EXHIBIT 10.15

                      FORM OF EXECUTIVE SALARY CONTINUATION
                   PLAN AGREEMENT BY AND BETWEEN FIRST FEDERAL
                   SAVINGS BANK OF LAGRANGE and the following
                                  individuals:


     

     John S. Holle
     Ellison C. Rudd



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                        FORM OF INDEXED EXECUTIVE SALARY
                           CONTINUATION PLAN AGREEMENT

         This Agreement,  made and entered into this 3rd day of February,  1995,
by and between  First  Federal  Savings Bank of LaGrange,  a Bank  organized and
existing under the laws of the State of Georgia, hereinafter referred to as "the
Bank," and , a Key Employee and the Executive of the Bank,  hereinafter referred
to as "the Executive."


         The  Executive has been in the employ of the Bank for several years and
has now and for years past  faithfully  served the Bank.  It is the consensus of
the Board of  Directors  of the bank (the Board) that the  Executive's  services
have  been of  exceptional  merit,  in excess  of the  compensation  paid and an
invaluable  contribution to the profits and position of the Bank in its field of
activity. The Board further believes that the Executive's experience,  knowledge
of corporate affairs, reputation and industry contacts are of such value and his
continued services are so essential to the Bank's future growth and profits that
it would  suffer  severe  financial  loss  should the  Executive  terminate  his
services.


         Accordingly,  it is the desire of the Bank and the  Executive  to enter
into this Agreement under which the Bank will agree to make certain  payments to
the Executive upon his retirement and, alternatively, to his beneficiary(ies) in
the event of his premature death while employed by the Bank.


         It is  the  intent  of  the  parties  hereto  that  this  Agreement  be
considered  an  arrangement   maintained   primarily  to  provide   supplemental
retirement  benefits  for the  Executive,  as a  member  of a  select  group  of
management  or  highly-compensated  employees  of the Bank for  purposes  of the
Employee Retirement Security Act of 1974 (ERISA). The Executive is fully advised
of the Bank's financial  status and has had substantial  input in the design and
operation of this benefit plan.


         Therefore,  in consideration of the Executive's  services  performed in
the past and those to be  performed  in the  future  and based  upon the  mutual
promises and covenants herein  contained,  the Bank and the Executive,  agree as
follows:


I.       DEFINITIONS

         A.       Effective Date:

                  The  Effective  Date of this  Agreement  shall be  February 3,
                  1995.

         B.       Plan Year:

                  Any  reference to "Plan Year" shall mean a calendar  year from
                  January 1 to December 31. In the year of  implementation,  the
                  term "Plan Year" shall mean the period from the effective date
                  to December 31 of the year of the effective date.
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         C.       Retirement Date:

                  Retirement  Date shall mean  retirement  from service with the
                  Bank which becomes  effective on the first day of the calendar
                  month  following the month in which the Executive  reaches his
                  sixty-fifth   (65th)  birthday  or  such  later  date  as  the
                  Executive may actually retire.

         D.       Termination of Service:

                  Termination  of Service shall mean  voluntary  resignation  of
                  service  by the  Executive  or  the  Bank's  discharge  of the
                  Executive  without cause [as defined in  subparagraph  III (D)
                  hereinafter], prior to the Normal Retirement Age [described in
                  subparagraph I (J) hereinafter].

         E.       Pre-Retirement Account:

                  A  Pre-Retirement  Account shall be established as a liability
                  reserve  account  on the books of the Bank for the  benefit of
                  the  Executive.   Prior  to  termination  of  service  or  the
                  Executive's  retirement,  such liability reserve account shall
                  be increased or decreased  each Plan Year  (including the Plan
                  Year in which the  Executive  ceases to serve on the Board) by
                  an amount  equal to the annual  earnings or loss for that Plan
                  Year determined by the Index  [described in subparagraph I (G)
                  hereinafter],  less the Cost of Funds  Expense  for that  Plan
                  Year [described in subparagraph I (H) hereinafter].

         F.       Index Retirement Benefit:

                  The Index  Retirement  Benefit for the  Executive for any year
                  shall be equal to the excess of the annual  earnings  (if any)
                  determined  by the  Index  [subparagraph  I (G)] for that Plan
                  Year over the Cost of Funds Expense  [subparagraph  I (H)] for
                  that Plan Year.

