April 26, 2010


Securities and Exchange Commission
Washington, D.C.  20549


Ladies and Gentlemen:

We were previously engaged as principal accountants to
audit the consolidated financial statements of NASB
Financial, Inc. (the Company) as of and for the year ending
September 30, 2010, and the effectiveness of internal
control over financial reporting as of September 30, 2010.
On April 14, 2010, we were dismissed.  We have read the
Company's statements included under Item 4.01 of its Form
8-K  dated April 20, 2010, and we agree with such
statements, except for the following:

I.   We are not in a position to agree or disagree with:

     a.  the Company's statement that the change was
         recommended by the audit committee of the board of
         directors and approved by the Company's board of
         directors;

     b.  the Company's statement that it re-engaged BKD,
         LLP to serve as its principal independent
         accountant to review the Company's consolidated
         financial statements for the quarter ended
         December 31, 2009, and for the duration of the
         year ending September 30, 2010;

     c.  the Company's statement that it intends to call
         the SEC's Office of the Chief Accountant to
         present its interpretation of authoritative
         guidance for measuring impairment of the
         investment in Central Platte and file its
         quarterly report for the quarter ended December
         31, 2009, upon determination of the accounting
         method to be utilized for such period; and

     d.  the Company's statement that it provided BKD with
         a copy of the Form 8-K disclosures.

II.  We do not agree with:

     a.  the Company's statement that ASC 323-10 does not
         provide guidance on how to determine impairment on
         equity method investments; and

     b.  the Company's statement with respect to a possible
         change in its accounting method in measuring
         impairment of the investment in preparing the
         financial statements for the quarter ended
         December 31, 2009.  As noted in Item 4.01(1), we
         believe that the Company's method of evaluating
         potential impairment of the investment was in
         error, and accordingly, a change to the
         appropriate method would not be considered a
         change in accounting principle.

In addition, prior to our dismissal, we were not provided a
copy of the requested independent third-party appraisal of
the fair value of the investment in Central Platte and were
unable to complete our review of the Company's interim
financial statements for the quarter ended December 31,
2009.  On April 16, 2010, we were advised by the Company's
Chief Executive Officer that on April 13, 2010 the Company
received a document electronically from the independent
third-party appraiser indicating a preliminary impairment
in value of $4.5 million of the Company's investment in
Central Platte.  We have not been provided a copy of that
electronic document.

Very truly yours,

/s/ KPMG LLP