EXHIBIT 10.1
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                              EMPLOYMENT AGREEMENT
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     THIS  EMPLOYMENT AGREEMENT (hereinafter referred to as this "AGREEMENT") is
entered  into  as  of  the  1st  day  of January, 2000, by and between Home City
Federal  Savings Bank of Springfield, a savings bank chartered under the laws of
the  United  States  (hereinafter referred to as the "EMPLOYER"), and Douglas L.
Ulery,  an  individual  (hereinafter  referred  to  as  the  "EMPLOYEE");

                                   WITNESSETH:

     WHEREAS,  the  EMPLOYEE  is  currently  employed as the President and Chief
Executive  Officer  of  the  EMPLOYER;

     WHEREAS,  as  a  result  of  the  skill,  knowledge  and  experience of the
EMPLOYEE,  the Board of Directors of the EMPLOYER desires to retain the services
of  the  EMPLOYEE as the  President and Chief Executive Officer of the EMPLOYER;

     WHEREAS,  the  EMPLOYEE  desires  to continue to serve as the President and
Chief  Executive  Officer  of  the  EMPLOYER;  and

     WHEREAS,  the EMPLOYEE and the EMPLOYER desire to enter into this AGREEMENT
to set forth the terms and conditions of the employment relationship between the
EMPLOYER  and  the  EMPLOYEE;

     NOW,  THEREFORE,  in  consideration  of  the  premises and mutual covenants
herein  contained,  the  EMPLOYER  and  the  EMPLOYEE  hereby  agree as follows:

1.     Employment  and  Term.
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     (a)     Term.  Upon  the  terms  and  subject  to  the  conditions  of this
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AGREEMENT,  the  EMPLOYER  hereby  employs the EMPLOYEE, and the EMPLOYEE hereby
accepts  employment,  as  the  President  and  Chief  Executive  Officer  of the
EMPLOYER.  The TERM of this AGREEMENT shall commence on the date first set forth
above  and  shall  end  twenty-four (24) months thereafter, subject to extension
pursuant  to  subsection  (b) of this Section 1 (hereinafter, including any such
extensions,  referred  to as the "TERM"), and to earlier termination as provided
herein.

     (b)     Extension.  Prior  to  each  anniversary  of  the  date  of  this
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AGREEMENT,  the  Board  of Directors of the EMPLOYER shall review the EMPLOYEE's
performance  and  this  AGREEMENT and document its approval of this AGREEMENT in
the  board  minutes.  In  connection  with such annual review, the TERM shall be
extended  for  a  one-year  period  beyond  the  then-effective expiration date,
provided  the  Board  of  Directors of the EMPLOYER determines in a duly adopted
resolution  that this AGREEMENT should be extended.  Any such extension shall be
subject  to  the  written  consent  of  the  EMPLOYEE.

2.     Duties  of  the  EMPLOYEE.
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     (a)     General  Duties  and Responsibilities.  The EMPLOYEE shall serve as
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the  President  and  Chief  Executive  Officer  of the EMPLOYER.  Subject to the
direction  of  the  Board  of Directors of the EMPLOYER, the EMPLOYEE shall have
responsibility  for  the  general  management  and  control  of the business and
affairs  of  the EMPLOYER and shall perform all duties and shall have all powers
which  are  commonly  incident  to  the  office of President and Chief Executive
Officer  or  which,  consistent  therewith, are delegated to him by the Board of
Directors.  Such  duties  shall include, but not be limited to, (1) managing the
day-to-day  operations of the EMPLOYER, (2) managing the efforts of the EMPLOYER
to  comply  with  applicable laws and regulations, (3) marketing of the EMPLOYER
and  its  services,
(4)  supervising  other  employees  of  the  EMPLOYER,  (5) providing prompt and
accurate reports to the Board of Directors of the EMPLOYER regarding the affairs
and  conditions  of the EMPLOYER, and (6) making recommendations to the Board of
Directors of the EMPLOYER concerning the strategies, capital structure, tactics,
and  general  operations  of  the  EMPLOYER.