        G.        Index:

                  The  Index  for any Plan Year  shall be the  aggregate  annual
                  after-tax income from the life insurance  contracts  described
                  hereinafter as defined by FASB Technical  Bulletin 85-4.  This
                  Index  shall be applied as if such  insurance  contracts  were
                  purchased on the effective date hereof.

                  Insurance Company:           Guardian Life Insurance Company 
                                                  of America
                  Policy Form:                 Whole Life
                  Policy Name:                 Life Paid Up At Age 96
                  Insured's Age and Sex:       __________
                  Riders:                      None
                  Ratings:                     None
                  Face Amount:                 $310,026.00
                  Premiums Paid:               $66,000.00
                  Number of Premium Payments:  Six
                  Assumed Purchase Date:       February 22, 1995

                  If such contracts of life insurance are actually  purchased by
                  the Bank then the  actual  policies  as of the dates they were
                  purchased shall be used in calculations  under this Agreement.
                  If such  contracts of life  insurance are not purchased or are
                  subsequently  surrendered  or  lapsed,  then  the  Bank  shall
                  receive  annual  policy  illustrations  that  assume the above

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                  described   policies  were  purchased  from  the  above  named
                  insurance  company(ies)  on the Effective  Date from which the
                  increase in policy value will be used to calculate  the amount
                  of the Index.

                  In either case,  references to the life insurance contract are
                  merely for purposes of calculating a benefit.  The Bank has no
                  obligation to purchase such life  insurance and, if purchased,
                  the Executive and his beneficiary(ies) shall have no ownership
                  interest  in such  policy  and shall  always  have no  greater
                  interest in the benefits  under this Agreement than that of an
                  unsecured general creditor of the Bank.

         H.       Cost of Funds Expense:

                  The  Cost  of  Funds  Expense  for  any  Plan  Year  shall  be
                  calculated  by taking  the sum of the amount of  premiums  set
                  forth in the Indexed policies  described above plus the amount
                  of  any  benefits  paid  to the  Executive  pursuant  to  this
                  Agreement  (Paragraph III hereinafter)  plus the amount of all
                  previous  years   after-tax   Costs  of  Funds  Expense,   and
                  multiplying that sum by the average after-tax cost of funds of
                  the  Bank's  third  quarter  Call  Report for the Plan Year as
                  filed with the Federal Reserve.

         I.       Change Of Control:

                  Change  of  control  shall  be  deemed  to be  the  cumulative
                  transfer of more than fifty  percent (50%) of the voting stock
                  of the Bank holding  company from the  Effective  Date of this
                  Agreement.  For the purposes of this  Agreement,  transfers on
                  account of deaths or gifts,  transfers  between family members
                  or transfers to a qualified  retirement plan maintained by the
                  Bank shall not be considered in determining  whether there has
                  been a change in control.

         J.       Normal Retirement Age:

                  Normal  Retirement  Age  shall  mean  the  date on  which  the
                  Executive attains age sixty-five (65).

II.      EMPLOYMENT

                  No provision of this Agreement  shall be deemed to restrict or
                  limit any  existing  employment  agreement  by and between the
                  Bank and the Executive, nor shall any conditions herein create
                  specific  employment  rights  to the  Executive  nor limit the
                  right of the  Employer  to  discharge  the  Executive  with or
                  without cause. In a similar fashion,  no provision shall limit
                  the Executive's  rights to voluntarily sever his employment at
                  any time.


III.     INDEX BENEFITS

                  The following  benefits  provided by the Bank to the Executive
                  are in the nature of a fringe benefit and shall in no event be
                  construed  to  effect  nor limit the  Executive's  current  or
                  prospective  salary increases,  cash bonuses or profit-sharing
                  distributions or credits.

         A.       Retirement Benefits:

                  Should the Executive continue to be employed by the Bank until
                  his "Normal  Retirement Age" defined in subparagraph I (J), he
                  shall be entitled to receive the balance in his Pre-Retirement

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                  Account [as defined in  subparagraph  I (E)] in ten (10) equal
                  annual installments  commencing thirty (30) days following the
                  Executive's  Retirement  Date. In addition to these  payments,
                  commencing  with the Plan Year in which the Executive  attains
                  his Retirement Date, the Index Retirement  Benefit [as defined
                  in  subparagraph  I (F)  above] for each year shall be paid to
                  the Executive until his death.

