AGREEMENT

         This AGREEMENT is made effective as of December 15, 1999 by and between
FIRST FEDERAL BANK (the "BANK");  FIRSTSPARTAN FINANCIAL CORP. ("COMPANY");  and
J. TIMOTHY CAMP ("EXECUTIVE").

         WHEREAS, the BANK recognizes the substantial contribution EXECUTIVE has
made to the BANK and wishes to protect  his  position  therewith  for the period
provided  in this  Agreement  in the event of a Change in  Control  (as  defined
herein); and

         WHEREAS,  EXECUTIVE  serves in the position of Senior Vice President of
the BANK, a position of substantial responsibility;

         NOW,  THEREFORE,  in  consideration of the foregoing and upon the other
terms and conditions hereinafter provided, the parties hereto agree as follows:

1.       Term Of Agreement

         The term of this Agreement  shall be deemed to have commenced as of the
date first above  written and shall  continue for a period of  twenty-four  (24)
full calendar months  thereafter.  Commencing on the first  anniversary  date of
this Agreement and continuing at each anniversary date thereafter,  the Board of
Directors of the BANK ("Board") may extend the Agreement for an additional year.
The Board will conduct a  performance  evaluation  of EXECUTIVE  for purposes of
determining  whether to extend the Agreement,  and the results  thereof shall be
included in the minutes of the Board's meeting.

2.       Payments To EXECUTIVE Upon Change In Control.

         (a) Upon the  occurrence  of a Change in Control  (as  herein  defined)
followed  within  twelve  (12)  months of the  effective  date of the  Change in
Control by the voluntary or involuntary  termination of EXECUTIVE's  employment,
other than for Cause,  as defined in Section  2(c)  hereof,  the  provisions  of
Section 3 shall apply. For purposes of this Agreement,  "voluntary  termination"
shall be limited to the  circumstances  in which EXECUTIVE elects to voluntarily
terminate his  employment  within twelve (12) months of the effective  date of a
Change in Control following any demotion,  loss of title,  office or significant
authority,  reduction  in his annual  compensation  or  benefits  (other  than a
reduction  affecting  the Bank's  personnel  generally),  or  relocation  of his
principal  place  of  employment  by  more  than  35  miles  from  its  location
immediately prior to the Change in Control.

         (b) A "Change in Control" of the COMPANY or the BANK shall be deemed to
occur if and when (a)  there  occurs  a  change  in  control  of the BANK or the
COMPANY  within the  meaning of the Home  Owners  Loan Act of 1933 and 12 C.F.R.
Part 574, (b) any person (as such term is used in Sections 13(d) and 14(d)(2) of
the  Securities  Exchange  Act of  1934) is or  becomes  the  beneficial  owner,
directly or  indirectly,  of securities of the COMPANY or the BANK  representing
25% or
<PAGE>
more  of  the  combined  voting  power  of the  COMPANY's  or  the  BANK's  then
outstanding  securities,  (c) the  membership  of the board of  directors of the
COMPANY or the BANK  changes as the result of a  contested  election,  such that
individuals who were directors at the beginning of any twenty-four  month period
(whether  commencing  before or after the date of adoption of this Agreement) do
not  constitute  a  majority  of the  Board  at the end of such  period,  or (d)
shareholders of the COMPANY or the BANK approve a merger, consolidation, sale or
disposition of all or  substantially  all of the COMPANY's or the BANK's assets,
or a plan of partial or complete liquidation.

         (c) EXECUTIVE shall not have the right to receive termination  benefits
pursuant to Section 3 hereof upon Termination for Cause.  The term  "Termination
for Cause" shall mean termination because of EXECUTIVE's  intentional failure to
perform stated duties,  personal dishonesty,  incompetence,  willful misconduct,
any breach of fiduciary duty involving personal profit, willful violation of any
law, rule,  regulation  (other than traffic  violations or similar  offenses) or
final cease and desist order, or any material  breach of any material  provision
of this Agreement. In determining  incompetence,  the acts or omissions shall be
measured  against  standards  generally  prevailing  in the savings  institution
industry.  Notwithstanding the foregoing,  EXECUTIVE shall not be deemed to have
been  terminated  for Cause unless and until there shall have been  delivered to
him a copy of a resolution duly adopted by the affirmative vote of not less than
three-fourths  of the members of the Board at a meeting of the Board  called and
held for that purpose (after  reasonable  notice to EXECUTIVE and an opportunity
for him, together with counsel,  to be heard before the Board),  finding that in
the good faith opinion of the Board,  EXECUTIVE was guilty of conduct justifying
Termination  for  Cause  and  specifying  the  particulars  thereof  in  detail.
EXECUTIVE shall not have the right to receive compensation or other benefits for
any period after Termination for Cause.

