Subject: File No. SR-NASDAQ-2006-040
From: David G. Wallace
Affiliation: Investor Relations Officer, Bancshares of Florida, Inc.

December 6, 2006

Our company is totally against bundling the cost of various newswire and other services in its Nasdaq fee. Since we believe that the services of our existing provider are superior to those offered by Nasdaq's captive provider and we will continue to use our existing provider, we will be paying unnecessary costs through our Nasdaq membership. The practical alternative to replacing Nasdaq as our listing exchange is nil, so the new Nasdaq pricing scheme includes an unnecessary and unjustifiable charge, reflects an aspect of monopoly pricing, and can be considered inflationary.