ROEBLING BANK

                              EMPLOYMENT AGREEMENT


         THIS  AGREEMENT  entered  into  this 1st day of June  2003  ("Effective
Date"),  by and between  Roeblings Bank,  Roebling,  New Jersey, a Federal stock
savings bank, hereafter (the "Bank") and Janice A. Summers (the "Employee").

         WHEREAS,  the  Employee  has  heretofore  been  employed by the Bank as
Senior Vice President,  Chief Operating  Officer and Chief Financial Officer and
is experienced in all phases of the business of the Bank; and

         WHEREAS, the parties desire by this writing to set forth the continuing
employment relationship between the Bank and the Employee.

         NOW, THEREFORE, intending to be legally bound, the parties hereto agree
as follows:

         1.  Employment.  The Employee is employed in the capacity as the Senior
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Vice President, Chief Operating Officer and Chief Financial Officer of the Bank.
The Employee shall render such  administrative  and  management  services to the
Bank and to Roebling  Financial Corp.,  Inc. or any successor holding company of
the Bank ("Parent") as are currently  rendered and as are customarily  performed
by persons situated in a similar executive capacity.  The Employee shall promote
the business of the Bank and Parent.  The Employee's  other duties shall be such
as the Board of Directors for the Bank (the "Board of Directors" or "Board") may
from time to time reasonably  direct,  including  normal duties as an officer of
the Bank.

         2. Base  Compensation.  The Bank agrees to pay the Employee  during the
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term of this  Agreement  a salary at the rate of $86,000  per annum,  payable in
cash not less  frequently than monthly;  provided,  that the rate of such salary
shall be reviewed by the Board of Directors  not less often than  annually,  and
Employee shall be entitled to receive annually an increase at such percentage or
in such an amount as the Board of Directors in its sole discretion may decide at
such time.

         3.  Discretionary  Bonus. The Employee shall be entitled to participate
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in an equitable manner with all other senior management employees of the Bank in
discretionary  bonuses  that may be  authorized  and  declared  by the  Board of
Directors  to its  senior  management  employees  from  time to  time.  No other
compensation provided for in this Agreement shall be deemed a substitute for the
Employee's  right  to  participate  in such  discretionary  bonuses  when and as
declared by the Board of Directors.

<PAGE>

         4. (a)  Participation  in Retirement  and Medical  Plans.  The Employee
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shall be entitled to  participate  in any plan of the Bank  relating to pension,
profit-sharing,   or  other   retirement   benefits  and  medical   coverage  or
reimbursement  plans that the Bank may adopt for the  benefit of its  employees.
Additionally, during the term of this Agreement, the Employee's dependent family
shall be eligible to participate in medical and dental insurance plans sponsored
by the Bank with the cost of such additional  premiums for the Employee's family
paid by the Bank.

                  (b)  Employee  Benefits;   Expenses.  The  Employee  shall  be
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eligible  to  participate  in any  fringe  benefits  which may be or may  become
applicable  to the Bank's  senior  management  employees,  including by example,
participation  in any stock  option or incentive  plans  adopted by the Board of
Directors of Bank, club memberships, a reasonable expense account, and any other
benefits which are commensurate  with the  responsibilities  and functions to be
performed  by the  Employee  under  this  Agreement.  The Bank  shall  reimburse
Employee for all reasonable out-of-pocket expenses which Employee shall incur in
connection with his service for the Bank.

         5. Term. The term of employment of Employee under this Agreement  shall
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be for  the  period  commencing  on the  Effective  Date  and  ending  one  year
thereafter ("Term"). Unless the Board of Directors of the Bank determines not to
renew such Term and gives the Employee  not less than sixty days written  notice
of its intention to not renew such Term, then as of each annual anniversary date
from the Effective  Date,  the Term of this  Agreement  shall be extended for an
additional one year period beyond the then effective expiration date.

         6. Loyalty; Noncompetition.
            -----------------------

         (a) The  Employee  shall  devote  his full  time and  attention  to the
performance  of  his  employment  under  this  Agreement.  During  the  term  of
Employee's employment under this Agreement, the Employee shall not engage in any
business or activity  contrary to the business  affairs or interests of the Bank
or Parent.

         (b) Nothing  contained  in this Section 6 shall be deemed to prevent or
limit the right of Employee to invest in the capital  stock or other  securities
of any  business  dissimilar  from that of the Bank or Parent,  or,  solely as a
passive or minority investor, in any business.

