Exhibit 5

                       [letterhead of Breyer & Aguggia]


                                       July 19, 1996



Board of Directors
Fulton Bancorp, Inc.
410 Market Street
Fulton, Missouri  65251

     RE:  Fulton Bancorp, Inc.
          Registration Statement on Form S-1

To the Board of Directors:

     You have requested our opinion as special counsel for Fulton Bancorp, Inc.,
a Delaware corporation, in connection with the above-referenced registration
statement filed with the Securities and Exchange Commission under the Securities
Act of 1933, as amended.

     In rendering this opinion, we understand that the common stock of Fulton
Bancorp, Inc. will be offered and sold in the manner described in the
Prospectus, which is part of the Registration Statement.  We have examined such
records and documents and made such examination as we have deemed relevant in
connection with this opinion.

     Based upon the foregoing, it is our opinion that the shares of common stock
of Fulton Bancorp, Inc. will upon issuance be legally issued, fully paid and
nonassessable.

     This opinion is furnished for use as an exhibit to the Registration
Statement. We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to us under the heading "LEGAL AND
TAX OPINIONS."

                                       Sincerely,


                                       /s/ Breyer & Aguggia
                                       --------------------
                                           BREYER & AGUGGIA

Washington, D.C.