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                                                                    EXHIBIT 10.7

                                   AGREEMENT


         AGREEMENT, dated this 10th day of June 1997, between Fed One Bank (the
"Bank"), a federally chartered savings bank and Alan E. Groover (the
"Executive").


                                   WITNESSETH

         WHEREAS, the Executive is presently an officer of Fed One Bancorp,
Inc. (the "Corporation") and the Bank (together, the "Employers");

         WHEREAS, the Employers desire to be ensured of the Executive's
continued active participation in the business of the Employers, and the Bank
currently has an agreement with the Executive dated October 8, 1992, which is
being concurrently amended;

         WHEREAS, in accordance with Office of Thrift Supervision ("OTS")
Regulatory Bulletin 27a, the Corporation and the Bank desire to enter into
separate agreements with the Executive with respect to his employment by each
of the Employers; and

         WHEREAS, in order to induce the Executive to remain in the employ of
the Employers and in consideration of the Executive's agreeing to remain in the
employ of the Employers, the parties desire to specify the severance benefits
which shall be due the Executive by the Bank in the event that his employment
with the Bank 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 level of compensation paid to the Executive by the Employers or any
subsidiary thereof during the most recent five taxable years preceding the Date
of Termination and included in the Executive's gross income for tax purposes,
including but not limited to Base Salary, bonuses and amounts paid or accrued
on behalf of the Executive under any employee benefit plans of the Employers.

         (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
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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 a change in control of a nature that would be
required to be reported in response to Item 6(e) of Schedule 14A of Regulation
14A promulgated under the Securities Exchange Act of 1934, as amended
("Exchange Act"), or any successor thereto, whether or not the Corporation is
registered under the Exchange Act; provided that, without limitation, such a
change in control shall be deemed to have occurred if (i) 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 25% or more of the
combined voting power of the Corporation's then outstanding securities; or (ii)
during any period of two 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, and (ii) 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 Bank 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 Employers or
any subsidiary or, if no such plan applies, which would qualify the Executive
for disability benefits under the Federal Social Security System.

         (h)     GOOD REASON.  Termination by the Executive of the Executive's
employment for "Good Reason" shall mean termination by the Executive following
a Change in Control of the Corporation based on:

                 (i)      Without the Executive's express written consent, the
                          failure to elect or to re-elect or to appoint or to
                          re-appoint the Executive to the offices of President
                          and Chief Executive Officer of the Employers or a
                          material adverse change made by the Employers in the
                          Executive's functions, duties or responsibilities as
                          President and Chief Executive Officer of the
                          Employers;
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                 (ii)     Without the Executive's express written consent, a
                          reduction by either of the Employers in the
                          Executive's Base Salary as the same may be increased
                          from time to time or, except to the extent permitted
                          by Section 3(b) hereof, a reduction in the package of
                          fringe benefits provided to the Executive, taken as a
                          whole;

                 (iii)    The principal executive office of either of the
                          Employers is relocated  outside of the Wheeling, West
                          Virginia area or, without the Executive's express
                          written consent, either of the Employers require the
                          Executive to be based anywhere other than an area in
                          which the Employers' principal executive office is
                          located, except for required travel on business of
                          the Employers to an extent substantially consistent
                          with the Executive's present business travel
                          obligations;

                 (iv)     Any purported termination of the Executive's
                          employment for Cause, Disability or Retirement which
                          is not effected pursuant to a Notice of Termination
                          satisfying the requirements of paragraph (j) below;
                          or

                 (v)      The failure by the Bank to obtain the assumption of
                          and agreement to perform this Agreement by any
                          successor as contemplated in Section 9 hereof.

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

         (j)     NOTICE OF TERMINATION.  Any purported termination of the
Executive's employment by the Bank 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 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 Bank's termination of
Executive's employment for Cause, which shall be effective immediately; and
(iv) is given in the manner specified in Section 10 hereof.

         (k)     RETIREMENT.  "Retirement" shall mean voluntary termination by
the Executive in accordance with the Employers' retirement policies, including
early retirement, generally applicable to their salaried employees.
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         2.      TERM OF EMPLOYMENT.