     (b)     Devotion  of  Entire  Time  to  the  Business of the EMPLOYER.  The
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EMPLOYEE  shall  devote his entire productive time, ability and attention during
normal  business  hours  throughout  the TERM to the faithful performance of his
duties  to  the  EMPLOYER  and its holding company and to their subsidiaries and
affiliates.   The  EMPLOYEE shall not directly or indirectly render any services
of  a  business, commercial or professional nature to any person or organization
other  than  the EMPLOYER and Home City Financial Corporation ("HCFC") and their
subsidiaries  and  affiliates  without the prior written consent of the Board of
Directors  of  the  EMPLOYER;  provided, however, that the EMPLOYEE shall not be
precluded  from
(i)  reasonable  participation  in  community,  civic,  charitable  or  similar
organizations; or (ii) the pursuit of personal investments that do not interfere
or  conflict  with  the  performance  of  the EMPLOYEE's duties to the EMPLOYER.
Nothing in this section shall limit the EMPLOYEE's right to invest in securities
of  any  business  that  does  not  provide  services or products of the type or
competing with those provided by the EMPLOYER or its subsidiaries or affiliates.

3.     Compensation,  Benefits  and  Reimbursements.
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     (a)     Salary.  The  EMPLOYEE  shall  receive  during  the  TERM an annual
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salary payable in equal installments not less often than monthly.  The amount of
such  annual salary shall be $115,000 until changed by the Board of Directors of
the  EMPLOYER  in  accordance  with  Section  3(b)  of  this  AGREEMENT.

     (b)     Annual  Salary  Review.  On  or  before  each  anniversary  of  the
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effective  date  of  this  AGREEMENT, the annual salary of the EMPLOYEE shall be
reviewed  by  the  Board  of  Directors of the EMPLOYER and may be maintained or
increased,  in  its discretion, based upon the EMPLOYEE's individual performance
and  the  overall  profitability  and  financial condition of the EMPLOYER.  The
results  of  the  annual  salary review shall be reflected in the minutes of the
appropriate  meetings  of  the  Board  of  Directors  of  the  EMPLOYER.

     (c)     Expenses.  In  addition  to any compensation received under Section
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3(a)  or (b) of this AGREEMENT, the EMPLOYER shall pay or reimburse the EMPLOYEE
for  all reasonable travel, entertainment and miscellaneous expenses incurred in
connection  with  the  performance  of  his  duties  under this AGREEMENT.  Such
reimbursement  shall  be  made  in  accordance  with  the  existing policies and
procedures  of  the  EMPLOYER  pertaining to reimbursement of expenses to senior
management  officials.

     (d)     Employee  Benefit  Programs.
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          (i)     During the TERM, the EMPLOYEE shall be entitled to participate
in  all formally established employee benefit, bonus, pension and profit-sharing
plans  and  similar  programs  that  are maintained by the EMPLOYER from time to
time,  including  programs  in  respect  of  group  health,  disability  or life
insurance,  and  all  employee  benefit  plans  or programs hereafter adopted in
writing  by  the Board of Directors of the EMPLOYER, for which senior management
personnel  are  eligible,  including  any  employee  stock ownership plan, stock
option plan or other stock benefit plan (hereinafter collectively referred to as
the  "BENEFIT  PLANS").  Notwithstanding any statement to the contrary contained
elsewhere  in  this  Agreement, the EMPLOYER may discontinue or terminate at any
time  any  such  BENEFIT PLANS, now existing or hereafter adopted, to the extent
permitted  by  the  terms  of  such  plans  and applicable law, and shall not be
required  to compensate the EMPLOYEE for such discontinuance or termination; and

          (ii)     After  the  termination  of the employment of the EMPLOYEE in
accordance with Section 4 of this AGREEMENT for any reason other than JUST CAUSE
(as defined hereinafter), the EMPLOYER shall provide, at the EMPLOYER's expense,
from the date of termination until the end of the TERM or until the earlier date
the  EMPLOYEE  obtains  substantially equivalent coverage from another full-time
employer,  substantially the same health, disability and life insurance benefits
as  are  available  to  retired  employees  of  the EMPLOYER on the date of this
AGREEMENT;  provided, however, that the EMPLOYER's obligation under this Section
3(d)(ii)  shall  terminate  in  the  event  that  the  EMPLOYER  no longer makes
available  an  employee  group health, disability or life insurance program that
permits the EMPLOYER to make coverage available for retirees or in the event the
EMPLOYER's  employee group health, disability or life insurance program does not
permit  the  coverage  of  the  EMPLOYEE.

