Exhibit 10.3

                     CHANGE IN CONTROL SEVERANCE AGREEMENT
                        SIMSBURY BANK AND TRUST COMPANY

     This Agreement is made and entered into, effective as of the 2nd day of
November, 2010, by and between Simsbury Bank & Trust Company, a state bank and
trust company with its principal office and place of business at 981 Hopmeadow
Street, Simsbury, Connecticut 06070 ("Bank") and Michael T. Sheahan, a resident
of Wolcott, Connecticut ("Executive").

                              W I T N E S S E T H:

     WHEREAS, Executive is employed by Bank as Senior Vice President - Mortgage
and Consumer Lending Department;

     WHEREAS, the Board of Directors of Bank considers it to be in the best
interests of Bank and the stockholders of Bank to foster the continued
employment of Executive in the event of a Potential Change-in-Control (as
hereinafter defined), although no specific such event is now contemplated or
foreseen;

     WHEREAS, Bank desires to assure Executive of what it considers to be fair
and reasonable terms in the event of a Change-in-Control (as hereinafter
defined), and Executive so agrees;

     NOW THEREFORE, in consideration of the promises and mutual covenants herein
contained, the parties hereto, intending to be legally bound, do hereby mutually
covenant and agree as follows:

     1.     Term of Agreement.
            ------------------

            (a)    Generally. Except as provided in Section 1(b) hereof, (i)
this Agreement shall be effective as of the date and year first above written,
and shall continue in effect through December 31, 2010, and (ii) commencing on
January 1, 2011, and each January 1 thereafter, this Agreement shall be
automatically extended for one additional year unless, not later than September
30th of the preceding year, either party to this Agreement gives written notice
to the other that the Agreement shall not be extended under this Section 1(a);
provided, however, that no such notice by Bank shall be effective if prior to
the date of such notice (i) a "Potential Change in Control" shall have occurred
and the event giving rise thereto has not been terminated, abandoned or
rescinded, or (ii) a "Change in Control" shall have occurred.

            (b)    Upon a Change in Control. If a Change in Control shall have
occurred at any time during the period in which this Agreement is effective,
this Agreement shall continue in effect for (i) the remainder of the month in
which the Change in Control occurred and (ii) a term of 12 months beyond the
month in which such Change in Control occurred (such entire period hereinafter
referred to as the "Protected Period"). Note that in certain circumstances
defined and set forth below, provisions of this Agreement shall survive for
longer than the period described above.

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     2.     Definitions.
            ------------

            For purposes of this Agreement, the following terms shall have the
following meanings:

            (a)    A "Change in Control" shall be deemed to have occurred if,
during the term of this Agreement:

                   (i)    any Person directly or indirectly or acting through
one or more other Persons first acquires ownership, control, or power to vote
25% or more of the voting common stock of Bank or a Controlling Person; or

                   (ii)   any Person acquires or agrees to acquire all or
substantially all of the assets and business of Bank or a Controlling Person; or

                   (iii)  any Person (A) is a party to a merger, consolidation,
or any other form of reorganization having substantially the same effect as a
merger or consolidation, with Bank or a Controlling Person and (B) immediately
prior to such transaction the Person had total assets as of the end of its most
recent fiscal year equal to or greater than 100% of the total assets of Bank or
the Controlling Person, as applicable, as of the end of its most recent fiscal
year; or

                   (iv)   during any period of twenty-four (24) consecutive
months, individuals who at the beginning of such period constitute the Board of
Directors of Bank cease for any reason to constitute a majority of such Board,
unless the election, or the nomination for election, of each new Director was
approved by a vote of at least two-thirds (2/3) of the Directors then still in
office who were Directors at the beginning of such period; or

                   (v)    the Board of Directors of Bank, by vote of a majority
of all the Directors (excluding Executive if Executive is a Director), adopts a
resolution to the effect that a "Change in Control" has occurred for purposes of
this Agreement.

            (b)    A "Potential Change in Control" shall be deemed to have
occurred if:

                   (i)    Bank or any Controlling Person enters into a letter of
intent, memorandum of understanding, or definitive agreement providing for, or
publicly announces that it is considering, one or more transactions, the
consummation of which would result in the occurrence of a Change in Control;

                   (ii)   any Person (including Bank) publicly announces an
intention to take or to consider taking actions which if consummated would
constitute a Change in Control; or

                   (iii)  the Board adopts a resolution to the effect that, for
purposes of this Agreement, a Potential Change in Control has occurred.

            (c)    A "Person" shall include a natural person, corporation, or
other entity. When two or more persons act as a partnership, limited
partnership, syndicate, or other group for the purpose of acquiring, holding, or
disposing of Bank common stock, such partnership, syndicate, or group shall be
considered a Person. Beneficial ownership shall be determined under the then
current provisions of Securities Exchange Act Rule 13d-3; 17 C.F.R. ss.
240.13d-3.

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            (d)    A "Controlling Person" shall mean a Person who directly or
indirectly or acting through one or more other Persons owns, controls or has
power to vote 50% or more of the voting common stock of Bank.

            (e)    Notwithstanding the definitions contained in Section 2
hereof, the formation by Bank of a bank holding company that is approved by the
Board and the shareholders of Bank shall not in and of itself constitute either
a Change in Control or a Potential Change in Control.

