<PAGE>

                                                                    EXHIBIT 10.2


                              EMPLOYMENT AGREEMENT


         THIS AGREEMENT, made this 11th day of October, 2005 (the "Agreement"),
by and between FIRST FEDERAL SAVINGS BANK, a federally-chartered savings bank
(the "Bank"), FEDFIRST FINANCIAL CORPORATION (the "Company") and PATRICK G.
O'BRIEN ("Executive").

                                   WITNESSETH

         WHEREAS, Executive has accepted employment with the Bank in a position
of substantial responsibility;

         WHEREAS, the Bank and Executive wish to set forth the terms and
conditions of Executive's employment;

         NOW, THEREFORE, in consideration of the mutual covenants contained in
this Agreement, and upon the other terms and conditions provided for in this
Agreement, the parties hereby agree as follows:

         1.       EMPLOYMENT. The Bank and the Company will employ Executive as
                  ----------
Executive Vice President and Chief Operating Officer. Executive will perform all
duties and shall have all powers commonly incident to such offices or which,
consistent with those offices, the Boards of Directors of the Bank and the
Company (the "Board") delegates to Executive. Executive shall report to the
Board.

         2.       LOCATION AND FACILITIES. The Bank will furnish Executive with
                  -----------------------
the working facilities and staff customary for the positions held by Executive.
The Bank will locate the office and staff of Executive at the principal
administrative offices of the Bank.

         3.       TERM.
                  ----

                  a.       The term of this Agreement shall include (i) the
                           initial term, consisting of the period commencing on
                           September 19, 2005 (the "Effective Date") and ending
                           on September 19, 2007, plus (ii) any and all
                           extensions of the initial term made pursuant to this
                           Section 3.

                  b.       Not later than September 19, 2006, and prior to each
                           September 19th thereafter, the disinterested members
                           of the Board may extend the term of this Agreement
                           for an additional twelve months so that the remaining
                           term of the Agreement becomes twenty-four months,
                           unless Executive elects not to extend the term of
                           this Agreement by giving written notice of his
                           intentions in accordance with Section 17 of this
                           Agreement. Each year, the Board will review
                           Executive's performance for purposes of determining
                           whether to extend the term of this Agreement and will
                           include the rationale and results of its review in
                           the minutes of its meeting. Executive shall receive
                           notice as soon as possible after such review as to
                           whether the Agreement will be extended for an
                           additional year.


<PAGE>

         4.       BASE COMPENSATION.
                  -----------------

                  a.       The Bank agrees to pay the Executive an annual base
                           salary of $150,000, payable in accordance with the
                           customary payroll practices of the Bank.

                  b.       Each year, the Board will review the level of
                           Executive's base salary, based upon factors they deem
                           relevant, in order to determine whether to maintain
                           or increase Executive's base salary.

         5.       BONUSES. Executive shall receive a $12,500 signing bonus upon
                  -------
the effective date of this Agreement. In addition, Executive will participate in
discretionary bonuses or other incentive compensation programs the Bank may
sponsor or award from time to time to other senior management employees on such
terms as the Board may establish.

         6.       BENEFIT PLANS.
                  -------------

                  a.        Executive will participate in the employee welfare
                            benefit plans the Bank maintains for the benefit of
                            its employees on the same terms as other employees.
                            As of the effective date of this Agreement, those
                            benefits include group-term life insurance, health
                            and dental insurance, life insurance and short- and
                            long- term group disability insurance. The Bank
                            agrees to reimburse Executive the cost of COBRA
                            coverage provided by a prior employer during the
                            period in which Executive is not eligible to
                            participate in the health and welfare plans
                            sponsored by the Bank. During the term of this
                            Agreement, Executive may also participate in the
                            employee stock ownership plan and retirement savings
                            plan (i.e., 401(k) plan) sponsored by the Bank on
                            the same terms as other employees.

                  b.        In connection with the implementation of any
                            shareholder approved equity incentive plan, the
                            Compensation Committee of the Company Board will
                            consider Executive for participation in the plan. In
                            the event that, at the Company's first annual
                            meeting occurring after the effective date of this
                            Agreement, fails to seek shareholder approval of
                            such plan, Executive will receive a one-time cash
                            payment equal to the difference between $75,000 and
                            the total cash bonuses Executive receives (e.g., the
                            signing bonus described in Section 5 and
                            discretionary bonuses) prior to the first
                            anniversary date of this Agreement. Said payment
                            will be made within ten (10) days of the first
                            anniversary date of this Agreement.

