EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES

OLD KENT FINANCIAL CORRPORATION
Ratio of Earnings to Fixed Charges

|                                                                                                          | Six Months Ended
June 30      |  | Years Ended December 31
|--------------------------------------------------------------------------------------------------------- | ----------------------------- |  | -----------------------
|                                                                                                          | (dollar amounts in thousands)
|                                                                                                          |                               |  |                        
|                                                                                                          | 2000                          |  | 1999                   
|Earnings                                                                                                  |                               |  |                        
|                                                                                                          |                               |  |                        
|Income before income taxes                                                                                | $166,551                      |  | $226,184               
|Fixed charges                                                                                             | 100,187                       |  | 65,885                 
|                                                                                                          |                               |  |                        
|                                                                                                          | $266,738                      |  | $292,069               
|Fixed charges                                                                                             |                               |  |                        
|                                                                                                          |                               |  |                        
|Interest expense                                                                                          |                               |  |                        
|(other than interest on
   deposits)                                                                      | $100,187                      |  | $65,885                
|Interest factor in rent expense                                                                           | --                            |  | --                     
|Preferred stock dividend
   requirements (gross up to
   pretax basis based on 34%
   effective tax rate) | 561                           |  | 561                    
|Total combined fixed charges
   and preferred stock dividend
   requirements                              | $100,748                      |  | $66,446                
|                                                                                                          |                               |  |                        
|Ratio of earnings to fixed
  charges, excluding interest
  on deposits                                    | 2.66                          |  | 4.43                   
|                                                                                                          |                               |  |                        
|Ratio of earnings to fixed
  charges, and preferred stock
  dividends, excluding interest
  on deposits   | 2.65                          |  | 4.40                   
|                                                                                                          |                               |  |                        
|Including Interest on Deposits                                                                            |                               |  |                        
|                                                                                                          |                               |  |                        
|Earnings                                                                                                  |                               |  |                        
|                                                                                                          |                               |  |                        
|Income before income taxes                                                                                | $166,551                      |  | $226,184               
|Fixed charges                                                                                             | 407,094                       |  | 339,152                
|                                                                                                          |                               |  |                        
|                                                                                                          | $573,645                      |  | $565,336               
|Fixed charges:                                                                                            |                               |  |                        
|                                                                                                          |                               |  |                        
|Interest expense                                                                                          | $407,094                      |  | $339,152               
|Interest factor in rent expense                                                                           | --                            |  | --                     
|Preferred stock dividend
   requirements (gross up to
   pretax basis based on 34%
   effective tax rate) | 561                           |  | 561                    
|Total combined fixed charges
   and preferred stock dividend
   requirements                              | $407,655                      |  | $339,713               
|                                                                                                          |                               |  |                        
|Ratio of earnings to fixed
  charges, including interest
  on deposits                                    | 1.41                          |  | 1.67                   
|                                                                                                          |                               |  |                        
|Ratio of earnings to fixed
  charges, and preferred stock
  dividends, including interest
  on deposits   | 1.41                          |  | 1.66