| 1)   | Definitions. |
|----------------|--------------|

| a)   | Average Annual      Compensation.  The Executive’s “Average Annual      Compensation” for purposes of this Agreement shall be deemed to mean the      average Base Salary, cash bonuses, vested amounts allocated to the      Executive under the ESOP and the Corporation’s vested matching      contributions made to the Executive’s account under the Corporation’s      401(k) plan for the three fiscal years preceding the Executive’s Date of      Termination. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | Base      Salary.  “Base Salary” shall have the meaning set forth      in Section 4(a) hereof. |
|----------------|----------------------------------------------------------------------------------------------------------------------|

| c)   | Corporation      Agreement.  “Corporation Agreement” means the employment      agreement between the Corporation and the Executive dated of even date      herewith. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| d)   | Cause. Termination of      the Executive’s employment for “Cause” shall mean termination by the Bank      because of any of the following by the  Executive: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i) | any      incompetence or intentional failure by the Executive in performing his      services or carrying out his duties and responsibilities under this      Agreement; or |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii) | any      dishonesty, fraud, theft or embezzlement by the Executive;    or |
|--------|-----|---------------------------------------------------------------------------|

|   | iii) | any      willful misconduct or breach of fiduciary duty involving personal profit      by the Executive; or |
|--------|------|-------------------------------------------------------------------------------------------------------------|

|   | iv) | any      willful or knowing violation by the Executive of any law, statute, rule,      regulation or government requirement (other than traffic violations or      similar offenses) or any final cease and desist order;  or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | v) | any      material and intentional noncompliance by the Executive with any provision      of any employee handbook, code of conduct or ethics, corporate governance      guidelines or any rule, policy or procedure of either of the Employers as      are currently in effect or as may hereafter be in effect from time to      time; or |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | vi) | any      material breach by the Executive of any provision of this      Agreement. |
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|  | e)   | Change in      Control.  “Change in Control” means the occurrence of any      of the following relating to the Corporation:  (i) an event that      would be required to be reported in response to Item 5.01 of Form 8-K or      Item 6(e) of Schedule 14A of Regulation 14A pursuant to the Securities and      Exchange Act of 1934 Act, as amended (“1934 Act”), or any successor      thereto, whether or not any class of securities of the Corporation is      registered under the 1934 Act; (ii) any “person” is or becomes the      “beneficial owner” (as defined in Rule 13d-3 under the 1934 Act), directly      or indirectly, of securities of the Corporation representing 20% or more      of the combined voting power of the Corporation’s then outstanding      securities; or (iii) during any period of thirty-six consecutive months,      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 and, in such case, each new director so approved      will be considered for purposes of this section to have been a director at      the beginning of such period. |
|--|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |                  i) | For      purposes of the definition of “Change in Control,” a Person or group of      Persons does not include the CFS Bancorp, Inc. Employee Stock Ownership      Plan Trust which forms a part of the CFS Bancorp, Inc. Employee Stock      Ownership Plan (the “ESOP”), or any other employee benefit plan,      subsidiary or affiliate of the Corporation or the Bank, and the      outstanding shares of common stock of the Corporation, on a fully diluted      basis, include all shares owned by the ESOP, whether allocated or      unallocated to the accounts of participants  thereunder. |
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----

|                  ii)   | For      purposes of this Agreement (including without limitation the definition of      “Change in Control”), the term “Person” means any natural person,      proprietorship, partnership, corporation, limited liability company,      organization, firm, business, joint venture, association, trust or other      entity and any government agency, body or  authority. |
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| f)   | Code. “Code” shall mean      the Internal Revenue Code of 1986, asamended. |
|----------------|----------------------------------------------------------------------------------------|