         7.       VACATION AND LEAVE. Executive may take up to four weeks paid
                  ------------------
vacation and three paid personal days annually. Any other leave may be taken in
accordance with the Bank's general personnel policies. Executive shall not be
charged leave of any kind for attendance at professional meetings, seminars or
continuing education programs.

                                       2

<PAGE>

         8.       EXPENSE PAYMENTS AND REIMBURSEMENTS.
                  -----------------------------------

                  a.       The Bank will reimburse Executive for all reasonable
                           and documented out-of-pocket business expenses
                           (including, but not limited to, business cell phone
                           use, parking, business entertainment, seminars and
                           membership fees for organizations approved by the
                           Board and dues for such organizations) incurred in
                           connection with his services under this Agreement.
                           Executive must substantiate the payment of all
                           expenses in accordance with applicable policies of
                           the Bank.

                  b.       Executive will receive a monthly payment of $948.18
                           as a car allowance during the term of this Agreement.
                           In addition, Executive shall be reimbursed at the
                           rate of 35 cents per mile for business use of his
                           vehicle.

         9.       LOYALTY AND CONFIDENTIALITY.
                  ---------------------------

                  a.       During the term of this Agreement, Executive shall:
                           (i) devote all his business time, attention, skill,
                           and efforts to the faithful performance of his duties
                           as Executive Vice President and Chief Operating
                           Officer of the Bank and the Company; provided,
                           however, that from time to time, Executive may serve
                           on the board of directors of, and hold any other
                           offices or positions in, companies or organizations
                           that will not present any conflict of interest with
                           the Bank or any of their affiliates, and that will
                           not unfavorably affect the performance of Executive's
                           employment duties, and that will not violate any
                           applicable statute or regulation. Executive shall not
                           engage in any business or activity contrary to the
                           business affairs or interests of the Bank and
                           Company.

                  b.       Nothing contained in this Agreement prevents or
                           limits Executive's right to invest in the capital
                           stock or other securities of any business dissimilar
                           from that of the Bank and Company, or, solely as a
                           passive, minority investor, in any business.

                  c.       Executive agrees to maintain the confidentiality of
                           any and all information concerning the operation or
                           financial status of the Bank or the Company; the
                           names or addresses of any borrowers, depositors and
                           other customers; any information concerning or
                           obtained from such customers; and any other
                           information concerning the Bank or the Company which
                           he gains or of which he becomes aware during the
                           course of his employment with the Bank or the
                           Company. Executive further agrees that, unless
                           required by law or specifically permitted by the
                           Board in writing, he will not disclose to any person
                           or entity, either during or subsequent to his
                           employment, any of the above-mentioned information
                           not generally known to the public, nor shall he use
                           the information in any way other than for the benefit
                           of the Bank or the Company.

                                       3

<PAGE>

         10.      TERMINATION AND TERMINATION PAY. Executive, the Bank or the
                  -------------------------------
Company may terminate Executive's employment under the following circumstances:

                  a.       DEATH. Executive's employment under this Agreement
                           -----
                           shall terminate upon his death during the term of
                           this Agreement, in which event Executive's estate
                           shall receive the compensation due to Executive
                           through the last day of the calendar month in which
                           his death occurred.

                  b.       RETIREMENT. This Agreement shall terminate upon
                           ----------
                           Executive's retirement under the retirement benefit
                           plan or plans in which he participates pursuant to
                           Section 6 of this Agreement or otherwise.

