EXHIBIT 99





                      [MISSISSIPPI VIEW HOLDING COMPANY]



PRESS RELEASE                                                   March 24, 1997

For More Information, contact:
Thomas J. Leiferman, President/CEO
Mississippi View Holding Company
35 East Broadway
Little Falls, MN  56345-3093
(320) 632-5461


                       Mississippi View Holding Company
              Authorization of Stock Repurchase Program by Board

Little Falls,  Minnesota -- March 24, 1997 -- Mississippi  View Holding Company,
the holding company of Community  Federal Savings and Loan Association of Little
Falls,  has  announced  its  intention to  repurchase up to 81,874 shares of the
Company's common stock. Mr. Thomas J. Leiferman, President, said the Company has
been authorized by its Board of Directors to repurchase up to 10% of its 818,743
outstanding  shares of  common  stock.  The  Company  has  filed  the  necessary
regulatory  notices  and  has  received  regulatory  approval  to  initiate  the
repurchase program.

The  repurchases  will be  made  in  open-market  transactions,  subject  to the
availability of the stock, market conditions, the trading price of the stock and
the  Company's  financial  performance.  Such  repurchased  shares  will  become
treasury shares and will be utilized for general corporate  purposes,  including
the issuance of shares in connection with the exercise of stock options.

Community  Federal Savings and Loan Association of Little Falls is headquartered
in  Little  Falls,   Minnesota  and  operates  through  its  main  office.   The
Association's  deposits  are insured up to legal  maximum  limits by the Federal
Deposit  Insurance  Corporation  (FDIC).  At December 31, 1996,  the Company had
total  assets  and   stockholders'   equity  of  $70,328,787   and   $13,035,178
respectively.  The Company is listed on the Nasdaq Small-Cap Market under MissVw
and is traded under the Nasdaq symbol of "MIVI".