| g)   | 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, (ii) if the Executive’s employment      is terminated for any other reason (except in the case of death), the date      on which a Notice of Termination is given or as specified in such Notice,      and (iii) if the Executive dies during his employment hereunder, the date      of his death. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h)   | Disability.  Termination      by the Bank of the Executive’s employment based on “Disability” shall mean      termination because of any physical or mental impairment, incapacity or      condition which qualifies the Executive for disability benefits under the      applicable long-term disability plan or policy maintained by the Employers      or any subsidiary or, if no such plan or policy applies, which would      qualify the Executive for disability benefits under the Federal Social      Security System. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i)   | Good      Reason.  Termination by the Executive of the Executive’s      employment for “Good Reason” shall mean termination by the Executive      within two years 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      Chief Executive Officer of the Employers or a material adverse change made      by the Employers in the Executive’s functions, duties or responsibilities      as Chief Executive Officer of the Employers as such functions, duties or      responsibilities exist immediately prior to the effective time of the      Change in Control; |
|-----------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  (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 4(b) hereof, a      reduction in the package of employee benefits provided to the Executive      taken as a whole; |
|------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  (iii)   | The      principal executive office of the Bank is relocated more than 50 miles      from Munster, Indiana or, without the Executive’s express written consent,      either of the Employers require the Executive to be based anywhere other      than where the Bank’s principal executive office is located or has been      relocated as provided above, except for required travel on business of the      Employers; |
|-------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  (iv)   | Any      purported termination of the Executive’s employment for Disability or      Retirement which is not effected pursuant to a Notice of Termination      satisfying the requirements of paragraph (l) below;  or |
|------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  |                  (v)   | The      failure by the Bank to obtain the assumption of and agreement to perform      this Agreement by any successor. |
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|   | The      Executive must notify the Bank in writing within ninety (90) days of the      initial existence of the circumstances giving rise to a termination of the      Executive’s employment hereunder for Good Reason.  The Bank      shall then have thirty (30) days following the effectiveness of such      notice during which it may cure such circumstances and, if so cured, shall      not be required to make any severance payments pursuant to Section 6(d)      hereof. |
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| j)   | IRS. “IRS” shall mean      the Internal Revenue Service. |
|----------------|----------------------------------------------------------------------|

| k)   | Key      Employee.  “Key Employee” means an employee who      is: |
|----------------|-----------------------------------------------------------------------------------------|

| l)   | Notice of      Termination.  Any purported termination of the      Executive’s employment by the Bank for any reason, including without      limitation with or without Cause or upon the occurrence of a Disability,      or by the Executive for any reason, including without limitation with or      without Good Reason or upon Retirement, 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 the      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 the Executive’s employment for      Cause, which shall be effective immediately; and (iv) is given in the      manner specified in Section 11hereof. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| m)   | Retirement.  “Retirement”      shall mean voluntary termination by the Executive after the Executive      attains the age 55, with at least five years of active      service. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | n)  | Separation from      Service.  “Separation from Service” means the date of the      Executive’s death or Retirement or the date on which the Executive      otherwise experiences a Terminationof |
|--|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  o)   | Specified      Employee.  “Specified Employee” means an employee who is      a “Key Employee” if the Corporation’s stock is publicly traded on an      established securities market.  An employee shall be a Specified      Employee for the twelve-month period beginning on the April 1st      following any calendar year in which the employee is a Key      Employee. |
|----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  2)   | Term      of Employment. |
|----------------------|--------------------------|

| a)   | The      Bank hereby employs the Executive as Chairman 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 this Agreement shall be a period of      three years commencing as of the date hereof (the "Commencement Date"),      subject to earlier termination as provided herein.  Reference      herein to the term of this Agreement shall refer to both such initial term      and any extended terms.  The Board of Directors of the Bank      shall review on a periodic basis (and no less frequently than annually)      whether to permit further extensions of the term of this      Agreement.  As part of such review, the Board of Directors shall      consider all relevant factors, including the Executive's performance      hereunder, and shall either expressly approve further extensions of the      time of this Agreement or decide to provide notice to the      contrary. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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. The Executive      further agrees to serve without additional compensation as an officer and      director of any of the Bank's subsidiaries and agrees that any amounts      received from such corporation may be offset against the amounts due      hereunder. In addition, it is agreed that the Bank may assign the      Executive to one of its subsidiaries for payroll  purposes. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3)   | Loyalty,      Confidentiality andNon-Competition. |
|----------------|---------------------------------------------------|

