Exhibit 10.6

FORM OF EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT is dated as of July 15, 2005 and is between Willow Grove Bank, a federally chartered savings bank (the "Bank"), and
                        (the "Executive").

WITNESSETH

WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of January 20, 2005 (the "Merger Agreement"), between Willow Grove Bancorp, Inc. (the
"Corporation") and Chester Valley Bancorp, Inc., a Pennsylvania corporation ("Chester Valley"), Chester Valley shall, as of the Effective Time (as defined in the Merger Agreement), merge with
and into the Corporation, with the Corporation being the surviving entity (the "Merger");

WHEREAS,
prior to the consummation of the Merger, the Corporation and Chester Valley will respectively cause the Bank and First Financial Bank ("First Financial") to enter into a merger
agreement providing for the merger of First Financial with and into the Bank;

WHEREAS,
the Bank (the "Employer") wishes to provide for the employment by the Employer of the Executive as of the Effective Time of the Merger, and the Executive wishes to serve the
Employer as of the Effective Time of the Merger, on the terms and conditions set forth in this Agreement; and

WHEREAS,
in order to induce the Executive to remain in the employ of the Employer and in consideration of the Executive's agreeing to remain in the employ of the Employer, the parties
desire to specify the severance benefits which shall be due the Executive by the Employer in the event that his employment with the Employer is terminated under specified circumstances;

NOW
THEREFORE, in consideration of the mutual agreements herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows:

1.    Definitions.The following words and terms shall have the meanings set forth below for the purposes of this
Agreement:

(a)Average Annual Compensation.The Executive's "Average Annual Compensation" for purposes of this Agreement
shall be deemed to mean the average amount of Base Salary and cash bonus paid to the Executive by the Employer or any subsidiary thereof during the most recent five calendar years preceding the Date
of Termination (or such shorter period as the Executive was employed).

(b)Base Salary."Base Salary" shall have the meaning set forth in Section 3(a) hereof.

(c)Cause.Termination of the Executive's employment for "Cause" shall mean termination because of 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.

(d)Change in Control of the Corporation."Change in Control of the Corporation" shall mean the occurrence of
any of the following: (i) the acquisition of control of the Corporation as defined in 12 C.F.R. §574.4, unless a presumption of control is successfully rebutted or unless the
transaction is exempted by 12 C.F.R. §574.3(c)(vii), or any successor to such sections; (ii) an event that would be required to be reported in response to Item 5.01 of
Form 8-K or Item 6(e) of Schedule 14A of Regulation 14A pursuant to the Securities Exchange Act of 1934, as amended ("Exchange Act"), or any successor thereto, whether
or not any class of securities of the Corporation is registered under the Exchange Act; (iii) any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes
the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation representing 20% or more of the combined voting
power of the Corporation's then outstanding securities; or (iv) during any period of three consecutive years,

---



individuals
who at the beginning of such period constitute the Board of Directors of the Corporation cease for any reason to constitute at least a majority thereof unless the election, or the
nomination for election by stockholders, of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the
period.

(e)Code."Code" shall mean the Internal Revenue Code of 1986, as amended.

(f)Date of Termination."Date of Termination" shall mean (i) if the Executive's employment is terminated
for Cause or for Disability, the date specified in the Notice of Termination, (ii) if the Executive's employment is terminated due to his death, the date of death, and (iii) if the
Executive's employment is terminated for any other reason, the date on which a Notice of Termination is given or as specified in such Notice.

(g)Disability.Termination by the Employer of the Executive's employment based on "Disability" shall mean
termination because of any physical or mental impairment which qualifies the Executive for disability benefits under the applicable long-term disability plan maintained by the Employer or
any subsidiary or, if no such plan applies, which would qualify the Executive for disability benefits under the Federal Social Security System.

(h)Effective Date.The Effective Date of this Agreement shall mean the date on which the Effective Time of the
Merger, as such terms are defined in the Merger Agreement, occurs.

(i)Good Reason.Termination by the Executive of the Executive's employment for "Good Reason" shall mean
termination by the Executive within twelve (12) months following a Change in Control of the Corporation based on:



(j)IRS.IRS shall mean the Internal Revenue Service.

(k)Notice of Termination.Any purported termination of the Executive's employment by the Employer for any
reason, including without limitation for Cause, Disability or Retirement, or by the Executive for any reason, including without limitation for Good Reason, shall be communicated by written "Notice of
Termination" to the other party hereto. For purposes of this Agreement, a "Notice of Termination" shall mean a dated notice which (i) indicates the specific termination provision in this

2

---



Agreement
relied upon, (ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive's employment under the provision so indicated,
(iii) specifies a Date of Termination, which shall be not less than thirty (30) nor more than ninety (90) days after such Notice of Termination is given, except in the case of the
Employer's termination of the Executive's employment for Cause, which shall be effective immediately, and except as set forth in Section 18(a) hereof; and (iv) is given in the manner
specified in Section 11 hereof.