     3.     Duties Upon Potential Change-in-Control.
            ----------------------------------------

            In the event that a Potential Change-in-Control shall occur while
Executive is employed by Bank, Executive agrees to remain in the employ of Bank,
and in such event Bank agrees to continue to employ Executive in the offices
then held by Executive with Bank and on the terms of employment then in effect
until the earlier to occur of the following:  (i) the event giving rise to the
Potential Change-in-Control shall have been abandoned or terminated; (ii) a
Change-in-Control occurs; or (iii) the Board of Directors of Bank shall
determine by vote of at least two-thirds (2/3) of all the Directors (excluding
Executive if Executive is a Director) that Executive's obligations under this
Section 3 shall cease.  During the period covered by the preceding sentence,
Executive shall render, to the best of Executive's ability, such services as
shall be required of Executive in order to explore and pursue fully the
Potential Change-in-Control in accordance with directions, policies and
determinations from time to time made by the Board of Directors of Bank and
communicated to Executive.  During said period, Executive shall use reasonable
best efforts to fulfill Executive's responsibilities to Bank in the interests of
Bank and the shareholders of Bank and as reasonably requested of Executive for
such purposes.  The employment of Executive pursuant to the first sentence of
this Section 3 may be terminated, without breach of this Agreement, either by
Bank for Cause, Disability or Material Breach, or by Executive for Good Reason
(as such terms are defined in Section 4(f) below).

     4.     Termination.
            ------------

            (a)    Termination by Bank for Cause, by Executive Without Good
Reason, or by Reason of Death, Disability or Retirement. If during the Protected
Period Executive's employment by Bank is terminated by Bank for Cause, by
Executive without Good Reason, or because of Executive's death, Disability or
voluntary Retirement, Bank shall not be obligated to make any payments to
Executive by reason of this Agreement other than (i) payment of amounts
otherwise accrued and owing but not yet paid and (ii) any amounts payable under
then-existing employee benefit programs at the time such amounts are due.

            (b)     Termination by Bank Without Cause or by Executive for Good
Reason. If during the Protected Period Executive's employment by Bank is
terminated by Bank without Cause or by Executive for Good Reason, subject to the
provisions of Section 6 hereof, Executive shall be entitled to the compensation
and benefits described in this Section 4(b). If Executive's employment by Bank
is terminated prior to a Change in Control at the request of a Person engaging
in a transaction or series of transactions that would result in a Change in
Control, the Protected Period shall commence upon the subsequent occurrence of a
Change in Control, Executive's actual termination shall be deemed a termination
occurring during the Protected Period and covered by this Section 4(b),
Executive's Date of Termination shall be deemed to have occurred immediately
following the Change in Control, and Notice of Termination shall be deemed to
have been given by Bank immediately prior to Executive's actual termination.
Executive's continued employment shall not constitute consent to, or a waiver of
rights with respect to, any circumstances constituting Good Reason hereunder.

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     The compensation and benefits provided under this Section 4(b) are as
follows:

                   (i)    Bank shall pay Executive's full base salary through
the Date of Termination at the rate in effect at the time Notice of Termination
is given, no later than the fifth day following the Date of Termination, and
Executive shall receive all other vested amounts to which Executive is entitled
under any benefit plan of Bank, at the time such payments are due under the
terms of such benefit plan of Bank.

                   (ii)   At the time specified in Section 4(d) hereof, Bank
shall pay to Executive, in lieu of amounts which may otherwise be payable to
Executive under any bonus plan for the year in which the Date of Termination
occurs, an amount in cash equal to Executive's annual target bonus that would be
payable in cash for such year, multiplied by a fraction, (A) the numerator of
which equals the number of days in such annual performance period during which
Executive was employed by Bank and (B) the denominator of which is 365.

                   (iii)  At the time specified in Section 4(d) hereof, Bank
shall pay Executive, in lieu of any further salary, bonus or severance payments
under the Bank's Severance Plan or otherwise for periods subsequent to the Date
of Termination, a lump sum amount in cash equal to two times the sum of:

                          (A)    the greater of (I) Executive's annual base
salary in effect immediately prior to the Change in Control of Bank or (II)
Executive's annual base salary in effect at the time Notice of Termination is
given; and

                          (B)    the greater of (I) Executive's annual target
bonus for the year in which the Change in Control occurs or, (II) if no such
target bonus has yet been determined for such year, Executive's annual target
bonus actually earned by Executive in the year immediately preceding the year in
which the Change in Control occurs.

                   (iv)   Stock options or restricted stock held by Executive at
the time of Executive's termination, the vesting of which is service based, if
not then vested and exercisable, will become fully vested and exercisable at the
date of such termination notwithstanding anything to the contrary set forth in
the plans and programs and the agreements and other documents pursuant to which
such options or restricted stock were granted, and, in all other respects
(including the period following termination during which such options may be
exercised), such options or restricted stock shall be governed by the plans and
programs and the agreements and other documents pursuant to which such options
or restricted stock were granted.