| a)   | The      Executive shall devote his full time and attention and his best efforts to      the performance of his duties and responsibilities under this      Agreement.  During the term of this Agreement, the Executive      shall not, at any time or place, either directly or indirectly, engage in      any business or activity in competition with the business, affairs or      interests of the Bank or any of its subsidiaries or affiliates or be a      director, officer, employee or consultant to any bank holding company,      savings and loan holding company, bank, savings and loan association,      credit union, thrift, savings bank, financial services provider or similar      institution, wherever located. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | For      a period of three years from the Date of Termination relating to a      termination by the Bank of the Executive’s employment hereunder for Cause      or a Disability or a termination by the Executive of his employment      hereunder upon Retirement, without Good Reason or his election not to      extend the term of this Agreement, the Executive shall not, at any time or      place, either directly or indirectly engage in any business or activity in      competition with the business, affairs or interests of the Bank or any of      its subsidiaries or affiliates or be a director, officer, employee or      consultant to any bank holding company, savings and loan holding company,      bank, savings and loan association, credit union, thrift, savings bank,      financial services provider or similar institution within a fifty (50)      mile radius from any present or future office of either of the Employers      or any of their subsidiaries oraffiliates. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | For      purposes of this Agreement, directly or indirectly engaging in any      business or activity in competition with the business, affairs or      interests of the Bank or any of its subsidiaries or affiliates includes,      but is not limited to, serving or acting as an owner, partner, member,      agent, beneficiary, employee, officer, director or consultant of any      Person engaged in any banking, lending, financial services or other      business, operation or activity in which the Bank or any of its      subsidiaries or affiliates is engaged or is actively developing or      pursuing on the Date of Termination; except that nothing herein contained      shall be deemed to prevent or limit the right of the Executive to invest      any of his funds in the capital stock or other securities of any such      Person whose stock or securities are publicly owned or are regularly      traded on any national exchange so long as the Executive is not the      beneficial owner of more than 1% of the outstanding capital stock or      securities of such Person, nor shall anything herein contained be deemed      to prevent or limit the right of the Executive to invest any of his funds      in real estate. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |             d)  | All      information relating to business of the Employers or any of their      subsidiaries or affiliates including, but not limited to, that business      obtained or serviced by the Executive, all customer lists, customer      information, contact lists, asset, liability, loan, deposit and investment      information, financial records or information, instruments, documents,      papers and other material used in connection with, and all trade secrets,      estimates, projections, goals, strategies and techniques relating to, such      business, shall be the exclusive property of the Employers or the      subsidiary or affiliate.  The Executive shall maintain the      confidentiality of all such information and material that is confidential,      proprietary or not publicly available (other than through a breach of this      Agreement by the Executive or any other impermissible disclosure); none of      it shall be copied, reproduced, duplicated or disclosed without the      express written permission of the Employers (other than in connection with      the performance |
|--|----------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|    | of      the Executive’s services hereunder), and the Executive shall return all      such information and materials to the Employers upon their request or upon      termination of employment.  The Executive also agrees that he      shall not utilize such information or materials, either directly or      indirectly, for any purposes except rendering his services and carrying      out his duties and responsibilities hereunder and in furtherance of the      Employers’ business, unless otherwise expressly authorized by the      Employers in writing inadvance. |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | The      Executive agrees that, during his employment, and for a period of three      years following the Date of Termination of the Executive’s employment      hereunder for Cause, without Good Reason, upon Retirement, upon the      occurrence of a Disability or the election of the Executive not to extend      the term of this Agreement, theExecutive: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  i)   | shall      not solicit any of the Employers’ past or current customers or clients for      the benefit of anyone other than the Employers or their subsidiaries or      affiliates; |
|----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  ii)   | shall      not divulge the names of any of the Employers’ past or then current      customers to any other Person; and |
|-----------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------|

|                  iii)   | shall      not, either directly or indirectly, induce or solicit any person to leave      the employ of either of theEmployers. |
|------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|