         (a)     The Bank hereby employs the Executive as President and Chief
Executive Officer and the Executive hereby accepts said employment and agrees
to render such services to the Bank on the terms and conditions set forth in
this Agreement.  The term of employment under this Agreement shall be for three
years, commencing on the date of this Agreement and, upon approval of the Board
of Directors of the Bank, shall extend for an additional year on each annual
anniversary of the date of this Agreement such that at any time the remaining
term of this Agreement shall be from two to three years.  Prior to the first
annual anniversary of the date of this Agreement and each annual anniversary
thereafter, the Board of Directors of the Bank shall consider and review (with
appropriate corporate documentation thereof, and after taking into account all
relevant factors, including the Executive's performance hereunder) an extension
of the term of this Agreement, and the term shall continue to extend each year
if the Board of Directors approves such extension unless the Executive gives
written notice to the Employers of the Executive's  election not to extend the
term, with such written notice to be given not less than thirty (30) days prior
to any such anniversary date. If the Board of Directors elects not to extend
the term, it shall give written notice of such decision to the Executive not
less than thirty (30) days prior to any such anniversary date.  If any party
gives timely notice that the term will not be extended as of any annual
anniversary date, then this Agreement shall terminate at the conclusion of its
remaining term.  References herein to the term of this Agreement shall refer
both to the initial term and successive terms.

         (b)     During the term of this Agreement, the Executive shall perform
such executive services for the Bank as may be consistent with his titles and
from time to time assigned to him by the Bank's Board of Directors.

         3.      COMPENSATION AND BENEFITS.

         (a)     The Employers shall compensate and pay the Executive for his
services during the term of this Agreement at a minimum base salary of $180,000
per year ("Base Salary"), which may be increased from time to time in such
amounts as may be determined by the Boards of Directors of the Employers 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
Boards of Directors of the Employers.

         (b)     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 Employers, to the extent commensurate with his then duties
and responsibilities, as fixed by the Boards of Directors of the Employers.
The Bank 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
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program applicable to all executive officers of  the Bank and does not result
in a proportionately greater adverse change in the rights of or benefits to the
Executive as compared with any other executive officer of the Bank.  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.

         (c)     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 Boards of Directors of the Employers, which shall in
no event be less than four weeks per annum.  The Executive shall not be
entitled to receive any additional compensation from the Employers 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
Boards of Directors of the Employers.

         (d)     During the term of this Agreement, in keeping with past
practices, the Employers shall continue to provide the Executive with the
automobile he presently drives. The Employers shall be responsible and shall
pay for all costs of insurance coverage, repairs, maintenance and other
incidental expenses, including license, fuel and oil.  The Employers shall
provide the Executive with a replacement automobile of a similar type as
selected by the Executive at approximately the time that his present automobile
reaches (3) years of age and approximately every three (3) years thereafter,
upon the same terms and conditions.

         (e)     In the event the Executive's employment is terminated by the
Bank for any reason other than Cause, the Employers shall provide continued
life, medical, dental and disability coverage substantially identical to the
coverage maintained by the Employers for the Executive immediately prior to his
termination.  Such coverage shall cease upon the expiration of the remaining
term of this Agreement.

         (f)     In the event of the Executive's death during the term of this
Agreement or if the Executive is terminated due to Disability, his spouse,
estate, legal representative or named beneficiaries (as directed by the
Executive in writing) shall be paid on a monthly basis the Executive's annual
compensation from the Employers at the rate in effect at the time of the
Executive's death or termination due to Disability for the remainder of the
term of this Agreement, as well as the benefits specified in Section 3(e)
hereof.

         (g)     The Executive's compensation, benefits and expenses shall be
paid by the Corporation and the Bank in the same proportion as the time and
services actually expended by the Executive on behalf of each respective
Employer.

         4.      EXPENSES.  The Employers 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
Employers, including, but not by way of limitation, automobile expenses
described in Section 3(d) hereof, and traveling expenses, and all reasonable
entertainment expenses (whether incurred at the Executive's residence, while
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traveling or otherwise), subject to such reasonable documentation and other
limitations as may be established by the Boards of Directors of the Employers.
If such expenses are paid in the first instance by the Executive, the Employers
shall reimburse the Executive therefor.

