Exhibit 5


                  [Leagre & Barnes Letterhead]




July 14, 1995



AMBANC Corp.
302 Main Street
Box 438
Vincennes, Indiana 47591

     Re:  Registration Statement on Form S-4

Dear Sirs:

     In connection with a certain Registration Statement on Form
S-4 (the "Registration Statement") filed with the Securities and
Exchange Commission pursuant to the Securities Act of 1933, as
amended (the "Act"), and the rules and regulations promulgated
thereunder, you have requested that we furnish you our opinion as
to the legality of the shares of the common stock, $10.00 par value
(the "Common Stock"), of AMBANC Corp. (the "Company") registered
thereunder, which Common Stock is to be issued pursuant to an
Amended Agreement of Merger and Plan of Reorganization, dated
June 19, 1995, among the Company, First Robinson Bancorp, FRB
Corp., The First National Bank in Robinson, and Farmers' State Bank
of Palestine (the "Merger Agreement").

     As counsel to the Company, we have participated in the
preparation of the Registration Statement.  We have examined and
are familiar with the Company's Articles of Incorporation, Bylaws,
as amended, records of corporate proceedings and such other
information and documents as we have deemed necessary or
appropriate.

     Based upon the foregoing, we are of the opinion that the
Common Stock has been duly authorized and will, when issued as
contemplated in the Registration Statement and the Merger
Agreement, be validly issued, fully paid and non-assessable.

     We consent to the use of this opinion as an Exhibit to the
Registration Statement.

                                   Very truly yours,

                                   /s/ Leagre & Barnes


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