**Exhibit              312**

**Certification              of Chief Financial Officer**

**Section              302**

|   | 1. | I                        have reviewed this quarterly report on Form 10-Q of BNL Financial                        Corporation; |
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|   | 2. | Based                        on my knowledge, this quarterly report does not contain any                        untrue                        statement of a material fact or omit to state a material                        fact necessary to                        make the statements made, in light of the circumstances under                        which such                        statements were made, not misleading with respect to the                        period covered by                        this quarterly report; |
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|   | 3. | Based                        on my knowledge, the financial statements, and other financial                        information                        included in this quarterly report, fairly present in all                        material respects                        the financial condition, results of operations and cash flows                        of the                        registrant as of, and for, the periods presented in this                        quarterly report; |
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|   | 4. | The                        registrant's other certifying officers and I are responsible                        for                        establishing and maintaining disclosure controls and procedures                        (as                        defined in Exchange Act Rules 13a-14 and 15d-14) for the                        registrant and we                        have: |
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|   | a) | designed                        such disclosure controls and procedures to ensure that material                        information relating to the registrant, including its consolidated                        subsidiaries, is made known to us by others within those                        entities,                        particularly during the period in which this quarterly report                        is being                        prepared; |
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|   | b) | evaluated                        the effectiveness of the registrant's disclosure controls                        and procedures                        as of a date within 90 days prior to the filing date of this                        quarterly                        report (the "Evaluation Date"); and |
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|   | c) | presented                        in this quarterly report our conclusions about the effectiveness                        of the                        disclosure controls and procedures based on our evaluation                        as of the                        Evaluation Date; |
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|   | 5. | The                        registrant's other certifying officers and I have disclosed,                        based on our                        most recent evaluation, to the registrant's auditors and                        the audit                        committee of registrant's board of directors (or persons                        performing the                        equivalent function): |
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|   | a) | all                        significant deficiencies in the design or operation of internal                        controls                        which could adversely affect the registrant's ability to                        record, process,                        summarize and report financial data and have identified for                        the                        registrant's auditors any material weaknesses in internal                        controls;                        and |
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|   | b) | any                        fraud, whether or not material, that involves management                        or other                        employees who have a significant role in the registrant's                        internal                        controls; and |
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|   | 6. | The                        registrant's other certifying officers and I have indicated                        in this                        quarterly report whether or not there were significant changes                        in internal                        controls or in other factors that could significantly affect                        internal                        controls subsequent to the date of our most recent evaluation,                        including                        any corrective actions with regard to significant deficiencies                        and                        material weaknesses. |
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