         5.      TERMINATION.

         (a)     The Bank 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)     In the event that (i) the Executive's employment is terminated
by the Bank for Cause or (ii) the Executive terminates his employment hereunder
other than for Disability, Retirement, death or Good Reason, 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)     In the event that the Executive's employment is terminated as
a result of Disability, Retirement or the Executive's death during the term of
this Agreement, the Executive shall have no right pursuant to this Agreement to
compensation or other benefits for any period after the applicable Date of
Termination, except as provided for in Sections 3(e) and 3(f) hereof.

         (d)     In the event that (i) the Executive's employment is terminated
by the Bank for other than Cause, Disability, Retirement or the Executive's
death or (ii) such employment is terminated by the Executive (a) due to a
material breach of this Agreement by the Bank, 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 Employers, or (b) for Good Reason, then the Bank
shall, subject to the provisions of Section 6 hereof, if applicable

                 (A)      pay to the Executive, in either thirty-six (36) equal
         monthly installments beginning with the first business day of the
         month following the Date of Termination or in a lump sum within five
         business days of the Date of Termination (at the Executive's
         election), a cash severance amount equal to three (3) times that
         portion of the Executive's Average Annual Compensation paid by the
         Bank, and

                 (B)      maintain and provide for a period ending at the
         earlier of (i) the expiration of the remaining term of employment
         pursuant hereto prior to the Notice of Termination or (ii) the date of
         the Executive's full-time employment by another employer (provided
         that the Executive is entitled under the terms of such employment to
         benefits substantially similar to those described in this subparagraph
         (B)), at no cost to the Executive, the Executive's continued
         participation in all group insurance, life insurance, health and
         accident, disability and other employee benefit
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         plans, programs and arrangements offered by the Bank in which the
         Executive was entitled to participate immediately prior to the Date of
         Termination (other than stock option and restricted stock plans of the
         Employers), provided that in the event that the Executive's
         participation in any plan, program or arrangement as provided in this
         subparagraph (B) is barred, or during such period any such plan,
         program or arrangement is discontinued or the benefits thereunder are
         materially reduced, the Bank shall arrange to provide the Executive
         with benefits substantially similar to those which the Executive was
         entitled to receive under such plans, programs and arrangements
         immediately prior to the Date of Termination.

         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 Bank, would constitute a "parachute payment" under Section 280G of the
Code, the payments and benefits payable by the Bank 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 Bank under Section 5 being non-deductible
to the Bank pursuant to Section 280G of the Code and subject to the excise tax
imposed under Section 4999 of the Code.  The parties hereto agree that the
payments and benefits payable pursuant to this Agreement to the Executive upon
termination shall be limited to three times the Executive's Average Annual
Compensation in accordance with OTS Regulatory Bulletin 27a.  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 tax counsel selected by the
Bank's independent public accountants and paid by the Bank.  Such counsel shall
be reasonably acceptable to the Bank 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.

         (a)     The Executive shall not be required to mitigate the amount of
any benefits hereunder by seeking other employment or otherwise, nor shall the
amount of any such benefits be reduced by any compensation earned by the
Executive as a result of employment by another employer after the Date of
Termination or otherwise.

         (b)     The specific arrangements referred to herein are not intended
to exclude any other benefits which may be available to the Executive upon a
termination of employment with the Employers pursuant to employee benefit plans
of the Employers or otherwise.
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         8.      WITHHOLDING.  All payments required to be made by the Bank
hereunder to the Executive shall be subject to the withholding of such amounts,
if any, relating to tax and other payroll deductions as the Bank may reasonably
determine should be withheld pursuant to any applicable law or regulation.

         9.      ASSIGNABILITY.  The Bank 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 Bank may hereafter merge or
consolidate or to which the Bank 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 Bank
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.