                   (v)    Any performance objectives upon which the earning of
performance-based restricted stock or deferred stock awards, including
outstanding stock plan awards, and other long-term incentive awards are
conditioned shall be deemed to have been met at target level at the date of
termination, and restricted stock and deferred stock awards, including
outstanding stock plan awards, and other long-term incentive awards (to the
extent then or previously earned, in the case of performance-based awards) shall
become fully vested and non-forfeitable at the date of such termination
notwithstanding anything to the contrary set forth in the plans and programs and
the agreements and other documents pursuant to which such awards were granted,
and, in all other respects, such awards shall be governed by the plans and
programs and the agreements and other documents pursuant to which such awards
were granted.

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<PAGE>
                   (vi)   For the 24 consecutive month period immediately
following Executive's termination of employment, Bank shall arrange to provide
Executive with health insurance benefits no less favorable than those which
Executive was receiving immediately prior to the Notice of Termination. If
Executive elects after termination of employment continued coverage under Bank's
health plan in accordance with the applicable provisions of the Consolidated
Omnibus Budget Reconciliation Act of 1985 ("COBRA"), then Executive shall
continue to receive such individual and/or family health benefits coverage as
Executive was receiving at the time of termination of employment with Bank with
Executive paying the same portion of the cost of such coverage as existed at the
time of Executive's termination of employment, for so long during the
continuation period as Executive elects to continue coverage and pays
Executive's portion of the costs of coverage.

                   (vii)  At the time specified in Section 4(d) hereof, an
amount equal to the aggregate amounts that Bank would have contributed on behalf
of Executive under Bank's 401(k) Plan, or similar qualified plan if any such
plan shall be in effect, for a 24-month period following Executive's termination
of employment (plus a fixed earnings rate of 7% thereon) had Executive continued
in the employ of Bank until the end of said period and made contributions under
said plan at a rate, as a percentage of salary, equal to the rate at which
Executive had made contributions to said plan in the plan year immediately
preceding Executive's termination.

                   (viii) At the time specified in Section 4(d) hereof, access
to outplacement and job search services (including, but not limited to, office
and secretarial expenses), with a value not to exceed $10,000, provided that
such access shall apply only during the 24-month period following Executive's
termination of employment.

                   (ix)   Bank shall not be obligated to continue any disability
or disability income insurance or life insurance on behalf of Executive
following the date of Executive's termination of employment. To the extent
permitted under any contracts, programs or policies of such nature in effect at
the time of such termination, Executive may continue at Executive's sole cost
and expense coverage thereunder for a period of up to 24 months.

                   (x)    For a 24-month period following Executive's
termination of employment, to the extent permissible under the governing
arrangement, Executive shall continue to receive such perquisites, other than
those specified in the preceding subparagraphs above, as Executive was receiving
at the time of termination of employment with, to the extent applicable, the
same cost sharing with Bank as was in effect immediately prior to Executive's
termination of employment.

                   (xi)   Bank shall reimburse Executive for the amount of any
reasonable legal fees and expenses incurred by Executive in any successful
action (whether or not arbitration or litigation shall be involved) to obtain or
enforce any right or benefit provided to Executive by Bank hereunder or as
confirmed or acknowledged hereunder.

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            (c)    Section 280G Limit.  Notwithstanding any other provision of
this Agreement, in the event that any payment or benefit received or to be
received by Executive, whether payable pursuant to the terms of this Agreement
or any other plan, arrangement or agreement with Bank, its successors, or any
person affiliated with Bank ("Affiliate") within the meaning of Section 1504 of
the Internal Revenue Code of 1986, as amended (the "Code") (collectively "Total
Payments") would, in the determination of the independent certified public
accounting firm then retained by Bank (the "Tax Advisor"), not be deductible (in
whole or in part) by Bank, an affiliate of Bank or other person making such
payment or providing such benefit as a result of Section 280G of the Code, or
any successor to such Section, payments and benefits pursuant to this Agreement
shall be reduced until no portion of the Total Payments is not deductible as a
result of Section 280G of the Code, or payments and benefits pursuant to this
Agreement are reduced to zero. At the time of Executive's termination, Bank
shall obtain an appraisal of the then current present value of the covenants by
Executive set forth in Sections 7 and 8 of this Agreement, an amount of the
total payments to be made to Executive under clause (ii) of Section 4(b) equal
to said amount shall be for all purposes treated as a payment to Executive in
consideration of such covenants and the remainder, if any, shall be treated as
supplemental wage payments to Executive. For purposes of the limitation
contained in this Section 4(c), (i) no portion of the Total Payments the receipt
of which Executive, in the determination of the Tax Advisor, shall have
effectively waived prior to the date which is fifteen (15) days following
termination of employment and prior to the earlier of the date of constructive
receipt and the date of payment thereof shall be taken into account; and (ii)
any reduction in the payments and benefits pursuant to Section 4(b) above shall
be made from the payments and benefits to be made pursuant to clauses (i)
through (xi) of Section 4(b) hereof, in such order as may be determined by
Executive, except to the extent that such payments and benefits, in the
determination of the Tax Advisor, are reasonable compensation within the meaning
of Section 280G of the Code. The determination of the Tax Advisor as to the
deductibility of the Total Payments shall be completed not later than forty-five
(45) days following Executive's termination of employment, and such
determination shall be communicated in writing to Bank, with a copy to
Executive, within said forty-five (45) day period. The determination of the Tax
Advisor as to the deductibility of the Total Payments shall be deemed conclusive
and binding on Bank and Executive and shall not be subject to the arbitration
provisions of this Agreement. Bank shall pay the fees and other costs of the Tax
Advisor hereunder. In the event that the independent certified public accounting
firm then retained by Bank is unable or declines to serve as Tax Advisor for
purposes of making the foregoing determinations, Bank shall appoint another
accounting firm of national reputation to serve as Tax Advisor.

