Exhibit 23.2

                         CONSENT OF INDEPENDENT AUDITORS

The Board of Directors and Shareholders
Chancellor Corporation

         We consent to incorporation by reference in the Registration State
dated September 30, 1998, on Form S-8 and related prospectus of Chancellor
Corporation of our report dated March 18, 1998 except for Note V which is as of
March 27, 1998, relating to the consolidated financial statements of Chancellor
Corporation and Subsidiaries as of December 31, 1997, which report appears in
the December 31, 1997 Annual Report on Form 10-KSB of Chancellor Corporation.

                                               /s/ Reznick Fedder & Silverman
                                               --------------------------------
                                               Reznick Fedder & Silverman

Boston, MA
September 30, 1998