     (e)     Vacation  and  Sick Leave.  The EMPLOYEE shall be entitled, without
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loss  of  pay, to be absent voluntarily from the performance of his duties under
this  AGREEMENT,  subject  to  the  following  conditions:

     (i)     The  EMPLOYEE  shall be entitled to annual vacation and annual sick
leave  in  accordance with the policies periodically established by the Board of
Directors  of  the EMPLOYER for senior management officials of the EMPLOYER; and

     (ii)     In  addition  to paid vacations and sick leave, the EMPLOYEE shall
be  entitled,  without  loss  of  pay,  to  absent  himself voluntarily from the
performance  of  his  employment with the EMPLOYER for such additional period of
time  and  for  such  valid  and  legitimate  reasons  as  the Board may, in its
discretion, determine, and 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.

4.     Termination  of  Employment.
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     (a)     General.  The  employment  of  the  EMPLOYEE shall terminate at any
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time  during the TERM (i) at the option of the EMPLOYER upon the delivery by the
EMPLOYER of written notice of employment termination to the EMPLOYEE, or (ii) at
the  option  of the EMPLOYEE upon the delivery by the EMPLOYEE of written notice
of  termination  to  the  EMPLOYER  if,  unless  consented  to in writing by the
EMPLOYEE,  (A)  the  present  capacity or circumstances in which the EMPLOYEE is
employed  are  materially  changed  (including,  without  limitation, a material
reduction  in  responsibilities  or  authority,  or  the assignment of duties or
responsibilities  substantially inconsistent with those normally associated with
the  EMPLOYEE's  position  described in Section 2(a) of this AGREEMENT), (B) the
EMPLOYEE  is no longer the President and Chief Executive Officer of the EMPLOYER
and  HCFC,  (C)  the  EMPLOYEE  is  required  to move his personal residence, or
perform his principal executive functions, more than thirty-five (35) miles from
his  primary  office  as  of  the  date  of the commencement of the TERM of this
AGREEMENT, or (D) the EMPLOYER otherwise breaches this AGREEMENT in any material
respect.

     (b)     Termination  for  JUST  CAUSE.  In  the  event  that  the  EMPLOYER
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terminates  the  employment  of  the  EMPLOYEE before the expiration of the TERM
because of the EMPLOYEE's personal dishonesty, incompetence, willful misconduct,
breach  of  fiduciary  duty  involving  personal  profit, intentional failure or
refusal  to  perform the duties and responsibilities assigned in this AGREEMENT,
willful violation of any law, rule, regulation (other than traffic violations or
similar offenses) or final cease-and-desist order, conviction of a felony or for
fraud  or  embezzlement,  or  material breach of any provision of this AGREEMENT
(hereinafter  collectively  referred to as "JUST CAUSE"), the EMPLOYEE shall not
receive,  and shall have no right to receive, any compensation or other benefits
for  any  period  after  such  termination.

     (c)     Termination  in  Connection  with  a  CHANGE  OF  CONTROL.
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          (i)     In  the  event  that,  in  connection with a CHANGE OF CONTROL
(including,  without  limitation, a termination other than for JUST CAUSE within
six  months  prior  to  a  CHANGE  OF CONTROL) or after a CHANGE OF CONTROL, the
employment  of  the  EMPLOYEE is terminated by the EMPLOYER for any reason other
than  JUST  CAUSE  before  the  expiration of the TERM, then the following shall
occur:

          (A)     The  EMPLOYER  shall  promptly  pay  to the EMPLOYEE or to his
beneficiaries,  dependents  or  estate  an  amount  equal  to the product of two
multiplied by the greater of the annual salary set forth in Section 3(a) of this
AGREEMENT or the annual salary payable to the EMPLOYEE as a result of any annual
salary  review  in  accordance  with  Section  3  (b)  of  this  AGREEMENT;

          (B)      The  EMPLOYER  shall continue to provide to the EMPLOYEE, his
dependents,  beneficiaries  and  estate,  at  the  EMPLOYER's  expense,  health,
disability  and  life insurance benefits as provided in Section 3(d)(ii) of this
Agreement,  until  the  expiration  of  the  TERM  or until the earlier date the
EMPLOYEE  obtains  substantially  equivalent  coverage  from  another  full-time
employer;  and

          (C)     The  EMPLOYEE  shall not be required to mitigate the amount of
any  payment  provided  for  in  this  AGREEMENT  by seeking other employment or
otherwise,  nor shall any amounts received from other employment or otherwise by
the  EMPLOYEE  offset  in  any manner the obligations of the EMPLOYER hereunder,
except  as  specifically  stated  in  subparagraph  (B).

