EXHIBIT 23.0


[LOGO] Arthur Andersen LLP
         Independent Public Accountants
         1345 Avenue of the Americas
         New York, NY  10105


                                    CONSENT OF INDEPENDENT ACCOUNTANTS

As independent  public  accountants,  we hereby consent to the  incorporation by
reference in the Registration  Statements  (Nos.33-81278  and 333-20379) on Form
S-8 of  Reliance  Bancorp,  Inc of our report  dated July 21,  1999  included in
Reliance  Bancorp,  Inc's June 30,  1999  Annual  Report on Form 10-K and to all
references to our Firm included in these registrations statements.



/s/  Arthur Andersen LLP
    Arthur Andersen LLP
    New York, NY  10105
    September 22, 1999


























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