Exhibit 10.9


                             EMPLOYMENT AGREEMENT


      THIS AGREEMENT, made September 30, 2003, by and between Peoples State
Bank, Wausau, Wisconsin, a Wisconsin banking corporation, ("the Bank") and Todd
R. Toppen, of Wausau, Wisconsin ("Mr. Toppen").

      WITNESSETH:

      WHEREAS, the Bank has employed Mr. Toppen for many years and Mr. Toppen
has performed his duties in a highly satisfactory manner; and

      WHEREAS, the Bank wished to continue to employ Mr. Toppen and Mr. Toppen
wishes to continue his employment by the Bank on the terms and conditions
hereinafter provided;

      NOW, THEREFORE, in consideration of the premises, covenants and mutual
agreements contained herein, the Bank and Mr. Toppen agree as follows:

      1.    Employment.  Subject to the earlier termination of this agreement
pursuant to the terms hereof, Mr. Toppen is hereby employed effective as of the
date first written above (the "Commencement Date") as Vice President of the
Bank; provided, however, that Mr. Toppen may be employed in such other capacity
as the Board of Directors of the Bank shall deem appropriate and in the best
interests of the Bank.  Mr. Toppen agrees to serve in such capacity or
capacities on the terms and conditions hereinafter set forth.

      2.    Term.  The term of this agreement shall commence on  the
Commencement Date and shall end at midnight on the Expiration Date.  For
purposes of this agreement, the term "Expiration Date" shall mean the first to
occur of (a) the date of Mr. Toppen's death, or (b) the later of (1) the first
anniversary of the Commencement Date and (2) the date to which the term of this
agreement has most recently been extended pursuant to the following sentence.
On the first anniversary of the Commencement Date (and on the first anniversary
of each subsequent extension of the term of this agreement), the term of this
agreement shall automatically be extended for one year unless not less than 90
days prior to the Expiration Date of the original or any extended term, either
party gives notice to the other that automatic extensions of the term of this
agreement (and, consequently, the Expiration Date) pursuant to this sentence
shall cease.  The term "Term of Employment" shall mean the period beginning on
the Commencement Date and ending on the earlier of the Expiration Date or the
date on which Mr. Toppen's employment is terminated pursuant to paragraphs 5 or
8.

      3.    Extent of Services.  Mr. Toppen agrees to devote his full-time
attention and efforts (except during vacation periods, periods of illness and
other approved absences as provided for in paragraph 4(c)) to the duties of any
office held by him during the Term of Employment, provided, however, that Mr.
Toppen's devotion of a reasonable and de minimis portion of his attention or
efforts to the management of his personal affairs during normal business hours
shall not constitute a breach of the foregoing requirement.
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      4.    Compensation and Reimbursement.

            (a)   Salary.  The Bank shall pay to Mr. Toppen a salary based on
      an annual amount of $94,000.  The Bank may increase Mr. Toppen's salary
      from the amount specified herein during the Term of Employment, but may
      not decrease Mr. Toppen's salary from any previously established amount.
      Mr. Toppen's salary shall be payable at such times and in such
      installments as are consistent with the manner in which the salaries of
      other executive officers of the Bank are paid.

            (b)   Incentive Compensation.  During the Term of Employment, Mr.
      Toppen shall be entitled to receive such additional compensation from the
      Bank as may be provided for officers of commensurate position or rank
      under the terms of any incentive program from time to time maintained and
      in effect at the Bank for executive officers.

            (c)   Other Benefits.  During the Term of Employment, Mr. Toppen
      shall be entitled to receive all benefits and perquisites ordinarily
      provided to executive officers of the Bank, including coverage under a
      director's and officer's liability insurance policy,  and Mr. Toppen
      shall participate in all employee benefit plans or fringe benefit
      programs now or hereafter established or maintained by the Bank
      including, but not limited to, group insurance plans, pension benefit
      plans, welfare benefit plans,  pay practices, and vacation and sick leave
      benefits.  Mr. Toppen shall be entitled to participate in all plans or
      programs maintained by the Bank on terms no less favorable than those
      generally available to officers of the Bank and at a level of
      participation commensurate with his office.

            (d)   Expenses.  The Bank shall pay or reimburse Mr. Toppen, upon
      submission of vouchers by him, for all entertainment, travel, meal, hotel
      accommodation, and miscellaneous expenses reasonably incurred by him in
      the interest of the Bank's business during the Term of Employment.

