Exhibit 10(ii)

                        EXECUTIVE SUPPLEMENTAL RETIREMENT

                              INCOME AGREEMENT FOR

                                GREGORY J. KREIS

                           OSWEGO COUNTY SAVINGS BANK

                                Oswego, New York

                                 March 15, 2000


                  Financial Institution Consulting Corporation

                          700 Colonial Road, Suite 260

                            Memphis, Tennessee 38117

                              WATS: 1-800-873-0089

                               FAX: (901) 684-7411

                                 (901) 684-7400


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                        EXECUTIVE SUPPLEMENTAL RETIREMENT

                      INCOME AGREEMENT FOR GREGORY J. KREIS

         This Executive Supplemental Retirement Income Agreement ("Agreement"),
executed as of this 15th day of March, 2000, formalizes the understanding by and
between OSWEGO COUNTY SAVINGS BANK, a state chartered mutual savings bank having
its principal place of business in New York, hereinafter referred to as "Bank"
and Gregory J. Kreis, hereinafter referred to as "Executive." Any reference
herein to the "Holding Company" shall mean Oswego County Bancorp, Inc. and any
reference herein to the "Mutual Holding Company" shall mean Oswego County Mutual
Holding Co., M.H.C.

                                   WITNESSETH:

         WHEREAS, the Executive is employed by the Bank;

         WHEREAS, the Bank recognizes the valuable services heretofore performed
for it by Executive and wishes to encourage continued employment;

         WHEREAS, the Executive wishes to be assured that he will be entitled to
a certain amount of extended compensation for some definite period of time from
and after his retirement from active service with the Bank or other termination
of his employment and wishes to provide his beneficiary with benefits from and
after his death;

         WHEREAS, the parties hereto wish to provide the terms and conditions
upon which the Bank shall pay such extended compensation to Executive after his
retirement or other termination of his employment and/or death benefits to his
beneficiary after his death;


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         WHEREAS, the parties hereto intend that this Agreement be considered an
unfunded arrangement, maintained primarily to provide supplemental retirement
income for the Executive, a member of a select group of management or highly
compensated employees of the Bank for purposes of the Employee Retirement Income
Security Act of 1974, as amended;

         WHEREAS, the Bank has adopted this Executive Supplemental Retirement
Income Agreement which controls all issues relating to the Supplemental
Retirement Income Benefit as described herein;

         NOW, THEREFORE, in consideration of the mutual promises herein
contained, the parties hereto agree as follows:

                                    SECTION I

                                   DEFINITIONS

         When used herein, the following words shall have the meanings below
unless the context clearly indicates otherwise:

1.1      "Accrued Benefit" means that portion of the Supplemental Retirement
         Income Benefit which is required to be expensed and/or accrued under
         generally accepted accounting principles by any appropriate methodology
         which the Board of Directors may require in the exercise of its sole
         discretion payable over the Payout Period.

1.2      "Act" means the Employee Retirement Income Security Act of 1974, as it
         may be amended from time to time.


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1.3      "Bank" means OSWEGO COUNTY SAVINGS BANK and any successor thereto.

1.4      "Beneficiary" means the person or persons designated as beneficiary in
         writing to the Bank to whom the share of a deceased Executive's account
         is payable. If no beneficiary is so designated, then the Executive's
         Spouse, if living, will be deemed the beneficiary. If the Executive's
         Spouse is not living, then the Children of the Executive will be deemed
         beneficiary. If there are no living Children, then the Estate of the
         Executive will be deemed the beneficiary.

1.5      "Cause" means personal dishonesty, willful misconduct, willful
         malfeasance, 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, including
         driving while intoxicated, or similar offenses), final cease-and-desist
         order, material breach of any provision of this Agreement, or gross
         negligence in matters of material importance to the Bank.