                  c.       DISABILITY.
                           ----------

                           i.       The Board or Executive may terminate
                                    Executive's employment after having
                                    determined Executive has suffered a
                                    Disability. For purposes of this Agreement,
                                    "Disability" means a physical or mental
                                    infirmity that impairs Executive's ability
                                    to substantially perform his duties under
                                    this Agreement and results in Executive
                                    becoming eligible for long-term disability
                                    benefits under any long-term disability
                                    plans of the Bank (or, if no such benefits
                                    exist, that impairs Executive's ability to
                                    substantially perform his duties under this
                                    Agreement for a period of at least one
                                    hundred eighty (180) consecutive days). The
                                    Board, in good faith, shall determine
                                    whether or not Executive becomes and
                                    continues to be permanently disabled for
                                    purposes of this Agreement, based upon
                                    competent medical advice and other factors
                                    that the Board reasonably believes to be
                                    relevant. As a condition to any benefits,
                                    the Board may require Executive to submit to
                                    physical or mental evaluations and tests as
                                    the Board or its medical experts deem
                                    reasonably appropriate (copies of which
                                    shall promptly be provided to Executive
                                    and/or his designated representative).

                           ii.      In the event of his Disability, Executive
                                    shall no longer be obligated to perform
                                    services under this Agreement. The Bank will
                                    pay Executive, as Disability pay, an amount
                                    equal to two-thirds ((2)/3) of Executive's
                                    weekly rate of base salary in effect as of
                                    the date of his termination of employment
                                    due to Disability. The Bank will make
                                    Disability payments on a monthly basis
                                    commencing on the first day of the month
                                    following the effective date of Executive's
                                    termination of employment due to Disability
                                    and ending on the earlier of: (A) the date
                                    he returns to full-time employment at the
                                    Bank in the same capacity as he was employed
                                    prior to his termination for Disability; (B)
                                    his death; (C) his attainment of age 65; or
                                    (D) the date the Agreement would have

                                       4

<PAGE>

                                    expired had Executive's employment not
                                    terminated by reason of Disability. The Bank
                                    will reduce Disability pay otherwise due to
                                    Executive under this provision by the amount
                                    of any short- or long-term disability
                                    benefits payable to Executive under any
                                    other disability programs sponsored by the
                                    Bank. In addition, during any period of
                                    Executive's Disability, the Bank shall
                                    continue to provide Executive and his
                                    dependents, to the greatest extent possible,
                                    all benefits (including, without limitation,
                                    benefits under retirement plans and medical,
                                    dental and life insurance plans) provided to
                                    Executive and his dependents prior to his
                                    Disability, on the same terms as if
                                    Executive remained actively employed by the
                                    Bank.

                  d.       TERMINATION FOR CAUSE.
                           ---------------------

                           i.       The Board, by written notice to Executive in
                                    the form and manner specified in this
                                    paragraph, may immediately terminate
                                    Executive's employment at any time for
                                    "Cause". Executive shall have no rights to
                                    receive compensation or other benefits for
                                    any period after termination for Cause,
                                    except for already vested benefits.
                                    Termination for "Cause" shall mean
                                    termination because of, in the good faith
                                    determination of the Board, Executive's:

                                    (1)     Personal dishonesty;

                                    (2)     Incompetence;

                                    (3)     Willful misconduct;

                                    (4)     Breach of fiduciary duty involving
                                            personal profit;

                                    (5)     Intentional failure to perform
                                            duties under this Agreement;

                                    (6)     Willful violation of any law, rule
                                            or regulation (other than traffic
                                            violations or similar offenses) that
                                            reflects adversely on the reputation
                                            of the Bank, any felony conviction,
                                            any violation of law involving moral
                                            turpitude, or any violation of a
                                            final cease-and-desist order; or

                                    (7)     Material breach by Executive of any
                                            provision of this Agreement.

                  ii.      Notwithstanding the foregoing, Executive's
                           termination for Cause will not become effective
                           unless the Bank has delivered to Executive a copy of
                           a resolution duly adopted by the affirmative vote of
                           a majority of the entire membership of the Board, at
                           a meeting of the Board called and held for the
                           purpose of finding that, in the good faith opinion of
                           the Board (after reasonable notice to Executive and

