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Exhibit 10.22

Indenture Agreement with respect to Capital Notes dated April 16, 1998.

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I N D E N T U R E   A G R E E M E N T
W I T H   R E S P E C T
T O   C A P I T A L   N O T E S
D A T E D   A P R I L  16,  1 9 9 8

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INDENTURE AGREEMENT

     THIS INDENTURE AGREEMENT is made as of the 16th day of April, 1998, 
between BRENTON BANKS, INC., a corporation organized and existing under the 
laws of Iowa with its principal place of business in the City of Des Moines, 
Iowa, hereinafter called the "Company," and BANKERS TRUST COMPANY, a state 
banking corporation organized under the laws of the State of Iowa, with its 
principal place of business in the City of Des Moines, Iowa, hereinafter 
called the "Trustee."

     W I T N E S S E T H:

     WHEREAS, Company is duly authorized by its Articles of Incorporation and 
By-Laws to borrow money for its corporate purposes; and,

     WHEREAS, Company was heretofore duly authorized by a unanimous 
affirmative vote of its directors at a meeting duly called and held for such 
purpose to borrow the sum of $5,000,000 for use in connection with its 
ordinary operations and to issue its Capital Notes in the total sum of 
$5,000,000, with the same to be secured by an appropriate Indenture Agreement 
with Bankers Trust Company, Des Moines, Iowa, as Trustee for the Capital Note 
holders.

     NOW, THEREFORE, in consideration of One Dollar ($1.00) in hand paid to 
Trustee, and in consideration of the purchase and acceptance of Capital Notes 
of Company by various purchasers, Company hereby covenants and declares that 
its Capital Notes in the maximum principal sum of $5,000,000, and hereinafter 
more fully described, shall be issued by it upon and subject to the following 
terms, conditions, and covenants, and Trustee by its execution hereof agrees 
to act as Trustee for all such Capital Note holders under and pursuant to the 
terms of this Agreement.

     ARTICLE I

     Capital Notes

     1.01  Company shall issue its Capital Notes, in the maximum total 
principal sum of $5,000,000 with the same being in the series, maturing on the 
dates, and bearing interest at the rates enumerated on Exhibit A attached 
hereto, which said Capital Notes shall constitute those issued under and 
pursuant to this Indenture. Such Capital Notes shall be issued in 
denominations of multiples of $1,000.

     1.02  The Capital Notes to be issued under and pursuant to the terms 
hereof shall be in the form attached hereto as Exhibit B.

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     1.03  All Capital Notes issued pursuant to this Indenture shall be issued 
directly to the registered owners as to principal and interest, and shall be 
transferable by the registered owner in person or by duly authorized attorney 
at the office of the Company upon surrender and cancellation of the original 
Capital Note, at which time a new registered Capital Note(s) shall be executed 
and delivered by Company in lieu thereof with the same registered in the name 
of the transferee or transferees.  Each Capital Note issued in consummation of 
an assignment and transfer of an original issue, or any subsequent Capital 
Notes issued and outstanding under the terms hereof, shall be appropriately 
recorded by both Company and by Trustee.

     1.04  All Capital Notes issued under and pursuant to this Indenture shall 
be certified by Trustee and shall not be valid for any purpose until so 
certified. Whenever a Capital Note is surrendered for transfer or assignment 
and a new Capital Note issued in lieu thereof, the same shall be certified at 
that time by Trustee prior to its delivery to the registered owner or owners.

     1.05  All Capital Notes issued under the terms hereof shall have equal 
priority as to principal.  Upon the happening of an "event of default," all 
interest due and unpaid on that date on all Capital Notes issued and 
outstanding shall have priority over any principal amounts of such Capital 
Notes, and shall be paid ratably either in money or property among the Capital 
Note holders to whom the said unpaid interest is due and owing, and no payment 
of principal shall be made until all said unpaid interest has been paid and 
discharged in full.  Following payment of the interest, the principal sums due 
and unpaid on all Capital Notes issued and outstanding as of that date shall 
then be paid.  For the purpose of principal payment, whether by virtue of 
distribution of money or property, priority with respect thereto shall be 
equal between all such outstanding Capital Notes.

     1.06  Any Capital Note issued under the terms hereof which has been lost, 
destroyed, or stolen shall be replaced by Company with an identical new 
Capital Note, certified by Trustee, upon proof of loss, destruction, or theft 
satisfactory to Company and Trustee and the giving of a bond to secure Company 
and Trustee from loss, if and to the extent required by Company and Trustee.

     1.07  Any Capital Note surrendered to Company by the holder thereof on 
payment or redemption shall be promptly cancelled by Company and after 
cancellation delivered to Trustee for recordation and return to Company.  A 
Capital Note surrendered upon an 

<PAGE>
assignment or transfer shall also be so cancelled by Company and delivered to 
Trustee for recordation and return to Company.