1.6      A "Change in Control" shall mean and include the following with respect
         to the Mutual Holding Company, the Bank, or the Holding Company:

         (1)      a reorganization, merger, merger conversion, consolidation or
                  sale of all or substantially all of the assets of the Bank,
                  the Mutual Holding Company or the Holding Company, or a
                  similar transaction in which the Bank, the Mutual Holding
                  Company or the Holding Company is not the resulting entity; or


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         (2)      individuals who constitute the board of directors of the Bank,
                  the Mutual Holding Company or the Holding Company on the date
                  hereof (the "Incumbent Board") cease for any reason to
                  constitute at least a majority thereof, provided that any
                  person becoming a director subsequent to the date hereof whose
                  election was approved by a vote of at least three-quarters of
                  the directors comprising the Incumbent Board, or whose
                  nomination for election was approved by the Holding Company's
                  nominating committee which is comprised of members of the
                  Incumbent Board, shall be, for purposes of this clause (ii)
                  considered as though he were a member of the Incumbent Board.

         Notwithstanding the foregoing, a "Change in Control" of the Bank or the
         Holding Company shall not be deemed to have occurred if the Mutual
         Holding Company ceases to own at least 51% of all outstanding shares of
         stock of the Holding Company in connection with a liquidation of the
         Mutual Holding Company into the Holding Company or a conversion of the
         Mutual Holding Company from mutual to stock form.

         In addition, "Change in Control" shall mean and include the following
         with respect to the Bank or the Holding Company in the event that the
         Mutual Holding Company converts to stock form or in the event that the
         Holding Company issues shares of its common stock to stockholders other
         than the Mutual Holding Company:

         (1)      a change in control of a nature that would be required to be
                  reported in response to Item 1(a) of the current report on
                  Form 8-K, as in effect on the date hereof, pursuant to Section
                  13 or 15(d) of the Securities Exchange Act of 1934
                  (hereinafter the "Exchange Act"); or

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         (2)      an acquisition of "control" as defined in the Bank Holding
                  Company Act and applicable regulations thereunder ("BHCA"), as
                  determined by the Board of Directors of the Bank or the
                  Holding Company; or

         (3)      at such time as:

                  (1)      any "person" (as the term is used in Sections 13(d)
                           and 14(d) of the Exchange Act) or "group acting in
                           concert" is or becomes the "beneficial owner" (as
                           defined in Rule 13d-3 under the Exchange Act),
                           directly or indirectly, of securities of the Bank
                           representing Twenty Percent (20%) or more of the
                           combined voting power of the Bank's or Holding
                           Company's outstanding securities ordinarily having
                           the right to vote at the elections of directors,
                           except for any stock purchased by the Bank's Employee
                           Stock Ownership Plan and/or the trust under such
                           plan; or

                  (2)      a proxy statement is issued soliciting proxies from
                           the stockholders of the Holding Company by someone
                           other than the current management of the Holding
                           Company, seeking stockholder approval of a plan of
                           reorganization, merger, or consolidation of the
                           Holding Company with one or more corporations as a
                           result of which the outstanding shares of the class
                           of the Holding Company's securities are exchanged for
                           or converted into cash or property or securities not
                           issued by the Holding Company.

                  The term "person" includes an individual, a group acting in
                  concert, a corporation, a partnership, an association, a joint
                  venture, a pool, a joint stock

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                  company, a trust, an unincorporated organization or similar
                  company, a syndicate or any other group formed for the purpose
                  of acquiring, holding or disposing of securities. The term
                  "acquire" means obtaining ownership, control, power to vote or
                  sole power of disposition of stock, directly or indirectly or
                  through one or more transactions or subsidiaries, through
                  purchase, assignment, transfer, exchange, succession or other
                  means, including (1) an increase in percentage ownership
                  resulting from a redemption, repurchase, reverse stock split
                  or a similar transaction involving other securities of the
                  same class; and (2) the acquisition of stock by a group of
                  persons and/or companies acting in concert which shall be
                  deemed to occur upon the formation of such group, provided
                  that an investment advisor shall not be deemed to acquire the
                  voting stock of its advisee if the advisor (a) votes the stock
                  only upon instruction from the beneficial owner and (b) does
                  not provide the beneficial owner with advice concerning the
                  voting of such stock. The term "security" includes
                  nontransferable subscription rights issued pursuant to a plan
                  of conversion, as well as a "security," as defined in 15
                  U.S.C. ss. 78c(2)(1); and the term "acting in concert" means
                  (1) knowing participation in a joint activity or
                  interdependent conscious parallel action towards a common goal
                  whether or not pursuant to an express agreement, or (2) a
                  combination or pooling of voting or other interests in the
                  securities of an issuer for a common purpose pursuant to any
                  contract, understanding, relationship, agreement or other
                  arrangement, whether written or otherwise. Further, acting in
                  concert with any person or company shall also be deemed to be
                  acting in concert with any person or company that is acting in
                  concert with such other person or company.