          (ii)     In  the  event that, within six months prior to or within one
year  after a CHANGE OF CONTROL, the employment of the EMPLOYEE is terminated by
the  EMPLOYEE  in  accordance with Section 4(a)(ii) of this AGREEMENT before the
expiration  of  the  TERM,  then  the  following  shall  occur:

          (A)     The  EMPLOYER  shall  promptly  pay  to the EMPLOYEE or to his
beneficiaries,  dependents  or  estate  an  amount  equal  to the product of two
multiplied by the greater of the annual salary set forth in Section 3(a) of this
AGREEMENT or the annual salary payable to the EMPLOYEE as a result of any annual
salary  review  in  accordance  with  Section  3  (b)  of  this  AGREEMENT;

          (B)     The  EMPLOYER  shall  continue to provide to the EMPLOYEE, his
dependents,  beneficiaries  and  estate,  at  the  EMPLOYER's  expense,  health,
disability  and  life insurance benefits as provided in Section 3(d)(ii) of this
Agreement,  until  the  expiration  of  the  TERM  or until the earlier date the
EMPLOYEE  obtains  substantially  equivalent  coverage  from  another  full-time
employer;  and

          (C)     The  EMPLOYEE  shall not be required to mitigate the amount of
any  payment  provided  for  in  this  AGREEMENT  by seeking other employment or
otherwise,  nor shall any amounts received from other employment or otherwise by
the  EMPLOYEE  offset  in  any manner the obligations of the EMPLOYER hereunder,
except  as  specifically  stated  in  subparagraph  (B).

     In  the event that payments pursuant to this subsection (c) would result in
the  imposition  of a penalty tax pursuant to Section 280G(b)(3) of the Internal
Revenue  Code  of  1986,  as amended, and the regulations promulgated thereunder
(hereinafter collectively referred to as "SECTION 280G"), such payments shall be
reduced  to  the  maximum  amount  that  may  be paid under SECTION 280G without
exceeding  such  limits.  Payments  pursuant to this subsection (c) also may not
exceed  applicable  limits  established  by  the  Office  of  Thrift Supervision
(hereinafter referred to as the "OTS").  In the event a reduction in payments is
necessary in order to comply with the requirements of this AGREEMENT relating to
the  limitations  of  SECTION  280G  or  applicable OTS limits, the EMPLOYEE may
determine,  in  his  sole  discretion,  which  categories  of payments are to be
reduced  or  eliminated.

          (d)     Termination  Without CHANGE OF CONTROL.  In the event that the
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employment of the EMPLOYEE is terminated by the EMPLOYER or is terminated by the
EMPLOYEE  in  accordance  with  Section  4(a)(ii)  of  this AGREEMENT before the
expiration  of the TERM other than (i) for JUST CAUSE or (ii) in connection with
or after a CHANGE OF CONTROL, the EMPLOYER shall be obligated (A) to  pay to the
EMPLOYEE,  his  designated beneficiaries or his estate, for the remainder of the
TERM,  the  salary  set  forth  in  Section 3(a) of this AGREEMENT or the salary
payable  to  the  EMPLOYEE as a result of any annual salary review in accordance
with  Section 3(b) of this AGREEMENT; and (B) to provide to the EMPLOYEE, at the
EMPLOYER's  expense,  health, disability and life insurance benefits as provided
in Section 3(d)(ii) of this Agreement, until the expiration of the TERM or until
the  earlier  date  the  EMPLOYEE obtains substantially equivalent coverage from
another  full-time  employer.   In  the  event  that  payments  pursuant to this
subsection  (d)  would  result  in  the  imposition of a penalty tax pursuant to
SECTION  280G,  such payments shall be reduced to the maximum amount that may be
paid  under  SECTION  280G without exceeding those limits.  Payments pursuant to
this  subsection  also  may  not exceed the applicable limits established by the
OTS.  In  the event a reduction in payments is necessary in order to comply with
the  requirements  of this AGREEMENT relating to the limitations of SECTION 280G
or  applicable  OTS  limits, the EMPLOYEE may determine, in his sole discretion,
which  categories  of  payments  are  to  be  reduced  or  eliminated.