                                       5

<PAGE>

                           an opportunity for Executive to be heard before the
                           Board with counsel), Executive was guilty of the
                           conduct described above and specifying the
                           particulars of his conduct.

                  e.       VOLUNTARY TERMINATION BY EXECUTIVE. In addition to
                           ----------------------------------
                           his other rights to terminate employment under this
                           Agreement, Executive may voluntarily terminate
                           employment during the term of this Agreement upon at
                           least sixty (60) days prior written notice to the
                           Board. Upon Executive's voluntary termination,
                           Executive will receive only his compensation, vested
                           rights and employee benefits up to the date of his
                           termination.

                  f.       WITHOUT CAUSE.
                           -------------

                           i.       In addition to termination pursuant to
                                    Sections 10(a) through 10(e), the Board may,
                                    upon providing written notice to Executive,
                                    immediately terminate his employment at any
                                    time for a reason other than Cause (a
                                    termination "Without Cause").

                           ii.      In the event of his termination of
                                    employment under this Section 10(f),
                                    Executive shall continue to receive his base
                                    salary at the rate in effect at his
                                    termination date for the remaining term of
                                    the Agreement.

                  g.       CHANGE IN CONTROL. In the event that the employment
                           -----------------
                           of the Executive is involuntarily terminated within
                           one (1) year of a Change in Control (as defined in
                           paragraph h below) Executive shall be entitled to the
                           following benefit:

                           i.       a lump sum payment equal to three (3) times
                                    Executive's base salary as of the date of
                                    the Change in Control; and

                           ii.      continuation at the Bank's expense of health
                                    and dental coverage for Executive and his
                                    dependents for a period not to exceed the
                                    earlier of (i) 36 months from Executive's
                                    termination date; (ii) Executive's
                                    employment with another employer; or (iii)
                                    Executive's death.

                  h.       DEFINITION OF CHANGE IN CONTROL. For purposes of this
                           -------------------------------
                           Agreement, a "Change in Control" means any of the
                           following events:

                           i.       MERGER: The Company merges into or
                                    ------
                                    consolidates with another corporation, or
                                    merges another corporation into the Company,
                                    and as a result, less than a majority of the
                                    combined voting power of the resulting
                                    corporation immediately after the merger or
                                    consolidation is held by persons who were
                                    stockholders of the Company immediately
                                    before the merger or consolidation.

                                       6

<PAGE>

                           ii.      ACQUISITION OF SIGNIFICANT SHARE OWNERSHIP:
                                    ------------------------------------------
                                    There is filed, or required to be filed, a
                                    report on Schedule 13D or another form or
                                    schedule (other than Schedule 13G) required
                                    under Sections 13(d) or 14(d) of the
                                    Securities Exchange Act of 1934, if the
                                    schedule discloses that the filing person or
                                    persons acting in concert has or have become
                                    the beneficial owner(s) of 25% or more of a
                                    class of the Company's voting securities,
                                    but this clause (ii) shall not apply to
                                    beneficial ownership of Company voting
                                    shares held in a fiduciary capacity by an
                                    entity of which the Company directly or
                                    indirectly beneficially owns 50% or more of
                                    its outstanding voting securities.

                           iii.     CHANGE IN BOARD COMPOSITION:  During any
                                    ---------------------------
                                    period of two consecutive years, individuals
                                    who constitute the Company's Board of
                                    Directors at the beginning of the two-year
                                    period cease for any reason to constitute at
                                    least a majority of the Company's Board of
                                    Directors; provided, however, that for
                                    purposes of this clause (iii), each director
                                    who is first elected by the board (or first
                                    nominated by the board for election by the
                                    stockholders) by a vote of at least
                                    two-thirds (2/3) of the directors who were
                                    directors at the beginning of the two-year
                                    period shall be deemed to have also been a
                                    director at the beginning of such period; or

                           iv.      SALE OF ASSETS: The Company sells to a third
                                    --------------
                                    party all or substantially all of its
                                    assets.