      5.    Termination of Employment.

            (a)   Termination by the Bank for Good Cause.  The Bank may
      terminate Mr. Toppen's employment prior to the Expiration Date for good
      cause only upon compliance with the requirements of this paragraph 5(a).
      "Good cause" for termination of Mr. Toppen's employment by the Bank shall
      consist only of one or more of the following: (i) the commission of an
      act or acts by Mr. Toppen which results in a payment to the Bank or to
      PSB Holdings, Inc. ("PSB") of a claim filed by the Bank or PSB under a
      blanket banker fidelity bond policy as from time to time and at any time
      maintained; (ii) the willful and continuing failure to perform his duties
      in accordance with standards or policies established, from time to time,
      or at any time, by the Bank, after a written demand for substantial
      performance is delivered to Mr. Toppen by the Board which specifically
      identifies the manner in which the Board believes that Mr. Toppen has not
      substantially performed his duties; (iii) the commission by Mr. Toppen of
      any crime of moral turpitude, of dishonesty, of breach of trust, of
      theft, of embezzlement, of misapplication of funds, of unauthorized
      issuance of obligations or of false entries; (iv) any intentional,
      reckless, or negligent act or omission to act by Mr. Toppen which results
      in the violation by Mr. Toppen of any policy established by the Bank
      which is designed to insure compliance with applicable banking,
<PAGE>
      securities, employment discrimination or other laws which causes or
      results in the Bank's violation of such laws, except any act done by Mr.
      Toppen in good faith, as determined in the reasonable discretion of the
      Board of Directors of the Bank, or which results in a violation of such
      policies or law which is, in the reasonable sole discretion of such
      Board, immaterial;  (v) any intentional, reckless, or negligent act or
      omission to act by Mr. Toppen which results in a violation of an
      employment policy maintained by the Bank which is applicable to all other
      employees (for example, employment policies relating to the use of drugs
      or alcohol) and which, by the terms of such policy, is grounds for
      termination of employment, or (vi) Mr. Toppen's physical or mental
      disability, if such disability either results in Mr. Toppen receiving
      permanent disability payments pursuant to any group disability insurance
      policy or prevents Mr. Toppen from the normal performance of his duties
      for a continuous period of at least six months.  Upon the occurrence of
      any event constituting good cause for which the Bank elects to terminate
      Mr. Toppen's employment prior to the Expiration Date, the Bank shall
      provide written notice to Mr. Toppen, which shall state the good cause
      for termination, and Mr. Toppen's termination of employment shall be
      effective as of the date specified in such notice.  In the event of
      termination of Mr. Toppen's employment in accordance with the conditions
      of this paragraph (a), on the effective date of Mr. Toppen's termination
      of employment, the Term of Employment shall end, all of Mr. Toppen's
      obligations pursuant to this agreement (except for those provided in
      paragraphs 6 and 7) shall end and the Bank's obligations to pay
      compensation or provide benefits to Mr. Toppen pursuant to paragraph 4
      shall end.

            (b)   Termination by the Bank Other Than for Good Cause.  The Bank
      may terminate Mr. Toppen's employment prior to the Expiration Date for
      any reason other than good cause (as defined in paragraph 5(a)) upon
      providing 30 days written notice to Mr. Toppen specifying the effective
      date of Mr. Toppen's termination of employment.  If the Bank terminates
      Mr. Toppen's employment other than for good cause under paragraph 5(a),
      the Term of Employment and all of Mr. Toppen's obligations pursuant to
      this agreement (except for those provided in paragraphs 6 and 7) shall
      end on the effective date of Mr. Toppen's termination of employment and
      the Bank shall provide, for a period beginning on the effective date of
      Mr. Toppen's termination of employment,  as a severance benefit to Mr.
      Toppen and as liquidated damages for breach by the Bank of its otherwise
      applicable obligations hereunder, (i) a monthly cash payment equal to the
      amount which would, except for Mr. Toppen's termination of employment,
      have been paid to Mr. Toppen, if then living, as salary under paragraph
      4(a) for the remainder of the current or any extended term of this
      agreement, but in no event shall such payments be for a period of less
      than 12 months, and (ii) until Mr. Toppen becomes eligible for coverage
      under the health insurance plan of another employer of Mr. Toppen,
      coverage for Mr. Toppen, under the same terms then available to executive
      officers of the Bank, under any group health insurance program in which
      Mr. Toppen was a participant on the effective date of Mr. Toppen's
      termination of employment or under such successor plan or program as
      maintained after such date for the benefit of the Bank's employees but in
      no event longer than the period for which payments are made pursuant to
      clause (i).  Mr. Toppen shall not, by virtue of his severance benefit and
      liquidated damages rights, acquire any right, title or interest in
      particular assets of the Bank, and such rights shall be no greater than
<PAGE>
      the right of any unsecured general creditor of the Bank.  Despite any
      other provision of this agreement, Mr. Toppen shall not be entitled to
      any severance benefit or liquidated damages, and the Bank shall not be
      obligated to pay any such benefit or damages, if Mr. Toppen violates the
      provisions of paragraphs 6 or 7.