                  Notwithstanding the above definitions, the boards of directors
                  of the Bank or the Holding Company, in their absolute
                  discretion, may make a finding that a Change in Control of the
                  Bank or the Holding Company has taken place without the
                  occurrence of any or all of the events enumerated above.


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1.7      "Children" means the Executive's children, both natural and adopted and
         any issue of any predeceased Children, then living at the time payments
         are due the Children under this Agreement.

1.8      "Code" means the Internal Revenue Code of 1986 as amended from time to
         time.

1.9      "Effective Date" shall be the March 15, 2000.

1.10     "Estate" means the estate of the Executive.

1.11     "Interest Factor" means Seven Per Cent (7%) per annum.

1.12     "Normal Retirement Date" means the first day of the month coincident
         with or next following the Executive's sixty-fifth (65th) birthday.

1.13     "Payout Period" means the time frame during which certain benefits
         payable hereunder shall be distributed. Payments shall be made in equal
         monthly installments commencing within thirty (30) days following the
         occurrence of the event which triggers distribution and continuing for
         One Hundred Eighty (180) consecutive months or for the life of the
         Executive whichever is longer. For purposes of the Survivor's Benefit
         payable hereunder, the Payout Period shall be One Hundred Eighty (180)
         consecutive months.

1.14     "Permanently and Totally Disabled" means Executive has, for at least
         six (6) months, been unable to perform the services incident to his
         position with the Bank as a result of accidental bodily injury or
         sickness and that the status is likely to continue for an indefinite
         period, as reasonably determined subsequent to the expiration of the
         six (6) month period by a duly licensed physician selected in good
         faith by the Bank.


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1.15     "Spouse" means the individual to whom the Executive is legally married
         at the time of the Executive's death.

1.16     "Suicide" means the act of intentionally killing oneself.

1.17     "Supplemental Retirement Income Benefit" means an annual amount,
         payable over the Payout Period, equal to $152,333.

1.18     "Survivor's Benefit" means the benefit provided to Executive's
         Beneficiary if the Executive dies while in active employment of the
         Bank. Such Survivor's Benefit shall be an amount equal to the annual
         sum of $75,000 payable in monthly installments over the Payout Period
         if the Executive dies within the first five (5) years of service with
         the Bank. The Survivor's Benefit shall be an amount equal to an annual
         sum of $100,000 payable in monthly installments over the Payout Period
         if the Executive dies after completing five (5) years of service with
         the Bank but before completing ten (10) years of service with the bank.
         The Survivor's Benefit shall be the Supplemental Retirement Income
         Benefit payable in monthly installments over the Payout Period if the
         Executive dies after completing ten (10) years of service with the
         Bank.


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                                   SECTION II

                PRE RETIREMENT AND POST RETIREMENT DEATH BENEFITS

2.1      Death Prior to Termination of Employment. If Executive dies prior to
         termination of employment with the Bank (but before commencement of
         payment of the Supplemental Retirement Income Benefit to Executive),
         his Beneficiary shall be entitled to the Survivor's Benefit. The first
         installment shall begin within thirty (30) days after the date of death
         of Executive and each succeeding installment shall be paid on the next
         succeeding month thereof during the Payout Period.

2.2      Death After Change in Control. If Executive dies after termination of
         employment with the Bank coincident with or following a Change in
         Control (but before commencement of payment of the Supplemental
         Retirement Income Benefit to Executive), his Beneficiary shall be
         entitled to the full Survivor's Benefit (as if the Executive had
         completed ten (10) years of service with the Bank) beginning within
         thirty (30) days after the date of death of Executive and payable over
         the Payout Period.

2.3      Death Subsequent to Retirement. In the event of death of Executive
         while receiving monthly benefits under this Agreement or after
         retirement but before commencement of payment of the Supplemental
         Retirement Income Benefit to Executive, except under Section 3.3
         hereof, then the unpaid balance of such monthly payments remaining to
         be paid at that time shall continue to be paid monthly for the
         remainder of the Payout Period to Executive's Beneficiary.