         Notwithstanding anything in this Agreement to the contrary, in no event
shall the reorganization of the Bank from the mutual holding company form of
organization to the full stock holding company form of organization (including
the elimination of the mutual holding company) constitute a "Change in Control"
for purposes of this Agreement.

         i.       LIMITATION OF BENEFITS UNDER CERTAIN CIRCUMSTANCES.  If the
                  --------------------------------------------------
                  payments and benefits pursuant to Section 10 of this
                  Agreement, either alone or together with other payments and
                  benefits which Executive has the right to receive from the
                  Company and the Bank, would constitute a "parachute payment"
                  under Section 280G of the Code, the payments and benefits
                  pursuant to Section 10 shall be reduced or revised, in the
                  manner determined by Executive, by the amount, if any, which
                  is the minimum necessary to result in no portion of the
                  payments and benefits under Section 10 being non-deductible to
                  the Company and the Bank pursuant to Section 280G of the Code


                                       7

<PAGE>

                  and subject to the excise tax imposed under Section 4999 of
                  the Code. The determination of any reduction in the payments
                  and benefits to be made pursuant to Section 10 shall be based
                  upon the opinion of the Company and the Bank's independent
                  public accountants and paid for by the Company and the Bank.
                  In the event that the Company, the Bank and/or Executive do
                  not agree with the opinion of such counsel, (i) the Company
                  and the Bank shall pay to Executive the maximum amount of
                  payments and benefits pursuant to Section 10, as selected by
                  Executive, which such opinion indicates there is a high
                  probability do not result in any of such payments and benefits
                  being non-deductible to the Company and the Bank and subject
                  to the imposition of the excise tax imposed under Section 4999
                  of the Code and (ii) the Company and the Bank may request, and
                  Executive shall have the right to demand that they request, a
                  ruling from the IRS as to whether the disputed payments and
                  benefits pursuant to Section 10 have such consequences. Any
                  such request for a ruling from the IRS shall be promptly
                  prepared and filed by the Company and the Bank, but in no
                  event later than thirty (30) days from the date of the opinion
                  of counsel referred to above, and shall be subject to
                  Executive's approval prior to filing, which shall not be
                  unreasonably withheld. The Company, the Bank and Executive
                  agree to be bound by any ruling received from the IRS and to
                  make appropriate payments to each other to reflect any such
                  rulings, together with interest at the applicable federal rate
                  provided for in Section 7872(f)(2) of the Code. Nothing
                  contained herein shall result in a reduction of any payments
                  or benefits to which Executive may be entitled upon
                  termination of employment other than pursuant to Section 10
                  hereof, or a reduction in the payments and benefits specified
                  in Section 10 below zero.

         11.      INDEMNIFICATION AND LIABILITY INSURANCE.
                  ---------------------------------------

                  a.       INDEMNIFICATION.  The Bank and Company agree to
                           ---------------
                           indemnify Executive (and his heirs, executors, and
                           administrators) under this Agreement, and to advance
                           expenses related to this indemnification, to the
                           fullest extent permitted under applicable law and
                           regulations against any and all expenses and
                           liabilities that Executive reasonably incurs in
                           connection with or arising out of any action, suit,
                           or proceeding in which he becomes involved by reason
                           of his service as an Executive of the Bank and the
                           Company (whether or not Executive continues to serve
                           as an Executive at the time of incurring the expenses
                           or liabilities). Covered expenses and liabilities
                           include, without limitation, judgments, court costs,
                           attorneys' fees and the costs of reasonable
                           settlements (subject to Board approval), provided
                           legal action is brought against Executive in his
                           capacity as an Executive of the Bank, the Company or
                           any of its subsidiaries. Indemnification for expenses
                           shall not extend to matters related to Executive's
                           termination for "Cause." Notwithstanding anything in
                           this Section 11(a) to the contrary, the Bank and the
                           Company shall not be required to provide any
                           indemnification otherwise prohibited by applicable
                           law or regulation. The obligations of this Section
                           11(a) shall survive the term of this Agreement
                           (including extensions thereof) by a period of six (6)
                           years.