     (e)     Death of the EMPLOYEE.  The TERM shall automatically terminate upon
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the  death  of  the EMPLOYEE.  In the event of such death, the EMPLOYEE's estate
shall  be entitled to receive the compensation due the EMPLOYEE through the last
day  of  the  calendar  month  in  which the death occurred, except as otherwise
specified  herein.

     (f)     "Golden  Parachute"  Provision.  Any  payments made to the EMPLOYEE
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pursuant  to  this  AGREEMENT  or  otherwise are subject to and conditioned upon
their  compliance  with  12  U.S.C.  Sec.1828(k) and any regulations promulgated
thereunder.

     (g)     Definition  of  "CHANGE  OF  CONTROL".  A "CHANGE OF CONTROL" shall
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mean  any one of the following events: (i) the acquisition of ownership or power
to  vote  more  than  25%  of the voting stock of the EMPLOYER or HCFC; (ii) the
acquisition  of  the  ability  to  control  the  election  of  a majority of the
directors  of  the  EMPLOYER or HCFC; (iii) during any period of two consecutive
years,  individuals  who at the beginning of such period constitute the Board of
Directors  of the EMPLOYER or HCFC cease for any reason to constitute at least a
majority  thereof;  provided,  however,  that  any  individual whose election or
nomination  for election as a member of the Board of Directors was approved by a
vote  of at least two-thirds of the directors then in office shall be considered
to  have  continued  to  be  a  member  of  the  Board of Directors; or (iv) the
acquisition  by  any  person  or  entity of "conclusive control" of the EMPLOYER
within  the  meaning of 12 C.F.R. Sec.574.4(a), or the acquisition by any person
or  entity  of "rebuttable control" within the meaning of 12 C.F.R. Sec.574.4(b)
that  has  not  been  rebutted  in  accordance with 12 C.F.R. Sec.574.4(c).  For
purposes  of  this  paragraph,  the  term  "person"  refers  to an individual or
corporation,  partnership,  trust,  association, or other organization, but does
not  include  the  EMPLOYEE  and any person or persons with whom the EMPLOYEE is
"acting  in  concert"  within  the  meaning  of  12  C.F.R.  Part  574.

     (h)     Legal  Fees.  The  EMPLOYER  shall  promptly pay all legal fees and
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expenses that the EMPLOYEE may incur as a result of the EMPLOYEE or the EMPLOYER
contesting  the  validity  or  enforceability  of  this  AGREEMENT if a court of
competent  jurisdiction  renders  a final decision in favor of the EMPLOYEE with
respect  to any such contest, or to the extent agreed to by the EMPLOYER and the
EMPLOYEE  in  an  agreement  of  settlement  with  respect  to any such contest.

5.     Special  Regulatory Events.  Notwithstanding Section 4 of this AGREEMENT,
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the obligations of the EMPLOYER to the EMPLOYEE shall be as follows in the event
of  the  following  circumstances:

     (a)     If  the  EMPLOYEE  is  suspended and/or temporarily prohibited from
participating  in the conduct of the EMPLOYER's affairs by a notice served under
Section  8(e)  (3)  or (g) (1) of the Federal Deposit Insurance Act (hereinafter
referred  to  as  the  "FDIA"),  the EMPLOYER's obligations under this AGREEMENT
shall  be  suspended  as of the date of service of such notice, unless stayed by
appropriate  proceedings.  If  the  charges  in  the  notice  are dismissed, the
EMPLOYER  shall  (i) pay the EMPLOYEE all of the compensation withheld while the
obligations  in  this  AGREEMENT  were  suspended  and (ii) reinstate any of the
obligations  that  were  suspended.

     (b)     If  the  EMPLOYEE  is  removed  and/or  permanently prohibited from
participating  in the conduct of the EMPLOYER's affairs by an order issued under
Section  8(e)  (4) or (g) (1) of the FDIA, all obligations of the EMPLOYER under
this AGREEMENT shall terminate as of the effective date of such order; provided,
however,  that  vested  rights  of  the  EMPLOYEE  shall not be affected by such
termination.

