EXHIBIT 10(D)

                              EMPLOYMENT AGREEMENT

         AGREEMENT made as of this 8th day of June,  1998,  between JAMES MONROE
BANCORP,  INC. (the "CORPORATION"),  a corporation  organized and existing under
the laws of the Commonwealth of Virginia,  with principal offices at 3033 Wilson
Boulevard,  Arlington,  Virginia  22201,  JAMES MONROE  BANK,  (the  "BANK"),  a
Virginia commercial bank wholly-owned by the Corporation, and RICHARD I. LINHART
("LINHART"),  also  referred  to  below,  collectively,  as the  "parties"  and,
individually, as a "party."

         WITNESSETH   THAT,  in   consideration  of  the  mutual  covenants  and
obligations hereinafter set forth, the parties hereto agree as follows:

         1. PERIOD OF  EMPLOYMENT.  The Bank shall continue to employ Linhart as
its Executive Vice President/Chief  Operating Officer through December 31, 2001.
Linhart  agrees  to  serve  the Bank in such  capacity.  As the  Executive  Vice
President/Chief Operator [sic] Officer, Linhart's duties shall be those normally
undertaken by such officers of banks similar to the Bank in nature and size.

         2. COMMITMENT OF EXECUTIVE. So long as this Agreement shall continue in
effect,  Linhart  shall  faithfully  and  diligently  discharge  his  duties and
responsibilities  under this Agreement,  shall use his best efforts to implement
the policies established by the Board of Directors of the Bank, and shall devote
all of his business  time and  attention  to the affairs of the Bank,  except as
otherwise agreed by the Board of Directors.

         3. COMPENSATION.

         (a)  The  Bank  shall  compensate   Linhart  at  the  initial  rate  of
Eighty-Five  Thousand  Dollars  ($85,000.00) per year through December 31, 1998.
During the period commencing January 1, 1999 through December 31, 1999, the Bank
shall pay to  Linhart a base  salary of Ninety  Thousand  Dollars  ($90,000.00).
Thereafter,  Linhart shall be  compensated  at such rate, no less than the prior
year's rate,  as may be  determined  in the sole  discretion of the Bank and its
Board of Advisors.

         (b)  Salary  as  provided  above  will  be  payable  less   appropriate
deductions as required by law and shall be paid in appropriate  installments  to
conform with the Bank's regular payroll dates.

         (c) During the term of this Agreement, the Bank may pay Linhart a bonus
after the end of a calendar year. The payment of a bonus, if any, and the amount
and term thereof  shall be in the sole  discretion  of the Bank and its Board of
Directors.

         4. OTHER BENEFITS.

         (a) During the term of this  Agreement,  the Bank shall provide Linhart
with major medical health insurance as is provided to officers of the Bank.

         (b) The Corporation shall grant Linhart the option to acquire up to Ten
Thousand  (10,000)  shares  of the  Corporation's  common  stock at the  stock's
current fair market value of Ten Dollars  ($10.00) per share.  This option shall
become vested with respect to 3,333 shares on June 8, 1999,  vested with respect
to an additional  3,333 shares on June 8, 2000,  and vested as to the balance of
3,334 shares on June 8, 2001, and shall remain  outstanding  for a period of ten
(10) years from its grant. This grant shall be exercisable, in whole or in part,
during the period it is  outstanding,  subject to the terms of the James  Monroe
Bank Stock Option Plan, as adopted by the Corporation.  It is intended that said
options be  "non-qualified  stock options" within the terms of such Plan and the
Internal Revenue Code and, on exercise,  the Corporation shall reimburse Linhart
for any income  taxes  payable by him as an incident of such  exercise up to the
amount of the tax  benefit  received  by the  Corporation  upon the  exercise by
Linhart of any of said  options.  For purposes of this  subsection  (b), the tax
benefit,  if any,  received by the  Corporation  upon the exercise by Linhart of
said options shall be computed with reference only to the operations of the Bank
(and any

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companies  wholly-owned by the Bank) and without  considering the tax effects to
the  Corporation of any other banking or other entities in which the Corporation
may then have an interest. Additionally, if the Corporation seeks or is required
to register any of its securities  under the Securities Act of 1933, as amended,
or file reports under the Securities Exchange Act of 1934, as amended,  with the
U.S. Securities and Exchange Commission,  it shall, at its expense,  cause to be
registered, without restrictions thereon (except as may be required by law), all
shares of stock acquired by Linhart, upon his exercise of the said non-qualified
options with respect thereto.

         (c) Linhart  shall be  reimbursed  for  reasonable  traveling and other
expenses incurred or paid by Linhart in accordance with the Bank's policy and in
connection  with the  performance  of his services  under this  Agreement,  upon
presentation  of  expense  statements  or  vouchers  or  such  other  supporting
information as may from time to time be requested.