                                       8

<PAGE>


                  b.       INSURANCE. During the period in which the Bank and
                           ---------
                           the Company must indemnify Executive, the Bank and
                           the Company, at its expense, will arrange for
                           Executive's coverage (and his heirs, executors, and
                           administrators) under a directors' and executives'
                           liability policy at least equivalent to the insurance
                           coverage provided to directors and other senior
                           executives of the Bank and the Company.

         12.      REIMBURSEMENT OF EXECUTIVE'S EXPENSES TO ENFORCE THIS
                  -----------------------------------------------------
AGREEMENT.  The Bank will reimburse Executive for all out-of-pocket expenses,
---------
including, without limitation, reasonable attorneys' fees, that Executive incurs
in connection with his successful enforcement of the Bank's obligations under
this Agreement. Successful enforcement shall mean the grant of an award of money
or the requirement that the Bank take some action specified by this Agreement:
as a result of court order; or otherwise following an initial failure by the
Bank to pay such money or take such action promptly following receipt of a
written demand from Executive stating the reason that the Bank must make payment
or take action under this Agreement.

         13.      INJUNCTIVE RELIEF.  Upon a breach or threatened breach of the
                  -----------------
prohibitions upon disclosure contained in Section 9(c) of this Agreement, the
parties agree that there is no adequate remedy at law for such breach, and the
Bank shall be entitled to injunctive relief restraining Executive from such
breach or threatened breach, but such relief shall not be the exclusive remedy
for a breach of this Agreement. The parties to this Agreement further agree that
Executive, without limitation, may seek injunctive relief to enforce the Bank's
obligations under this Agreement.

         14.      SOURCE OF PAYMENTS.  All payments provided for in this
                  ------------------
Agreement shall be timely paid in cash or check from the general funds of the
Bank or the Company.

         15.      SUCCESSORS AND ASSIGNS. This Agreement shall inure to the
                  ----------------------
benefit of and be binding upon any corporate or other successor of the Bank and
the Company which shall acquire, directly or indirectly, by merger,
consolidation, purchase or otherwise, all or substantially all of the assets or
stock of the Company. Since the Bank and the Company have contracted for the
unique and personal skills of Executive, Executive shall not assign or delegate
his rights or duties hereunder without first obtaining the written consent of
the Bank and the Company.

         16.      NO MITIGATION. Executive shall not be required to mitigate the
                  -------------
amount of any payment provided for in this Agreement by seeking other employment
or otherwise and no payment under this Agreement shall be offset or reduced by
any compensation or benefits provided to Executive in any subsequent employment.

         17.      NOTICES.  All notices, requests, demands and other
                  -------
communications made in connection with this Agreement shall be made in writing
and shall be deemed to have been given when delivered by hand or 48 hours after
mailing at any general or branch United States Post Office, by registered or
certified mail, postage prepaid, addressed to the Bank at its principal business
office and to Executive at his home address as maintained in the records of the
Bank.

                                       9

<PAGE>


         18.      NO PLAN CREATED BY THIS AGREEMENT. Executive, the Bank and the
                  ---------------------------------
Company expressly declare and agree that this Agreement was negotiated between
them and that no provision or provisions of this Agreement are intended to, or
shall be deemed to, create any plan for purposes of the Employee Retirement
Income Security Act or any other law or regulation, and each party expressly
waives any right to assert the contrary. Any party who makes such an assertion
in any judicial or administrative filing, hearing, or process shall have
materially breached this Agreement upon making the assertion.

         19.      AMENDMENTS.  No amendments or additions to this Agreement will
                  ----------
bind the parties unless made in writing and signed by all of the parties, except
as herein otherwise specifically provided.

         20.      APPLICABLE LAW. Except to the extent preempted by federal law,
                  --------------
Pennsylvania law shall govern this Agreement in all respects, whether as to its
validity, construction, capacity, performance or otherwise.