            (d)    Time of Payment.  The payments provided for in clauses (ii),
(iii), (vii) and (viii) of Section 4(b) hereof shall be made not later than the
fifteenth day following the Date of Termination; provided, however, that if the
amount of such payments cannot be finally determined on or before such day, Bank
shall pay to Executive on such day an estimate, as determined in good faith by
Bank, of the minimum amount of such payments and shall pay the remainder of such
payments (together with interest at the rate provided in Section 1274(b)(2)(B)
of the Code) as soon as the amount thereof can be determined but in no event
later than the thirtieth day after the Date of Termination. Notwithstanding the
above, the Bank may delay any payment provided for herein until a date no later
than the date that is six months following the Executive's termination of
employment, if, in the opinion of the Bank's certified public accountants, such
delay is necessary in order to avoid the imposition of an excise tax upon the
Executive under Section 409A of the Code. In all events, the Bank and the
Executive intend that this Agreement shall be complaint with, and payments shall
be made in accordance with, Section 409A of the Code, and this Agreement is to
be interpreted accordingly. Reimbursement amounts will be paid within the time
frame set forth in Treas. Reg. ss. 1.409A-3(i)(1)(iv)(A).

            (e)    Notice.  During the Protected Period, any purported
termination of Executive's employment by Bank or by Executive shall be
communicated by written Notice of Termination to the other party hereto.

            (f)    Certain Definitions.  Except as otherwise indicated in this
Agreement, all definitions in this Section 4(f) shall be applicable during the
Protected Period.

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                   (i)    Disability.  "Disability" shall mean Executive's
absence from the full-time performance of Executive's duties with Bank for six
consecutive months as a result of Executive's incapacity due to physical or
mental illness or disability, and within 30 days after written Notice of
Termination is thereafter given Executive shall not have returned to the
full-time performance of Executive's duties.

                   (ii)   Cause.  "Cause" shall mean termination on account of
(A) the willful and continued failure by Executive to substantially perform
Executive's duties with Bank (other than any such failure resulting from
Executive's incapacity due to physical or mental illness or Disability or any
failure after the issuance of a Notice of Termination by Executive for Good
Reason) which failure is demonstrably and materially damaging to the financial
condition or reputation of Bank and/or its affiliates, and which failure
continues more than 48 hours after a written demand for substantial performance
is delivered to Executive by the Board, which demand specifically identifies the
manner in which the Board believes that Executive has not substantially
performed Executive's duties or (B) the willful engaging by Executive in conduct
which is demonstrably and materially injurious to Bank or its affiliates,
monetarily or otherwise. No act, or failure to act, on Executive's part shall be
deemed "willful" unless done, or omitted to be done, by Executive not in good
faith and without reasonable belief that Executive's action or omission was in
the best interest of Bank. Notwithstanding the foregoing, Executive shall not be
deemed to have been terminated for Cause unless and until there shall have been
delivered to Executive a copy of the resolution duly adopted by the affirmative
vote of not less than three-quarters (3/4) of the entire membership of the Board
at a meeting of the Board (after reasonable notice to Executive and an
opportunity for Executive, together with Executive's counsel, to be heard before
the Board) finding that, in the good faith opinion of the Board, Executive was
guilty of conduct set forth above in this Section 4(f)(ii) and specifying the
particulars thereof in detail.

                   (iii)  Good Reason.  "Good Reason" shall mean, without
Executive's express written consent, the occurrence upon or within two years
after a Change in Control of any of the following circumstances. The Executive
must give written notice to the Company of the Good Reason condition within 90
days of the initial existence of such condition, and the Company will be
afforded the right to fully cure the condition within 30 days following receipt
of such notice:

                          (A)    the assignment to Executive of any material
duties inconsistent with the position in Bank that Executive held immediately
prior to the Change in Control, or a material adverse alteration in the nature
or status of Executive's responsibilities or the conditions of Executive's
employment from those in effect immediately prior to such Change in Control
(excluding inadvertent actions that are promptly remedied);

                          (B)    a material reduction in Executive's annual base
salary as in effect immediately prior to the Change in Control;

                          (C)    a material reduction in Executive's perquisites
as in effect immediately prior to the Change in Control as the same may be
increased from time to time except for across-the-board perquisite reductions
similarly affecting all senior executives of Bank and all senior executives of
any Person in control of Bank;

                          (D)    the relocation of the principal place of
Executive's employment to a location more than 50 miles from Executive's
principal place of employment immediately prior to the Change in Control;

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                          (E)    the failure by Bank to pay to Executive any
portion of Executive's compensation or to pay to Executive any portion of an
installment of deferred compensation under any deferred compensation program of
Bank within seven days of the date such compensation is due;

                          (F)    the failure by Bank to continue in effect any
material compensation or benefit plan in which Executive participated
immediately prior to the Change in Control, unless an equitable arrangement
(embodied in an ongoing substitute or alternative plan) has been made with
respect to such plan, or the failure by Bank to continue Executive's
participation therein (or in such substitute or alternative plan) on a basis not
materially less favorable, both in terms of the amounts of benefits provided and
the level of Executive's participation relative to other participants, as
existed at the time of the Change in Control;

                          (G)    the failure of Bank to obtain a satisfactory
agreement from any successor to assume and agree to perform this Agreement, as
contemplated in Section 11 hereof; or

                          (H)    any purported termination of Executive's
employment that is not effected pursuant to a Notice of Termination satisfying
the requirements of Section 4(f)(v) hereof, which purported termination shall
not be effective for purposes of this Agreement.