         (d) In the event of Linhart's  disability  to perform his duties due to
illness or incapacity, the Bank shall continue his full base salary for a period
of three (3) months from the commencement of said disability .Additionally,  for
the  subsequent  three (3) month  period,  the Bank  shall pay to  Linhart  that
portion  of his base  salary  such that the total  amount  received  by  Linhart
pursuant to this sentence plus the amount received pursuant to the Bank's income
disability policy equals his full base salary for aid subsequent three (3) month
period. Thereafter,  Linhart shall only be entitled to receive payments pursuant
to the Bank's income disability policy.

         (e) Linhart shall be entitled to participate in and enjoy  according to
Bank policy any and all pension,  retirement,  profit-sharing,  stock  purchase,
stock option, life insurance, accident insurance, medical reimbursement,  health
insurance or hospitalization  plan, cafeteria plan, deferred  compensation plan,
vacations, holidays and other leave and any other fringe benefits in which other
employees or executives of the Bank are eligible to participate.

5.       TERM AND TERMINATION.

         (a) This  Agreement  shall be  effective  as of the  date  first  above
written and shall remain in effect through December 31, 2001.

         (b)  During  the  term of  this  Agreement,  this  Agreement  shall  be
terminated:

              (1)      Upon the death of Linhart; or

              (2) In the event of the  permanent  disability  of Linhart,  which
shall mean a  disability  due to illness or  incapacity  resulting  in Linhart's
inability to perform his duties for a period of six (6) consecutive  months,  or
for an aggregate  period of nine (9) months,  or more,  in any twelve (12) month
period during the term of this Agreement; or

              (3) In the event of Linhart's  "dismissal  for just cause",  which
shall mean a termination of Linhart's  employment  because of Linhart's personal
dishonesty,  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 other acts which in the good faith opinion of
the  Board of  Directors  of the  Bank  has a  material  adverse  effect  on the
interests of the Bank.

         (c) In the event  Linhart's  employment  is  terminated  by the Bank in
breach of this Agreement on or before December 31, 2001, or in the event Linhart
leaves his  employment  under this Agreement as a result of the Bank's breach of
this  Agreement,  then, as liquidated  damages,  Linhart shall be (i) paid for a
period  equal to the greater of twelve (12)  months or the  remaining  unexpired
term of this  Agreement,  at the full  amount  of base  salary,  bonus and other
benefits which he was receiving at the time of such termination,  as provided in
this  Agreement  (said sum to be paid,  at the option of Linhart,  in either one
lump sum within  thirty  (30) days of such  termination,  or in  periodic  equal
monthly payments over the following twelve (12) month period),  and (ii) receive
executive out placement  assistance from an organization of Linhart's choice and
the cost therefor,  up to an amount equal to eighteen  percent (18%) of his base
salary at the time of such termination, shall be borne by the Bank. In the event
the monies payable to or for Linhart pursuant to the foregoing provisions of the
subparagraph  (d) result in a federal  excise  tax  obligation  on Linhart  with
respect to such  payments,  then, at Linhart's  discretion,  the total amount of
such payments  shall be reduced to the maximum amount that may be paid to or for
Linhart  without  causing him to incur any such  federal  excise tax  obligation
thereon.



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6.     CHANGE IN CONTROL.

              (a) Notwithstanding  any provision herein to the contrary,  in the
              event  of the  termination  of  Linhart's  employment  under  this
              Agreement  for "Good  Reason" in  connection  with,  or within six
              months after, any Change in Control of the Bank,  Linhart shall be
              paid for a period  equal to twelve  (12) months at the full amount
              of salary and other benefits which he was receiving at the time of
              the termination,  as provided in this Agreement. Said sum shall be
              paid,  at the  option of  Linhart,  in either  one lump sum within
              thirty (30) days of such termination, or in periodic payments over
              the remaining  term of this  Agreement as if Linhart's  employment
              had not been terminated, and such payments shall be in lieu of any
              other future payments which Linhart would be otherwise entitled to
              receive  under  Paragraphs  3 and 4  (other  than  4(b))  of  this
              Agreement.

         (b) The term  "Change in Control"  shall mean  anyone of the  following
events  occurring  during the term of this Agreement and subsequent to September
1, 1999: (1) the acquisition of ownership of, holding or power to vote more than
51% of the Bank's voting stock;  (2) the acquisition of the power to control the
election  of  a  majority  of  the  Bank's  directors;  (3)  the  exercise  of a
controlling  influence over the management or policies of the Bank by any person
or by persons  acting as a "group"  (within the meaning of Section  13(d) of the
Securities Exchange Act of 1934); or (4) the failure of Continuing  Directors to
constitute  at least  two-thirds  of the  Board  during  any  period  of two (2)
consecutive years. For purposes of this Agreement,  "Continuing Directors" shall
include  only those  individuals  who were  members of the Board on September 1,
1999 and those other  individuals whose election or nomination for election as a
member  of the  Board  was  approved  by a vote of at  least  two-thirds  of the
Continuing Directors then in office. 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.