            (c)   Voluntary Termination by Mr. Toppen.  Mr. Toppen may
      terminate his employment at any time upon providing 30 days prior written
      notice to the Bank stating the effective date of his termination.  In any
      such event, all obligations of the Bank to Mr. Toppen under this
      agreement and all obligations of Mr. Toppen to the Bank (except those
      provided for in paragraphs 6 and 7) shall cease and the Term of
      Employment shall end on the effective date of Mr. Toppen's termination of
      employment.

      6.    Restrictive Covenant.  Mr. Toppen agrees, subject to the provisions
of paragraph 8, that during the Term of Employment and during the one-year
period which ends on the first anniversary of the effective date of Mr.
Toppen's termination of employment:

            (a)   he will not, within a radius of 25 miles of the principal
      office of the Bank in Wausau, Wisconsin or any branch or subsidiary
      office or operation of the Bank, directly or indirectly, perform services
      for, or on behalf of, any depository institution doing business as a
      bank, savings and loan association, or any other entity which competes
      for the Bank's retail or commercial loan business (each a "Financial
      Institution") if such services are the same or substantially similar to
      the services he performed for the Bank during the 12-month period
      immediately preceding his termination of employment; and

            (b)   he will not, directly or indirectly, solicit loans, deposits
      or other business on behalf of any Financial Institution from any person,
      corporation, limited liability company, partnership or other entity or
      organization:

                  (i)  who was a customer of the Bank on the date of his
            termination of employment or within the one year period ending on
            the date of his termination of employment;

                  (ii) was identified to management of the Bank by him, or by
            management of the Bank to him, as a potential customer of the Bank
            within the six-month period ending on the date of his termination
            of employment, or

                  (iii) was solicited by him for loans, deposits or other
            business on behalf of any Financial Institution at any time during
            the one-year period ending on the date of his termination of
            employment; and

            (c)   he will not, directly or indirectly, for himself or for any
      other person induce or attempt to induce any customer of the Bank to
      cease doing business with the Bank, or in any way interfere with the
      relationship between any customer of the Bank and the Bank.

For purposes of this paragraph 6, the term "directly or indirectly" includes
(a) any sale through any medium and (b) the direct or indirect ownership,
<PAGE>
management, operation, control, service as a director for, or association or
employment with, any Financial Institution if such Financial Institution is
engaged in the activities prohibited to Mr. Toppen by the provisions of this
paragraph 6 and Mr. Toppen's activities or services for such Financial
Institution involve the activities and services which are the same or
substantially similar to those services performed by him for the Bank;
provided, however, that an aggregate beneficial ownership interest of
Mr. Toppen of less than 5% of the equity interests in any Financial Institution
(or affiliate thereof) whose stock is registered pursuant to the provision of
the Securities Exchange Act of 1934 shall be deemed not to constitute a
violation of this provision.  Mr. Toppen further agrees that the restrictions
set forth in this agreement are reasonably necessary to protect the reasonable
interests of the Bank.

      7.    Confidential Information.  Mr. Toppen agrees that during the Term
of Employment and for a two year period following the termination of his
employment he will not reveal to any individual who is not then either employed
by, retained by, or on the Board of Directors of PSB, or any of its
subsidiaries, without the consent of PSB or the Bank, any confidential or
proprietary information of PSB or the Bank, the revealing of which would
adversely affect the business of PSB or the Bank, unless Mr. Toppen discloses
such matters in response to a subpoena or to discovery proceedings concerning a
matter in litigation or based on advice of counsel acceptable to the Bank that
such disclosure is appropriate or necessary under applicable law or regulation.

