EXHIBIT (99) OPINION OF OLIVE LLP


[LETTERHEAD OF OLIVE LLP]



To the Shareholders and Board of Directors
Indiana United Bancorp
Greensburg, Indiana

We have audited the consolidated balance sheet of Indiana United Bancorp and
subsidiaries as of December 31, 1998, and the related consolidated statements of
income, shareholder's equity and cash flows for the year ended December 31,
1998. These consolidated financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
consolidated financial statements based on our audits.

The consolidated financial statements as of December 31,1998, and for the year
then ended, have been restated to reflect the pooling of interests with First
Affiliated Bancorp, Inc. as described in Note 2 to the consolidated financial
statements. We did not audit the 1998 financial statements of First Affiliated
Bancorp, Inc., which statements reflect total assets of $129,199 as of December
31, 1998 and total revenues of $9,981 for the year then ended. Those statements
were audited by other auditors whose report has been furnished to us, and our
opinion, insofar as it relates to the amounts included for First Affiliated
Bancorp, Inc. as of December 31, 1998, and for the year then ended, is based
solely on the report of the other auditors.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, based on our audit and the report of other auditors, the
consolidated financial statements referred to in the first paragraph present
fairly, in all material respects, the consolidated financial position of Indiana
United Bancorp and subsidiaries as of December 31, 1998, and the results of
their operations and their cash flows for the year ended December 31, 1998, in
conformity with generally accepted accounting principles.

Olive LLP

Indianapolis, Indiana
January 29, 1999