                   (iv)    Retirement. "Retirement" shall mean Executive's
voluntary retirement from Bank in accordance with the retirement policy of Bank,
including early retirement, generally applicable to its executives or in
accordance with any retirement arrangement with respect to Executive established
by the Board with the consent of Executive.

                   (v)     Notice of Termination.  "Notice of Termination" shall
mean notice indicating the specific termination provision in this Agreement
relied upon and setting forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of Executive's employment under the
provision so indicated.

                   (vi)    Date of Termination.  "Date of Termination" shall
mean (A) if Executive's employment is terminated for Disability, 30 days after
Notice of Termination is given (provided that Executive shall not have returned
to the full-time performance of Executive's duties during such 30-day period) or
(B) if Executive's employment is terminated for any other reason, the date
specified in the Notice of Termination (which, in the case of a termination for
Cause, shall not be less than 30 days from the date such Notice of Termination
is given and, in the case of a termination for Good Reason, shall not be less
than 30 nor more than 60 days from the date such Notice of Termination is
given). In all cases, however, the Date of Termination shall be determined in a
manner consistent with the "separation from service" rules in effect under
Section 409A of the Code.

     5.     Mitigation.
            -----------

            So long as Executive shall not be in breach of any provisions of
Sections 7 or 8, Executive shall not be required to mitigate the amount of
payment provided for under this Agreement by seeking other employment or
otherwise, nor shall the amount of payment or benefit provided for under this
Agreement be reduced by any compensation earned by Executive as the result of
employment by another employer, by retirement benefits, by offset against any
amount claimed to be owed by Executive to Bank, or otherwise.

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     6.     Release.
            --------

            As a condition of receiving payments or benefits provided for in
this Agreement, at the request of Bank, or its successor, Executive shall
execute and deliver for the benefit of Bank and any Controlling Person, a
general release in substantially the form set forth in Attachment A hereto, and
such release shall become effective in accordance with its terms. The failure or
refusal of Executive to sign such a release or the revocation of such a release
shall cause the termination of any and all obligations of Bank to make payments
or provide benefits hereunder, and the forfeiture of Executive's right to
receive any such payments and benefits, and will not absolve the Executive from
his or her obligations hereunder. Executive acknowledges that Bank has advised
Executive to consult with an attorney prior to signing this Agreement and that
Executive has had an opportunity to do so. If any payments hereunder are
conditioned upon the Executive's execution of a general release, and if the
period for consideration and revocation of the general release spans two of the
Executive's tax years, then the payment or payments at issue will be paid upon
the later of (i) the end of the revocation period (assuming no revocation is
made), or (ii) the first pay period occurring in the second tax year.

     7.     Confidential Information.
            -------------------------

            Executive understand that in the course of Executive's employment by
Bank, Executive will receive or have access to confidential information
concerning the business or purposes of Bank which Bank desires to protect.  Such
confidential information shall be deemed to include, but not be limited to,
Bank's customer lists and information, and employee lists, including, if known,
personnel information and data.  Executive agrees that Executive will not, at
any time during the period ending two years after the Date of Termination,
reveal to anyone outside Bank or use for Executive's own benefit any such
information without specific written authorization by Bank.  Executive further
agrees not to use any such confidential information or trade secrets in
competing with Bank at any time.

     8.     Non-Competition and Non-Disclosure; Non-Disparagement; Certain
            Forfeitures.
            --------------------------------------------------------------

            (a)    Non-Competition.  In consideration for the compensation and
benefits provided under this Agreement, without the consent in writing of the
Board of Bank, Executive will not, at any time during the term of this Agreement
and for a period of two years following Executive's termination of employment
during the Protected Period, acting alone or in conjunction with others,
directly or indirectly (i) engage (either as owner, investor, partner,
stockholder, employer, employee, consultant, advisor, or director) in any
business of any bank, bank holding company, savings bank, savings and loan
association, savings and loan holding company, or other institution engaged in
the business of accepting deposits or making loans, or any direct or indirect
subsidiary or affiliate of any such entity, that maintains an office in any town
in which Bank maintains an office as of Executive's date of termination or in
any town in which Bank had plans to open an office within six months after
Executive's date of termination; (ii) induce any customers of Bank or any of its
affiliates with whom Executive had contacts or relationships, directly or
indirectly, during and within the scope of Executive's employment with Bank, to
curtail or cancel their business with Bank or any such affiliate; (iii) induce
or attempt to influence any employee of Bank or any affiliate to terminate
employment; or (iv) solicit, hire or retain as an employee or independent
contractor, or assist any third party in the solicitation, hire, or retention as
an employee or independent contractor, any person who during the previous twelve
months was an employee of Bank or any such affiliate; provided, however, that
activities engaged in by or on behalf of Bank are not restricted by this
covenant. The provisions of clauses (i), (ii), (iii), and (iv) above are
separate and distinct commitments, each independent of the other subparagraphs.
It is agreed that the ownership of not more than one percent (1%) of the equity
securities of any company having securities listed on an exchange or regularly
traded in the over-the-counter market shall not, of itself, be deemed
inconsistent with clause (i) of this Section 8(a).