      8.    Change of Control.  In the event of a Change of Control, the
following provisions of this agreement shall apply notwithstanding any other
terms or conditions of this agreement:

            (a)   Upon a Change of Control, the "Term of Employment" for
      purposes of paragraph 2 shall mean the period equal in length to the Term
      of Employment then remaining on the date immediately prior to the Change
      of Control, but in no event for a period of less than 12 months, and the
      "Expiration Date" shall mean the first to occur of (i) Mr. Toppen's
      death, or (ii) his termination pursuant to paragraph 5, or (iii) his
      termination pursuant to paragraph 8(b).  Notwithstanding any other
      provision of this agreement or any incentive compensation plan then in
      effect,  Mr. Toppen shall be awarded, for each fiscal year ending during
      the Employment Period following the Change in Control, an annual bonus
      (the "Annual Bonus") in cash at least equal to his average annual bonus
      under any bonus plan with respect to performance during each of the three
      full calendar years prior to the effective date of the Change in Control,
      regardless of when such bonus was actually paid (the "Recent Annual
      Bonus") and each such Annual Bonus shall be paid no later than the end of
      the third month of the fiscal year next following the fiscal year for
      which the Annual Bonus is awarded but such amount shall be offset by any
      amount accrued under any other incentive compensation plan maintained
      after the Change of Control.

            (b)   Termination of Employment by Mr. Toppen for Good Reason.
      Mr. Toppen's employment may be terminated by Mr. Toppen during the Term
      of Employment for Good Reason if, (i) within 60 days of the date of
      occurrence of a triggering event, Mr. Toppen notifies the Bank in writing
      of his intention to treat such event as Good Reason, (ii) within 30 days
      following receipt of such notice provided for in (i), the Bank fails to
      cure the triggering event and (iii) within 30 days following the
<PAGE>
      expiration of the 30 day period described in (ii), Mr. Toppen voluntarily
      terminates his employment by giving written notice to the Bank.

            (c)   Good Reason.  For purposes of this agreement, "Good Reason"
      shall mean the occurrence of one or more of the following events
      subsequent to the public announcement of, or actual knowledge of the Bank
      or PSB of, any actual or proposed transaction which results, directly or
      indirectly, within 270 days of the date of such announcement or
      knowledge, in a Change of Control (each of which shall be a "triggering
      event"):

                  (i)  the assignment to Mr. Toppen of any duties inconsistent
            in any respect with the duties or responsibilities then held by Mr.
            Toppen (except if his status, title, or authority has been
            increased), or any other action by the Bank which results in a
            diminution in such duties or responsibilities, excluding for this
            purpose an isolated, insubstantial and inadvertent action not taken
            in bad faith and which is remedied by the Bank promptly after
            receipt of notice thereto given by Mr. Toppen;

                  (ii)  any failure by the Bank to comply with any of the
            provisions of paragraph 4 of this agreement, other than an
            isolated, insubstantial and inadvertent failure not occurring in
            bad faith and which is remedied by the Bank promptly after receipt
            of notice thereof given by Mr. Toppen, unless the Bank agrees to
            fully compensate Mr. Toppen for any such reduction;

                  (iii)  Mr. Toppen is required to locate his office more than
            25 miles from the then current location of the his principal
            office, excluding business travel reasonably consistent with the
            amount of travel required of him prior to such relocation;

                  (iv)  any purported termination by the Bank of Mr. Toppen's
            employment otherwise than as expressly permitted by this agreement;

                  (v)  any failure of any successor (whether direct or
            indirect, by purchase, merger, consolidation or otherwise) to all
            or substantially all of the business and/or assets of the Bank to
            assume expressly and agree to perform this agreement in the same
            manner and to the same extent that the Bank would be required to
            perform it if no such succession had taken place; or

                  (vi)  the Bank's or PSB's request that Mr. Toppen perform an
            illegal, or wrongful act in violation of the Bank's code of conduct
            policies.