     1.08  All Capital Notes issued pursuant to the terms hereof shall bear 
interest, payable semi-annually on June 1 and December 1 of each year prior to 
maturity, call for redemption or redemption pursuant to Section 1.11 hereof.  
No payment of principal shall be made until all unpaid interest has been paid 
and discharged in full.  Following payment of the interest, the principal sums 
due and unpaid on all Capital Notes issued and outstanding as of that date 
shall be paid.  For the purpose of principal payments, whether by virtue of 
distribution of money or property, priority with respect thereto shall be 
equal in all respects between all such outstanding Capital Notes.

     1.09  Capital Notes issued and outstanding under the terms hereof shall 
be paid on maturity to the extent that payment is not prohibited by the terms 
hereof, and after payment of all interest due and payable on any such 
outstanding Capital Notes at that time.

     1.10  Any Capital Note issued pursuant to this Indenture may be redeemed 
in advance of maturity in whole or in part by Company, on any interest payment 
date occurring on or after the midpoint between the date of issuance and the 
stated maturity date of such Capital Note, at any time after thirty (30) days 
notice by Company of its election to do so by paying all interest due thereon 
together with the principal amount thereof.

     1.11  Upon the death of an individual registered holder or of an 
individual bearing a certain designated relationship to the registered holder, 
a Capital Note will be redeemed by the Company at the option of certain 
designated person(s) exercised as provided herein at face plus all interest 
accrued on the Capital Note to the date of redemption.  An option shall arise 
upon the death of an individual who is (i) sole registered holder, (ii) a 
joint tenant registered holder, (iii) a tenant in common registered holder, 
(iv) a life tenant registered holder, (v) the sole grantor of a revocable 
trust which is a registered holder, (vi) a participant in an IRA or other 
retirement plan solely for the benefit of one participant which is a 
registered holder, or (vii) the ward of a conservatorship or custodianship 
which is a registered holder.  No option to require redemption of a Capital 
Note shall arise except as specifically set forth above.

     Upon the death of an individual who is the sole registered holder of a 
Capital Note, such option shall be exercisable by the deceased holder's 
personal representative(s).  Upon the death of a registered holder who holds a 
Capital Note in joint tenancy, such 

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option shall be exercisable by the surviving joint tenant(s).  Upon the death 
of a registered holder who holds a Capital Note in tenancy in common, such 
option shall be exercisable jointly by the personal representative(s) of the 
deceased holder and by the remaining tenant(s) in common.  Upon the death of a 
registered holder who has a life estate in a Capital Note, such option shall 
be exercisable by the remainderman(men).  Upon the death of an individual who 
is the sole grantor of a revocable trust which is a registered holder, such 
option shall be exercisable by the trustee(s) of the trust.  Upon the death of 
the participant in an IRA or other retirement plan solely for the benefit of 
one participant which is a registered holder, such option shall be exercisable 
by the beneficiary(ies) of such IRA or retirement plan.  Upon the death of a 
ward of a conservatorship or custodianship which is a registered holder, such 
option shall be exercisable by the personal representative(s) of such ward's 
estate.  In the event more than one person is entitled to exercise the option, 
such option shall be exercisable only with the concurrence of all persons 
entitled to exercise the option.

     The option shall be exercisable for a period of 9 months following the 
date of death of the individual whose death gives rise to the option.  The 
option shall be exercised by the person(s) entitled to exercise the option 
giving written notice to the Company of the exercise of the option at the 
Company's principal executive offices.  Prior to the redemption of the Capital 
Note, the person(s) entitled to exercise the option shall furnish the Company 
with such documentation or evidence as the Company shall require to establish 
such person's(s') entitlement to exercise the redemption option.  The Company 
shall be under no duty to notify the person(s) entitled to exercise the option 
of the existence of this redemption option or of any facts which come to the 
attention of the Company which would give any person the right to exercise the 
option.

     1.12  In the event any Capital Note is not presented for surrender and 
cancellation on maturity or when called for redemption by Company, Company 
shall deposit a sum equal to the amount due thereon, with Trustee in trust for 
payment thereof, and no interest shall be due and payable to the holder of 
such Capital Note from and after its maturity or redemption date.  Such 
payment by Company to Trustee shall be made within thirty (30) days after the 
due date.  Thereafter, Trustee shall pay over said sum to the owner upon 
delivery and surrender of the pertinent Capital Note(s) for redemption and 
cancellation.

