EXHIBIT 10.9

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT
                    -----------------------------------------

     THIS  AMENDED  AND  RESTATED  AGREEMENT  is  entered  into this 24th day of
February,  2003, by and between Kentucky First Bancorp, Inc. (the "Company") and
Betty J. Long (the  "Employee"),  effective  on the date hereof (the  "Effective
Date").

     WHEREAS,  the Employee has  heretofore  been employed by the Company as its
President and Chief  Executive  Officer and is  experienced in all phases of the
business of the Company; and

     WHEREAS,  the parties  desire by this writing to establish and to set forth
the employment relationship between the Company and the Employee.

     NOW, THEREFORE, it is AGREED as follows:

     1.  Employment.  The  Employee  is  employed  as the  President  and  Chief
Executive Officer of the Company.  The Employee shall render such administrative
and  management  services for the Company as are  currently  rendered and as are
customarily  performed by persons situated in a similar executive capacity.  The
Employee shall also promote, by entertainment or otherwise, as and to the extent
permitted by law, the business of the Company. The Employee's other duties shall
be such as the Board of Directors of the Company ("Board") may from time to time
reasonably direct, including normal duties as an officer of the Company.

     2.  Consideration  from Company:  Joint and Several  Liability.  In lieu of
paying the Employee a base salary during the term of this Agreement, the Company
hereby  agrees  that to the extent  permitted  by law,  it shall be jointly  and
severally  liable  with the Bank for the  payment of all  amounts  due under the
employment  agreement of even date  herewith  between the Bank and the Employee.
Nevertheless,  the Board may in its  discretion  at any time  during the term of
this Agreement agree to pay the Employee a base salary for the remaining term of
this  Agreement.  If the  Board  agrees  to pay such  salary,  the  Board  shall
thereafter  review,  not less often than  annually,  the rate of the  Employee's
salary, and in its sole discretion may decide to increase her salary.

     3.  Discretionary  Bonuses.  The Employee shall participate in an equitable
manner  with  all  other   senior   management   employees  of  the  Company  in
discretionary  bonuses  that  the  Board  may  award  from  time  to time to the
Company's senior management  employees.  No other  compensation  provided for in
this  Agreement  shall  be  deemed  a  substitute  for the  Employee's  right to
participate in such discretionary bonuses.

     4. (a)  Participation in Retirement,  Medical and Other Plans. The Employee
shall  participate in any plan that the Company maintains for the benefit of its
employees  if  the  plan  relates  to  (i)  pension,  profit-sharing,  or  other
retirement  benefits,  (ii) medical insurance or the reimbursement of medical or
dependent care expenses, or (iii) other group benefits, including disability and
life insurance plans.

          (b) Employee Benefits; Expenses. The Employee shall participate in any
fringe  benefits  which are or may  become  available  to the  Company's  senior
management  employees,  including  for  example:  any stock  option or incentive
compensation  plans,  club  memberships,   and  any  other  benefits  which  are
commensurate  with the  responsibilities  and  functions  to be performed by the
Employee  under  this  Agreement.  The  Employee  shall  be  reimbursed  for all
reasonable  out-of-pocket  business expenses which she shall incur in connection
with her services under this Agreement upon  substantiation  of such expenses in
accordance with the policies of the Company.

     5. Term. The Company hereby employs the Employee,  and the Employee  hereby
<PAGE>

accepts such employment under this Agreement,  for the period  commencing on the
Effective  Date and  ending 36 months  thereafter  (or such  earlier  date as is
determined  in  accordance  with  Section  9).  Additionally,   on  each  annual
anniversary  date from the Effective  Date,  the  Employee's  term of employment
shall be extended for an additional  one-year  period beyond the then  effective
expiration date provided the Board determines in a duly adopted  resolution that
the performance of the Employee has met the Board's  requirements and standards,
and that this Agreement shall be extended.

     6. Loyalty; Noncompetition.

          (a)  During  the  period of her  employment  hereunder  and except for
illnesses,  reasonable vacation periods,  and reasonable leaves of absence,  the
Employee shall devote all her full business time, attention,  skill, and efforts
to the faithful  performance of her duties hereunder;  provided,  however,  from
time to time,  Employee  may serve on the boards of  directors  of, and hold any
other  offices or  positions  in,  companies  or  organizations,  which will not
present any conflict of interest with the Company or any of its  subsidiaries or
affiliates,  or unfavorably affect the performance of Employee's duties pursuant
to this  Agreement,  or will not violate any  applicable  statute or regulation.
"Full business time" is hereby defined as that amount of time usually devoted to
like companies by similarly situated executive officers.  During the term of her
employment  under this Agreement,  the Employee shall not engage in any business
or activity contrary to the business affairs or interests of the Company,  or be
gainfully employed in any other position or job other than as provided above.

