Exhibit 5
Opinion of Breyer & Aguggia Regarding Legality of Securities Registered
1300 I Street, N.W.
Suite 470 East
Washington, D.C. 20005
Telephone (202) 737-7900
Breyer & Aguggia Facsimile (202) 737-7979
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June 25, 1997
Board of Directors
Oregon Trail Financial Corp.
2055 First Street
Baker City, Oregon 97814
RE: Oregon Trail Financial Corp.
Registration Statement on Form S-1
Gentlemen:
You have requested our opinion as special counsel for Oregon Trail
Financial Corp., an Oregon corporation, in connection with the above-referenced
registration statement filed with the Securities and Exchange Commission under
the Securities Act of 1933, as amended.
In rendering this opinion, we understand that the common stock of Oregon
Trail Financial Corp. will be offered and sold in the manner described in the
Prospectus, which is part of the Registration Statement. We have examined such
records and documents and made such examination as we have deemed relevant in
connection with this opinion.
Based upon the foregoing, it is our opinion that the shares of common stock
of Oregon Trail Financial Corp. will upon issuance be legally issued, fully paid
and nonassessable.
This opinion is furnished for use as an exhibit to the Registration
Statement. We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to us under the heading "LEGAL
OPINIONS."
Very truly yours,
/s/ Breyer & Aguggia
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BREYER & AGUGGIA
Washington, D.C.
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