Joint Filing Agreement

                                                                       EXHIBIT 1



                             Joint Filing Agreement


         The undersigned parties hereby agree that the Schedule 13D filed
herewith (and any amendments thereto) relating to the Common Stock of Eldorado
Bancshares, Inc. is being filed jointly with the Securities and Exchange
Commission pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended.





                                         OLYMPUS GROWTH FUND II, L.P.

         Date: April 16, 1999            By:  OGP II, L.P.
                                         General Partner

                                            By: Xxxxxx, LLC
                                            General Partner

                                               By: /s/ Xxxxx X. Xxxxxx  
                                                       -----------------------
                                               Xxxxx X. Xxxxxx
                                               Member



                                         OLYMPUS EXECUTIVE FUND, L.P.

                                         By: OEF, L.P.
                                         General Partner

                                            By: Xxxxxx Corporation
                                                     General Partner

                                                By: /s/ Xxxxx X. Xxxxxx  
                                                        -----------------------
                                                Xxxxx X. Xxxxxx
                                                President





                                        1