         10.     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 certified
or registered mail, return receipt requested, postage prepaid, addressed to the
respective addresses set forth below:

        To the Bank:                       Secretary
                                           Fed One Bank
                                           21 Twelfth Street
                                           Wheeling, West Virginia  26003-3295

        To the Corporation:                Secretary
                                           Fed One Bancorp, Inc.
                                           21 Twelfth Street
                                           Wheeling, West Virginia  26003-3295

        To the Executive:                  Alan E. Groover
                                           19 Highland Park
                                           Wheeling, West Virginia  26003

         11.     AMENDMENT; WAIVER.  No provisions of this Agreement may be
modified, waived or discharged unless such waiver, modification or discharge is
agreed to in writing signed by the Executive and such officer or officers as
may be specifically designated by the Board of Directors of the Bank 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.
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         12.     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 State of
West Virginia.

         13.     NATURE OF OBLIGATIONS.  Nothing contained herein shall create
or require the Bank 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 Bank hereunder, such right shall be no greater
than the right of any unsecured general creditor of the Bank.

         14.     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.

         15.     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.

         16.     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.

         17.     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 bank and its employees pursuant to
Section 563.39(b) of the Regulations Applicable to all Savings Associations, 12
C.F.R. Section 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.

         (a)     If the Executive is suspended from office and/or temporarily
prohibited from participating in the conduct of the Bank's affairs pursuant to
notice served under Section 8(e)(3) or Section 8(g)(1) of the Federal Deposit
Insurance Act ("FDIA")(12 U.S.C. Sections 1818(e)(3) and 1818(g)(1)), the
Bank's obligations under this Agreement shall be suspended as of the date of
service, unless stayed by appropriate proceedings.  If the charges in the
notice are dismissed, the Bank may, in its discretion: (i) pay the Executive
all or part of the compensation withheld while its obligations under this
Agreement were suspended, and (ii) reinstate (in whole or in part) any of its
obligations which were suspended.

         (b)     If the Executive is removed from office and/or permanently
prohibited from participating in the conduct of the Bank's affairs by an order
issued under Section 8(e)(4) or Section 8(g)(1) of the FDIA (12 U.S.C. Sections
1818(e)(4) and (g)(1)), all obligations of the Bank under this Agreement shall
terminate as of the effective date of the order, but vested rights of the
Executive and the Bank as of the date of termination shall not be affected.
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         (c)     If the Bank is in default, as defined in Section 3(x)(1) of
the FDIA (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement
shall terminate as of the date of default, but vested rights of the Executive
and the Bank as of the date of termination shall not be affected.

         (d)     All obligations under this Agreement shall be terminated
pursuant to 12 C.F.R. Section 563.39(b)(5) (except to the extent that it is
determined that continuation of the Agreement for the continued operation of
the Bank is necessary): (i) by the Director of the OTS, or his/her designee, at
the time the Federal Deposit Insurance Corporation ("FDIC") or Resolution Trust
Corporation enters into an agreement to provide assistance to or on behalf of
the Bank under the authority contained in Section 13(c) of the FDIA (12 U.S.C.
Section 1823(c)); or (ii) by the Director of the OTS, or his/her designee, at
the time the Director or his/her designee approves a supervisory merger to
resolve problems related to operation of the Bank or when the Bank is
determined by the Director of the OTS to be in an unsafe or unsound condition,
but vested rights of the Executive and the Employers as of the date of
termination shall not be affected.

         18.     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. Section 1828(k)) and any
regulations promulgated thereunder.

         19.     ENTIRE AGREEMENT.  This Agreement embodies the entire
agreement between the Bank and the Executive with respect to the matters agreed
to herein.  All prior agreements between the Bank and the Executive with
respect to the matters agreed to herein, including without limitation the
Agreement between the Employers and the Executive dated October 8, 1992, are
hereby superseded and shall have no force or effect.  Notwithstanding the
foregoing, nothing contained in this Agreement shall affect the agreement of
even date being entered into between the Corporation and the Executive.
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         IN WITNESS WHEREOF, this Agreement has been executed as of the date
first above written.

Attest:                                    FED ONE BANK



/s/ Jean E. Huff                           By:  /s/ George J. Anetakis        
--------------------------------------          --------------------------------
Jean E. Huff, Corporate Secretary               George J. Anetakis, Director and
                                                Member of the Compensation
                                                Committee of the Board
                                                of Directors


                                           EXECUTIVE



                                           By:  /s/ Alan E. Groover            
                                                --------------------------------
                                                Alan E. Groover