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            (b)    Non-Disparagement.  Executive shall not, at any time during
the term of this Agreement or thereafter, make statements or representations, or
otherwise communicate, directly or indirectly, in writing, orally, or otherwise,
or take any action which may, directly or indirectly, disparage Bank or any of
its affiliates or their respective officers, directors, employees, advisors,
businesses or reputations. Notwithstanding the foregoing, nothing in this
Agreement shall preclude Executive from making truthful statements that are
required by applicable law, regulation or legal process.

            (c)    Injunction.  Executive hereby acknowledges that Executive's
services are unique and extraordinary, and are not readily replaceable, and
hereby expressly agrees that Bank, in enforcing the covenants contained in
Sections 7 and 8 herein, in addition to any other remedies provided for herein
or otherwise available at law, shall be entitled in any court of equity having
jurisdiction to an injunction restraining him in the event of a breach, actual
or threatened, of the agreements and covenants contained in such Sections.

            (d)    Scope.  The parties hereto believe that the restrictive
covenants contained in Sections 7 and 8 hereof are reasonable. However, if at
any time it shall be determined by any court of competent jurisdiction that
these Sections or any portion of them as written, are unenforceable because the
restrictions are unreasonable, the parties hereto agree that such portions as
shall have been determined to be unreasonably restrictive shall thereupon be
deemed so amended as to make such restrictions reasonable in the determination
of such court, and the said covenants, as so modified, shall be enforceable
between the parties to the same extent as if such amendments had been made prior
to the date of any alleged breach of said covenants.

            (e)     Provision Not Applicable.  The provisions of this Section 8
shall not apply if Bank shall be prohibited under Section 14 below from making
any payments to Executive pursuant to Section 4(b) above.

     9.     Right of Discharge.
            -------------------

            Subject to the obligations to make the payments specified in Section
4(b), and subject to the obligations of Bank under any employment agreement that
may exist between Bank and Executive, it is expressly agreed that, except as set
forth in Section 3 above, Bank shall have the right to discharge or terminate
Executive at any time and for any reason, or no reason.

     10.    Exclusivity.
            ------------

            It is understood and agreed that if any payments are due and made to
Executive under this Agreement then no payments will be due or required, and
Bank shall not in any respect be obligated to Executive, under any severance pay
plan, agreement, or arrangement that might otherwise be applicable to Executive,
or under or by reason of any employment severance pay or similar agreement
between Bank and Executive, including without limitation the Executive Severance
Pay Agreement executed on the same date as this Agreement.

                                      -33-
<PAGE>
     11.    Successors; Binding Agreement.
            ------------------------------

            (a)    Bank shall require any successor (whether direct or indirect,
by purchase, merger, consolidation or otherwise) to all or substantially all of
the business and/or assets of Bank, and in the case of an acquisition of Bank in
which the corporate existence of Bank continues, the ultimate parent company
following such acquisition, to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that Bank would be required
to perform it if no such succession had taken place. As used in this Agreement,
"Bank" shall mean Bank as hereinbefore defined and any successor to its business
and/or assets as aforesaid which assumes and agrees to perform this Agreement by
operation of law, or otherwise.

            (b)    This Agreement shall inure to the benefit of and be
enforceable by Executive and Executive's personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees. In the event of Executive's death following becoming entitled to
payments hereunder but prior to completion of such payments, all amounts
otherwise payable to Executive hereunder shall, unless otherwise provided
herein, be paid in accordance with the terms of this Agreement to Executive's
devisee, legatee or other designee or, if there is no such designee, to
Executive's estate.

     12.    Notice.
            -------

            Notices and all other communications provided for in this Agreement
shall be in writing and shall be deemed to have been duly given when (a)
personally delivered, (b) sent by Federal Express or other similar overnight
service or (c) mailed by United States certified or registered mail, return
receipt requested, postage prepaid, addressed to the respective addresses set
forth below, or to such other address as either party may have furnished to the
other in writing in accordance herewith, except that notice of change of address
shall be effective only upon receipt.  In the case of Federal Express or other
similar overnight service, such notice or advice shall be effective when sent,
and, in the cases of certified or registered mail, shall be effective two days
after deposit into the mail by delivery to the U.S. Post Office.