     1.13  Nothing contained in this Indenture or in any of the Capital Notes 
shall be construed to cause the Capital Notes issued 

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hereunder to become immediately due and payable in the event of any 
consolidation or merger of the Company with or into any other corporation or 
corporations (whether or not affiliated with the Company), or successive 
consolidations or mergers in which the Company or its successor or successors 
shall be a party or parties, or any sale or conveyance of the property of the 
Company as an entirety or substantially as an entirety, to any other corpora-
tion (whether or not affiliated with the Company) or the purchase of stock and 
subsequent liquidation of the assets into the purchasing entity (hereinafter 
"purchase and liquidation") authorized to acquire and operate the same if the 
following are delivered to the Trustee:  (1) an opinion by a certified public 
accountant appointed by the successor corporation or entity opining that the 
net worth of the successor corporation or entity following the acquisition, 
merger, consolidation, sale of assets, or purchase and liquidation determined 
on a pro forma basis using the successor corporation's or entity's and the 
Company's most recent year-end financial statements preceding the date of the 
acquisition, merger, consolidation, sale of assets, or purchase and 
liquidation is in excess of the net worth of the Company as reflected on the 
Company's most recent year-end financial statements preceding the date of the 
acquisition, merger, consolidation, sale of assets, or purchase and 
liquidation; (2) an Assumption Agreement in which the successor corporation or 
entity expressly assumes the due and punctual performance and observance of 
all of the covenants and conditions of this Indenture to be performed by the 
Company; and (3) an opinion of counsel appointed by the successor corporation 
or entity that the Assumption Agreement is a valid and binding obligation of 
such successor corporation or entity enforceable in accordance with its terms 
and the Capital Notes are valid and binding obligations of the successor 
corporation or entity.

     In case of any such consolidation, merger, sale, conveyance, or purchase 
and liquidation and upon the assumption by the successor corporation, such 
successor corporation shall succeed to and be substituted for the Company, 
with the same effect as if it had been named herein as the Company.

     1.14  Any notices which Company is required to give under the terms of 
this Indenture, or which are deemed necessary or proper by Company, shall be 
given by first class mail with postage prepaid addressed to each Capital Note 
holder at the address shown for him on the books and records of Company, and 
notices so given shall be deemed given upon the date of the mailing thereof.

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ARTICLE II

Covenants of Company

     2.01  Company covenants and agrees to pay all principal and interest as 
the same becomes due and payable upon any Capital Notes issued and outstanding 
under the terms of this Indenture; provided, however, that principal shall 
only be paid by it upon surrender of the appropriate Capital Notes for 
cancellation, or if not surrendered, by payment to Trustee as provided in this 
Indenture.

     2.02  Subject to the provisions of Section 1.13 hereof, Company covenants 
to continue the operation of its business, all as required and permitted by 
its Articles of Incorporation and By-Laws, and to at all times maintain 
sufficient assets and property to continue such general operations so long as 
any of its Capital Notes remain issued and outstanding under the terms hereof.

     2.03  Company covenants to meet all requirements relative to issuance of 
said Capital Notes, payment of principal and interest thereon from the sources 
specified, and all other conditions relating thereto as provided in Article I 
hereof.

     2.04  Company further covenants to furnish Trustee true copies of all 
quarterly and annual reports normally prepared by Company.

     2.05  On an annual basis Company covenants to furnish trustee with a 
certificate indicating whether there has been an "event of default", as 
defined in Article III hereof, on the Capital Notes. Said statement shall be 
certified by an officer of the Company that it is true and accurate according 
to the Company's best knowledge and belief.  The Company shall deliver the 
certificate to the Trustee within ninety (90) days of the Company's fiscal 
year end.

     2.06  The Company further covenants to furnish Trustee a quarterly 
statement listing the current capital noteholders.  Said statement shall be 
certified by an officer of the Company to be true and accurate according to 
the Company's best knowledge and belief.

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ARTICLE III

Defaults:  Rights, Remedies, and Duties of
Trustee and Capital Note Holders

     3.01  An "event of default" shall constitute any one of the following:

     a.  Failure of Company to pay interest or principal or any part thereof, 
within thirty (30) days after due;

     b.  Failure of Company to fully perform any other covenant or obligation 
made and to be kept or performed by Company by virtue of this Indenture which 
is not remedied within sixty (60) days after notice of such failure from 
Trustee or from the holders of twenty-five percent (25%) of the principal 
amount of all Capital Notes issued and outstanding under the terms hereof at 
that time.

     c.  Adjudication of Company as a bankrupt or insolvent in any state or 
federal court, or appointment by any court of a receiver to take over and 
conduct the business, affairs, and property of Company, or commencement of 
liquidation of Company, either voluntary or involuntary, pursuant to any 
bankruptcy, insolvency or receivership.

     3.02  Subject to the provisions of Section 4.01(e), upon the happening of 
an "event of default," Trustee shall declare all principal and interest on all 
Capital Notes of Company then issued and outstanding under the terms hereof 
due and payable at once by written notice to Company, and thereafter, Trustee 
may sue at law or in equity or proceed in any other manner authorized by law 
to enforce payment of all sums due on any such outstanding Capital Notes and 
to establish and enforce all rights and priorities of every kind and nature of 
the holders of all such Capital Notes and of such Trustee.