(l)Retirement."Retirement" shall mean voluntary termination by the Executive in accordance with the Employer's
retirement policies, including early retirement, generally applicable to their salaried employees.

2.    Term of Employment.



3.    Compensation and Benefits.

(a)Base Salary.The Employer shall compensate and pay the Executive for his services during the term of this
Agreement at a minimum base salary of $            per year ("Base Salary"), which may be increased from time to time in such amounts as may be determined by the Board of Directors of the
Employer
and may not be decreased without the Executive's express written consent. In addition to his Base Salary, the Executive shall be entitled to receive during the term of this Agreement such bonus
payments as may be determined by the Board of Directors of the Employer.

(b)Benefit Plans.During the term of this Agreement, the Executive shall be entitled to participate in and
receive the benefits of any pension or other retirement benefit plan, profit sharing, stock option, employee stock ownership, or other plans, benefits and privileges given to employees and executives
of the Employer, to the extent commensurate with his then duties and responsibilities, as fixed by the Board of Directors of the Employer. The Employer shall not make any changes in such plans,
benefits or privileges which would adversely affect the Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all executive officers of the Employer
and does not result in a disproportionately greater adverse change in the rights of or benefits to the Executive as compared with any other executive officer of the Employer. Nothing paid to the
Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the salary payable to the Executive pursuant to Section 3(a) hereof.

3

---



(c)Vacation.During the term of this Agreement, the Executive shall be entitled to paid annual vacation in
accordance with the policies as established from time to time by the Board of Directors of the Employer. The Executive shall not be entitled to receive any additional compensation from the Employer
for failure to take a vacation, nor shall the Executive be able to accumulate unused vacation time from one year to the next, except to the extent authorized by the Board of Directors of the Employer.

4.    Expenses.The Employer shall reimburse the Executive or otherwise provide for or pay for all reasonable
expenses incurred by the Executive in furtherance of or in connection with the business of the Employer, including, but not by way of limitation, automobile expenses and other traveling expenses,
subject to such reasonable documentation and other limitations as may be established by the Board of Directors of the Employer. If such expenses are paid in the first instance by the Executive, the
Employer shall reimburse the Executive therefor.

5.    Termination.

(a)General.The Employer shall have the right, at any time upon prior Notice of Termination, to terminate the
Executive's employment hereunder for any reason, including without limitation termination for Cause, Disability or Retirement, and the Executive shall have the right, upon prior Notice of Termination,
to terminate his employment hereunder for any reason.

(b)For Cause.In the event that the Executive's employment is terminated by the Employer for Cause, the
Executive shall have no right pursuant to this Agreement to compensation or other benefits for any period after the applicable Date of Termination.

(c)Voluntary Termination by the Executive.In the event the Executive terminates his employment hereunder other
than for death, Disability, Retirement, Good Reason or an uncured material breach of this Agreement by the Employer, then the Executive shall have no right pursuant to this Agreement to compensation
or other benefits for any period after the applicable Date of Termination.

(d)Death.In the event the Executive's employment hereunder is terminated due to death, neither the Executive
nor his estate or named beneficiaries shall have any right pursuant to this Agreement to compensation or other benefits for any period after the Date of Termination.

(e)Disability.In the event the Executive's employment hereunder is terminated due to Disability, the Executive
shall be entitled to receive any disability benefits provided under any disability plan maintained by the Employer. Other than as set forth above, the Executive shall have no right pursuant to this
Agreement to compensation or other benefits for any period after the Date of Termination.

(f)Retirement.In the event the Executive's employment hereunder is terminated due to Retirement, the Executive
shall have no right pursuant to this Agreement to compensation or other benefits for any period after the Date of Termination.

(g)Involuntary Termination.In the event that (i) the Executive's employment is terminated by the
Employer for other than Cause, Disability, Retirement or the Executive's death or (ii) such employment is terminated by the Executive due to a material breach of this Agreement by the Employer,
which breach has not been cured within fifteen (15) days after a written notice of non-compliance has been given by the Executive to the Employer, then the Employer shall pay to the
Executive, within the earlier of thirty (30) days following the Date of Termination or the next following December 31, a cash severance amount equal to one times the Executive's current
Base Salary; provided, however, that this Section 5(g) shall not be applicable if the termination of employment occurs concurrently with or subsequent to a Change in Control of the Corporation.

4

---



(h)Change in Control Termination.In the event that (i) the Executive's employment is terminated
concurrently with or within twelve (12) months following a Change in Control of the Corporation for other than Cause, Disability, Retirement or the Executive's death or (ii) the
Executive elects to terminate his employment for Good Reason, then the Employer shall, subject to the provisions of Section 6 hereof, if applicable,