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2.4.     Death After Termination of Employment Prior to Normal Retirement Age.
         In the event of Executive's Death following a voluntary or involuntary
         termination of employment with the Bank prior to his Normal Retirement
         Date, for any reason other than Cause or following a Change in Control,
         the Executive's Beneficiary shall be entitled to his Accrued Benefit
         determined as of the date of termination of employment and annuitized
         using the Interest Factor and payable in monthly installments over the
         Payout Period.

2.5      Death by Reason of Suicide. In the event Executive dies by reason of
         suicide at any time within twenty-six (26) months after execution of
         this Agreement, the Bank shall be under no obligation to provide any
         benefits to the Executive's Beneficiary.

2.6      Additional Death Benefit - Burial Expenses. In addition to the
         above-described death benefits, upon his death, Executive's beneficiary
         shall be entitled to receive a one-time lump sum death benefit in the
         amount of Ten Thousand ($10,000.00) Dollars.

                                   SECTION III

                     SUPPLEMENTAL RETIREMENT INCOME BENEFIT

                             AND DISABILITY BENEFIT

3.1      Normal Retirement Benefit. At Executive's retirement on or after the
         Normal Retirement Date, the Bank shall commence payments of the
         Supplemental Retirement Income Benefit to Executive. Such payments
         shall commence the first day of the month next following the
         Executive's retirement date and shall be payable in monthly
         installments throughout the Payout Period.

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3.2      Disability. If Executive becomes Permanently and Totally Disabled prior
         to reaching his retirement, while covered by the provisions of this
         Agreement, Executive shall be entitled to his Accrued Benefit
         (annuitized using the Interest Factor) at the time of disability.
         Payments shall begin within thirty (30) days after Executive becomes
         Permanently and Totally Disabled and payable in monthly installments
         over the Payout Period. In the event the Executive dies at any time
         after termination of employment due to disability but prior to
         commencement or completion of all payments due and owing hereunder, the
         Bank shall pay to the Executive's Beneficiary a continuation of the
         monthly installments for the remainder of the Payout Period.

3.3      Voluntary or Involuntary Termination of Employment. If the Executive's
         employment with the Bank is voluntarily or involuntarily terminated
         prior to Normal Retirement Age, for any reason other than for Cause,
         the Executive's death, disability, or following a Change in Control,
         the Executive (or his Beneficiary) shall be entitled to his Accrued
         Benefit as of the date of such termination, annuitized using the
         Interest Factor. Such benefit shall commence within thirty (30) days of
         such termination and shall be payable in monthly installments
         throughout the Payout Period.

3.4      Termination of Service Related to a Change in Control. If a Change in
         Control occurs at the Bank, and thereafter the Executive's employment
         is terminated (either voluntarily or involuntarily), the Executive
         shall be entitled to the Supplemental Retirement Income Benefit. Such
         benefit shall commence within thirty (30) days of such termination and
         shall be payable in monthly installments throughout the Payout Period.


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3.5      Termination for Cause. If the Executive is terminated for Cause, all
         benefits under this Agreement shall be forfeited and this Agreement
         shall become null and void.

                                   SECTION IV

                           EXECUTIVE'S RIGHT TO ASSETS

         The rights of the Executive, any Beneficiary of the Executive, or any
other person claiming through the Executive under this Agreement, shall be
solely those of an unsecured general creditor of the Bank. The Executive, the
Beneficiary of the Executive, or any other person claiming through the
Executive, shall only have the right to receive from the Bank those payments as
specified under this Agreement. The Executive agrees that he, his Beneficiary,
or any other person claiming through him shall have no rights or interests
whatsoever in any asset of the Bank, including any insurance policies or
contracts which the Bank may possess or obtain to informally fund this
Agreement. Any asset used or acquired by the Bank in connection with the
liabilities it has assumed under this Agreement, except as expressly provided,
shall not be deemed to be held under any trust for the benefit of the Executive
or his Beneficiaries, nor shall it be considered security for the performance of
the obligations of the Bank. It shall be, and remain, a general, unpledged, and
unrestricted asset of the Asset of the Bank.

