EXHIBIT 10(b)

                     EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN

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                 WYMAN PARK FEDERAL SAVINGS AND LOAN ASSOCIATION

                     EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN
                     AND COMPENSATION CONTINUATION AGREEMENT

     THIS  AGREEMENT,  made and  entered  into as of the 30th day of  September,
1997,  by and  between  Wyman  Park  Federal  Savings  and Loan  Association  of
Lutherville,  Maryland  (hereinafter  called  the  "Association")  and Ernest A.
Moretti of Churchville, Maryland (hereinafter called the "Executive").

                                   WITNESSETH:

     WHEREAS,  the Executive has been in the employ of the  Association,  and is
now serving the Association as its President and Chief Executive Officer; and

     WHEREAS, because of the Executive's experience, knowledge of affairs of the
Association,  and reputation and contacts in the savings and loan industry,  the
Association  deems the  Executive's  continued  employment  with the Association
important for its future growth; and

     WHEREAS,  it is the desire of the  Association,  and in its best  interest,
that the Executive's services be retained; and

     WHEREAS,  in order to induce the Executive to continue in the employ of the
Association and in recognition of his past service,  the Association has entered
into an Executive  Supplemental  Retirement Plan and  Compensation  Continuation
Agreement,  dated as of September 30, 1997, ("the Agreement") to provide him and
his  beneficiaries  with  certain  benefits  in  accordance  with the  terms and
conditions therein set forth.

     NOW, THEREFORE,  in the consideration of services performed in the past and
to be performed in the future by the Executive as well as of the mutual promises
and covenants herein  contained,  the Association and the Executive hereby agree
as follows:

                                   ARTICLE ONE

     1.01  Employment.  The  Association  shall  employ the  Executive,  and the
Executive shall serve the in the employ of the  Association,  in accordance with
the employment  agreement by and between the Association  and the Executive,  as
such  agreement may be amended from time to time.  Nothing herein shall restrict
or otherwise affect the right of the Executive to enter into any other agreement
with the  Association  concerning  the terms and  conditions of his  employment.
Nothing  herein  shall  require  the  Executive  to remain in the  employ of the
Association or require the  Association to employ the Executive.  This Agreement
is not part of any salary reduction plan or an arrangement  deferring a bonus or
a salary  increase.  The Executive has no option to take any current  payment or
bonus in lieu of the salary continuation or other benefits provided herein.




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                                   ARTICLE TWO

2.01  Benefits  Upon  Termination.   If  the  Executive's  employment  with  the
Association terminates for any reason (including, without limitation,  voluntary
resignation  or termination  for cause) on or after the date of this  Agreement,
regardless of whether the Executive has attained the age of sixty-five (65), the
Association  shall pay to the Executive,  in equal monthly  installments  on the
first day of each month, for the period commencing on the first day of the month
next following the month on which such termination occurs and terminating on the
Executive's   death,   an  annual   amount,   payable  in  twelve  (12)  monthly
installments,  over the  greater  of the life of the  Executive  or one  hundred
twenty  (120)  months,  equal to the  excess of (A)  sixty-five  percent  of the
Executive's  highest  five-year average annual  compensation,  as defined in the
defined benefit retirement plan provided by the Association through the Pentegra
Group in White Plains,  New York (the "Qualified  Plan"),  but without regard to
the limitations  imposed by Section  401(a)(17) of the Internal  Revenue Code of
1986, as amended,  reduced by (B) the Executive's  annualized monthly retirement
benefit  payable under the Qualified  Plan under the normal form of benefit,  as
defined as of September 30, 1997,  under the Qualified  Plan,  such form being a
10-year certain and continuous annuity.

