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                                                                    Exhibit 23.2
                             KELLER & COMPANY, INC.
                             555 METRO PLACE NORTH
                                   SUITE 524
                               DUBLIN, OHIO 43017

                                 (614) 766-1426
                               (614) 766-1459 FAX


February 11, 1998

We hereby consent to the use of our firm's name, Keller & Company, Inc., and the
reference to our firm as experts in the Form S-1 to be filed by Columbia
Financial of Kentucky, Inc. with the Securities and Exchange Commission and any
amendments thereto, to the references in the Form S-1 and any amendments thereto
to our opinion dated December 16, 1997, regarding the value of subscription
rights to be granted to the depositors of Columbia Federal Savings Bank (the
"Opinion") and to the filing of the Opinion as an exhibit to the Form S-1 and
any amendments thereto.


Very truly yours,

KELLER & COMPANY, INC.


/s/ Michael R. Keller
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Michael R. Keller
President