          (b) Nothing  contained in this  Paragraph 6 shall be deemed to prevent
or limit the Employee's right to invest in the capital stock or other securities
of any business dissimilar from that of the Company,  or, solely as a passive or
minority investor, in any business.

     7. Standards. The Employee shall perform her duties under this Agreement in
accordance with such  reasonable  standards as the Board may establish from time
to time. The Company will provide Employee with the working facilities and staff
customary for similar executives and necessary for her to perform her duties.

     8. Vacation and Sick Leave. At such reasonable  times as the Board shall in
its discretion permit,  the Employee shall be entitled,  without loss of pay, to
absent herself  voluntarily  from the  performance of her employment  under this
Agreement, all such voluntary absences to count as vacation time; provided that:

          (a) The Employee shall be entitled to an annual vacation in accordance
with the policies that the Board periodically  establishes for senior management
employees of the Company.

          (b) The Employee  shall not receive any additional  compensation  from
the Company on account of her failure to take a vacation or sick leave,  and the
Employee shall not accumulate  unused vacation from one fiscal year to the next,
except in either case to the extent authorized by the Board.

          (c) In addition to the aforesaid paid vacations, the Employee shall be
entitled without loss of pay, to absent herself voluntarily from the performance
of her employment with the Company for such  additional  periods of time and for
such valid and legitimate reasons as the Board may in its discretion  determine.
Further, the Board may grant to the Employee a leave or leaves of absence,  with
or without pay, at such time or times and upon such terms and conditions as such
Board in its discretion may determine.
<PAGE>

          (d) In  addition,  the  Employee  shall be  entitled to an annual sick
leave benefit as established by the Board.

     9.  Termination  and  Termination  Pay.  Subject to Section 11 hereof,  the
Employee's   employment   hereunder  may  be  terminated   under  the  following
circumstances:

          (a)  Death.  The  Employee's  employment  under this  Agreement  shall
terminate upon her death during the term of this  Agreement,  in which event the
Employee's estate shall be entitled to receive the compensation due the Employee
through the last day of the calendar month in which her death occurred.

          (b)  Disability.  The Company may terminate the Employee's  employment
after  having  established  the  Employee's  Disability.  For  purposes  of this
Agreement,  "Disability"  means a physical or mental infirmity which impairs the
Employee's ability to substantially  perform her duties under this Agreement and
which  results  in the  Employee  becoming  eligible  for  long-term  disability
benefits under the Company's  long-term  disability plan (or, if the Company has
no such plan in effect,  which impairs the Employee's  ability to  substantially
perform her duties under this Agreement for a period of one hundred eighty (180)
consecutive  days).  The  Employee  shall be  entitled to the  compensation  and
benefits provided for under this Agreement for (i) any period during the term of
this  Agreement  and prior to the  establishment  of the  Employee's  Disability
during  which  the  Employee  is unable  to work due to the  physical  or mental
infirmity,  or (ii) any period of  Disability  which is prior to the  Employee's
termination of employment pursuant to this Section 9(b).

          (c) Just  Cause.  The Board may,  by written  notice to the  Employee,
immediately  terminate her employment at any time, for Just Cause.  The Employee
shall have no right to receive  compensation  or other  benefits  for any period
after  termination  for Just  Cause.  Termination  for "Just  Cause"  shall mean
termination  because  of, in the good  faith  determination  of the  Board,  the
Employee's personal  dishonesty,  incompetence,  willful  misconduct,  breach of
fiduciary duty involving personal profit,  intentional failure to perform stated
duties,  willful  violation of any law, rule or  regulation  (other than traffic
violations or similar  offenses) or final  cease-and-desist  order,  or material
breach of any provision of this Agreement. Notwithstanding the foregoing, in the
event of  termination  for Just Cause there shall be delivered to the Employee a
copy of a  resolution  duly adopted by the  affirmative  vote of not less than a
majority of the entire  membership of the Board at a meeting of the Board called
and held for that purpose  (after  reasonable  notice to the Employee,  together
with the Employee's counsel, to be heard before the Board), such meeting and the
opportunity  to  be  heard  to be  held  prior  to,  or as  soon  as  reasonably
practicable following, termination, but in no event later than 60 days following
such  termination,  finding  that in the good  faith  opinion  of the  Board the
Employee  was guilty of conduct set forth  above in the second  sentence of this
Subsection (c) and specifying the  particulars  thereof in detail.  If following
such meeting the Employee is  reinstated,  she shall be entitled to receive back
pay for the period following termination and continuing through reinstatement.