2.02  Lump Sum Form of  Payment.  In lieu of the form of  benefits  provided  in
Section 2.01 above, the Executive shall be paid the benefit described in Section
2.01  above in the form of a lump sum  form of  payment.  Such  lump sum form of
payment shall be the actuarial equivalent,  using the actuarial assumptions that
are used for the Qualified Plan on the date on which the Executive's  employment
terminates,  of the payment  provided for in such Section 2.01, or, in the event
that the Qualified Plan terminates prior to such date, such reasonable actuarial
assumptions as the Association shall determine.  Notwithstanding  the foregoing,
the  Executive  may elect the  10-year  certain and  continuous  form of payment
described  in Section  2.01.  In the event that the  Executive  shall  elect the
10-year certain and continuous form of payment, such election shall be effective
only if made at least  two years  prior to the date on which  the first  payment
pursuant to Section 2.01 above becomes payable.

                                  ARTICLE THREE

3.01 Death of Executive. If the employment of the Executive with the Association
terminates  on  account of the death of the  Executive,  his  beneficiaries,  as
provided  in Section  3.04,  shall be  entitled  to  receive a death  benefit as
provided herein.

3.02 Death Prior to Commencement of Benefits. If the Executive dies prior to the
payment of any benefit provided  hereunder,  his beneficiaries shall be entitled
to a lump sum death  benefit  equal to the  actuarial  equivalent of 120 monthly
benefit payments, as determined and payable under Section 2.01 herein, as though
the Executive 's benefit had commenced as of the first day of the month in which
he died. If the Executive elects,  prior to death, the death benefit may be paid
in the form of  installments  over a period of ten years,  equivalent  to amount
that would be paid under the 10-year  certain and continuous  form of benefit if
the Executive lived for ten years, as set forth in Section 2.01.


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3.03 Death After  Commencement  of  Payments.  In the event that the  Executive,
prior to his death and after the  commencement  of the  payment of his  benefits
hereunder,  shall not have  received  his  benefit in the form of a lump sum and
shall have elected  instead to have  received his benefit as provided in Section
2.01 in the form of a 10-year  certain and  continuous  annuity and he shall die
prior to his  receipt of 120  monthly  installment  payments  under such form of
benefit, then his beneficiaries,  as provided in Section 3.04, shall be entitled
to receive the remainder of his monthly  installment  payments  until a total of
120 payments shall have been made hereunder.  In addition, the Executive,  prior
to his death,  shall be entitled to elect that the remainder of such 120 monthly
installment  payments shall be made to his  beneficiaries  in the form of a lump
sum.

3.04 Beneficiaries.  The Executive's  beneficiary shall be his surviving spouse.
If the  Executive has no surviving  spouse,  or if such spouse dies prior to the
termination  of such period during which  benefits  hereunder are payable,  then
said  payments,  or the  balance  thereof,  shall be paid in equal  parts to the
Executive's  children  living at the time a payment is due;  provided,  however,
that if any child of the Executive  shall not be living at the time a payment is
due to be paid to such child but shall have died  leaving  issue  living at such
time, such issue shall take in equal share per stirpes the share that such child
would  have  taken if he of she had been  living  at such  time.  If at the time
payment  is due there are no such  surviving  spouse,  children  or issue,  said
payments shall terminate.

                                  ARTICLE FOUR

4.01 Payment  Obligations  Absolute.  The  Association's  obligations to pay the
Executive any amounts provided for hereunder shall be absolute and unconditional
and shall not be affected by any circumstances,  including,  without limitation,
any  set-off,  counterclaim,  recoupment,  defense  or other  right to which the
Association  may have  against  him.  All  amounts  payable  by the  Association
hereunder shall be paid without notice or demand.  Except as expressly  provided
herein,  and to the  extent  allowed  by law or  applicable  regulations  of any
governmental  entity, the Association waives all rights which it may now have or
may  hereafter  have  conferred  upon it, by statue or otherwise,  to amend,  to
terminate,  cancel or rescind this Agreement in whole or in part. Each and every
payment made  hereunder by the  Association  shall be final and the  Association
shall not seek to recover all or any part of such payment from the  Executive of
from whomsoever may be entitled thereto, for any reason whatsoever.