     3.03  Subject to the provisions of Section 4.01(e), upon the occurrence 
of an "event of default" as defined in this Indenture, Trustee, within thirty 
(30) days after knowledge thereof, shall give written notice thereof to all 
registered owners of Capital Notes outstanding under the terms of this 
Indenture at that time, said notice to be by ordinary first class mail 
addressed to each owner at the address shown on Trustee's records. Failure to 
give notices 

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under the terms hereof, however, shall not make Trustee liable for any claim 
resulting therefrom.

     3.04  In any action or proceeding in which rights of Capital Note holders 
in and to the assets and property of Company are or may be affected, or to 
enforce payment of interest or principal due under this Indenture or any of 
the Capital Notes issued pursuant to the same, or to otherwise enforce 
performance by Company of any obligations made or to be performed by it under 
the terms hereof or of Capital Notes issued pursuant to this Indenture, 
Trustee shall act for and on behalf of all Capital Note Holders, and shall 
file and make proof of debts, claims, petitions, pleadings, and all other 
instruments, and may take all action and steps deemed necessary or proper to 
enforce, protect, and preserve all rights and properties of the holders of 
outstanding Capital Notes.

     3.05  Trustee may employ counsel as in its discretion deemed proper in 
the case of any "event of default" of Company, or any other actions as in this 
Indenture described or provided for with respect to Trustee either in its own 
right or for and on behalf of Capital Note holders, and Company shall pay all 
fees and expenses of such counsel and of Trustee in any such acts, actions, or 
proceedings taken by Trustee under terms hereof.

     3.06  All moneys collected or received by Trustee by virtue of any act, 
action, or proceeding taken under the terms hereof or received by Trustee for 
and on behalf of Capital Note holders shall be disbursed as follows:

     a.  In payment of all costs, expenses, charges, and fees of Trustee, 
including counsel and attorney's fees;

     b.  In payment of all principal and interest due and unpaid on the 
Capital Notes issued and outstanding at that time.  If there are insufficient 
funds to fully pay all such principal and interest, the funds available shall 
be applied and paid first ratably to the payment of unpaid interest and then 
ratably to the payment of principal;

     c.  The remainder, if any, to Company.

     3.07  In case of an "event of default" by Company by virtue of which the 
Trustee may elect to institute an action or proceeding on behalf of the 
Capital Note holders against Company, if Trustee does not institute an action 
within thirty (30) days after its elective right to so do has accrued, the 
holders of Capital Notes totaling 

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twenty-five percent (25%) of the principal amount of all such Capital Notes 
then issued and outstanding by written demand given to Trustee may require 
Trustee to institute any action or proceeding which they direct Trustee to 
initiate, provided however, that Trustee, before bringing any such action, 
may, as is hereinafter more fully spelled out, require adequate security from 
such Capital Note holders to protect it against any loss by virtue of 
expenses, charges, and fees incident to any action so required.  In the event 
that two or more groups of holders of Capital Notes each of which holds 
Capital Notes totaling twenty-five percent (25%) of the principal amount of 
all such Capital Notes then issued and outstanding direct the trustee to 
proceed in a conflicting manner(s), the trustee may interplead the funds into 
or may seek a declaratory determination of the conflict(s) from the District 
Court for Polk County, Iowa.

     3.08  No holder of any Capital Note issued hereunder shall have the right 
to institute any suit, action, or proceeding in equity or at law for the 
execution of any trust or power hereof or for the endorsement or any remedy 
under this Indenture or any Capital Note issued hereunder unless:

     a.  Such holder shall have previously given the Trustee written notice of 
some existing "event of default" and of the continuance thereof;

     b.  The holders of twenty-five percent (25%) in principal amount of the 
Capital Notes at the time outstanding shall have requested the Trustee to 
exercise such power or right of action after the right to do so has accrued 
hereunder and have afforded the Trustee a reasonable opportunity to proceed 
upon such request;

     c.  Such holders shall have offered to Trustee indemnity satisfactory to 
it against the costs, expenses, and liabilities to be incurred thereby; and

     d.  The Trustee shall have failed or refused to comply with such request 
within a period of sixty (60) days.  Compliance with the foregoing conditions 
shall at the option of the Trustee be a condition precedent to the exercise of 
the powers and trusts of this Indenture and to any action or proceeding for 
the enforcement of any remedy hereunder, and no holder of any Capital Note 
shall have any right to enforce any right on account of this Indenture or his 
Capital Note, except in the manner herein provided, and in any event 

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all proceedings hereunder at law or in equity shall be instituted and 
maintained for the ratable benefit of all holders of outstanding Capital Notes 
in the manner and with the interest priority provided for in Section 1.05 and 
Section 3.06, and any other applicable provisions hereof.