         (c)  Termination  of Linhart's  employment for "Good Reason" shall mean
termination,  initiated by Linhart  (other than a termination of employment as a
result of a breach by the Bank of this  Agreement,  subject to the provisions of
subparagraph  5( c ), or a breach of this  Agreement  by Linhart) as a result of
any of the following:

         (i) A material change in Linhart's  status or position with the Bank or
material change in Linhart's  duties or  responsibilities  which is inconsistent
with his status or position,  or any removal of Linhart  from, or any failure to
reappoint or reelect  Linhart to, such  position,  except in  connection  with a
dismissal for just cause or disability or as a result of Linhart's death.

         (ii) A  reduction  by the Bank in  Linhart's  base  salary as in effect
immediately prior to the change in control.

         (iii)  The  failure  by the Bank to  continue  in  effect  any Plan (as
hereinafter defined) in which Linhart is participating at the time of the change
in  control  of the Bank (or  Plans  providing  at least  substantially  similar
benefits)  other than as a result of the normal  expiration  of any such Plan in
accordance with its terms as in effect at the time of the change in control,  or
the  taking of any  action,  or the  failure  to act,  by the Bank  which  would
adversely  affect Linhart's  continued  participation in any of such Plans on at
least as  favorable  a basis to Linhart as is the case on the date of the change
in control.

         (iv) The Bank's  requiring  Linhart  to be based more than  twenty-five
(25) miles from where his office is located  immediately  prior to the change in
control  except  for  required  travel  on  the  Bank's  business  to an  extent
substantially consistent with the business travel obligations which he undertook
on behalf of the Bank prior to the change in control.

         (v) Any purported  termination by the Bank of Linhart's  employment not
satisfying the requirements of this Agreement;

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         (vi) Any refusal by the Bank to continue to allow  Linhart to attend to
matters or engage in activities not directly related to the business of the Bank
which,  prior to the change in control,  Linhart was  permitted  by the Board to
attend or to engage in.

                           For  purposes of this  subsection,  "Plan" shall mean
any compensation plan, such as an incentive or stock

option plan, or any employee  benefit plan,  such as a thrift,  pension,  profit
sharing,  medical  disability,  accident,  life insurance plan or policy, or any
other plan, program or policy of the Bank intended to benefit employees.

         7. CONFIDENTIALITY.  Linhart agrees that he will regard and preserve as
confidential all proprietary information pertaining to the business of the Bank,
or its customers,  subsidiaries or affiliates that may be obtained by him during
the  course of his  employment  and  thereafter  and,  to the  extent  that such
information does not become public knowledge,  that he will not, without written
authority from the Bank,  directly or indirectly,  disclose to others during his
employment or thereafter,  any of such proprietary  information  obtained by him
while  employed  hereunder.  The above  shall not be  construed  as  restricting
Linhart from disclosing such information to employees of the Bank who reasonably
require access to such information in order to discharge their duties.

         8. BINDING EFFECT. This Agreement shall be binding upon and shall inure
to the benefit of the parties,  the successors and assigns of the Bank (the term
"Bank" as used herein shall include such successors and assigns), and the heirs,
executors  administrators,  guardians  and  other  personal  representatives  of
Linhart.

         9. ENTIRE AGREEMENT.  This instrument  contains the entire agreement of
the parties relating to the subject matter hereof and supersedes and cancels all
prior  written  and oral  agreements  and  understandings  between  the  parties
relating  to the  subject  matter  of this  Agreement,  which  are not set forth
herein.  No amendment or  modification  of this Agreement  shall be valid unless
made in writing and signed by the parties  hereto.  No term or condition of this
Agreement  shall be deemed to have been waived  except by written  instrument of
the party charged with such waiver.

         10.  GOVERNING LAW. This Agreement will be construed in accordance with
the laws of the Commonwealth of Virginia.


         11. NOTICES.  All notices to be sent to either party by the other party
hereto  pursuant  to this  Agreement  shall  be sent by  registered  mail to the
following respective addresses:

              (a)      Corporation: If to the Corporation, addressed to it at:

                       3033 Wilson Boulevard
                       Arlington, Virginia  22201

                       With a required copy to:

                       David W. Pijor, Esquire
                       10482 Armstrong Street
                       Fairfax, Virginia  22030

                       Bank. If to the Bank, addressed to it at:

                       3033 Wilson Boulevard
                       Arlington, Virginia  22201

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                       With a required copy to:

                       David W. Pijor, Esquire
                       10482 Armstrong Street
                       Fairfax, Virginia  22030

                  (b)  Linhart.  If to Linhart, addressed to him at:

                       115 N. Lee Street, #202
                       Alexandria, Virginia  22314

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

                                                     JAMES MONROE BANCORP , INC.
ATTEST:                                     a Virginia corporation

________________________                    By:_________________________________
                                               David W. Pijor
                                               Chairman

                                            JAMES MONROE BANCORP , INC.
ATTEST:                                     a Virginia corporation

________________________                    By:_________________________________
                                               John R. Maxwell
                                               President/CEO



------------------------                    ------------------------------------
Witness                                     Richard I. Linhart




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