4.02 Alienability. Neither the Executive nor the Executive's surviving spouse or
issue,  shall  have  any  power  or  right  to  transfer,   assign,  anticipate,
hypothecate,  mortgage, commute, modify, or otherwise encumber in advance any of
the  benefits  payable  hereunder,  nor shall any said  benefits  be  subject to
seizure  for  any  payment  of  any  debts,   judgments,   alimony  or  separate
maintenance,  owed by the  Executive or his  beneficiary  or any of them,  or be
transferable by operation of law in the event that this Agreement shall inure to
the  benefit  of and  be  enforceable  by  the  Executive's  personal  or  legal
representatives,   executors,  administrators,  heirs,  distributees,  devisees,
legatees, or beneficiaries.


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4.03 Tax  Adjustment.  The amount of payments  provided for under this Agreement
shall be increased to the extent  necessary to pay (i) any excise tax imposed by
Section 4999 of the Internal  Revenue code of 1986, as amended (the "Code"),  on
the  payments  and benefits  provided  for by this  Agreement  and (ii) any such
excise tax and any other  federal,  state,  local  income  taxes  imposed on the
payments  provided for by this Section 4.03.  The  Association  shall pay to the
Executive  the  payments  provided for by this Section 4.03 as soon as practical
following the determination of counsel referred to below. If any such excise tax
is imposed as a result of the  combination  of payments or benefits not provided
under  this  agreement,  then in  calculating  the amount of  payments  required
pursuant to this  Section  4.03,  the excise tax shall be treated as first being
imposed as a result of payments  and  benefits  provided  under this  Agreement,
including the payments  provided for by this Section 4.03.  Counsel  selected by
the  Executive and  reasonably  acceptable to the  Association  shall  determine
whether the increase  provided  for by this Section 4.03 shall be required.  All
determinations  of such  counsel  shall be  binding on the  Association  and the
Executive.  Such counsel shall  determine  that payments shall be increased only
if, and to the extent  that,  it is more  likely  than not that the  payments or
benefits  provided or under this Agreement are subject to the excise tax imposed
by  Section  4999  of  the  Code  and  any  other  excise  tax.  In  making  the
determinations  required by this Section 4.03, such counsel may rely on benefits
consultants,  accountants or other experts. The Association hereby agrees to pay
all  reasonable  fees and expenses of such  counsel and other  experts and shall
indemnify  and hold such  counsel and other  experts  harmless  from any and all
cost, expense,  liability or damage arising out of any reasonable  determination
pursuant to this Section 4.03. If, subsequent to any  determination  pursuant to
this Section 4.03,  such counsel  reasonably  determines  that the amount of the
payments  paid  pursuant to this  Section 4.03 are  greater,  or less,  than the
amount  which  should  have  been  paid,  the  Executive   shall  reimburse  the
Association an amount,  or the Association shall pay the Executive an additional
amount,  respectively,  based upon such  determination  (including  interest  if
appropriate),

                                  ARTICLE FIVE

5.01 Entire  Agreement;  Participation  in Other Plans.  Except as  specifically
provided for herein, this Agreement supersedes any and all other oral or written
agreements heretofore made relating to the subject matter hereof and constitutes
the entire  agreement  of the parties  relating to the  subject  matter  hereof;
provided, that, except as specifically provided herein, this Agreement shall not
be  construed  to  alter,  abridge,  or in any  manner  affect  the  rights  and
privileges  of the  Executive to  participate  in and be covered by any pension,
profit-sharing,  group  insurance,  bonus  or other  employee  plans  which  the
Association may now or hereafter maintain.

                                   ARTICLE SIX

6.01  Funding.  The  Association  shall  establish  a grantor  trust to fund its
obligations  under this Agreement,  which trust shall prohibit the return of any
assets to the Association until the obligations to the Executive  hereunder have
been fully paid and satisfied, but the assets of which trust shall be subject to
the claims of the creditors of the Association in the event of the insolvency of
the Association.