            If to Executive, to:

            Michael T. Sheahan
            7 Carriage Hill Drive
            Wolcott, CT 06716

            If to Bank, to:

            Simsbury Bank & Trust Company
            981 Hopmeadow Street
            Simsbury, CT 06070
            Attn: President and Chief Executive Officer

     13.    Dispute Resolution.
            -------------------

            (a)    Negotiation.  Bank and Executive shall attempt in good faith
to resolve any dispute arising out of or relating to this Agreement promptly by
negotiation between the designated representative of the Board of Bank and
Executive. Any party may give the other party written notice of any dispute in
accordance with the notice procedures set forth in Section 12. Within 15 days
after delivery of the notice, the receiving party shall submit to the other, in
accordance with the notice procedures set forth in Section 12, a written
response. The notice and response shall include a statement of that party's
position and summary of arguments supporting that position. Within 30 days after
delivery of the initial notice, the parties shall meet at a mutually acceptable
time and place, and thereafter as often as they reasonably deem necessary, to
attempt to resolve the dispute. All negotiations pursuant to this clause are
confidential and shall be treated as compromise and settlement negotiations for
purposes of applicable rules of evidence.

                                      -34-
<PAGE>
            (b)    Mediation.  If the dispute has not been resolved by
negotiation as provided herein within 45 days after delivery of the initial
notice of negotiation, or if the parties failed to meet within 30 days after
delivery, the parties shall endeavor to settle the dispute by mediation under
the CPR Mediation Procedure then currently in effect; provided, however, that if
one party fails to participate in the negotiation as provided herein, the other
party may initiate mediation prior to the expiration of the 45 days. Unless
otherwise agreed, the parties will select a mediator from the CPR Panels of
Distinguished Neutrals.

            (c)    Arbitration.  Any dispute arising under or in connection with
this Agreement which has not been resolved by mediation as provided herein
within 45 days after initiation of the mediation procedure, shall be finally
resolved by arbitration in accordance with the CPR Rules for Non-Administered
Arbitration then currently in effect, by three independent and impartial
arbitrators, of whom each party shall designate one and the two so designated
shall designate the third; provided, however, that if one party fails to
participate in either the negotiation or mediation as agreed herein, the other
party may commence arbitration prior to the expiration of the time periods set
forth above. The arbitration shall be governed by the Federal Arbitration Act, 9
U.S.C. ss. 1-16, and judgment upon the award rendered by the arbitrators may be
entered by any court having jurisdiction thereof. The place of arbitration shall
be Hartford, Connecticut. For purposes of entering any judgment upon an award
rendered by the arbitrators, Bank and Executive hereby consent to the
jurisdiction of any or all of the following courts: (i) the United States
District Court for the District of Connecticut, (ii) any of the courts of the
State of Connecticut, or (iii) any other court having jurisdiction. Bank and
Executive hereby agree that a judgment upon an award rendered by the arbitrators
may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. Subject to subsection (e) of this Section 13, Bank shall
bear all costs and expenses arising in connection with any arbitration
proceeding pursuant to this Section 13(c). Notwithstanding any provision in this
Section 13(c), Executive shall be entitled to seek specific performance of
Executive's right to be paid during the pendency of any dispute or controversy
arising under or in connection with this Agreement.

            (d)    Interest on Unpaid Amounts.  Any amount which has become
payable pursuant to the terms of this Agreement or any decision by arbitrators
or judgment by a court of law pursuant to this Section 13 but which has not been
timely paid shall bear interest at the prime rate as quoted by Bank at the time
such amount first becomes payable.

            (e)    Costs of Proceedings.  Bank shall pay all costs and expenses,
including all attorneys' fees and disbursements, of Bank and, at least monthly,
Executive, in connection with any proceedings undertaken pursuant to this
Section 13, whether or not instituted by Bank, or Executive, relating to the
interpretation or enforcement of any provision of this Agreement; provided that
if Executive instituted the proceeding and a finding is entered that Executive
instituted the proceeding in bad faith, Executive shall pay all of Executive's
costs and expenses, including attorneys' fees and disbursements. Any payments
made under this Section 13(e) shall be in conformance with Section 4(b)(xi)
above.

                                      -35-
<PAGE>
     14.    Regulatory Limitation.
            ----------------------

            Notwithstanding any other provision of this Agreement, Bank shall
not be obligated to make, and Executive shall have no right to receive, any
payment, benefit or amount under this Agreement which would violate any law,
regulation or regulatory order applicable to Bank or its parent at the time such
payment, benefit or amount is due, including, without limitation, Section
1828(k)(1) of Title 12 of the United States Code and any regulation or order
thereunder of the Federal Deposit Insurance Corporation ("Prohibited Payment").
If and to the extent Bank shall at a later date be relieved of the restriction
on its ability to make any Prohibited Payment, then at such time Bank shall
promptly make payment of any such amounts to Executive.

     15.    Miscellaneous.
            --------------

            No provision of this Agreement may be modified, waived or discharged
unless such waiver, modification or discharge is agreed to in writing and signed
by Executive and such officer as may be designated by the Board.  No waiver by
either party hereto at any time of any breach by the other party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by
such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the time or at any prior or subsequent time.  The validity,
interpretation, construction and performance of this Agreement shall be governed
by the laws of the State of Connecticut without regard to its conflicts of law
principles.  All references to sections of the Exchange Act or the Code shall be
deemed also to refer to any successor provisions to such sections.  Any payments
provided for hereunder shall be paid net of any applicable withholding required
under federal, state or local law.  The obligations of Bank and Executive under
this Agreement shall survive the expiration of this Agreement to the extent
necessary to give effect to this Agreement.

     16.    Validity.
            ---------

            The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

     17.    Counterparts.
            -------------

            This Agreement may be executed in counterparts, each of which shall
be deemed to be an original but all of which together will constitute one and
the same instrument.

