1001 West Fourth St. Winston-Salem NC 27101-2400 t 336 607 7300  f 336 607 7500  

April 20, 2012 W. Randy Eaddy direct dial 336 607 7444 direct fax 336 734 2665 readdy@kilpatricktownsend.com

VIA EDGAR

Office of Mergers and Acquisitions

Division of Corporation Finance

U.S. Securities and Exchange Commission

Washington, D.C.  20549

Attention:	Christina Chalk, Senior Special Counsel
Re:	Cardinal Bankshares Corporation (the “Company”)
	Definitive Proxy Statement on Schedule 14A of
	Schaller Equity Partners, et al.
	File No. 0-28780

Ladies and Gentlemen:

At the request and on behalf of our clients, Schaller Equity Partners (the “Partnership”) and the other participants identified in the above-referenced Proxy Statement (collectively, the “Participants”), we are filing via EDGAR the Definitive Proxy Statement of the Coalition described therein, which reflects the positions agreed upon with the Staff in response to the Staff’s comment letter dated April 19, 2012 as a result of our letter dated April 19, 2012 and our telephone conversations with Ms. Christina Chalk of the Staff on April 20, 2012.

In the event that it may be necessary, the Participants hereby reaffirm, as they previously acknowledged in response to the Staff, that they acknowledge that (i) the Participants are responsible for the adequacy and accuracy of the disclosure in their filing; (ii) Staff comments, or changes to disclosure in response to Staff comments, do not foreclose the Commission from taking any action with respect to the Participants’ filing; and (iii) the Participants may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.  We are expressly authorized to make the above reaffirmation on behalf of the Participants.

ATLANTA  AUGUSTA  CHARLOTTE  DENVER  DUBAI  NEW YORK  OAKLAND  RALEIGH  SAN DIEGO  SAN FRANCISCO  SEATTLE  SILICON VALLEY  STOCKHOLM TAIPEI TOKYO  WALNUT CREEK  WASHINGTON, DC  WINSTON-SALEM

Securities and Exchange Commission

April 20, 2012

Page 2

If the Staff has any questions regarding this filing, please contact the undersigned at (336) 607-7444 or Matthew S. Chambers at (336) 607-7313.

Thank you for your consideration in this matter.

Sincerely,

/s/ W. Randy Eaddy

W. Randy Eaddy

Enclosures

cc:           Mr. Douglas E. Schaller

James W. Stevens, Esq.

Matthew S. Chambers, Esq.