| f)   | The      provisions of Sections 3(b), 3(c) and 3(e) hereof shall be construed      independent of any other provision of this Agreement and shall survive any      termination of this Agreement.  The existence of any claim or      cause of action of the Executive against the Bank, whether predicated on      this Agreement or otherwise, shall not constitute a defense to the      enforcement by the Bank of Sections 3(b), 3(c) and 3(e)      hereof. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g)   | The      restrictions and covenants contained in this Section shall be deemed not      to run during all periods of noncompliance, the intention of the parties      hereto being to have such restrictions and covenants apply during the full      periods specified herein.  The Bank and the Executive      understand, acknowledge and agree that the restrictions and covenants      contained in this Section are reasonable in view of the Executive’s      position at the Bank, the competitive and confidential nature of the      information of which the Executive has or will have knowledge and the      competitive and the nature of the business in which the Bank and its      subsidiaries and affiliates are or may be  engaged. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4)   | Compensation      and Benefits. |
|----------------|---------------------------------|

| a)   | The      Employers shall collectively compensate and pay the Executive for his      services during the term of this Agreement at an aggregate minimum base      salary of $391,000 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, retirement, profit sharing,      equity based compensation, employee stock ownership or other similar plans      made available to employees and executives of the Employers, to the extent      commensurate with his position with the Employers, in accordance with the      terms of the applicable plans and as fixed by the Boards of Directors of      the Employers. The Bank shall not make any changes in such plans which      would adversely affect the Executive’s rights or benefits thereunder,      unless such change is 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 Executive’s Base      Salary.  Notwithstanding the foregoing or anything in this      Agreement to the contrary, the Executive understands, acknowledges and      agrees that the Employers may from time to time, in their sole discretion,      amend, modify, replace, freeze, suspend or terminate any or all of the      incentive compensation, pension or other retirement, profit sharing,      equity based compensation, employee stock ownership, perquisite or other      plans, benefits and privileges given to employees and executives of the      Employers, as well as any other rules, policies or procedures applicable      to executives of the Employers, but only so long as any such actions apply      to all executive officers of the Bank and do 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. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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.  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)   | In      the event the Executive’s employment is terminated due to Disability,      Retirement or death, and provided the Executive is not otherwise receiving      substantially similar benefits from another employer, consultant or      otherwise, the Employers shall provide, at their cost, all existing life      and medical insurance coverage for the Executive and his spouse for a      period until they both become eligible for Medicare      coverage.  Thereafter, the Executive may continue, at his cost,      the health insurance coverage as an eligible retried employee under the      Employer’s health and medical benefitplans. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | The      Executive’s Base Salary, compensation, benefits and expenses shall be paid      by and allocated between 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. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   | During      the term of this Agreement, the Employers shall provide suitable office      space, desk, chairs, filing cabinets, telephones and other usual and      customary office furniture, fixtures and equipment adequate for the      performance of the duties and responsibilities assigned to the Executive      hereunder. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| g)   | During      the term of this Agreement, the Employers shall provide to Executive the      use of an automobile of Executive’s choice with an average annual lease      cost not to exceed $15,000 per year.  The Employers agree to      replace the automobile with a new one at Executive’s request no more often      than once every two years.  Either of the Employers shall pay      all automobile operating expenses incurred by the Executive in the      performance of Executive’s duties hereunder.  Either of the      Employers shall procure and maintain in force an automobile liability      policy for the automobile with coverage, including Executive, in the      minimum amount of $1,000,000 combined single limit on bodily injury and      property damage. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h)   | During      the term of this Agreement, the Employers shall provide to the Executive,      at the Employer’s cost, all perquisites which all other senior executives      of the Bank are generally entitled to receive, including the payment of      his annual dues at his countryclub. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5)   | 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, travel expenses and all reasonable entertainment      expenses (whether incurred at the Executive’s residence, while traveling      or otherwise), subject to such reasonable documentation and other      limitations and requirements 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.  Any such reimbursement of expenses provided      in this Section 5 shall be made no later than December 31 of the year      following the year in which the expense was  incurred. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6)   | 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 with or without Cause, upon a      Disability or the election of the Bank not to extend the term of this      Agreement.  The Executive shall have the right at any time, upon      prior Notice of Termination, to terminate his employment hereunder for any      reason, including without limitation with or without Good Reason, upon      Retirement or the election of the Executive not to extend the term of this      Agreement. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | In      the event that (i) the Executive’s employment hereunder is terminated by      the Bank for Cause or upon the election of the Bank not to extend the term      of this Agreement or (ii) the Executive terminates his employment      hereunder without Good Reason or upon the election of the Executive not to      extend the term of this Agreement, the Executive shall in each such case      have no right pursuant to this Agreement to any severance payments,      compensation or other benefits for any period after the applicable Date of      Termination. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | In      the event that the Executive’s employment hereunder is terminated as a      result of a Disability, Retirement or the Executive’s death during the      term of this Agreement, the Executive shall have no right pursuant to this      Agreement to severance payments, compensation or other benefits for any      period after the applicable Date of Termination, except as provided for in      Section 4(d) hereof. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| d)   | In      the event that (i) the Executive’s employment hereunder is terminated by      the Bank without Cause or (ii) the Executive’s employment hereunder is      terminated by the Executive (y) 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 (z) for Good Reason, then the Bank shall so long as      the Executive does not breach this Agreement following the Date of      Termination: |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  i)   | pay      to the Executive, a cash severance amount equal to three times that      portion of the Executive’s Average Annual Compensation paid by the Bank,      in two equal      installments, with the first installment to be paid on the first business      day of the month following the Executive’s Date of Termination and the      second installment to be paid on the first anniversary of the Date of      Termination; and |
|----------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                  ii)   | maintain      and provide for a period ending at the earlier of (A) the expiration of      the remaining term of employment pursuant hereto prior to the Notice of      Termination or (B) the date of the Executive’s employment by or      affiliation with another employer, consultant or Person (provided that the      Executive is entitled under the terms of such employment or affiliation to      benefits substantially similar to those described in this subparagraph, at      the same or lesser cost to the Executive as under the Bank’s plans,      programs and arrangements on the Date of Termination), the Executive’s      continued participation in all group insurance, life insurance, health and      accident insurance, disability insurance and other welfare benefit plans,      programs and arrangements offered by the Bank in which the Executive was      entitled to participate immediately prior to the Date of Termination (and      excluding (x) Base Salary, bonuses and other items of compensation      included in Average Annual Compensation, (y) incentive compensation,      pension or other retirement, profit sharing, equity based compensation,      employee stock ownership or other similar plans, programs or arrangements      of the Bank, and (z) perquisites and any vehicle provided by the      Bank), provided that in the event that the Executive’s participation in      any such plan, program or arrangement as provided in this subparagraph 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. |
|-----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Any      severance payment made to the Executive under this Agreement shall be      offset against and reduce any severance payment that would otherwise be      required to made to the Executive under the Corporation      Agreement. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | e)  | If      at the time of the Executive’s Separation from Service, for any reason      other than death, the Executive meets the definition of a Specified      Employee, payment of all amounts under subsections 6(d)(i) and 6(d)(ii)      shall be suspended for six (6) months following the Executive’s Separation      from Service.  In such event, the first installment shall be      paid on the first day following the end of the six-month suspension      period.  The second installment shall be paid no later than      January 15th      of the calendar year following the year in which the first installment was      paid.  If the Executive incurs a Separation from Service due to      death, regardless of whether the Executive meets the definition of a      Specified Employee, payment |
|--|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|    | of      his benefit shall not be suspended; provided, however, that the six-month      suspension period shall not apply to the provision of any group insurance,      life insurance, health and accident insurance or disability insurance      under subsection 6(d)(ii). |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   | Upon      any termination of the Executive’s employment hereunder, the Executive      covenants and agrees (i) to return promptly to the Bank, at the Bank’s      headquarters, all confidential information or materials that are still in      the Executive’s possession or control on his last day of employment with      the Bank or the location of which the Employee knows (including, but not      limited to, any confidential information or materials contained on the      Executive’s personal data assistant or personal or home computer), and      (ii) to return promptly to the Bank, at the Bank’s headquarters, all      vehicles, equipment, computers, credit cards, keys, access cards,      passwords and other property of the Bank that are still in the Executive’s      possession or control on his last day of employment or the location of      which the Employee knows, and to cease using any of the foregoing on and      after his last day of employment. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7)   | Limitation of Benefits under      Certain Circumstances.  