     18.    Entire Agreement.
            -----------------

            This Agreement sets forth the entire agreement of the parties hereto
in respect of the subject matter contained herein and during the term of this
Agreement supersedes the provisions of all prior agreements, promises,
covenants, arrangements, communications, representations or warranties, whether
oral or written, by any officer, employee or representative of any party hereof
with respect to the subject matter contained herein.  No agreements or
representations, oral or otherwise, express or implied, with respect to the
subject matter hereof have been made by either party which are not expressly set
forth in this Agreement.  Notwithstanding anything to the contrary in this
Agreement, the procedural provisions of this Agreement shall apply to all
benefits payable as a result of a Change in Control (or other change in control)
under any employee benefit plan, agreement, program, policy or arrangement of
Bank.

                                      -36-
<PAGE>
     IN WITNESS WHEREOF, Bank has caused this Agreement to be executed by a duly
authorized officer, and Executive has executed this Agreement, as of the 2nd day
of November, 2010.

SIMSBURY BANK AND TRUST COMPANY

By /s/ Martin J. Geitz
  --------------------------------------------
  Martin J. Geitz

     Its President and Chief Executive Officer


EXECUTIVE

 /s/ Michael T. Sheahan
----------------------------------------------
Michael T. Sheahan

                                      -37-
<PAGE>
ATTACHMENT A

                                    RELEASE

     We advise Executive to consult an attorney before Executive signs this
Release.  Executive have until the date which is seven (7) days after the
Release is signed and returned to Simsbury Bank and Trust Company ("Bank") to
change Executive's mind and revoke this Release.  Executive's Release shall not
become effective or enforceable until after that date.

     In consideration for the benefits provided under Executive's Change in
Control Severance Agreement with Bank effective 2nd day of November, 2010 (the
"Agreement"), and more specifically enumerated in Exhibit 1 hereto, by
Executive's signature below, Executive, for and on behalf of Executive,
Executive's heirs, executors, agents, representatives, successors and assigns,
hereby release and forever discharge Bank its past and present parent
corporations, subsidiaries, divisions, subdivisions, affiliates and related
companies (collectively, the "Company") and the Company's past, present and
future agents, directors, officers, employees, representatives, successors and
assigns (hereinafter  "those associated with the Company") with respect to any
and all claims, demands, actions and liabilities, whether in law or equity,
which Executive may have against the Company or those associated with the
Company of whatever kind, including but not limited to those arising out of
Executive's employment with the Company or the termination of that employment.
Executive agree that this release covers, but is not limited to, claims arising
under the Age Discrimination in Employment Act of 1967, 29 U.S.C. ss. 621 et
seq., Title VII of the Civil Rights Act of 1964, 42 U.S.C. ss. 2000e et seq.,
the Americans with Disabilities Act of 1990, 42 U.S.C. ss. 12101 et seq., the
Fair Labor Standards Act, 29 U.S.C. ss. 201 et seq., the Employee Retirement
Income Security Act of 1974, 29 U.S.C. ss. 1001 et seq., the Connecticut Fair
Employment Practices Act, C.G.S. ss. 46a-51 et seq., and any other local, state
or federal law, regulation or order dealing with discrimination in employment on
the basis of sex, race, color, national origin, veteran status, marital status,
religion, disability, handicap, or age. Executive also agree that this release
includes claims based on wrongful termination of employment, breach of contract
(express or implied), tort, or claims otherwise related to Executive's
employment or termination of employment with the Company and any claim for
attorneys' fees, expenses or costs of litigation.

     This Release covers all claims based on any facts or events, whether known
or unknown by Executive, that occurred on or before the date of this Release.
Except to enforce this Release, Executive agree that Executive will never
commence, prosecute, or cause to be commenced or prosecuted any lawsuit or
proceeding of any kind against the Company or those associated with the Company
in any forum and agree to withdraw with prejudice all complaints or charges, if
any, that Executive have filed against the Company or those associated with the
Company.

     Anything in this Release to the contrary notwithstanding, this Release does
not include a release of:  (i) Executive's rights under the Agreement or
Executive's right to enforce the Agreement;  (ii) any rights Executive may have
to indemnification under any agreement, law, Company organizational document or
policy, or otherwise; (iii) except as expressly provided in the Agreement, any
rights Executive may have to benefits under the Company's benefit plans; or (iv)
Executive's right to enforce this Release.

By signing this Release, Executive further agree as follows:

     i.     Executive has read this Release carefully and fully understand its
terms;

                                      -38-
<PAGE>
     ii. Executive has had at least twenty-one (21) days to consider the terms
of the Release;

     iii. Executive has seven (7) days from the date Executive signs this
Release to revoke it by written notification to the Company. After this seven
(7) day period, this Release is final and binding and may not be revoked;

     iv. Executive has been advised to seek legal counsel and have had an
opportunity to do so;

     v. Executive would not otherwise be entitled to the benefits provided under
Executive's Agreement had Executive not agreed to execute this Release; and

     vi. Executive's agreement to the terms set forth above is voluntary.

     IN WITNESS WHEREOF, Executive has executed and delivered this release at
Simsbury, Connecticut on the date indicated below.



Name:________________________________________

Signature:___________________________________     Date:


                                      -39-