          (d) Without Just Cause.  Subject to Section 11 hereof,  the Board may,
by written notice to the Employee,  immediately  terminate her employment at any
time for a reason other than Just Cause,  in which event the  Employee  shall be
entitled to receive the  following  compensation  and  benefits:  (i) any salary
provided pursuant to Section 2 hereof, up to the date of termination of the term
(including  any renewal term) of this Agreement (the  "Expiration  Date"),  plus
said salary for an additional  12-month  period,  but not to exceed three year's
salary,  and  (ii) the cost to the  Employee  of  obtaining  all  health,  life,
disability  and other  benefits  which the Employee  would have been eligible to
participate  in  through  the  Expiration  Date based  upon the  benefit  levels
substantially  equal to those that the Company  provided for the Employee at the
date of termination of employment.  Said
<PAGE>

sum  shall be paid,  at the  option  of the  Employee,  either  (I) in  periodic
payments  over  the  remaining  term of  this  Agreement,  as if the  Employee's
employment had not been terminated, or (II) in one lump sum within ten (10) days
of such termination.

          (e) Voluntary  Termination by Employee.  Subject to Section 11 hereof,
the Employee may  voluntarily  terminate  employment with the Company during the
term of this Agreement, upon at least 60 days' prior written notice to the Board
of Directors,  in which case the Employee  shall receive only her  compensation,
vested rights and employee benefits up to the date of her termination.

     10. No  Mitigation.  The  Employee  shall not be required  to mitigate  the
amount of any payment provided for in this Agreement by seeking other employment
or otherwise and no such payment shall be offset or reduced by the amount of any
compensation or benefits provided to the Employee in any subsequent employment.

     11. Change in Control.

          (a)  Notwithstanding  any  provision  herein to the  contrary,  if the
Employee's employment under this Agreement is terminated by the Company, without
the Employee's  prior written consent and for a reason other than Just Cause, in
connection  with or within twelve (12) months after any change in control of the
Company, the Employee shall be paid an amount equal to the difference between -

               (i) the sum of -

                    I.   the product of 2.99 times her "base  amount" as defined
                         in Section  280G(b)(3) of the Internal  Revenue Code of
                         1986,   as  amended   (the   "Code")  and   regulations
                         promulgated thereunder, and

                    II.  $150,000, and

               (ii) the sum of any other  parachute  payments (as defined  under
Section  280G(b)(2)  of the Code) that the  Employee  receives on account of the
change in  control.  Said sum shall be paid in one lump sum within ten (10) days
of such  termination.  This  paragraph  would  not  apply  to a  termination  of
employment due to death, Disability or voluntary termination by the Employee.

     The term "change in control"  shall mean any one of the  following  events:
(1) the acquisition of ownership,  holding or power to vote more than 25% of the
Bank's or the Company's  voting  stock,  (2) the  acquisition  of the ability to
control the election of a majority of the Bank's or the Company's directors, (3)
the  acquisition  of a controlling  influence over the management or policies of
the Bank or the Company by any person or by persons acting as a "group"  (within
the meaning of Section 13(d) of the  Securities  Exchange Act of 1934),  (4) the
acquisition  of control  of the Bank or the  Company  within  the  meaning of 12
C.F.R.  Part 574 or its applicable  equivalent  (except in the case of (1), (2),
(3) and (4) hereof, ownership or control of the Bank by the Company itself shall
not  constitute  a  "change  in  control"),  or (5)  during  any  period  of two
consecutive  years,  individuals who at the beginning of such period  constitute
the Board of  Directors of the Company or the Bank (the  "Existing  Board") (the
"Continuing  Directors")  cease for any reason to constitute at least a majority
thereof,  provided that any individual whose election or nomination for election
as a member of the Existing  Board was approved by a vote of at least a majority
of the  Continuing  Directors  then in office  shall be  considered a Continuing
Director. For purposes of this subparagraph only, the term "person" refers to an
individual or a corporation,  partnership,  trust,  association,  joint venture,
pool, syndicate, sole proprietorship,  unincorporated  organization or any other
form of entity not specifically  listed herein.