If the payments and benefits      pursuant to Section 6 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 6 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 6 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 present value of the      payments and benefits payable pursuant to this Agreement to the Executive      upon termination shall be limited to three (3) times the Executive’s      Average Annual Compensation.  The determination of any reduction      in the payments and benefits to be made pursuant to Section 6 shall be      based upon the opinion of independent 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      sixty (60) days following such counsel’s selection; 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 7, or a reduction in the payments and benefits specified      in Section 6 below zero. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8)   | 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 so long as the Executive has not breached this      Agreement.  In the event of any breach of this Agreement by the      Executive following the Date of Termination, the Executive shall      immediately repay to the Bank all severance payments paid to him under      Section 6 hereof, plus interest at the rate of 10% per annum from the date      of such breach until all such severance payments have been repaid in full      to the Bank. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 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. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9)   | 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 taxes      and other payroll deductions as the Bank may reasonably determine should      be withheld pursuant to any applicable law or  regulation. |
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| 10)   | Assignability.  The      Bank may, without the consent of the Executive, assign this Agreement and      its rights and obligations hereunder in whole, but not in part, to any      corporation, bank or other Person 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 such corporation,      bank or other Person 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. |
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| 11)   | 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 if (i) delivered by hand; (ii) sent by certified      United States Mail, return receipt requested, first class postage      pre-paid; (iii) sent by overnight delivery service; or (iv) sent by      facsimile transmission if such fax is confirmed immediately thereafter by      also mailing a copy of such notice or other communication by regular (not      certified or registered) United States Mail, first class postage pre-paid,      as follows: |
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| a)   | To      the Corporation:      CFS Bancorp,      Inc. |
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| b)   | To      the      Bank:                Citizens      Financial Bank |
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| c)   | To      the      Executive:          Thomas      F. Prisby |
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|   | or      to such other address or facsimile number as either party hereto may have      furnished to the other in writing in accordance herewith.  The      Executive shall promptly provide any changes to his address, telephone      number and facsimile number to theBank. |
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|   | All      such notices and other communications shall be effective (i) if delivered      by hand, when delivered; (ii) if sent by mail in the manner provided      herein, two (2) business days after deposit with the United States Postal      Service; (iii) if sent by overnight delivery service, on the next business      day after deposit with such service; or (iv) if sent by facsimile      transmission, on the date indicated on the fax confirmation page if such      fax also is confirmed by regular (not certified or registered) United      States mail. |
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| 12)   | Amendment;      Waiver.  No provisions of this Agreement may be amended,      modified, waived or discharged unless such amendment, modification, waiver      or discharge is agreed to in writing and 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.  The failure or delay of either party at any      time to insist upon the strict performance of any provision of this      Agreement or to enforce its or his rights or remedies under this Agreement      shall not be construed as a waiver or relinquishment of the right to      insist upon strict performance of such provision, or to pursue any of its      rights or remedies for any breach hereof, at a future  time. |
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| 13)   | Governing Law;      Venue.  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 Indiana.  Any claim, demand or action relating to this      Agreement shall be brought only in a state court located in Porter County,      Indiana.  In connection with the foregoing, the parties hereto      irrevocably consent to the jurisdiction and venue of such court and      expressly waive any claims, defenses or objections of lack of jurisdiction      of or proper or preferred venue by suchcourt. |
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| 14)   | 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. |
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| 15)   | 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. |
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| 16)   | 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; provided, however,      if any provision of Sections 3(b), 3(c) and 3(e) of this Agreement shall      be determined by a court of competent jurisdiction to be unenforceable      because of the provision’s scope, duration, geographic restriction or      other factor, then such provision shall be considered divisible and the      court making such determination shall have the power to reduce or limit      (but not increase or make greater) such scope, duration, geographic      restriction or other factor or to reform (but not increase or make      greater) such provision to make it enforceable to the maximum extent      permitted by law, and such provision shall then be enforceable against the      appropriate party hereto in its reformed, reduced or limited      form. |
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| 17)   | 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 shall constitute one      and the same agreement. |