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Any  asset of such a grantor  trust  shall  not in any way be  considered  to be
security  for the  performance  of the  obligations  of this  Agreement.  If the
Association  purchases  a life  insurance  or annuity  policy on the life of the
Executive,  he agrees to sign any papers that may be required  for that  purpose
and to undergo any medical  examination or tests which may be necessary,  and to
generally cooperate with the Association in securing such policy.

                                  ARTICLE SEVEN

7.01 Reorganization. The Association shall require any successor (whether direct
or indirect, by purchase,  merger,  consolidation,  liquidation or otherwise) to
all or  substantially  all of the business and/or assets of the Company to agree
to assume all of the obligations of the Association under this Agreement upon or
prior to such  succession  taking place. A copy of such assumption and agreement
shall  be  delivered  to the  Executive  promptly  after  its  execution  by the
successor.  Failure of the Association to obtain such agreement upon or prior to
any such  succession  shall be a breach of this  Agreement.  Such  breach  shall
entitle the  Executive  to receive the  payments  described  in Articles TWO and
THREE herein, in such amounts and at such times as provided in such Articles, as
if the Executive's  employment had been  terminated by the  Association  without
cause on the date on which such  succession  occurs.  As used in this Agreement,
"Association"  shall  mean  the  Association  as  hereinbefore  defined  and any
successor to is business and/or assets, as aforesaid.

                                  ARTICLE EIGHT

8.01 Association.  As used in this Agreement,  Association shall mean Wyman Park
Federal Savings and Loan  Association,  whether in mutual or stock form, and any
affiliated  entity,  successor  organization,   parent,  subsidiary  or  holding
company.

                                  ARTICLE NINTH

9.01 Communications.  Any notice or communication  required of either party with
respect to this  Agreement  shall be made in writing and may either be delivered
personally or sent by first class mail, as the case may be:

         To the Association:

         Wyman Park Federal Savings
             and Loan Association
         11 West Ridgely Road
         Lutherville, Maryland  21093

         To the Executive:

         Mr. Ernest Moretti
         14 Bramble Lane

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         Churchville, Maryland  21028

     Each party  shall  have the right by written  notice to change the place to
which any notice may be addressed.

                                   ARTICLE TEN

10.01    Arbitration of Disputes.

(i) Any disagreement,  dispute,  controversy or claim arising out of or relating
to this  Agreement  or the  interpretation  or validity  hereof shall be settled
exclusively and finally by arbitration. It is specifically understood and agreed
that any  disagreement,  dispute or controversy which cannot be resolved between
the  parties,   including   without   limitation  any  matter  relating  to  the
interpretation of this Agreement,  may be submitted to arbitration  irrespective
of  the  magnitude   thereof,   the  amount  in   controversy  or  whether  such
disagreement,  dispute or controversy would otherwise be considered  justiciable
or ripe for resolution by court or arbitral tribunal.  Either party may petition
the  appropriate  court in the State of  Maryland  for an order  compelling  the
submission of the  controversy or dispute to arbitration in accordance  with the
rules of the  American  Arbitration  Association,  and that any award or finding
made pursuant to such arbitration  shall in all respects be well and fairly kept
and  observed  and may be imposed by  judgment of the  appropriate  court of the
State of Maryland pursuant to the applicable laws relating thereto,  the parties
expressly  agreeing that Sections  3-201 through 3- 234 of Subtitle 2 of Title 3
of the Courts and Judicial Proceedings Article of the Annotated Code of Maryland
(Maryland Uniform Arbitration Act) shall apply and be applicable hereto.

(ii) The  arbitration  shall be  conducted  in  accordance  with the  Commercial
Arbitration  Rules  (the  "Arbitration   Rules")  of  the  American  Arbitration
Association (the "AAA").

(iii) The arbitral tribunal shall consist of one arbitrator.  The parties to the
arbitration  jointly shall directly  appoint such  arbitrator  within 30 days of
initiation  of the  arbitration.  If the  parties  shall  fail to  appoint  such
arbitrator as provided above,  such arbitrator  shall be appointed by the AAA as
provided in the  Arbitration  Rules and shall be a person who (a)  maintains his
principal place of business within 30 miles of the City of Baltimore,  Maryland,
and (b)  has  had  substantial  experience  in  mergers  and  acquisitions.  The
Association shall pay all of the fees, if any, and expenses of such arbitrator.