     (c)     If  the EMPLOYER 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;  provided,  however,  that  vested  rights of the EMPLOYEE shall not be
affected.

     (d)     All obligations under this AGREEMENT shall be terminated, except to
the  extent  of  a  determination  that  the  continuation  of this AGREEMENT is
necessary  for  the  continued operation of the EMPLOYER, (i) by the Director of
the  OTS,  or his or her designee at the time that the Federal Deposit Insurance
Corporation  enters  into  an agreement to provide assistance to or on behalf of
the  EMPLOYER under the authority contained in Section 13(c) of the FDIA or (ii)
by  the Director of the OTS, or his or her designee, at any time the Director of
the  OTS,  or  his  or  her  designee,  approves a supervisory merger to resolve
problems  related  to  the  operation  of  the  EMPLOYER or when the EMPLOYER is
determined  by  the Director of the OTS to be in an unsafe or unsound condition.
No  vested  rights  of  the  EMPLOYEE  shall  be  affected  by  any such action.

6.     Consolidation, Merger or Sale of Assets.  Nothing in this AGREEMENT shall
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preclude  the  EMPLOYER  from  consolidating with, merging into, or transferring
all, or substantially all, of its assets to another corporation that assumes all
of  the  EMPLOYER's  obligations  and  undertakings  hereunder.  Upon  such  a
consolidation, merger or transfer of assets, the term "EMPLOYER" as used herein,
shall  mean  such other corporation or entity, and this AGREEMENT shall continue
in  full  force  and  effect.

7.     Confidential  Information.  The  EMPLOYEE  acknowledges  that  during his
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employment  he  will learn and have access to confidential information regarding
the  EMPLOYER  and  its  customers  and  businesses.  The  EMPLOYEE  agrees  and
covenants  not  to  disclose  or  use for his own benefit, or the benefit of any
other  person  or  entity,  any  confidential  information,  unless or until the
EMPLOYER  consents  to such disclosure or use or such information becomes common
knowledge  in  the  industry  or is otherwise legally in the public domain.  The
EMPLOYEE  shall  not knowingly disclose or reveal to any unauthorized person any
confidential  information  relating to the EMPLOYER, its parent, subsidiaries or
affiliates,  or  to  any  of  the  businesses operated by them, and the EMPLOYEE
confirms  that  such  information  constitutes  the  exclusive  property  of the
EMPLOYER.  The EMPLOYEE shall not otherwise knowingly act or conduct himself (a)
to  the  material detriment of the EMPLOYER, its subsidiaries, or affiliates, or
(b)  in a manner which is inimical or contrary to the interests of the EMPLOYER.

8.     Nonassignability.  Neither  this  AGREEMENT  nor  any  right  or interest
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hereunder  shall  be  assignable  by  the  EMPLOYEE, his beneficiaries, or legal
representatives without the EMPLOYER's prior written consent; provided, however,
that  nothing in this Section 8 shall preclude (a) the EMPLOYEE from designating
a  beneficiary  to receive any benefits payable hereunder upon his death, or (b)
the executors, administrators, or other legal representatives of the EMPLOYEE or
his estate from assigning any rights hereunder to the person or persons entitled
thereto.

9.     No  Attachment.  Except  as  required by law, no right to receive payment
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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 of assignment by operation of law, and any
attempt, voluntary or involuntary, to effect any such action shall be null, void
and  of  no  effect.