          (b)  Notwithstanding  any other  provision  of this  Agreement  to the
contrary,  the Employee may  voluntarily  terminate  her  employment  under this
Agreement  within  twelve  (12)  months  following  a change in  control  of the
Company,  and the  Employee  shall  thereupon be entitled to receive the payment
described in Section 11(a) of this Agreement,  upon the occurrence of any of the
following  events,  or within ninety (90) days  thereafter,  which have not been
consented to in advance by the Employee in writing: (i) the requirement that the
Employee perform her principal
<PAGE>

executive  functions more than thirty (30) miles from her primary office or more
than thirty (30) miles from her personal  residence as of the date of the change
in control;  (ii) a material reduction in the Employee's base compensation as in
effect on the date of the  change in  control  or as the same may be  changed by
mutual agreement from time to time; (iii) the failure by the Company to continue
to provide the Employee with  compensation and benefits  provided for under this
Agreement,  as the same may be changed by mutual agreement from time to time, or
with benefits  substantially similar to those provided to her under any employee
benefit  in which the  Employee  is a  participant  at the time of the change in
control,  or the taking of any action which would materially  reduce any of such
benefits or deprive the Employee of any material  fringe benefit  enjoyed by her
at the time of the change in control;  (iv) the  assignment  to the  Employee of
duties and responsibilities  materially different from those normally associated
with her position as  referenced at Section 1; (v) a failure to elect or reelect
the  Employee to the Board,  if the Employee is serving on the Board on the date
of the change in control;  or (vi) a material  diminution  or  reduction  in the
Employee's  responsibilities or authority (including reporting responsibilities)
in connection with her employment with the Company.

          (c) Any payments made to the Employee  pursuant to this Agreement,  or
otherwise,  are subject to and conditioned  upon their compliance with 12 U.S.C.
Section 1828(k) and any regulations promulgated thereunder.

          (d) In the event that any dispute  arises between the Employee and the
Company as to the terms or  interpretation  of this  Agreement,  including  this
Section  11,  whether  instituted  by formal  legal  proceedings  or  otherwise,
including  any  action  that the  Employee  takes to  enforce  the terms of this
Section 11 or to defend  against any action taken by the  Company,  the Employee
shall be reimbursed for all costs and expenses,  including reasonable attorneys'
fees,  arising from such  dispute,  proceedings  or actions,  provided  that the
Employee shall obtain a final judgement by a court of competent  jurisdiction in
favor of the Employee.  Such reimbursement shall be paid within ten (10) days of
Employee's furnishing to the Company written evidence, which may be in the form,
among other things,  of a cancelled  check or receipt,  of any costs or expenses
incurred by the Employee.

          (e)  Notwithstanding  any other  provision  of this  Agreement  to the
contrary,  the Employee may voluntarily  terminate her employment for any reason
within the 30-day period  beginning on the date of the change in control and the
Employee shall be entitled to receive the payment  described in Section 11(a) of
this Agreement.

          (f) If the  Employee's  employment is terminated  under  circumstances
described in Section 11(a),  (b) or (e) of this Agreement,  and in consideration
of the payments to be made to her thereunder, the Employee agrees as follows:

               (i) The parties  recognize  that the  Employee's  reputation  and
business and personal  relationships  are of significant  benefit to the Company
and First Federal Savings Bank (the "Bank").  The parties further recognize that
the Company and the Bank are in direct  competition with certain banks and other
similar  institutions.  Therefore,  the  Employee  agrees  that for a period  of
eighteen (18) months following her termination of employment she will not accept
employment or serve in any capacity  with any bank,  savings bank or savings and
loan  association the deposits or accounts or shares of which are insured by the
Federal Deposit  Insurance  Corporation or credit union the deposits or accounts
or shares of which are insured by the National  Credit Union  Administration  or
any holding company for such bank, savings bank, savings and loan association or
credit union or other entity controlling,  controlled by or under common control
with such financial institution at a principal place of employment within thirty
(30)  miles of any  office of the  Company or the Bank
<PAGE>

open to the public at the time of this Agreement.