                                    SECTION V

                            RESTRICTIONS UPON FUNDING

         Bank shall have no obligation to set aside, earmark or entrust any fund
or money with which to pay its obligations under this Agreement. The Executive,
his Beneficiaries or any successor in interest to him shall be and


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remain simply a general creditor of the Bank in the same manner as any other
creditor having a general claim for matured and unpaid compensation. The Bank
reserves the absolute right, at its sole discretion, to either fund the
obligations undertaken by this Agreement or to refrain from funding the same and
to determine the extent, nature, and method of such informal funding. Should the
Bank elect to fund this Agreement, in whole or in part, through the purchase of
life insurance, mutual funds, disability policies or annuities, the Bank
reserves the absolute right, in its sole discretion, to terminate such funding
at any time, in whole or in part. At no time shall Executive be deemed to have
any lien nor right, title or interest in or to any specific funding investment
or to any assets of the Bank. If the Bank elects to invest in a life insurance,
disability or annuity policy upon the life of the Executive, then Executive
shall assist the Bank by freely submitting to a physical examination and
supplying such additional information necessary to obtain such insurance or
annuities.

                                   SECTION VI

                     ALIENABILITY AND ASSIGNMENT PROHIBITION

         Neither Executive nor any Beneficiary under this Agreement shall have
any power or right to transfer, assign, anticipate, hypothecate, mortgage,
commute, modify or otherwise encumber in advance any of the benefits payable
hereunder, nor shall any of said benefits be subject to seizure for the payment
of any debts, judgments, alimony or separate maintenance owed by the Executive
or his Beneficiary, nor be transferable by operation of law in the event of
bankruptcy, insolvency or otherwise. In the event Executive or any Beneficiary
attempts assignment, communication, hypothecation, transfer or disposal of the
benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.


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<PAGE>

                                   SECTION VII

                                 ACT PROVISIONS

7.1      Named Fiduciary And Administrator. The Bank shall be the Named
         Fiduciary and Administrator of this Agreement. As Administrator, the
         Bank shall be responsible for the management, control and
         administration of the Agreement as established herein. The
         Administrator may delegate to others certain aspects of the management
         and operational responsibilities of the Agreement, including the
         employment of advisors and the delegation of ministerial duties to
         qualified individuals.

7.2      Claims Procedure And Arbitration. In the event that benefits under this
         Agreement are not paid to the Executive (or to his Beneficiary in the
         case of the Executive's death) and such claimants feel they are
         entitled to receive such benefits, then a written claim must be made to
         the Administrator named above within sixty (60) days from the date
         payments are refused. The Administrator and its Board of Directors
         shall review the written claim and, if the claim is denied, in whole or
         in part, they shall provide in writing within ninety (90) days of
         receipt of such claim their specific reasons for such denial, reference
         to the provisions of this Agreement upon which the denial is based and
         any additional material or information necessary to perfect the claim.
         Such written notice shall further indicate the additional steps to be
         taken by claimants if a further review of the claim denial is desired.

         If claimants desire a second review, they shall notify the
         Administrator in writing within sixty (60) days of the first claim
         denial. Claimants may


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         review the Agreement or any documents relating thereto and submit any
         issues, in writing, and comments they may feel appropriate. In its sole
         discretion, the Administrator shall then review the second claim and
         provide a written decision within sixty (60) days of receipt of such
         claim. This decision shall likewise state the specific reasons for the
         decision and shall include reference to specific provisions of the
         Agreement upon which the decision is based.

         If claimants continue to dispute the benefit denial based upon
         completed performance of the Agreement or the meaning and effect of the
         terms and conditions thereof, then claimants may submit the dispute to
         mediation, administered by the American Arbitration Bank ("AAA") (or a
         mediator selected by the parties) in accordance with the AAA's
         Commercial Mediation Rules. If mediation is not successful in resolving
         the dispute, it shall be settled by arbitration administered by the AAA
         under its Commercial Arbitration Rules, and judgment on the award
         rendered by the arbitrator(s) may be entered in any court having
         jurisdiction thereof.

         Where a dispute arises as to the Bank's discharge of Executive for
         Cause, such dispute shall likewise be submitted to arbitration as above
         described and the parties hereto agree to be bound by the decision
         thereunder.