6.    Limitation of Benefits under Certain Circumstances.If the payments and benefits pursuant to Section 5
hereof, either alone or together with other payments and benefits which the Executive has the right to receive from the Employer, Chester Valley, First Financial and their affiliates, would constitute
a "parachute payment" under Section 280G of the Code, the payments and benefits payable by the Employer pursuant to Section 5 hereof shall be reduced, in the manner determined by the
Executive, by the amount, if any, which is the minimum necessary to result in no portion of the payments and benefits payable by the Employer under Section 5 being non-deductible to
the Employer pursuant to Section 280G of the Code and subject to the excise tax imposed under Section 4999 of the Code. The determination of any reduction in the payments and benefits to
be made pursuant to Section 5 shall be based upon the opinion of independent counsel selected by the Employer and paid by the Employer. Such counsel shall be reasonably acceptable to the
Employer and the Executive; shall promptly prepare the foregoing opinion, but in no event later than thirty (30) days from the Date of Termination; and may use such actuaries as such counsel
deems necessary or advisable for the purpose. Nothing contained herein shall result in a reduction of any payments or benefits to which the Executive may be entitled upon termination of employment
under any circumstances other than as specified in this Section 6, or a reduction in the payments and benefits specified in Section 5 below zero.

7.    Mitigation; Exclusivity of Benefits.



5

---





8.    Withholding.All payments required to be made by the Employer hereunder to the Executive shall be subject to
the withholding of such amounts, if any, relating to tax and other payroll deductions as the Employer may reasonably determine should be withheld pursuant to any applicable law or regulation.

9.    Competitive Activities



6

---





10.    Assignability.The Employer may assign this Agreement and its rights and obligations hereunder in whole, but
not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets,
if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made
a
party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

11.    Notice.For the purposes of this Agreement, notices and all other communications provided for in this
Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by first-class certified or registered mail, return receipt requested, postage prepaid, addressed to
the respective addresses set forth below:

|To the Employer:  | Secretary
Willow Grove Bank
Welsh & Norristown Roads
Maple Glen, Pennsylvania 19002-8030
|----------------- | ----------------------------------------------------------------------------------------
|To the Executive: | At his last address on file with
the Employers                                          

12.    Amendment; Waiver.(a) Except as set forth in Section 12(b) below, no provisions of this
Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Executive and such officer or officers as may be specifically
designated by the Board of Directors of the Employer to sign on its behalf. No waiver by any party hereto at any time of any breach by any 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 same or at any prior or subsequent time.



7

---





13.    Governing Law.The validity, interpretation, construction and performance of this Agreement shall be
governed by the laws of the United States where applicable and otherwise by the substantive laws of the Commonwealth of Pennsylvania.

14.    Nature of Obligations.Nothing contained herein shall create or require the Employer to create a trust of
any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employer hereunder, such right shall be no greater than
the right of any unsecured general creditor of the Employer.

15.    Headings.The section headings contained in this Agreement are for reference purposes only and shall not
affect in any way the meaning or interpretation of this Agreement.

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

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

18.    Regulatory Actions.The following provisions shall be applicable to the parties to the extent that they are
required to be included in employment agreements between a savings association and its employees pursuant to Section 563.39(b) of the Regulations Applicable to All Savings Associations, 12
C.F.R.
§563.39(b), or any successor thereto, and shall be controlling in the event of a conflict with any other provision of this Agreement, including without limitation Section 5 hereof.



8

---





19.    Regulatory Prohibition.Notwithstanding any other provision of this Agreement to the contrary, any payments
made to the Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the FDIA (12 U.S.C. §1828(k)) and the
regulations promulgated thereunder, including 12 C.F.R. Part 359. In the event of the Executive's termination of employment with the Bank for Cause, all employment relationships and managerial
duties with the Bank shall immediately cease regardless of whether the Executive remains in the employ of the Corporation following such termination. Furthermore, following such termination for Cause,
the Executive will not, directly or indirectly, influence or participate in the affairs or the operations of the Bank.

20.    Payment of Costs and Legal Fees and Reinstatement of Benefits.In the event any dispute or controversy
arising under or in connection with the Executive's termination is resolved in favor of the Executive, whether by judgment, arbitration or settlement, the Executive shall be entitled to the payment of
(a) all legal fees incurred by the Executive in resolving such dispute or controversy, and (b) any back-pay, including Base Salary, bonuses and any other cash compensation,
fringe benefits and any compensation and benefits due to the Executive under this Agreement.

21.    Entire Agreement.This Agreement embodies the entire agreement between the Employer and the Executive with
respect to the matters agreed to herein. All prior agreements between the Employer and the Executive with respect to the matters agreed to herein are hereby superseded and shall have no force or
effect, including the agreement between the parties dated January 20, 2005. Without limiting the generality of the preceding sentence, the parties hereto agree that, immediately prior to the
Effective Date, the Agreement dated June 30, 2003 between Chester Valley, First Financial and the Executive (the "Old Agreement") shall be cancelled and shall have no force and effect, and the
Executive agrees that he shall not be entitled to and shall not receive any payments or benefits pursuant to the Old Agreement as a result of the transactions contemplated by the Merger Agreement.

9

---



IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.

|Attest:                                   |  | WILLOW GROVE BANK
|----------------------------------------- |  | -----------------
|Christopher E. Bell
Senior Vice President |  | By:              
|                                          |  | EXECUTIVE        
|                                          |  | By:              

10

---



QuickLinks