10.     Indemnification;  Insurance.
        ---------------------------

     (a)     Indemnification.  The EMPLOYER agrees to indemnify the EMPLOYEE and
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his  heirs,  executors, and administrators to the fullest extent permitted under
applicable  law and regulations, including, without limitation 12 U.S.C. Section
1828(k), against any and all expenses and liabilities reasonably incurred by the
EMPLOYEE  in connection with or arising out of any action, suit or proceeding in
which  the  EMPLOYEE  may be involved by reason of his having been a director or
officer  of the EMPLOYER or any of its subsidiaries, whether or not the EMPLOYEE
is  a  director  or  officer  at  the  time  of  incurring  any such expenses or
liabilities.  Such  expenses  and  liabilities  shall  include, but shall not be
limited  to,  judgments,  court  costs  and  attorney's  fees  and  the  cost of
reasonable  settlements.  The  EMPLOYEE  shall be entitled to indemnification in
respect  of  a  settlement  only  if  the Board of Directors of the EMPLOYER has
approved  such settlement.  Notwithstanding anything herein to the contrary, (i)
indemnification  for expenses shall not extend to matters for which the EMPLOYEE
has  been terminated for JUST CAUSE, and (ii) the obligations of this Section 10
shall  survive  the  TERM  of this AGREEMENT.  Nothing contained herein shall be
deemed  to  provide  indemnification prohibited by applicable law or regulation.

     (b)     Insurance.  During  the  TERM,  the  EMPLOYER  shall  provide  the
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EMPLOYEE  (and  his  heirs, executors, and administrators) with coverage under a
directors'  and  officers'  liability policy at the EMPLOYER's expense, at least
equivalent  to  such  coverage  provided to directors and senior officers of the
EMPLOYER.

11.     Binding  Agreement.  This  AGREEMENT shall be binding upon, and inure to
        ------------------
the  benefit  of,  the  EMPLOYEE and the EMPLOYER and their respective permitted
successors  and  assigns.

12.     Amendment  of AGREEMENT.  This AGREEMENT may not be modified or amended,
        -----------------------
except  by  an  instrument  in  writing  signed  by  the  parties  hereto.

13.     Waiver.  No  term or condition of this AGREEMENT shall be deemed to have
        ------
been  waived,  nor  shall  there  be  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 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  the  act  specifically  waived.

14.     Severability.  If,  for  any  reason, any provision of this AGREEMENT is
        ------------
held  invalid,  such  invalidity  shall  not affect the other provisions of this
AGREEMENT  not held so invalid, and each such other provision shall, to the full
extent  consistent  with  applicable law, continue in full force and effect.  If
this  AGREEMENT  is held invalid or cannot be enforced, then any prior Agreement
between  the  EMPLOYER  (or  any  predecessor thereof) and the EMPLOYEE shall be
deemed  reinstated to the full extent permitted by law, as if this AGREEMENT had
not  been  executed.

15.     Headings.  The headings of the 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.

16.     Governing  Law;  Regulatory Authority.  This AGREEMENT has been executed
        -------------------------------------
and  delivered  in  the  State  of  Ohio  and  its  validity,  interpretation,
performance, and enforcement shall be governed by the laws of the State of Ohio,
except  to  the  extent  that  federal  law is governing.  References to the OTS
included herein shall include any successor primary federal regulatory authority
of  the  EMPLOYER.

17.     Effect  of  Prior  Agreements.  This  AGREEMENT  contains  the  entire
        -----------------------------
understanding  between  the  parties  hereto and supersedes any prior employment
agreement  between  the  EMPLOYER  or  any  predecessor  of the EMPLOYER and the
EMPLOYEE.

18.     Notices.  Any  notice  or  other  communication  required  or  permitted
        -------
pursuant  to  this  AGREEMENT  shall  be  deemed  delivered  if  such  notice or
communication  is  in  writing  and  is  delivered  personally  or  by facsimile
transmission  or  is  deposited  in  the  United  States  mail, postage prepaid,
addressed  as  follows:

     If  to  the  EMPLOYER:

Home  City  Federal  Savings  Bank  of  Springfield
63  West  Main  Street
Springfield,  Ohio  45502

     If  to  the  EMPLOYEE:

Mr.  Douglas  L.  Ulery
          2548  Erter  Drive
          Springfield,  Ohio  45503


     IN  WITNESS  WHEREOF, the EMPLOYER has caused this AGREEMENT to be executed
by its duly authorized officer, and the EMPLOYEE has signed this AGREEMENT, each
as  of  the  day  and  year  first  above  written.

Attest:     HOME  CITY  FEDERAL  SAVINGS  BANK
     OF  SPRINGFIELD


/s/  Jo  Ann  Holdeman                    By  /s/  Clark  Engelmeier
----------------------                    ------------------------


Attest:


/s/  Jo  Ann  Holdeman                    /s/  Douglas  L.Ulery
----------------------                    ---------------------
Douglas  L.  Ulery