                                  SECTION VIII

                                  MISCELLANEOUS

8.1      No Effect on Employment Rights. Nothing contained herein shall confer
         upon the Executive the right to be retained in the service of the Bank
         nor limit the right of the Bank to discharge or otherwise deal with the


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         Executive without regard to the existence of this Agreement. The
         provisions of 12 CFR Part 563.39 (including all of its subparts) shall
         be fully applicable to this Agreement.

8.2      Disclosure. Each Executive shall receive a copy of his Agreement and
         the Administrator will make available, upon request, a copy of the
         rules and regulations that govern this type of Agreement.

8.3      State Law. The Agreement is established under, and will be construed
         according to, the laws of the State of New York, to the extent that
         such laws are not preempted by the Act and valid regulations published
         thereunder.

8.4      Severability. In the event that any of the provisions of this Agreement
         or portion thereof, are held to be inoperative or invalid by any court
         of competent jurisdiction, then: (1) insofar as is reasonable, effect
         will be given to the intent manifested in the provisions held invalid
         or inoperative, and (2) the validity and enforceability of the
         remaining provisions will not be affected thereby.

8.5      Incapacity of Recipient. In the event Executive is declared incompetent
         and a conservator or other person legally charged with the care of his
         person or of his estate is appointed, any benefits under the Agreement
         to which such Executive is entitled shall be paid to such conservator
         or other person legally charged with the care of his person or his
         Estate. Except as provided above in this paragraph, when the Bank's
         Board of Directors in its sole discretion, determines that an Executive
         is unable to manage his financial affairs, the Board may direct the
         Bank to make distributions to any person for the benefit of such
         Executive.


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8.6      Unclaimed Benefit. Each Executive shall keep the Bank informed of his
         current address and the current address of his Beneficiaries. The Bank
         shall not be obligated to search for the whereabouts of any person. If
         the location of an Executive is not made known to the Bank within three
         years after the date on which any payment of the Executive's
         Supplemental Retirement Income Benefit may be made, payment may be made
         as though the Executive had died at the end of the three-year period.
         If, within one additional year after such three-year period has
         elapsed, or, within three years after the actual death of the
         Executive, the Bank is unable to locate any Beneficiary of the
         Executive, then the Bank may fully discharge its obligation by payment
         to the Estate.

8.7      Limitations on Liability. Notwithstanding any of the preceding
         provisions of the Agreement, neither the Bank, nor any individual
         acting as an employee or agent of the Bank or as a member of the Board
         of Directors shall be liable to any Executive, former Executive, or any
         other person for any claim, loss, liability or expense incurred in
         connection with the Agreement.

8.8      Gender. Whenever, in this Agreement, words are used in the masculine or
         neuter gender, they shall be read and construed as in the masculine,
         feminine or neuter gender, whenever they should so apply.

8.9      Affect on Other Corporate Benefit Agreements. Nothing contained in this
         Agreement shall affect the right of the Executive to participate in, or
         be covered by, any qualified or non-qualified pension, profit sharing,
         group, bonus or other supplemental compensation or fringe benefit
         agreement constituting a part of the Bank's existing or future
         compensation structure.


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8.10     Headings. Headings and sub-headings in this Agreement are inserted for
         reference and convenience only and shall not be deemed a part of this
         Agreement.

8.11     Establishment of Rabbi Trust. The Bank intends to establish a rabbi
         trust into which the Bank intends to contribute assets which shall be
         held therein, subject to the claims of the Bank's creditors in the
         event of the Bank's "Insolvency" as defined in the agreement which
         establishes such rabbi trust, until the contributed assets are paid to
         the Executives and their Beneficiaries in such manner and at such times
         as specified in this Agreement. It is the intention of the Bank to make
         contributions to the rabbi trust to provide the Bank with a source of
         funds to assist it in meeting the liabilities of this Agreement. The
         rabbi trust and any assets held therein shall conform to the terms of
         the rabbi trust agreement which has been established in conjunction
         with this Agreement. To the extent the language in this Agreement is
         modified by the language in the rabbi trust agreement, the rabbi trust
         agreement shall supersede this Agreement. Any contributions to the
         rabbi trust shall be made during each Plan Year in accordance with the
         rabbi trust agreement. The amount of such contribution(s) shall be
         equal to the full present value of all benefit accruals under this
         Plan, if any, less: (i) previous contributions made on behalf of the
         Executive to the rabbi trust, and (ii) earnings to date on all such
         previous contributions.