3.       Termination

         (a) Upon the occurrence of a Change in Control,  followed within twelve
(12) months of the  effective  date of a Change in Control by the  voluntary  or
involuntary  termination of EXECUTIVE's  employment  other than  Termination for
Cause,  the BANK shall be  obligated  to pay  EXECUTIVE,  or in the event of his
subsequent death, his beneficiary or  beneficiaries,  or his estate, as the case
may be, as  severance  pay,  a sum equal to two (2)  times  EXECUTIVE's  "annual
compensation"  as  defined  herein.  For  purposes  of this  Agreement,  "annual
compensation"  shall  mean and  include  all  wages,  salary,  bonus,  and other
compensation,  if any, paid  (including  accrued  amounts) by the Company or the
Bank as consideration for the Participant's service during the twelve (12) month
period ending on the last day of the month  preceding  the  effective  date of a
Change in Control,  which is or would be  includable  in the gross income of the
Participant  receiving  the same for federal  income tax  purposes.  Such amount
shall be paid to  EXECUTIVE  in a lump sum no later than  thirty (30) days after
the date of his termination.





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<PAGE>
         (b) Upon the  occurrence  of a Change in Control  of the BANK  followed
within  twelve  (12)  months of the  effective  date of a Change in  Control  by
EXECUTIVE's  voluntary or  involuntary  termination  of  employment,  other than
Termination  for Cause,  the BANK shall  cause to be  continued  life,  medical,
dental  and  disability  coverage   substantially   identical  to  the  coverage
maintained by the BANK for EXECUTIVE  prior to his severance.  Such coverage and
payments shall cease upon expiration of twenty-four (24) months from the date of
EXECUTIVE's termination.

         (c) Notwithstanding the preceding  paragraphs of this Section 3, in the
event  that  the  aggregate  payments  or  benefits  to be made or  afforded  to
EXECUTIVE  under this  Section,  together  with any other  payments  or benefits
received or to be received by EXECUTIVE in connection  with a Change in Control,
would be deemed to include an "excess  parachute  payment"  under ss.280G of the
Code, then, at the election of EXECUTIVE, (i) such payments or benefits shall be
payable or provided to EXECUTIVE over the minimum period necessary to reduce the
present  value of such  payments or  benefits  to an amount  which is one dollar
($1.00) less than three (3) times EXECUTIVE's "base amount" under  ss.280G(b)(3)
of the Code or (ii) the payments or benefits to be provided under this Section 3
shall be  reduced  to the  extent  necessary  to avoid  treatment  as an  excess
parachute  payment with the allocation of the reduction  among such payments and
benefits to be determined by EXECUTIVE.

         (d) Any  payments  made to  EXECUTIVE  pursuant to this  Agreement,  or
otherwise,   are   subject  to  and   conditioned   upon   compliance   with  12
U.S.C.ss.1828(k) and any regulations promulgated thereunder.

4.       Effect On Prior Agreements And Existing Benefit Plans

         This Agreement  contains the entire  understanding  between the parties
hereto and supersedes any prior agreement between the BANK and EXECUTIVE, except
that this  Agreement  shall not  affect or  operate  to reduce  any  benefit  or
compensation inuring to EXECUTIVE of a kind elsewhere provided.  No provision of
this  Agreement  shall be  interpreted  to mean that  EXECUTIVE  is  subject  to
receiving fewer benefits than those  available to him without  reference to this
Agreement.

5.       No Attachment

         (a) Except as required by law, no right to receive  payments under this
Agreement  shall be  subject to  anticipation,  commutation,  alienation,  sale,
assignment,  encumbrance,  charge,  pledge, or  hypothecation,  or to execution,
attachment,  levy, or similar process or assignment by operation of law, and any
attempt,  voluntary  or  involuntary,  to affect any such action  shall be null,
void, and of no effect.

         (b) This Agreement  shall be binding upon, and inure to the benefit of,
EXECUTIVE, the COMPANY, the BANK and their respective successors and assigns.



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<PAGE>
6.       Modification And Waiver

         (a)  This  Agreement  may  not be  modified  or  amended  except  by an
instrument in writing signed by the parties hereto.

         (b) No term or condition of this Agreement shall be deemed to have been
waived,  nor shall there by an estoppel against the enforcement of any provision
of this Agreement,  except by written  instrument of the party charged with such
waiver or estoppel.  No such written waiver shall be deemed a continuing  waiver
unless specifically  stated therein,  and each such waiver shall operate only as
to the specific  term or condition  waived and shall not  constitute a waiver of
such  term  or  condition  for  the  future  or as to any act  other  than  that
specifically waived.

7.       Required Provisions

         (a) The BANK may terminate EXECUTIVE's  employment at any time, but any
termination by the BANK, other than  Termination for Cause,  shall not prejudice
EXECUTIVE's  right to  compensation  or other  benefits  under  this  Agreement.
EXECUTIVE shall not have the right to receive compensation or other benefits for
any period after Termination for Cause as defined in Section 2(c) herein.

