Independent Accountants' Report



Board of Directors
Camco Financial Corporation


We have reviewed the accompanying consolidated statement of financial condition
of Camco Financial Corporation as of June 30, 2001, and the related consolidated
statements of earnings, comprehensive income, and cash flows for the six and
three-month periods then ended. The financial statements are the responsibility
of the Corporation's management.

We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with auditing standards generally accepted in the United States of America, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements for them to be in conformity
with accounting principles generally accepted in the United States of America.

We have previously audited, in accordance with auditing standards generally
accepted in the United States of America, the consolidated statement of
financial condition as of December 31, 2000, and the related consolidated
statements of earnings, stockholders' equity, and cash flows for the year then
ended (not presented herein) and in our report dated February 12, 2001, we
expressed an unqualified opinion on those consolidated financial statements. In
our opinion, the information set forth in the accompanying consolidated
statement of financial condition as of December 31, 2000, is fairly stated, in
all material respects, in relation to the consolidated statement of financial
condition from which it has been derived.



/s/GRANT THORNTON LLP



Cincinnati, Ohio
August 13, 2001