ARTICLE IV

Trustee, Its Rights and Duties,
and Successor Trustees

     4.01  The Trustee, for itself and its successors, hereby accepts the 
trust created by this Indenture and assumes the duties imposed, but upon the 
following terms and conditions:

     a.  Trustee shall be entitled to reasonable compensation for all services 
from time to time rendered by it under and by virtue of the terms of this 
Indenture including an acceptance fee, together with all expenses from time to 
time incurred by it, including fees paid for counsel and for legal services. 
The parties hereto shall agree upon Trustee's fees for ordinary services from 
time to time hereunder.  In the event the parties do not agree, or in the 
event of extraordinary services by virtue of events of default or liquidation 
of Company, or any other matter which may require extraordinary services from 
Trustee, Trustee's compensation may be fixed by an appropriate court.  Company 
covenants to pay all compensation to which Trustee may be entitled, including 
expenses and fees from time to time, promptly upon demand.

     b.  Trustee shall not be responsible for the correctness of any recitals 
in this Indenture of any Capital Notes issued under and pursuant to the same 
(except certificates and authentications by Trustee).

     c.  Trustee may employ and consult with counsel whenever deemed 
necessary, and the opinion of such counsel shall be full and complete 
authorization and protection to and for Trustee in respect of any action taken 
or suffered by it in good faith and in accordance with the opinion of such 
counsel.

     d.  Trustee may rely upon the correctness of any certificate or 
statement, of the President or a Vice President of Company furnished from time 
to time 

<PAGE>
under the terms hereof and shall not be liable in any way for any act done or 
any omission to act in reliance on any such certificate or statement.

     e.  Trustee hereunder shall have no responsibility for determining when 
or whether an "Event of Default" has occurred except for those events of 
default which would come to its knowledge and attention in the ordinary course 
of business under this form of Trust Indenture.

     4.02  Trustee shall not be liable for any act of commission or omission 
on its part in connection with the discharge and performance of its duties and 
obligations under this Indenture and any Capital Notes issued pursuant hereto, 
except to the extent that any such act or omission shall constitute willful 
misconduct or negligence, and reliance upon certificates and statements of 
Company, the President or a Vice President thereof, opinions of counsel 
(whether counsel for Company or not), and good faith errors in judgment by a 
responsible officer or officers of Trustee shall not be held to be negligent 
in any case.

     4.03  Trustee shall keep at all times a current list of the names and 
addresses of registered Capital Note holders, issued and outstanding under the 
terms of this Indenture.  Company shall promptly notify Trustee of all changes 
in names or addresses of Capital Note holders known to it.

     4.04  Trustee may resign whenever it may elect to so do, sixty (60) days 
after a written notice of its intention to so do has been served on Company 
and on all Capital Note owners shown by the records of Trustee (notices in all 
cases to be by ordinary, first class mail with the date of service thereof), 
and in the event Trustee shall resign, or in the event Trustee shall be 
dissolved and cease to do business as a bank or trust company, Company shall 
designate by an appropriate written instrument a successor Trustee which shall 
be a state or national bank or trust company with its principal office in the 
state of Iowa.  Any successor trustee appointed by Company under the terms 
hereof shall have all rights, powers, and duties of the original Trustee as 
herein provided, and whenever in this Indenture the word "Trustee" appears or 
the Trustee is referred to, it shall mean and includes any and all successor 
Trustees who may be appointed hereunder.

     4.05  Trustee shall not be in any manner precluded from buying, selling, 
owning, or dealing in Capital Notes issued pursuant to this agreement, either 
in its own right or as agent for others,

<PAGE>
as fully and completely as any other individual, firm, or corporation could 
do.

     4.06  Trustee or Company may (and on written request of owners of twenty-
five percent (25%) in principal amount of outstanding Capital Notes shall) 
call a meeting of all Capital Note owners for any appropriate purpose.  Such 
meeting shall be called by giving a written notice of the time and place 
thereof by ordinary, first class mail to all Capital Note owners whose names 
and addresses are first shown in the records of Trustee, mailed not less than 
five (5) days prior to the date fixed for such meeting. The Company shall pay 
for the costs of calling and holding said meeting.

     4.07  In any case in which Trustee is required or may deem it proper or 
advisable to give a notice to Company, a Capital Note holder or any other 
person, firm, or agency, such notice shall be given by ordinary, first class 
mail, addressed to the last known post office address of any such person, 
firm, or agency, and the time of service thereof shall be the time of mailing 
thereof.

ARTICLE V

     5.01  The Company and Trustee may make arrangements varying, amending or 
changing this Indenture as Company and Trustee shall from time to time deem 
proper without the approval of the noteholders, provided only that no such 
amendment shall adversely affect any rights or interests of owners of Capital 
Notes then issued and outstanding under and pursuant to this Indenture.

     5.02  Upon the execution of any Supplemental Indenture pursuant to the 
provisions of this Article V, this Indenture shall be and be deemed to be 
modified and amended in accordance therewith and the respective rights, 
limitations of rights, obligations, duties, and immunities under this 
Indenture of the Trustee, the Company, and the holders of Capital Notes shall 
thereafter be determined, exercised and enforced hereunder subject in all 
respects to such modifications and amendments, and all the terms and 
conditions of any such Supplemental Indenture shall be and be deemed to be 
part of the terms and conditions of this Indenture for any and all purposes.

