EXHIBIT 10.27


               BCB FINANCIAL SERVICES CORPORATION
                   DEFERRED COMPENSATION PLAN


          The BCB Financial Services Corporation Deferred
compensation Plan has been established as a nonqualified
arrangement for the benefit of certain selected key employees of
BCB Financial Services Corporation and its affiliated companies.

          1.   Definitions.  The following terms, wherever used
herein, shall have the meanings ascribed to them, unless the
context in which such terms are used otherwise clearly requires.

               "Account Balance" means the balance at any
     relevant time of the contributions set aside on behalf of a
     Participant and the accumulated earnings or loss thereon,
     less distributions.  Such amount shall be reflected in book
     entry reserves maintained by the Company.

               "Annual Installment Amount" means the amount
     determined pursuant to Paragraph 4(h).

               "BCBFS" means BCB Financial Services Corporation,
     a Pennsylvania corporation.

               "Board of Directors" means the board of directors
     of the relevant Company.

               "Change in Control" means any transaction required
     to be reported by BCBFS pursuant to Item 6(e) of Schedule
     14A of the Rules of the Securities and Exchange Commission,
     as in effect on the effective date of this Plan.

               "Code" means the Internal Revenue Code of 1986, as
     amended.

               "Company" means BCBFS and each Subsidiary, or any
     one or more of them, as appropriate to the context in which
     such term is used.

               "Designated Beneficiary" means a Participant's
     surviving spouse, or if there is no such surviving spouse,
     then such person as may have been last specified as the
     beneficiary in a writing delivered to the Plan Administrator
     prior the date of such individuals death.  In default of a
     Designated Beneficiary, the term shall"-mean the
     Participant's estate.

               "Disability" has the meaning ascribed to such term
     in Code Section 22(e)(3).

               "Eligible Employee" means any executive or
     managerial employee of the Company, provided such individual
     is a person described in 29 C.F.R. Section 2520.104-23.

               "ERISA" means the Employee Retirement Income
     Security Act of 1974, as amended.

               "Investment Manager" shall have the meaning
     ascribed to such term in ERISA Section 3(38).

               "Normal Retirement Age" means age 62.

               "Participant" means any Eligible Employee who has
     been selected by the Board of Directors of BCBFS or a
     Subsidiary to participate in the Plan and whose
     participation shall not have terminated in accordance with
     or pursuant to the terms of this Plan document.

               "Plan" means the BCB Financial Services
     Corporation Deferred Compensation Plan, as set forth in this
     document, and as the same may be amended from time to time.

               "Plan Administrator" means the body determined
     pursuant to Paragraph 5.

               "Subsidiary" means a corporation the stock of
     which owned directly or indirectly by BCBFS satisfies the
     ownership provisions of Code Section 1504(a), and which has
     adopted the Plan through appropriate action of its Board of
     Directors.

               "Targeted Benefit" means the amount (if any)
     specified by the Board of Directors of the Company, at the
     time of the commencement of an individuals participation
     (and at such time as may be necessary to take into account
     additional contributions), as the projected annual benefit
     of a Participant at his or her Normal Retirement Age.  The
     projection of such amount shall have no binding effect on
     the Company, and the Company shall have no obligation to
     ensure that such benefit level is attained.

               "Trust" means any grantor trust created to assist
     in the funding of any Plan benefits.

               "Trust Agreement" means any agreement between the
     Company and a Trustee pursuant to which assets are set aside
     to assist in the funding of any Plan benefit.

               "Trustee" means the trustee of any grantor trust
     established by the Company to assist in the funding of Plan
     benefits.

          2.   Participation.  The Board of Directors of the
Company may from time to time designate Eligible Employees as
Plan Participants.  Participation by a selected Eligible Employee
shall commence as specified in the relevant Board resolution. 
Nothing set forth in this Plan document shall be construed as
requiring that an Eligible Employee be selected as a Plan
Participant.

