Exhibit 10(b)

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                 AMENDMENT ONE TO EXECUTIVE EMPLOYMENT AGREEMENT

      This amendment Number One (the "Amendment") to the Executive Employment
Agreement dated August 8, 2000, and effective as of January 1, 2002 (the
"Agreement") is made and entered into on the date set forth below by and between
Allied First Bancorp, Inc. (the "Holding Company") and Allied First Bank, sb,
Naperville, Illinois (the "Bank"), and Kenneth L. Bertrand (the "Employee"). The
Holding Company and the Bank are hereinafter sometimes referred to as "the
Employer."

                                    RECITALS

      The Employee is currently serving as President and Chief Executive Officer
fo the Employer; and

      The Board of Directors of the Holding Company and the Bank ("the Board")
believe it is in the best interest of the Employer to enter into the Amendment
with the Employee in order to assure continuity of management of the Employer
and to reinforce and encourage the continued attention and dedication of the
Employee to the Employee's assigned duties; and

      The Employer wishes to extend the term of the Agreement, to make a peer
adjustment increase of $10,000 to the annual salary of the Employee, to make an
annual increase of $6,000 to the annual salary of the Employee, and to increase
the nonqualified Retirement Plan contribution by $500;

      Now therefore, in consideration of the foregoing and of the respective
covenants and agreements of the parties herein, the parties agree as follows:

      1. If there is any conflict between the language of the Amendment and the
language of the Agreement, the language of the Amendment shall control

      2. Section 2(a) of the Agreement is hereby amended to read as follows:

            Base Salary. The Employer shall pay the Employee during the term of
            this Agreement a base salary of $156,000 per year, or such
            additional amount as may be established by the Board from time to
            time. The Employee's base salary shall be reviewed by the Board on
            at least an annual basis.

      3. Section 3(G) of the Agreement is hereby amended to read as follows:

            Nonqualified Retirement Plan. The Employer shall establish a
            nonqualified retirement plan for the benefit of the Employee that
            will (i) be funded by the Employer with a minimum of $9,000 per
            year; and (ii) include provisions for (A) twenty percent (20%)
            annual vesting on a rolling basis; (B) one hundred percent (100%)
            vesting upon the death, disability, or termination of employment of
            the Employee by the Employer without cause; and (C) payment of the
            benefit to the Employee upon death, disability, retirement after
            having attained age sixty-two (62); or (D) having attained age
            sixty-five (65), whichever shall first occur.

      4. Section 4 of the Agreement is hereby amended to read as follows:

            TERM. This Agreement shall be effective as of January 1, 2003 ("The
            Commencement Date"), and subject to the provisions for earlier
            termination, shall run through and including December 31, 2005.

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      The parties have executed this Amendment Number One to the Executive
Employment Agreement, dated August 8, 2002, this 19th December, 2002, to be
effective as of January 1, 2003.

Employer:                               Employee:

Holding Company:
Allied First Bancorp, Inc.

By:   /s/ John G. Maxwell, Jr.          /s/ Kenneth L. Bertrand
      ------------------------          -----------------------
      John G. Maxwell, Jr.              Kenneth L. Bertrand
      Chairman of the Board


Bank
Allied First Bank, sb

By:   /s/ John G. Maxwell, Jr.
      ------------------------
      John G. Maxwell, Jr.
      Chairman of the Board