     IN WITNESS WHEREOF, Brenton Banks, Inc. has caused this Indenture to be 
executed in its name and on its behalf by its President, duly attested by its 
Secretary, with its corporate seal hereto attached, and Bankers Trust Company, 
Des Moines, Iowa, to evidence its acceptance of the trusts hereby created, has 
caused this instrument to be signed in its name and on its behalf by a duly 
authorized officer, all on or as of this 16th day of April, 1998.

<PAGE>
BRENTON BANKS, INC.                     BANKERS TRUST COMPANY



By /s/                                  By /s/
   Robert L. DeMeulenaere               Bryan Hall, Trust Officer
   President


ATTEST:


By /s/
   Steven T. Schuler,
   Chief Financial Officer and
   Treasurer/Secretary


STATE OF IOWA            )
                         ) ss.
COUNTY OF POLK           )

     On this 16th day of April, 1998, before me, a Notary Public in and for 
Polk County, Iowa, personally appeared Robert L. DeMeulenaere, President, and 
Steven T. Schuler, Chief Financial Officer and Treasurer/Secretary, of Brenton 
Banks, Inc., the corporation which executed the above and foregoing 
instrument, who being to me known as the identical persons who signed the 
foregoing instrument, and by me duly sworn, each for himself, did say that 
they are respectively the President and the Chief Financial 
Officer/Secretary/Treasurer of said corporation, and that said instrument was 
by them signed and sealed on behalf of the said corporation by authority of 
its Board of Directors, and each of them acknowledged the execution of said 
instrument to be the voluntary act and deed of said corporation, by it and 
each of them voluntarily executed.

     IN WITNESS WHEREOF, I have hereunto signed my name and affixed my 
Notarial Seal the day and year last above written.

                                               /s/ Pamela J. Slippy 
                                                  , Notary Public in
                                                 and for Polk County
Seal

<PAGE>
STATE OF IOWA            )
                         ) ss.
COUNTY OF POLK           )

     On this 16th day of April, 1998, before me, a Notary Public in and for 
Polk County, Iowa, personally appeared Bryan Hall, of Bankers Trust Company, 
the corporation which executed the above and foregoing instrument, who being 
to me known as the identical person who signed the foregoing instrument, and 
by me duly sworn, did say that he is the Trust Officer of said corporation, 
and that said instrument was by him signed and sealed on behalf of the said 
corporation by authority of its Board of Directors, and he acknowledged the 
execution of said instrument to be the voluntary act and deed of said 
corporation, by it and by him voluntarily executed.

     IN WITNESS WHEREOF, I have hereunto signed my name and affixed my 
Notarial Seal the day and year last above written.

                                                  /s/ John D. Hunter
                                                  , Notary Public in
                                                 and for Polk County
Seal.