          3.   Funding; Plan Benefit.

               (a)  The Board of Directors of the Company shall
     specify a fixed sum, determined by it at its discretion, to
     be allocated for the benefit of the designated Participant
     and shall segregate such amount in an investment account
     constituting a part of the general assets of the Company, in
     a Trust, or both.  The Board of Directors may thereafter set
     aside additional amounts for the benefit of such Participant
     but shall not be required to do so.  The amount so set aside
     shall be invested pursuant to the direction of an Investment
     Manager selected from time to time by the Board of Directors
     of BCBFS.  Such Investment Manager shall cause such amount
     to be invested in a manner consistent with the Plan's
     investment policy as the same may be established from time
     to time by the Plan Administrator.

               (b)  The Plan benefit to be received by a
     Participant shall be determined by reference to his or her
     Account Balance.  Nothing in this Plan document or elsewhere
     shall give a Participant the right to control the manner in
     which his or her Account Balance is invested, and neither
     the Company, nor a Trustee, nor the Investment Manager shall
     be liable to a Participant for the investment performance of
     an Account Balance or any selected investment policy, the
     determination of which shall be made, in its sole discretion
     from time to time, by the Plan Administrator.

               (c)  Notwithstanding the use of any Trust in
     connection with the provision of Plan benefits, this Plan is
     intended to constitute an unfunded plan of deferred
     compensation for all purposes under the Code and ERISA.

               (d)  Unless otherwise agreed between BCBFS and the
     Company employing a Participant, the cost of any
     contribution on behalf of such Participant shall be borne by
     the employing Company.

          4.   Events Triggering Distributions; Mode of Payment.

               (a)  Upon the death of a Participant, such
     Participant shall be 100% vested in his or her Account
     Balance, and such balance, as determined as of the nearest
     practical date to the day of distribution, shall be
     distributed to his or her Designated Beneficiary in one lump
     sum within 30 days after such date of death.

               (b)  Upon the termination of employment of a
     Participant by reason of Disability prior to the attainment
     of Normal Retirement Age, such Participant shall be 100%
     vested in his or her Account Balance, and such balance shall
     commence to be paid to the Participant in annual
     installments, beginning with the fifteenth day of the month
     next following such termination of employment.

               (c)  Upon the occurrence of a Change in Control of
     BCBFS, a Participant shall be 100% vested in his or her
     Account Balance, and such balance, as determined as of the
     nearest practical date to the date of distribution, shall be
     distributed to him or her in one lump sum within 30 days
     after such occurrence.

               (d)  Upon termination of employment of a
     Participant on or after his or her Normal Retirement Age for
     any reason other than death, such Participant shall be 100%
     vested in his or her Account Balance, and such balance shall
     commence to be paid to the Participant in annual
     installments, beginning with the fifteenth day of the month
     next following such termination of employment.

               (e)  Upon termination of employment of a
     Participant prior to attainment of Normal Retirement Age for
     any reason other than death or Disability, a portion of his
     or her Account Balance shall be distributed to him or her in
     one lump sum within 30 days after such termination of
     employment.  The amount distributable shall be equal to the
     Account Balance, as determined as of the date of
     termination, times a fraction, the numerator of which is the
     number of years of Plan participation to the date of
     termination (rounded to the nearest one-tenth of a year) and
     the denominator of which is the number of years from the
     initial commencement of Plan participation through the
     Participant's Normal Retirement Age (rounded to the nearest
     one-tenth of a year).  The remainder of such Account Balance
     shall be forfeited.

               (f)  For purposes of Paragraph 4(c), in the event
     the Company that is the primary employer of a Participant is
     sold or otherwise ceases to be a Subsidiary and the
     Participant does not thereafter continue as an employee of
     BCBFS or any other remaining Subsidiary, then a Change in
     Control of BCBFS shall be deemed to have occurred with
     respect to such Participant.

               (g)  For purposes of determining the amount of any
     annual installment payment required under Paragraph 4(b),
     such payment shall equal the Annual Installment Amount.   
     For purposes of determining the amount of any annual
     installment payment required under Paragraph 4(d), such
     payment shall be the greater of the (i) Targeted Benefit of
     the Participant or (ii) the Annual Installment Amount,
     except for the final installment payment.