            (d)   Severance Benefit on Termination by Mr. Toppen for Good
      Reason.  Upon termination of Mr. Toppen's employment by Mr. Toppen
      pursuant to paragraph 8(a) or by the Bank for a reason other than good
      cause subsequent to the public announcement of, or the Bank's or PSB's
      actual knowledge of, any actual or proposed transaction which results,
      directly or indirectly, within 270 days of the date of such announcement
      or knowledge, in a Change of Control, all obligations of the Bank to
      Mr. Toppen under this agreement and all obligations of Mr. Toppen to the
      Bank (except those provided for in paragraph 7) shall cease and the Term
      of Employment shall end (the "Date of Termination") and:
<PAGE>
                  (i)  subject to paragraph 8(f), the Bank shall pay to Mr.
            Toppen in a lump sum in cash within 30 days after the Date of
            Termination the aggregate of the following amounts:

                        (A)  the sum of (1) Mr. Toppen's base salary under
                  paragraph 4(a) through the Date of Termination and any
                  accrued incentive compensation to the extent not theretofore
                  paid, and (2) the product of (a) an amount equal to any
                  incentive compensation earned by Mr. Toppen for the most
                  recently completed fiscal year during the Term of Employment,
                  if any and (b) a fraction, the numerator of which is the
                  number of days in the current fiscal year through the Date of
                  Termination, and the denominator of which is 365; and

                        (B)  the amount equal to the amount of base salary to
                  which Mr. Toppen would have been entitled pursuant to
                  paragraph 4(a) had his termination of employment not
                  occurred, but in no event an amount less than 100% of Mr.
                  Toppen's then current base salary;

                  (ii)  until Mr. Toppen becomes eligible for coverage under
            the health insurance plan of another employer of Mr. Toppen,
            coverage for Mr. Toppen, under the same terms then available to
            executive officers of the Bank, under any group health insurance
            program in which Mr. Toppen was a participant on the effective date
            of Mr. Toppen's termination of employment or under such successor
            plan or program as maintained after such date for the benefit of
            the Bank's employees; and

                  (iii)  to the extent not theretofore paid or provided, the
            Bank shall timely pay or provide to Mr. Toppen any other amounts or
            benefits required to be paid or provided or which he is eligible to
            receive under any plan, program, policy or practice or contract or
            agreement of the Bank and its affiliated companies.

            (e)   Definition of Change of Control.  For the purpose of this
      agreement, a "Change of Control" shall be deemed to have occurred:

                  (i)  when any "person" as defined in Section 3(a)(9) of the
            Securities Exchange Act of 1934, as amended (the "Exchange Act")
            and as used in Sections 13(d) and 14(d) thereof, including a
            "group" as defined in Section 13(d) of the Exchange Act, excluding
            any employee benefit plan sponsored or maintained by PSB or any
            subsidiary of PSB (including any trustee of such plan acting as
            trustee), directly or indirectly, becomes the "beneficial owner"
            (as defined in Rule 13d-3 under the Exchange Act, as amended from
            time to time), of securities of PSB or the Bank representing 30% or
            more of the combined voting power of the Bank's or PSB's then
            outstanding securities with respect to the election of the
            directors of the Bank or PSB; or

                  (ii)  when, during any period of 24 consecutive months, the
            individuals who, at the beginning of such period, constitute the
            Board of Directors of the PSB (the "Incumbent Directors") cease for
            any reason other than death to constitute at least a majority
            thereof, provided, however, that a director who was not a director
<PAGE>
            at the beginning of such 24-month period shall be deemed to have
            satisfied such 24-month requirement (and be an Incumbent Director)
            if such director was elected by, or on the recommendation of or
            with the approval of, at least a majority of the directors who then
            qualified as Incumbent Directors either actually (because they were
            directors at the beginning of such 24-month period) or by prior
            operation of this provision; or

                  (iii)  the occurrence of a transaction requiring stockholder
            approval of the acquisition of the Bank by an entity other than PSB
            or a 50% or more owned subsidiary of PSB or shareholder approval of
            the acquisition of PSB through purchase of assets, or by merger,
            consolidation or otherwise, except in the case of a transaction
            pursuant to which, immediately after the transaction, PSB's
            shareholders immediately prior to the transaction own at least 60%
            of the combined voting power of the surviving entity's then
            outstanding securities with respect to the election of the
            directors of such entity solely be reason of such transaction; or

                  (iv)  the liquidation or dissolution of the Bank or PSB.

            (f)   Limitation on Benefits.

