RP Financial, LC.
Board of Trustees


September 11, 1998


Board of Trustees
Cohoes Savings Bank and
Board of Directors
Cohoes Bancorp, Inc.
75 Remsen Street
Cohoes, New York  12047


Gentlemen:

We  hereby  consent  to the  use of  our  firm's  name  in the  Application  for
Conversion  on Form  86-AC of Cohoes  Bancorp,  Inc.,  Cohoes,  New York and any
amendments  thereto,  and  in  the  Form  S-1  Registration  Statement  and  any
amendments  thereto  for Cohoes  Bancorp,  Inc.  We also  hereby  consent to the
inclusion of, summary of and references to our Appraisal  Report in such filings
including the Prospectus of Cohoes Bancorp, Inc.


Sincerely,

RP FINANCIAL, LC.

/s/ Gregory E. Dunn

Gregory E. Dunn
Senior Vice President