               (h)  For purposes of this paragraph, the term
     "Annual Installment Amount" shall be the amount determined
     by dividing the Participant's initially determined Account
     Balance by the then life expectancy return multiple under
     Table V of Treasury Regulation Section 1.72-9, if the Participant
     is not then married, and the joint life expectancy return
     multiple under Table VI of such regulation, if the
     Participant is then married.  Thereafter, each Annual
     Installment shall be paid on the anniversary date of the
     first installment in an amount determined by dividing the
     Participant's Account Balance, as determined not more than
     30 days prior to payment of the installment, by the divisor
     used for the immediately preceding year minus 1.0.

               (i)  In the event a Participant dies prior to the
     receipt of his or her entire Plan benefit, the then balance
     thereof shall be paid to his or her Designated Beneficiary
     in one lump sum within 30 days following death.

          5.   Administration.  The Plan shall be construed,
administered and enforced by the Board of Directors of BCBFS, or
such committee thereof as it may designate from time to time,
which body shall be referred to as the Plan Administrator.  The
Plan Administrator shall have such power, authority and duties as
may be necessary or appropriate for the efficient operation and
administration of the Plan.  No member of the Plan Administrator
shall be liable for any act taken (or omitted to be taken) in
good faith in connection with the discharge of his or her duties. 
Notwithstanding any provision in this Plan document to the
contrary, the Plan Administrator may, in its good faith judgment,
elect to pay any Plan benefit in one lump sum in lieu of an
otherwise required annual installment payment.  The Plan
Administrator shall take such steps and make such filings with
the federal government as may be necessary for the Plan to avail
itself of the provisions of 29 C.F.R. Section 2520.104-23.

          6.   Rights of Participants.  Whether or not any assets
may be transferred to a Trust to assist in the funding of Plan
benefits, no Participant shall be entitled to, or have any
interest in, any specific asset to secure the receipt his or her
benefit.   Each Participant shall be an unsecured, general
creditor of the Company with respect to his or her entitlement to
Plan benefits.

          7.   Amendment and Termination.  This Plan may be
amended from time to time, or terminated at any time, by the
Board of Directors of BCBFS.  In the event of Plan termination,
each individual who is then a Participant shall thereafter be
deemed fully vested so that the pro ration provisions of
Paragraph 4(e) shall no longer apply to such Participant.

          8.   Miscellaneous Provisions.

               (a)  The Plan does not constitute a contract of
     employment, and participation in the Plan shall not give any
     person the right to be retained as an employee of any
     Company.

               (b)  The right of a Participant to the payment of
     a Plan benefit shall not be subject to voluntary or
     involuntary transfer, assignment, pledge, encumbrance,
     attachment or levy.

               (c)  Wherever any words are used herein in the
     singular, they shall be construed as though they were used
     in the plural, and vice versa.

               (d)  In the event any provision in this Plan
     document is held illegal or invalid, such provision shall
     not affect the remaining provisions of the Plan, and the
     Plan document shall be construed as though such illegal or
     invalid provision were not contained herein.

               (e)  Except to the extent preempted by federal
     law, this Plan document shall be construed, administered and
     enforced in accordance with the domestic internal law of the
     Commonwealth of Pennsylvania.

               (f)  In the event there is a conflict between this
     Plan document and any Trust Agreement, the terms of the Plan
     shall prevail.

               (g)  As a condition of participation in the Plan,
     an Eligible Employee selected for participation shall
     consent, in writing, to the withholding from his or her base
     salary, bonus or other similar compensation any tax
     liability caused by reason of his or her Plan participation.

          9.   Effective Date.   The effective date of this Plan
shall be September 24, 1996.

          IN WITNESS WHEREOF, BCBFS has caused this Plan document
to be executed, on its behalf and on behalf of each Subsidiary,
by its duly authorized officers on the 24th day of September,
1996.


                              BCB FINANCIAL SERVICES CORPORATION

                              By/s/ Robert D. McHugh, Jr.       

[CORPORATE SEAL]
                              Attest:/s/ Patricia A. Yocum