         21.      SEVERABILITY. The provisions of this Agreement shall be deemed
                  ------------
severable and the invalidity or unenforceability of any provision shall not
affect the validity or enforceability of the other provisions of this Agreement.

         22.      HEADINGS.  Headings contained in this Agreement are for
                  --------
convenience of reference only.

         23.      ENTIRE AGREEMENT. This Agreement, together with any
                  ----------------
understanding or modifications agreed to in writing by the parties, shall
constitute the entire agreement among the parties hereto with respect to the
subject matter of this Agreement, other than written agreements with respect to
specific plans, programs or arrangements described in Sections 5 and 6.

         24.      REQUIRED PROVISIONS.  In the event any of the foregoing
                  -------------------
provisions of this Agreement are in conflict with the terms of this Section 24,
this Section 24 shall prevail.

                  a.       The Board may terminate Executive's employment at any
                           time, but any termination by the Board, other than
                           Termination for Cause, shall not prejudice
                           Executive's right to compensation or other benefits
                           under this Agreement. Executive shall not have the
                           right to receive compensation or other benefits for
                           any period after termination for Cause as defined in
                           Section 10 of this Agreement.

                  b.       If Executive is suspended from office and/or
                           temporarily prohibited from participating in the
                           conduct of the Bank's affairs by a notice served
                           under Section 8(e)(3) or 8(g)(1) of the Federal
                           Deposit Insurance Act, 12 U.S.C. Sec. 1818(e)(3) or
                           (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


                                       10

<PAGE>

                           the notice are dismissed, the Bank may in its
                           discretion: (i) pay Executive all or part of the
                           compensation withheld while contract obligations were
                           suspended; and (ii) reinstate (in whole or in part)
                           any of the obligations which were suspended.

                  c.       If Executive is removed and/or permanently prohibited
                           from participating in the conduct of the Bank's
                           affairs by an order issued under Section 8(e)(4) or
                           8(g)(1) of the Federal Deposit Insurance Act, 12
                           U.S.C. Sec. 1818(e)(4) or (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 contracting parties shall not be affected.

                  d.       If the Bank is in default as defined in Section
                           3(x)(1) of the Federal Deposit Insurance Act, 12
                           U.S.C. Sec. 1813(x)(1), all obligations of the Bank
                           under this Agreement shall terminate as of the date
                           of default, but this paragraph shall not affect any
                           vested rights of the contracting parties.

                  e.       All obligations of the Bank under this Agreement
                           shall be terminated, except to the extent determined
                           that continuation of the Agreement is necessary for
                           the continued operation of the institution: (i) by
                           the Director of the OTS (or his designee) or the
                           FDIC, at the time the FDIC enters into an agreement
                           to provide assistance to or on behalf of the Bank
                           under the authority contained in Section 13(c) of the
                           Federal Deposit Insurance Act, 12 U.S.C. Sec.
                           1823(c); or (ii) by the Director of the OTS (or his
                           designee) at the time the Director (or his designee)
                           approves a supervisory merger to resolve problems
                           related to the operations of the Bank or when the
                           Bank is determined by the Director to be in an unsafe
                           or unsound condition. Any rights of the parties that
                           have already vested, however, shall not be affected
                           by such action.

                  f.       Any payments made to Executive pursuant to this
                           Agreement, or otherwise, are subject to and
                           conditioned upon compliance with 12 U.S.C. Sec.
                           828(k) and 12 C.F.R. Sec. 545.121 and any rules and
                           regulations promulgated thereunder.


                                       11

<PAGE>



         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date first set forth above.

Attest:                                  FIRST FEDERAL SAVINGS BANK



/s/ DaCosta Smith, III                   By: /s/ John M. McGinley
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Attest:                                  FEDFIRST FINANCIAL CORPORATION



/s/ DaCosta Smith, III                   By: /s/ John M. McGinley
-------------------------------              -----------------------------------

                                         EXECUTIVE



/s/ DaCosta Smith, III                   /s/ Patrick G. O'Brien
-------------------------------          ---------------------------------------
Witness                                  Patrick G. O'Brien