EXHIBIT 23.1

                         INDEPENDENT AUDITOR'S CONSENT



We consent to the use in Amendment No. 1 to the Registration Statement of PCB
Holding Company on Form SB-2, of our report dated January 30, 1998, relating to
the consolidated financial statements of Peoples Building & Loan Association and
Subsidiary appearing in the Prospectus, which is a part of such Registration
Statement.

We also consent to the filing of our state tax opinion as an exhibit to the
Registration Statement and to the references to us under the headings "Legal and
Tax Opinions" and "Experts" contained in the Prospectus.


/s/  Monroe Shine & Co., Inc.
     Monroe Shine & Co., Inc.
     New Albany, Indiana 47150
     May 1, 1998