<PAGE>
Exhibit A

    5.00% Capital Notes
    Series RR-26 through RR-37
    Due 2002 through 2013

    5.25% Capital Notes
    Series TT-26 through TT-37
    Due 2002 through 2013

    5.50% Capital Notes
    Series UU-26 through UU-37
    Due 2002 through 2013

    5.75% Capital Notes
    Series VV-26 through VV-37
    Due 2002 through 2013

    6.00% Capital Notes
    Series G-26 through G-37
    Due 2002 through 2013

    6.25% Capital Notes
    Series Q-26 through Q-37
    Due 2002 through 2013

    6.50% Capital Notes
    Series J-26 through J-37
    Due 2002 through 2013

    6.75% Capital Notes
    Series K-26 through K-37
    Due 2002 through 2013

    7.00% Capital Notes
    Series M-26 through M-37
    Due 2002 through 2013

    7.25% Capital Notes
    Series N-26 through N-37
    Due 2002 through 2013

    7.50% Capital Notes
    Series R-26 through R-37
    Due 2002 through 2013

    7.75% Capital Notes
    Series T-26 through T-37
    Due 2002 through 2013

    8.00% Capital Notes
    Series U-26 through U-37
    Due 2002 through 2013

    8.25% Capital Notes
    Series V-26 through V-37
    Due 2002 through 2013

    8.50% Capital Notes
    Series W-26 through W-37
    Due 2002 through 2013

    8.75% Capital Notes
    Series X-26 through X-37
    Due 2002 through 2013

    9.00% Capital Notes
    Series Y-26 through Y-37
    Due 2002 through 2013

    9.25% Capital Notes
    Series B-26 through B-37
    Due 2002 through 2013

    9.50% Capital Notes
    Series A-26 through A-37
    Due 2002 through 2013

    9.75% Capital Notes
    Series C-26 through C-37
    Due 2002 through 2013

    10.00% Capital Notes
    Series D-26 through D-37
    Due 2002 through 2013

    10.25% Capital Notes
    Series E-26 through E-37
    Due 2002 through 2013

    10.50% Capital Notes
    Series F-26 through F-37
    Due 2002 through 2013

    10.75% Capital Notes
    Series H-26 through H-37
    Due 2002 through 2013

    11.00% Capital Notes
    Series I-26 through I-37
    Due 2002 through 2013

    11.25% Capital Notes
    Series L-26 through L-37
    Due 2002 through 2013

    11.50% Capital Notes
    Series O-26 through O-37
    Due 2002 through 2013

    11.75% Capital Notes
    Series S-26 through S-37
    Due 2002 through 2013

    12.00% Capital Notes
    Series Z-26 through Z-37
    Due 2002 through 2013

    12.25% Capital Notes
    Series P-26 through P-37
    Due 2002 through 2013

    12.50% Capital Notes
    Series SS-26 through SS-37
    Due 2002 through 2013

    12.75% Capital Notes
    Series AA-26 through AA-37
    Due 2002 through 2013

    13.00% Capital Notes
    Series BB-26 through BB-37
    Due 2002 through 2013

<PAGE>
EXHIBIT "B"
S No. _______________
BRENTON BANKS, INC.
DES MOINES, IOWA
$__________________
REGISTERED CAPITAL NOTE (SERIES _______________________ CALLABLE) 

     Brenton Banks, Inc., a corporation organized and existing under the laws 
of the State of Iowa, hereinafter referred to as the Corporation, for value 
received hereby promises to pay to the registered holder hereof, upon 
presentation of this Capital Note, the sum of $___________________ on the 1st 
day of June,______________, at the main office of the Corporation in the City 
of Des Moines, Iowa. The Corporation further agrees to pay interest on the 
principal amount from the __________ day of ____________________, until paid, 
at the rate of _______% per annum, payable semi-annually on the first day of 
June and December of each year.

   The Corporation shall, upon request of the registered holder hereof, mail a 
check representing the interest hereon, or the principal when due, to the 
registered holder at his address appearing on the books of registration. 
   The Capital Note is subject to being called on any interest payment date 
occurring on or after the date that is the midpoint between the original 
issuance date and the stated maturity date, at the option of the Corporation on 
not less than thirty (30) days' prior written notice given by the Corporation 
by ordinary mail to the holder of the Capital Note at such holder's address 
appearing on the books of registration, at 100% of the principal amount of this 
Capital Note, together with interest accrued and unpaid on this Capital Note, 
to the date fixed for such call.
   Upon the death of an individual registered holder or of an individual 
bearing a certain designated relationship to the registered holder, a Capital 
Note will be redeemed by the Company at the option of certain designated 
person(s) exercised as provided herein at face plus all interest accrued on the 
Capital Note to the date of redemption. An option shall arise upon the death of 
an individual who is (i) sole registered holder, (ii) a joint tenant registered 
holder, (iii) a tenant in common registered holder, (iv) a life tenant 
registered holder, (v) the sole grantor of a revocable trust which is a 
registered holder, (vi) a participant in an IRA or other retirement plan solely 
for the benefit of one participant which is a registered holder, or (vii) the 
ward of a conservatorship or custodianship which is a registered holder. No 
option to require redemption of a Capital Note shall arise except as 
specifically set forth above.
   Upon the death of an individual who is the sole registered holder of a 
Capital Note, such option shall be exercisable by the deceased holder's 
personal representative(s). Upon the death of a registered holder who holds a 
Capital Note in joint tenancy, such option shall be exercisable by the 
surviving joint tenant(s). Upon the death of a registered holder who holds a 
Capital Note in tenancy in common, such option shall be exercisable jointly by 
the personal representative(s) of the deceased holder and by the remaining 
tenant(s) in common. Upon the death of a registered holder who has a life 
estate in a Capital Note, such option shall be exercisable by the 
remainderman(men). Upon the death of an individual who is the sole grantor of a 
revocable trust which is a registered holder, such option shall be exercisable 
by the trustee(s) of the trust. Upon the death of the participant in an IRA or 
other retirement plan solely for the benefit of one participant which is a 
registered holder, such option shall be exercisable by the beneficiary(ies) of 
such IRA or retirement plan. Upon the death of a ward of a conservatorship or 
custodianship which is a registered holder, such option shall be exercisable by 
the personal representative(s) of such ward's estate. In the event more than 
one person is entitled to exercise the option, such option shall be exercisable 
only with the concurrence of all persons entitled to exercise the option.
   The option shall be exercisable for a period of 9 months following the date 
of death of the individual whose death gives rise to the option. The option 
shall be exercised by the person(s) entitled to exercise the option giving 
written notice to the Company of the exercise of the option at the Company's 
principal executive offices. Prior to the redemption of the Capital Note, the 
person(s) entitled to exercise the option shall furnish the Company with such 
documentation or evidence as the Company shall require to establish such 
person's(s') entitlement to exercise the redemption option. The Company shall 
be under no duty to notify the person(s) entitled to exercise the option of the 
existence of this redemption option or of any facts which come to the attention 
of the Company which would give any person the right to exercise the option.
   This Capital Note is one of an authorized issue of fully registered Capital 
Notes of Brenton Banks, Inc., issued in multiples of $1,000 and limited to the 
aggregate principal amount of $5,000,000 at any one time outstanding, all 
issued pursuant to an Indenture dated April 16, 1998, executed and delivered by 
the Corporation to the Trustee, to which Indenture reference is hereby made for 
a description of rights, duties and obligations thereunder of the Corporation, 
the Trustee and the Owners of the Capital Notes.
   In the event of default in the payment of principal of, or interest on, this 
Capital Note, the total principal amount of this Capital Note, and all interest 
hereof, shall become due and payable and the Corporation shall immediately pay 
the same.
   Books for the registry hereof are maintained at the office of the 
Corporation or at the agency of the Corporation established for that purpose in 
the city of Des Moines, Iowa. This Capital Note is transferable by the 
registered holder hereof in person, or by his duly authorized attorney, at the 
office or agency of the Corporation for such purpose in the city of Des Moines, 
Iowa, upon surrender for cancellation of this Capital Note at said office or 
agency. Thereupon, a new Capital Note for a like principal amount, or new 
Capital Notes in such authorized denominations and registered in such name or 
names, as shall have been requested, shall be issued and delivered.
   No transfer hereof shall be valid unless made on the Corporation's books, at 
the office of the Corporation or the agency established for that purpose, in 
accordance with the provisions of the foregoing paragraph. The Corporation and 
its agents may deem and treat the person in whose name this Capital Note is 
registered as the absolute owner of the Capital Note for the purpose of 
receiving payment hereof and interest due hereon, but the Corporation may, at 
any time, require the presentation hereof as a condition precedent to such 
payment.
   No recourse shall be had for the payment of the principal of, or interest 
upon, this Capital Note, against any shareholder, officer, or director of the 
Corporation, by reason of any matter prior to the delivery of this Note, or 
otherwise, all such liability, by the acceptance hereof, and as a part of the 
consideration of this issue hereof, being expressly waived.
   In the event any Capital Note is not presented for payment when due or when 
called by the Corporation, the Corporation shall deposit a sum equal to the 
amount due thereon with Trustee in trust for payment thereof and neither the 
Corporation nor Trustee shall thereafter be liable for any interest thereon.
   This Capital Note and any subsequent Capital Note issued on transfer and 
surrender hereunder shall not be valid for any purpose until duly certified by 
the Trustee under the Indenture supporting the name.
   This Capital Note is not a deposit and is not insured by the Federal Deposit 
Insurance Corporation.