               (ii) For a period of two (2) years  following her  termination of
employment,  the  Employee  will not  solicit  or induce  any  person  who is an
employee of the Company or the Bank, or any entity controlling, controlled by or
under common  control with the Company or the Bank,  or any successor to either,
or any person who was such  within  three  months  prior to her  termination  of
employment,  to become  employed by any other  person,  firm or  corporation  or
approach any such  employee  for such purpose or authorize or knowingly  approve
the taking of such actions by other persons.

               (iii) The  Employee  acknowledges  that  during the course of her
employment  with the Company and the Bank she has and will  continue to receive,
obtain or become aware of, and will have acess to proprietary information, lists
and records of customers and trade secrets which are the property of the Company
or the Bank  which are not  known by  competitors  or  generally  by the  public
("Proprietary  Information") and recognizes that such Proprietary Information to
be valuable and unique assets of the Company or the Bank, as the case may be. At
all times following her  termination of employment,  the Employee agrees to hold
the Proprietary Information in the strictest confidence and agrees not to use or
disclose any Proprietary  Information,  directly or indirectly,  at any time for
any purpose,  or to use for the Employee's benefit or the benefit of any person,
firm,  corporation  or other  entity  (other  than the Company or the Bank or an
affiliate of or successor to either),  any Proprietary  Information,  and to use
Executive's  best efforts to prevent such  prohibited  use or  disclosure by any
other persons.

               (iv)  The  Employee  hereby  acknowledges  that  her  duties  and
responsibilities  under this Section 11(f) are unique and extraordinary and that
irreparable  injury may result to the Company or the Bank or an  affiliate of or
successor to either in the event of a breach of the terms and conditions of this
Section  11(f),  which  may be  difficult  to  ascertain,  and that the award of
damages would not be adequate  relief to the Company or the Bank or affiliate or
successor.  The Employee therefore agrees that in the event of her breach of any
of the terms or conditions of this Section 11(f),  the Company or the Bank or it
successor shall have the right,  without posting any bond or other security,  to
preliminary and permanent  injunctive relief as well as damages and an equitable
accounting  of all  earnings,  profits  and  other  benefits  arising  from such
violation,  which rights shall be cumulative and in addition to any other rights
or remedies in law or equity to which it may be entitled  against the  Employee.
If at the time of the enforcement of any provision of this Section 11(f) a court
shall hold that the period or scope of the provisions  thereof are  unreasonable
under the circumstances then existing, the parties hereby agree that the maximum
period or scope under the  circumstances  shall be substituted for the period or
scope stated in such provision.

<PAGE>

     12. Successors and Assigns.

          (a) This  Agreement  shall inure to the benefit of and be binding upon
any corporate or other successor of the Company which shall acquire, directly or
indirectly,   by  merger,   consolidation,   purchase  or   otherwise,   all  or
substantially all of the assets or stock of the Company.

          (b) Since the  Company is  contracting  for the  unique  and  personal
skills of the  Employee,  the  Employee  shall be  precluded  from  assigning or
delegating her rights or duties  hereunder  without first  obtaining the written
consent of the Company.

     13.  Amendments.  No  amendments  or additions to this  Agreement  shall be
binding  unless  made in  writing  and signed by all of the  parties,  except as
herein otherwise specifically provided.

     14. Applicable Law. Except to the extent preempted by Federal law, the laws
of the  Commonwealth  of Kentucky  shall govern this  Agreement in all respects,
whether as to its validity, construction, capacity, performance or otherwise.

     15.  Severability.  The  provisions  of  this  Agreement  shall  be  deemed
severable and the  invalidity  or  unenforceability  of any provision  shall not
affect the validity or enforceability of the other provisions hereof.

     16. Entire  Agreement.  This Agreement,  together with any understanding or
modifications  thereof as agreed to in writing by the parties,  shall constitute
the entire agreement between the parties hereto.

     IN WITNESS WHEREOF, the parties have executed this Agreement on the day and
year first hereinabove written.


ATTEST:                                       KENTUCKY FIRST BANCORP, INC.


/s/ Kevin R. Tolle                            By: /s/ William D. Morris
-------------------------------                  -------------------------------
Kevin R. Tolle, Secretary                        Its: Chairman of the Board



WITNESS:

                                                /s/ Betty J. Long
-------------------------------                 --------------------------------
                                                Betty J. Long