______________________, 1996


The Board of Directors
First Federal Savings and Loan
  Association of Allen Parish
222 South 10th Street
P.O. Box 706
Oakdale, Louisiana  71463

               RE:    FIRST ALLEN PARISH BANCORP, INC.
                      COMMON STOCK PAR VALUE $.01 PER SHARE
                      -------------------------------------

Gentlemen:

     You have requested the opinion of this firm as to certain matters in
connection with the offer and sale (the "Offering") of the First Allen Parish
Bancorp, Inc. ("Company") Common Stock par value $.01 per share ("Common
Stock").  We have reviewed the Company's Certificate of Incorporation,
Registration Statement on Form SB-2 ("Form SB-2"), as well as applicable
statutes and regulations governing the Company and the offer and sale of the
Common Stock.

     We are of the opinion that upon the declaration of effectiveness of the
Form SB-2, the Common Stock, when sold, will be legally issued, fully paid and
non-assessable.

     This opinion has been prepared solely for the use of the Company in
connection with the Form SB-2, and should not be used for any other purpose nor
relied upon by any other person (except for the Securities and Exchange
Commission in connection with its processing of the Form SB-2 and prospective
investors in the Offering), without the prior written consent of this firm. We
hereby consent to our firm being referenced under the caption "Legal Opinions."

                                 Very truly yours,



                                 By: /s/ Robert A. Lipsher

                                 Luse Lehman Gorman Pomerenk & Schick
                                 A Professional Corporation