         B.       Termination of Service:

                  Subject  to  subparagraph  III  (D)  hereinafter,  should  the
                  Executive   suffer  a  termination  of  service   [defined  in
                  subparagraph  I (D)],  he shall be entitled to receive  twenty
                  percent (20%), times the number of full years [to a maximum of
                  one hundred  percent (100%)] the Executive has served from the
                  date of first employment prior to attaining Normal  Retirement
                  Age with the Bank,  times the  balance  in the  Pre-Retirement
                  Account  paid  over  ten  (10)  years  in  equal  installments
                  commencing at the  Retirement  Date  [subparagraph  I (C)]. In
                  addition to these  payments,  twenty  percent (20%) times full
                  years of  service  with the Bank,  times the Index  Retirement
                  Benefit for each year shall be paid to the Executive until his
                  death.

         C.       Death:

                  Should the  Executive  die prior to having  received  the full
                  balance of the Pre-Retirement  Account,  the unpaid balance of
                  the Pre-Retirement  Account shall be paid in a lump sum to the
                  beneficiary selected by the Executive and filed with the Bank.
                  In the absence of or a failure to designate a beneficiary, the
                  unpaid  balance  shall be paid in a lump  sum to the  personal
                  representative of the Executive's estate.

         D.       Discharge for Cause:

                  Should the Executive be discharged for cause at any time prior
                  to  his  Retirement   Date,  all  Index  Benefits  under  this
                  Agreement  [subparagraphs  III  (A),  (B)  or  (C)]  shall  be
                  forfeited. The term "for cause" shall mean gross negligence or
                  gross  neglect  or  the   commission  of  a  felony  or  gross
                  misdemeanor  involving moral turpitude,  fraud,  dishonesty or
                  willful  violation  of any law  that  results  in any  adverse
                  effect on the bank. If a dispute  arises as to discharge  "for
                  cause",  such dispute shall be resolved by  arbitration as set
                  forth in this Agreement.

         E.       Death Benefit:

                  Except as set forth above,  there is no death benefit provided
                  under this Agreement.


IV.      RESTRICTIONS UPON FUNDING

         The Bank shall have no obligation to set aside,  earmark or entrust any
         fund or money with which to pay its  obligations  under this Agreement.
         The Executive, his beneficiary(ies) or any successor in interest to him
         shall be and remain  simply a general  creditor of the Bank in the same
         manner as any other  creditor  having a general  claim for  matured and
         unpaid compensation.

         The Bank reserves the absolute  right at its sole  discretion to either
         fund the  obligations  undertaken by this  Agreement or to refrain from
         funding the same and to  determine  the exact nature and method of such
         funding.  Should the Bank elect to fund this Agreement,  in whole or in
         part, through the purchase of life insurance,  mutual funds, disability
         policies or  annuities,  the Bank reserves the absolute  right,  in its
         sole discretion,  to terminate such funding at any time, in whole or in

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         part.  At no time  shall  the  Executive  be deemed to have any lien or
         right, title or interest in or to any specific funding investment or to
         any assets of the Bank.

         If the Bank elects to invest in a life insurance, disability or annuity
         policy upon the life of the Executive,  then the Executive shall assist
         the Bank by freely  submitting to a physical  exam and  supplying  such
         additional information necessary to obtain such insurance or annuities.

V.       CHANGE OF CONTROL

         Upon a Change of Control [as defined in subparagraph I (I) herein],  if
         the  Executive's  employment is  subsequently  terminated then he shall
         receive the benefits  promised in this Agreement upon attaining  Normal
         Retirement  Age,  as if he had been  continuously  employed by the Bank
         until  that time.  The  Executive  will also  remain  eligible  for all
         promised death benefits in this Agreement. In addition, no sale, merger
         or  consolidation  of the  Bank  shall  take  place  unless  the new or
         surviving  entity  expressly  acknowledges  the obligations  under this
         Agreement and agrees to abide by its terms.