         (b) If  EXECUTIVE  is  suspended  and/or  temporarily  prohibited  from
participating  in the  conduct of the BANK's  affairs by a notice  served  under
Section  8(e)(3) or (g)(1) of the Federal  Deposit  Insurance  Act  ("FDIA") (12
U.S.C.  1818(e)(3) and (g)(1)), the BANK's obligations under the Agreement shall
be  suspended  as  of  the  date  of  service,   unless  stayed  by  appropriate
proceedings.  If the charges in the notice are  dismissed,  the BANK may, in its
discretion, (i) pay EXECUTIVE all or part of the compensation withheld while its
contract obligations were suspended and (ii) reinstate (in whole or in part) any
of its obligations that were suspended.

         (c)  If  EXECUTIVE  is  removed  and/or  permanently   prohibited  from
participating  in the  conduct of the BANK's  affairs by an order  issued  under
Section  8(e)(4) or (g)(1) of the FDIA (12 U.S.C.  1818(e)(4)  or  (g)(1)),  all
obligations of the BANK under the Agreement  shall terminate as of the effective
date of the order,  but vested  rights of the  contracting  parties shall not be
affected.

         (d) If the BANK is in default  (as  defined  in Section  3(x)(1) of the
FDIA),  all  obligations  under this Agreement shall terminate as of the date of
default, but this paragraph shall not affect any vested rights of the parties.

         (e) All obligations under this Agreement may be terminated:  (i) by the
Director  of the Office of Thrift  Supervision  (the  "Director")  or his or her
designee at the time the Federal Deposit Insurance Corporation or the Resolution
Trust Corporation enters into an agreement to provide assistance to or on behalf
of the BANK under the authority  contained in Section 13(c) of the FDIA and (ii)
by the  Director,  or his or her  designee  at the  time  the  Director  or such
designee approves a supervisory  merger to resolve problems related to operation
of the BANK or when the BANK is determined by the Director to be in an unsafe or
unsound condition.  Any rights of the parties that have already vested, however,
shall not be affected by such action.


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<PAGE>
8.       Severability

         If, for any reason, any provision of this Agreement, or any part of any
provision, is held invalid, such invalidity shall not affect any other provision
of this  Agreement or any part of such  provision not held so invalid,  and each
such other  provision and part thereof shall to the full extent  consistent with
law continue in full force and effect.

9.       Headings For Reference Only

         The headings of sections and paragraphs  herein are included solely for
convenience of reference and shall not control the meaning or  interpretation of
any of the provisions of this Agreement.

10.      Governing Law

         The validity,  interpretation,  performance,  and  enforcement  of this
Agreement shall be governed by the laws of the State of South  Carolina,  unless
preempted by Federal law as now or  hereafter  in effect.  In the event that any
provision of this Agreement  conflicts  with 12 C.F.R.  Section  563.39(b),  the
latter provision shall prevail.

         Any dispute or  controversy  arising under or in  connection  with this
Agreement shall be settled exclusively by arbitration,  conducted before a panel
of three arbitrators sitting in a location selected by the employee within fifty
(50) miles from the location of the BANK,  in  accordance  with the rules of the
American Arbitration Association then in effect.

11.      Source of Payments

         All payments provided in this Agreement shall be timely paid in cash or
check from the general funds of the BANK. The COMPANY,  however,  guarantees all
payments  and the  provision  of all  amounts  and  benefits  due  hereunder  to
EXECUTIVE  and,  if such  payments  are not timely paid or provided by the BANK,
such amounts and benefits shall be paid or provided by the COMPANY.

12.      Payment Of Legal Fees

         All reasonable legal fees paid or incurred by EXECUTIVE pursuant to any
dispute or question of  interpretation  relating to this Agreement shall be paid
or reimbursed by the BANK if EXECUTIVE is successful on the merits pursuant to a
legal judgment, arbitration or settlement.


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<PAGE>
13.      Successor To The BANK or the COMPANY

         The BANK and the COMPANY  shall  require  any  successor  or  assignee,
whether direct or indirect, by purchase, merger,  consolidation or otherwise, to
all or  substantially  all the  business  or assets of the BANK or the  COMPANY,
expressly and  unconditionally  to assume and agree to perform the BANK's or the
COMPANY's  obligations under this Agreement,  in the same manner and to the same
extent  that the BANK or the  COMPANY  would be  required  to perform if no such
succession or assignment had taken place.

14.      Signatures

         IN WITNESS WHEREOF, the BANK and the COMPANY have caused this Agreement
to be  executed  and their  seal to be  affixed  hereunto  by a duly  authorized
officer,  and  EXECUTIVE  has  signed  this  Agreement,  all on the  15th day of
December, 1999.


ATTEST:                                            FIRST FEDERAL BANK



/s/ R. Lamar Simpson                               BY:/s/ Billy L. Painter
--------------------                                  --------------------

        [SEAL]


ATTEST:                                            FIRSTSPARTAN FINANCIAL CORP.



/s/ R. Lamar Simpson                               BY:/s/ Billy L. Painter
--------------------                                  --------------------

       [SEAL]


WITNESS:



/s/ Kelley Theus                                      /s/ J Timothy Camp
----------------                                      ------------------
                                                      J. TIMOTHY CAMP



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