RP FINANCIAL, LC.
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Financial Services Industry Consultants



                                                               December 15, 1999



Board of Directors
First Federal Savings and Loan Association of Olathe
100 East Park Street
Olathe, Kansas  66061

Gentlemen:

         We hereby consent to the use of our firm's name in the Application for
Conversion of First Federal Savings and Loan Association of Olathe, Olathe,
Kansas, and any amendments thereto, and in the Form SB-2 Registration Statement
and any amendments thereto for First Federal of Olathe Bancorp, Inc. We also
hereby consent to the inclusion of, summary of and references to our Appraisal
Report and our statement concerning subscription rights in such filings
including the Prospectus of First Federal of Olathe Bancorp, Inc.


                                                    Sincerely,


                                                    /s/  RP Financial, LC.
                                                    ----------------------------
                                                         RP FINANCIAL, LC.



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