                  (i)  Notwithstanding any other provision of this agreement,
            the present value of all amounts payable pursuant to this paragraph
            8 which would constitute "parachute payments" (as such term is
            defined in Section 280G of the Internal Revenue Code of 1986 as
            amended (the "Code"), and any regulations promulgated thereunder),
            together with the present value of all other benefits payable by
            the Bank to Mr. Toppen under any other plans and the Bank which
            would also constitute "parachute payments," shall in no event equal
            or exceed an amount (the "Testing Amount") equal to 3 times Mr.
            Toppen's "base amount" (as such term is defined in Section 280G of
            the Code and any regulations promulgated thereunder), it being the
            intention of the parties that no payment made pursuant to this
            agreement shall constitute an "excess parachute payment" (as such
            term is defined in Section 280G of the Code and any regulations
            promulgated thereunder).  In the event that the present value of
            the payments provided for in this paragraph 8 together with the
            present value of such other amounts, without taking into account
            this paragraph (f), equals or exceeds the Testing Amount, then the
            amount of the payments provided for in this paragraph 8 and under
            such plans shall be reduced, beginning with the payments which are
            last in time, until the present value of all such payments is less
            than the Testing Amount.  For purposes of this paragraph 8, present
            value shall be determined in the manner provided in Section 280G of
            the Code and the regulations promulgated thereunder.

                  (ii)  It is the intention of the parties that the provisions
            of this paragraph 8 be construed to reduce the amounts otherwise
            payable hereunder only to the extent necessary to avoid the
            disallowance of the deduction by the Bank for any such amounts or
            the imposition of an excise tax on Mr. Toppen for any such amounts,
            under federal income tax law as it currently exists or may
            hereafter be amended.
<PAGE>
                  (iii)  In the event the provisions of this paragraph 8
            require any reduction in the amount to be paid to Mr. Toppen under
            this paragraph 8 of this Agreement, the Bank shall deliver to Mr.
            Toppen concurrently with such payment a statement signed by a
            partner or principal of its independent accounting firm setting
            forth the basis for and computation of such reduction and
            certifying that such computation is made in good faith.

      9.    Miscellaneous.

            (a)   Notices.  Any notice required or permitted to be given under
      this agreement shall not be deemed to have been given unless delivered in
      person or mailed, postage prepaid by certified mail addressed, in the
      case of Mr. Toppen, to his last known residence as specified by him in a
      notice to the Bank, or, in the case of the Bank to its principal office.

            (b)   Benefits and Obligations.  This agreement shall be binding
      upon, shall inure to the benefit of the Bank and its successors or
      assigns, and, as provided for herein, PSB, and shall be enforceable by
      the Bank and its respective successors and assigns, and Mr. Toppen, his
      heirs, assigns or legal representatives; provided, however, that the
      obligations of Mr. Toppen contained herein may not be delegated or
      assigned.

            (c)   Entire Agreement; Amendment.  This agreement constitutes the
      entire agreement between the parties with respect to the subject matter
      hereof and may only be amended by an agreement in writing signed by all
      of the parties hereto.

            (d)   Waiver.  The failure of any party hereto to insist, in any
      one or more instances, upon performance of any of the terms and
      conditions of this agreement, shall not be construed as a waiver or
      relinquishment of any right granted hereunder or of the future
      performance of any such term, covenant or condition.

            (e)   Severability.  In the event that any portion of this
      agreement may be held to be invalid or unenforceable for any reason, the
      parties hereto agree that said invalidity or unenforceability, shall not
      effect the other portions of this agreement and that the remaining
      covenants, terms and conditions or portions thereof shall remain in full
      force and effect and any court of competent jurisdiction may so modify
      the objectionable provision as to make it valid and enforceable.

            (f)   Governing Laws.  This agreement shall be governed by and
      construed in accordance with the internal laws of the State of Wisconsin
      without reference to conflicts or law principles.

            (g)   Captions.  The captions contained in this agreement are for
      the convenience of the Bank and Mr. Toppen and shall not be deemed or
      construed as in any way limiting or extending the language of the
      provisions to which such captions refer.

      IN WITNESS WHEREOF, the Bank and Mr. Toppen have caused this instrument
to be executed as of the date first written above.
<PAGE>

                                           PEOPLES STATE BANK



                                           By:   DAVID K. KOPPERUD
                                                 David K. Kopperud
                                                 As its President


                                                 TODD R. TOPPEN
                                                 Todd R. Toppen