     IN WITNESS WHEREOF, the Corporation has caused this Capital Note to be 
executed by its Chairman, President or Treasurer, and attested to by another 
authorized individual, and its corporate seal affixed hereto, at Des Moines, 
Iowa, on the day and year appearing below.

Corporate Seal:

Date: ________________________________

BRENTON BANKS, INC.
By: __________________________________
    (Chairman, Vice Chairman or President) 

ATTEST: 
______________________________________
(Secretary, Asst. Secretary Treasurer, or other authorized individual)

<PAGE>
REGISTRATION
(No writing on this registered Capital Note except by an officer or agent of 
the Corporation)

 Date of             In Whose                         Registry
Registration     Name Registered      Address          Officer

_____________    ________________     ___________   __________

_____________    ________________     ___________   __________

_____________    ________________     ___________   __________

_____________    ________________     ___________   __________


TRUSTEE'S CERTIFICATE

The foregoing Capital Note is hereby certified by the undersigned Bank as 
Trustee as one of the series of Capital Notes of Brenton Banks, Inc., described 
in the Indenture referred to therein, made between the Corporation and this 
Bank as Trustee.

     Dated as of this _______ day of ____________________, ______.

_______________________________
(Trustee)

By_____________________________
Its____________________________
        (Title)

ASSIGNMENT 

For value received I hereby assign to __________________________________ the 
within registered Capital Note and hereby irrevocably appoint _____________ 
____________________________________ attorney to transfer the registered 
Capital Note on the books of the within named Corporation with full power of 
substitution in the premises.

Dated:_________________________

Signatures guaranteed by the        __________________________
                                    Signature (in whose name
_______________________________                registered)
           (Bank)
                                    __________________________
_______________________________     Signature (in whose name
         Signature                             registered)

_______________________________
Date             Office & Title


The transfer of any notes represented by this certificate to any person who is 
not then a bona fide resident of the State of Iowa purchasing such notes for 
the purpose of investment and not for resale is restricted pursuant to the 
terms of a subscription form executed by the original holder of such notes.