8.12     Tax Withholding. The Bank may withhold from any benefit payable under
         this Agreement all federal, state, city, or other taxes as shall be
         required pursuant to any law or governmental regulation then in effect.


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<PAGE>

                                   SECTION IX

                     NON-COMPETITION AFTER NORMAL RETIREMENT

9.1      Non-Compete Clause. Except as stated in the second paragraph of this
         subsection, the Executive expressly agrees that, as consideration for
         the agreements of the Bank contained herein and as a condition to the
         performance by the Bank of its obligations hereunder, throughout the
         entire period beginning at the time of termination of employment until
         the final payment is made to Executive, as provided herein, he will
         not, without the prior written consent of the Bank, engage in, become
         interested, directly or indirectly, as a sole proprietor, as a partner
         in a partnership, or as a substantial shareholder in a corporation, nor
         become associated with, in the capacity of an employee, director,
         officer, principal, agent, trustee or in any other capacity whatsoever,
         any enterprise conducted in the trading area of the business of the
         Bank which enterprise is, or may deemed to be, competitive with any
         business carried on by the Bank as of the date of the termination of
         the Executive's employment or his retirement. The parties agree that
         if, for any reason, any covenant contained herein is held by a court or
         other tribunal to be unenforceable or invalid, that such court or
         tribunal will have the authority to limit such covenant to that which
         the court or tribunal deems proper under the circumstances and to
         enforce such covenant as limited. Notwithstanding the foregoing,
         Executive agrees to honor the terms of this Non-Compete Clause and not
         to contest its enforceability.

         In the event Executive's termination follows a Change in Control or
         other material change in the Bank's structure or business activities,
         Executive shall be entitled to his Supplemental Retirement Income
         Benefit whether


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         or not he enters into an arrangement that is deemed to be competitive
         with the Bank.

9.2      Breach. In the event of any breach by the Executive of the agreements
         and covenants contained herein, the Board of Directors of the Bank
         shall direct that any unpaid balance of any payments to the Executive
         under this Agreement be suspended, and shall thereupon notify the
         Executive of such suspensions, in writing. Thereupon, if the Board of
         Directors of the Bank shall determine that said breach by the Executive
         has continued for a period of one (1) month following notification of
         such suspension, all rights of the Executive and his Beneficiaries
         under this Agreement, including rights to further payments hereunder,
         shall thereupon terminate.

                                    SECTION X

                              AMENDMENT/REVOCATION

         This Agreement shall not be amended, modified, or revoked at any time,
in whole or part, without the mutual written consent of the Executive and the
Bank, and such mutual consent shall be required even if the Executive is no
longer employed by the Bank.

                                   ARTICLE XI

                                    EXECUTION

11.1     This Agreement sets forth the entire understanding of the parties
         hereto with respect to the transactions contemplated hereby, and any
         previous agreements or understandings between the parties hereto
         regarding the subject matter hereof are merged into and superseded by
         this Agreement.


                                       20
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11.2     This Agreement shall be executed in triplicate, each copy of which,
         when so executed and delivered, shall be an original, but all three
         copies shall together constitute one and the same instrument.

                  [Remainder of page intentionally left blank.]


                                       21
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         IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed on the day and date first above written.

ATTEST:                             EXECUTIVE

/s/ Lisa King                       /s/ Gregory Kreis
--------------------                ---------------------------
                                    Gregory J. Kreis


                                    OSWEGO COUNTY SAVINGS BANK

                                    By: /s/ Paul J. Heins

                                    Title:   Vice Chairman


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<PAGE>

                 EXECUTIVE SUPPLEMENTAL RETIRE INCOME AGREEMENT

                             BENEFICIARY DESIGNATION

         Executive, Gregory J. Kreis, under the terms of a certain Executive
Supplemental Retirement Income Agreement by and between him and OSWEGO COUNTY
SAVINGS BANK, Oswego, New York, dated March 15, 2000, hereby designates the
following Beneficiary to receive any guaranteed payments or death benefits under
such Agreement, following his death:

         PRIMARY BENEFICIARY:

         SECONDARY BENEFICIARY:


         Such Beneficiary Designation is revocable.

DATE: __________________, 2000


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          (WITNESS)                                     (EXECUTIVE)


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          (WITNESS)