VI.      MISCELLANEOUS

         A.       Alienability and Assignment Prohibition:

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

         B.       Binding Obligation of Bank and any Successor in Interest:

                  The  Bank  expressly   agrees  that  it  shall  not  merge  or
                  consolidate  into or with another  bank or sell  substantially
                  all of its assets to another  bank,  firm or person until such
                  bank, firm or person expressly agrees,  in writing,  to assume
                  and  discharge  the duties and  obligations  of the Bank under
                  this  Agreement.  This  Agreement  shall be  binding  upon the
                  parties hereto, their successors,  beneficiary(ies), heirs and
                  personal representatives.

         C.       Revocation:

                  It is agreed by and between the parties  hereto  that,  during
                  the lifetime of the  Executive,  this Agreement may be amended
                  or revoked at any time or times,  in whole or in part,  by the
                  mutual written assent of the Executive and the Bank.

         D.       Gender:

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

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         E.       Effect on Other Bank Benefit Plans:

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

         F.       Headings:

                  Headings and  subheadings  in this  Agreement are inserted for
                  reference and convenience  only and shall not be deemed a part
                  of this Agreement.

         G.       Applicable Law:

                  The validity and  interpretation  of this  Agreement  shall be
                  governed by the laws of the State of Georgia.

VII.  ERISA PROVISION

         A.       Named Fiduciary and Plan Administrator:

                  The  "Named  Fiduciary  and Plan  Administrator"  of this plan
                  shall be The First Federal  Savings Bank of LaGrange until its
                  removal by the Board.  As Named  Fiduciary and  Administrator,
                  the Bank shall be responsible for the management,  control and
                  administration  of  the  Salary   Continuation   Agreement  as
                  established  herein. He may delegate to others certain aspects
                  of the management and operation  responsibilities  of the plan
                  including  the  employment  of advisors and the  delegation of
                  ministerial duties to qualified individuals.

         B.       Claims Procedure and Arbitration:

                  In the  event  a  dispute  arises  over  benefits  under  this
                  Agreement  and benefits are not paid to the  Executive  (or to
                  his beneficiary in the case of the Executive's death) and such
                  claimants  feel they are  entitled to receive  such  benefits,
                  then a written  claim  must be made to the Plan  Administrator
                  named above within ninety (90) days from the date payments are
                  refused. The Plan Administrator shall review the written claim
                  and if the claim is  denied,  in whole or in part,  they shall
                  provide in writing  within ninety (90) days of receipt of such
                  claim their specific reasons for such denial, reference to the
                  provisions  of this  Agreement  upon which the denial is based
                  and  any  additional  material  or  information  necessary  to
                  perfect the claim.  Such written notice shall further indicate
                  the  additional  steps to be taken by  claimants  if a further
                  review of the claim denial is desired. A claim shall be deemed
                  denied  if the Plan  Administrator  fails  to take any  action
                  within the aforesaid ninety-day period.

                  If claimants desire a second review they shall notify the Plan
                  Administrator  in writing within ninety (90) days of the first
                  claim  denial.  Claimants  may review  this  Agreement  or any
                  documents  relating  thereto and submit any written issues and
                  comments they may feel  appropriate.  In its sole  discretion,
                  the Plan Administrator  shall then review the second claim and
                  provide a written  decision within ninety (90) days of receipt
                  of such claim. This decision shall likewise state the specific
                  reasons  for the  decision  and  shall  include  reference  to
                  specific  provisions of this Agreement upon which the decision
                  is based.

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                  If claimants continue to dispute the benefit denial based upon
                  completed  performance  of this  Agreement  or the meaning and
                  effect of the terms and conditions thereof, then claimants may
                  submit  the  dispute  to a  Board  of  Arbitration  for  final
                  arbitration.  Said Board shall consist of one member  selected
                  by the  claimant,  one member  selected  by the Bank,  and the
                  third  member  selected  by the first two  members.  The Board
                  shall   operate  under  any   generally   recognized   set  of
                  arbitration  rules.  The  parties  hereto  agree that they and
                  their heirs, personal representatives,  successors and assigns
                  shall be bound by the  decision of such Board with  respect to
                  any controversy properly submitted to it for determination.

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


         IN  WITNESS  WHEREOF,  the  parties  hereto  acknowledge  that each has
carefully read this  Agreement and executed the original  thereof on the 3rd day
of February, 1995 and that, upon execution, each has received a conforming copy.



                                       FIRST FEDERAL SAVINGS BANK OF LAGRANGE




                                      By:
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Witness                               Title



                                      By:
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Witness




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