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| 18)   | 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 association and its employees      pursuant to Section 563.39(b) of the Regulations Applicable to All Savings      Associations, 12 C.F.R. §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 6  hereof. |
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| 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. §§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. |
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| 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.      §§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. §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. |
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| d)   | All      obligations under this Agreement shall be terminated pursuant to 12 C.F.R.      §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 Office of Thrift Supervision      (“OTS”), or his/her designee, at the time the Federal Deposit Insurance      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. §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.  Notwithstanding the foregoing, vested rights      of the Executive and the Bank as of the date of termination shall not be      affected. |
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|  | 19)   | 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 Federal Deposit Insurance Act (12      U.S.C. §1828(k)) and the regulations promulgated thereunder, including 12      C.F.R. Part 359.  Inthe |
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| 20)   | Payment of Costs and Legal Fees      and Reinstatement of Benefits.  In the event any dispute      or controversy arising under or in connection with the Executive’s      termination is resolved in favor of the Executive, whether by judgment,      arbitration or settlement, the Executive shall be entitled to the payment      of (a) all legal fees incurred by the Executive in resolving such      dispute or controversy, and (b) any back-pay, including Base Salary,      bonuses and any other cash compensation, employee benefits and any      compensation and benefits due but not paid to the Executive under this      Agreement. |
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| 21)   | 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 are hereby superseded and      shall have no force or effect.  Notwithstanding the foregoing,      nothing contained in this Agreement shall affect the Corporation Agreement      which is being executed contemporaneously  herewith. |
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| 22)   | Construction.  This      Agreement shall be deemed to have been drafted by both parties      hereto.  This Agreement shall be construed in accordance with      the fair meaning of its provisions and its language shall not be strictly      construed against, nor shall ambiguities be resolved against, any      party. |
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| 23)   | Recitals.  The      recitals or “Whereas” clauses contained on page 1 of this Agreement are      expressly incorporated into and made a part of this    Agreement. |
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| 24)   | Non-disparagement.  During      the Executive’s employment with the Bank and following any termination of      the Executive’s employment with the Bank, the Executive shall not publicly      disparage or make or publish any negative statements or comments about the      Bank, any of the Bank’s subsidiaries or affiliates or any of their      respective products, services, directors, officers or      employees.  During the Executive’s employment with the Bank and      following any termination of the Executive’s employment with the Bank, and      subject to applicable law, no executive officer of the Bank or member of      the Bank’s Board of Directors shall publicly disparage or make or publish      any negative statements or comments about the  Executive. |
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| 25)   | Cooperation.  For      a period of five (5) years following any termination of the Executive’s      employment with the Bank and upon the request of the Bank or any of its      subsidiaries or affiliates, the Executive shall reasonably cooperate,      assist and make himself available (for testimony or otherwise) at      appropriate times and places as reasonably determined by the Bank or any      of its subsidiaries or affiliates in connection with any claim, demand,      action, suit, proceeding, discovery, examination, investigation or      litigation by, against or affecting the Bank or any of its subsidiaries or      affiliates.  In connection with the foregoing, the Bank shall      pay the Executive a fee of $1,000 for each day that the Bank or any      subsidiary or affiliate of the Bank requests the Executive to cooperate,      assist or make himself available, and shall also reimburse the Executive      for his reasonable out-of-pocket travel expenses that are approved in      advance by the Chairman of |
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| 26)   | Certain      Remedies.  The Executive agrees that the Bank will suffer      irreparable damage and injury and will not have an adequate remedy at law      in the event of any actual, threatened or attempted breach by the      Executive of any provision of Section 3.  Accordingly, in the      event of a breach or a threatened or attempted breach by the Executive of      any provision of Section 3, in addition to all other remedies to which the      Bank is entitled at law, in equity or otherwise, the Bank shall be      entitled to a temporary restraining order, a permanent injunction and/or a      decree of specific performance of any provision of Section      3.  The parties agree that a bond posted by the Bank in the      amount of One Thousand Dollars ($1,000) shall be adequate and appropriate      in connection with such restraining order or injunction and that actual      damages need not be proved by the Bank prior to it being entitled to      obtain such restraining order, injunction or specific      performance.  The foregoing remedies shall not be deemed to be      the exclusive rights or remedies of the Bank for any breach of or      noncompliance with this Agreement by the Executive but shall be in      addition to all other rights and remedies available to the Bank at law, in      equity or otherwise. |
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