         7.  Standards.  The  Employee  shall  perform  his  duties  under  this
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Agreement in accordance  with such  reasonable  standards  expected of employees
with comparable positions in comparable  organizations and as may be established
from time to time by the Board of Directors.

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<PAGE>

         8. Vacation and Sick Leave.  At such  reasonable  times as the Board of
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Directors  shall in its  discretion  permit,  the  Employee  shall be  entitled,
without loss of pay, to absent himself  voluntarily  from the performance of his
employment  under this Agreement,  with all such voluntary  absences to count as
vacation time; provided that:

         (a) The  Employee  shall  be  entitled  to  annual  vacation  leave  in
accordance  with the policies as are  periodically  established  by the Board of
Directors for senior management employees of the Bank, but in no event less than
four weeks per year.

         (b) The  Employee  shall not be  entitled  to  receive  any  additional
compensation from the Bank on account of his failure to take vacation leave, and
Employee  shall not be entitled to  accumulate  unused  vacation from one fiscal
year to the next,  except to the extent authorized by the Board of Directors for
senior management employees of the Bank.

         (c) The Employee  shall be entitled to an annual sick leave  benefit as
established  by the Board of Directors  for senior  management  employees of the
Bank.  In the event that any sick leave  benefit shall not have been used during
any year,  such  leave  shall  accrue to  subsequent  years  only to the  extent
authorized by the Board of Directors for employees of the Bank.

         9. Termination and Termination Pay.
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         The Employee's employment under this Agreement shall be terminated upon
any of the following occurrences:

         (a) The death of the  Employee  during the term of this  Agreement,  in
which event the Employee's  estate shall be entitled to receive the compensation
due the Employee  through the last day of the calendar month in which Employee's
death shall have occurred.

         (b) The Bank may terminate the  Employee's  employment at any time with
or without Just Cause within its sole  discretion.  This Agreement  shall not be
deemed to give Employee any right to be retained in the employment or service of
the Bank, or to interfere with the right of the Bank to terminate the employment
of the  Employee  at any  time,  but any  termination  by the  Bank  other  than
termination  for  Just  Cause,  shall  not  prejudice  the  Employee's  right to
compensation  or other benefits under the Agreement.  The Employee shall have no
right to receive compensation or other benefits for any period after termination
for Just Cause. The Bank may within its sole  discretion,  acting in good faith,
terminate   the  Employee  for  Just  Cause  and  shall  notify  such   Employee
accordingly.  Termination for "Just Cause" shall include  termination because of
the Employee's personal dishonesty,  incompetence, willful misconduct, breach of
fiduciary duty involving personal profit,

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<PAGE>

intentional failure to perform stated duties, willful violation of any law, rule
or  regulation  (other than  traffic  violations  or similar  offenses) or final
cease-and-desist order, or material breach of any provision of the Agreement.

         (c) Except as  provided  pursuant  to  Section 12 herein,  in the event
Employee's  employment  under  this  Agreement  is  terminated  by the  Board of
Directors without Just Cause, the Bank shall be obligated to continue to pay the
Employee the salary  provided  pursuant to Section 2 herein for the remainder of
the Term of the Agreement as provided at Section 5, herein,  but in no event for
a  period  of less  than six (6)  months  thereafter,  and the cost of  Employee
obtaining all health,  life,  disability,  and other benefits which the Employee
was eligible to participate in as of the last date of employment for a period of
120 days from the date of such  termination of employment based upon the benefit
levels  substantially  equal to those  being  provided  Employee  at the date of
termination of employment.

         (d) If the  Employee  is removed  and/or  permanently  prohibited  from
participating  in the  conduct of the Bank's  affairs by an order  issued  under
Sections  8(e)(4) or 8(g)(1) of the Federal  Deposit  Insurance Act ("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 the vested rights of
the parties shall not be affected.

         (e) If the Bank is in default (as  defined in Section  3(x)(1) of FDIA)
all obligations  under this Agreement shall terminate as of the date of default,
but this  paragraph  shall not  affect  any  vested  rights  of the  contracting
parties.

