Exhibit 99.(d)(10)







LETTERHEAD OF MISSISSIPPI VIEW HOLDING COMPANY



May 1, 1998


To Our Stockholders:

         As you  are  aware  by  now,  Mississippi  View  Holding  Company  (the
"Company")  is offering to purchase  222,000  shares  (approximately  30% of its
currently  outstanding  shares) of its common stock from its  stockholders  at a
cash price not greater  than  $21.50 nor less than $19.50 per share.  Based upon
the  number  of  shares  tendered  and the  prices  specified  by the  tendering
stockholders,  the  Company  will  determine a single per share  purchase  price
within  that price  range  which will  allow it to buy  222,000  shares (or such
lesser number of shares as are validly  tendered and not withdrawn at prices not
greater  than  $21.50 nor less than $19.50 per share)  (the  "Purchase  Price").
Subject to possible proration in the event more than 222,000 shares are tendered
at or below the Purchase Price,  all of the shares that are validly  tendered at
prices at or below that Purchase Price (and are not withdrawn) will be purchased
at that same Purchase Price, net to the selling stockholder in cash.

         The Offer,  proration period and withdrawal rights expire at 5:00 p.m.,
Eastern time, on Monday, May 11, 1998, unless the Offer is extended.

         As more fully  discussed in the Offer to Purchase dated April 13, 1998,
the Offer is conditioned  upon,  among other things,  the Company  obtaining the
funds necessary to consummate the Offer and to pay all related fees and expenses
(the  "Financing  Condition").  We are pleased to announce  that the Company has
secured financing  arrangements  sufficient to satisfy the Financing  Condition.
The Company has been informed by letter dated April 27, 1998, that the Office of
Thrift  Supervision  ("OTS")  confirmed that the  Association's  dividend to the
Company  falls  within the safe harbor  provisions  of the OTS  regulations.  In
addition, the Company has secured a commitment from First Federal FSB for a loan
in the  amount up to and  including  $225,000  for a term of one year,  which is
prepayable. The interest rate on the loan will be 9% payable quarterly. The loan
will be secured by treasury shares of the Company.

         Neither the Company nor its Board of Directors makes any recommendation
to any stockholder as to whether to tender or refrain from tendering shares. You
must make your own decision whether to tender shares and, if so, how many shares
to tender and at which price or prices.

         This Offer is explained in detail in the Offer to Purchase  dated April
13,  1998 and Letter of  Transmittal  which have  previously  been mailed to all
stockholders.  If you want to tender your  shares,  the  instructions  on how to
tender  shares are also  explained in detail in the offering  materials.  If you
need a copy of the offering  materials,  you may call  MacKenzie  Partners,  our
information  agent, at 1-800-322-  2885. I encourage you to read these materials
carefully before making any decision with respect to the Offer.

                                         Very truly yours,


                                         /s/Thomas J. Leiferman
                                         ---------------------------------------
                                         Thomas J. Leiferman
                                         President and Chief Executive Officer