(iv)  The  arbitration  shall  be  conducted  within  30  miles  of the  City of
Baltimore,  Maryland,  or in such other city in the United  States of America as
the parties to the dispute may designate by mutual written consent.

(v) At any oral hearing of evidence in  connection  with the  arbitration,  each
party  thereto or its legal  counsel shall have the right to examine its witness
and to  cross-examine  the witnesses of any opposing  party.  No evidence of any
witness shall be presented  unless the opposing  party or parties shall have the
opportunity to cross-examine such witness,  except as the parties to the dispute
otherwise agree

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in writing or except under extraordinary circumstances where the interest of the
justice require a different procedure.

(vi) Any decision or award of the arbitral  tribunal  shall be final and binding
upon the parties to the arbitration proceeding.  The parties hereto hereby waive
to the extent  permitted  by law any rights to appeal or to seek  review of such
award by any court or tribunal. The parties hereto agree that the arbitral award
may be  enforced  against  the parties to the  arbitration  proceeding  or their
assets wherever they may be found and that a judgment upon the arbitral ward may
be entered by any court having jurisdiction.

(vii) Nothing herein contained shall be deemed to give the arbitral tribunal any
authority,  power, or right to alter, change, amend, modify, add to, or subtract
from any of the provisions of this Agreement.

                                ARTICLE ELEVENTH

11.01  Amendment.  No  provisions of this  Agreement may be modified,  waived or
discharged  unless  such  modification,  waiver or  discharge  is agreed to in a
writing  signed  by  the  Executive  and  an  authorized  representative  of the
Association.  Waiver by any party of any beach of, or failure to comply with any
provisions  of, this  Agreement by the other party shall not be construed as, or
constitute,  a  continuing  waiver of such  provision,  or a waiver or any other
breach of, or failure to comply with, any other provision of this Agreement.

11.02 Choice of Law. The terms and  conditions of this  Agreement are subject to
the laws of the State of Maryland.

11.03  Severability.  If any  terms  or  provisions  of  this  Agreement  or the
application  thereof  to any  person  or  circumstances  shall to any  extent be
invalid or unenforceable,  the remainder of this Agreement or the application of
such terms or  provisions  to persons  or  circumstances  other than those as to
which it is held invalid or  unenforceable  shall not be affected  thereby,  and
each term and provision of this Agreement  shall be valid and enforceable to the
fullest extent permitted by law.

11.04  Headings.  The headings in the Agreement are inserted for  convenience of
reference only and shall not be part of or control or affect the meaning of this
Agreement.

11.05 Counterparts. This Agreement may be executed in several counterparts, each
of which shall be deemed an original.

11.06  Payroll and  Withholding  Taxes.  The  Association  may withhold from any
amounts payable

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to the  Executive  hereunder  all federal,  state,  city or other taxes that the
Association may reasonably determine are required to be withheld pursuant to any
applicable law or regulation.


     IN WITNESS  WHEREOF,  the  Association has caused this Agreement to be duly
executed by its duly authorized  officers and Executive  Committee members,  and
its  corporate  seal  affixed,  and the  Executive  has hereunto set his hand at
Lutherville, Maryland, as of the day and year first above written.

                                            WYMAN PARK FEDERAL
                                            SAVINGS AND LOAN
                                            ASSOCIATION
ATTEST:


                                            /s/ Ronald W. Robinson            
                                            ----------------------------------
                                            Ronald W. Robinson, Treasurer
/s/ Charmaine Snyder            
---------------------------------
Charmaine Snyder, Secretary






                                            EXECUTIVE

WITNESS:

                                            /s/ Ernest A. Moretti   
                                            ----------------------------------
                                            Ernest A. Moretti

/s/ Charmaine Snyder      
---------------------------------


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