Exhibit (a)(3)


                         NASB FINANCIAL, INC.

                      OFFER TO PURCHASE FOR CASH
    UP TO 400,000 SHARES OF ITS COMMON STOCK, PAR VALUE $0.15 PER SHARE,
               AT A PURCHASE PRICE OF $15.00 PER SHARE


          THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL
                  EXPIRE AT 5:00 P.M., CENTRAL TIME, ON
           WEDNESDAY, SEPTEMBER 12, 2001, UNLESS THE OFFER IS EXTENDED.


August 13, 2001

To Brokers, Dealers, Commercial Banks, Trust Companies and Other
Nominees:

     We are enclosing the material listed below relating to the offer of
NASB Financial, Inc., a Missouri corporation (the "Company"), to
purchase up to 400,000 shares of its common stock, par value $0.15 per
share (the "Shares"), at a purchase price of $15.00 per Share, net to
the seller in cash, upon the terms and subject to the conditions set
forth in the Offer to Purchase dated August 13, 2001 (the "Offer to
Purchase"), and in the related Letter of Transmittal (which, as amended
from time to time, together constitute the "Offer").

     The Purchase Price will be paid in cash, net to the seller, with
respect to all Shares purchased. Shares not purchased because of
proration will be returned.

     THE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING
TENDERED.  THE OFFER IS, HOWEVER, SUBJECT TO CERTAIN OTHER CONDITIONS.
SEE SECTION 6 OF THE OFFER TO PURCHASE.

     For your information and for forwarding to your clients, we are
enclosing the following documents:

     1. The Offer to Purchase.
     2. A letter to stockholders of the Company from the Chairman of the
        Board of Directors of the Company.
     3. The Letter of Transmittal for your use and for the information
        of your clients.
     4. A letter that may be sent to your clients for whose accounts you
        hold Shares registered in your name or in the name of your
        nominee, with space for obtaining such clients' instructions
        with regard to the Offer.

     WE URGE YOU TO CONTACT YOUR CLIENTS AS PROMPTLY AS POSSIBLE.
PLEASE NOTE THAT THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS
EXPIRE AT 5:00 P.M., CENTRAL TIME, ON SEPTEMBER 12, 2001, UNLESS THE
OFFER IS EXTENDED.

     The Company will not pay any fees or commissions to any broker,
dealer or other person for soliciting tenders of Shares pursuant to the
Offer.  The Company will, upon request, reimburse brokers, dealers,
commercial banks and trust companies for reasonable and customary
handling and mailing expenses incurred by them in forwarding materials
relating to the Offer to their customers. The Company will pay all stock
transfer taxes applicable to its purchase of Shares pursuant to the
Offer, subject to Instruction 6 of the Letter of Transmittal.

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     THE BOARD OF DIRECTORS OF THE COMPANY HAS UNANIMOUSLY APPROVED THE
MAKING OF THE OFFER. HOWEVER, STOCKHOLDERS MUST MAKE THEIR OWN DECISIONS
WHETHER TO TENDER SHARES AND, IF SO, HOW MANY SHARES TO TENDER.  NEITHER
THE COMPANY NOR ITS BOARD OF DIRECTORS MAKES ANY RECOMMENDATION TO ANY
STOCKHOLDER AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING SHARES.

     Any questions or requests for assistance or additional copies of
the enclosed materials may be directed to the Company's Investor
Relations Department, at (816) 765-2200.

Very truly yours,

/s/ David H. Hancock
NASB Financial, Inc.
Enclosures

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