         (f) All obligations under this Agreement shall be terminated, except to
the extent  determined that  continuation of this Agreement is necessary for the
continued  operation  of the Bank:  (i) by the  Director of the Office of Thrift
Supervision  ("Director of OTS"),  or his or her designee,  at the time that the
Federal  Deposit  Insurance  Corporation  ("FDIC")  enters into an  agreement to
provide assistance to or on behalf of the Bank under the authority  contained in
Section  13(c)  of  FDIA;  or (ii) by the  Director  of the  OTS,  or his or her
designee,  at the time  that the  Director  of the OTS,  or his or 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. Any rights of the parties that have already vested,
however, shall not be affected by such action.

         (g) The voluntary  termination by the Employee  during the term of this
Agreement  with the delivery of no less than 30 days written notice to the Board
of Directors,  other than pursuant to Section 12(b),  in which case the Employee
shall be entitled to receive only

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<PAGE>

the compensation, vested rights, and all employee benefits up to
the date of such termination.

         (h) Notwithstanding  anything herein to the contrary, any payments made
to the Employee pursuant to the Agreement, or otherwise, shall be subject to and
conditioned   upon  compliance  with  12  USC  ss.1828(k)  and  any  regulations
promulgated thereunder.

         10.  Suspension  of  Employment.  If the  Employee is suspended  and/or
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temporarily  prohibited from  participating in the conduct of the Bank's affairs
by a notice  served  under  Section  8(e)(3)  or (g)(1)  of the FDIA (12  U.S.C.
1818(e)(3)  and (g)(1)),  the Bank's  obligations  under the 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 within its discretion
(i) pay the Employee all or part of the compensation withheld while its contract
obligations were suspended and (ii) reinstate any of its obligations  which were
suspended.

         11. Disability.  If the Employee shall become disabled or incapacitated
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to the extent  that he is unable to perform his duties  hereunder,  by reason of
medically determinable physical or mental impairment,  as determined by a doctor
engaged by the Board of  Directors,  Employee  shall  nevertheless  continue  to
receive the compensation and benefits provided under the terms of this Agreement
as follows:  100% of such  compensation  and benefits for a period of 12 months,
but not exceeding the remaining  term of the  Agreement,  and 65% thereafter for
the remainder of the term of the Agreement,  if applicable.  Such benefits noted
herein  shall be reduced by any  benefits  otherwise  provided  to the  Employee
during such period under the  provisions  of  disability  insurance  coverage in
effect for Bank  employees.  Thereafter,  Employee  shall be eligible to receive
benefits  provided  by the Bank under the  provisions  of  disability  insurance
coverage  in effect  for Bank  employees.  Upon  returning  to active  full-time
employment,  the  Employee's  full  compensation  as set forth in this Agreement
shall be reinstated as of the date of  commencement of such  activities.  In the
event that the Employee  returns to active  employment on other than a full-time
basis, then his compensation (as set forth in Section 2 of this Agreement) shall
be  reduced in  proportion  to the time  spent in said  employment,  or as shall
otherwise be agreed to by the parties.

         12. Change in Control.
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         (a) Notwithstanding any provision herein to the contrary,  in the event
of the involuntary  termination of Employee's employment during the term of this
Agreement  following  any change in control of the Bank or Parent,  absent  Just
Cause,  Employee  shall be paid an  amount  equal to two  (2.0)  times the total
taxable compensation paid to the Employee during the calendar year period ending
on the

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December  31 prior to such  Change in  Control  plus the costs  associated  with
maintaining the benefits  participation  in effect as of the date of such Change
in  Control  for a period  of two  years  from the date of such  termination  of
employment. Said sum shall be paid, at the option of Employee, either in one (1)
lump sum within  thirty (30) days of such  termination  or in periodic  payments
over the next 24 month period  following such  termination of employment,  as if
Employee's  employment  had not been  terminated,  and such payments shall be in
lieu of any other future payments which the Employee would be otherwise entitled
to receive under Section 9 of this Agreement.  Notwithstanding the forgoing, all
sums  payable  hereunder  shall be reduced in such  manner and to such extent so
that no such payments made hereunder when  aggregated with all other payments to
be made to the  Employee  by the Bank or the  Parent  shall be deemed an "excess
parachute  payment" in accordance with Section 280G of the Internal Revenue Code
of 1986, as amended (the "Code") and  regulations  promulgated  thereunder,  and
would be subject to the excise tax provided at Section  4999(a) of the Code. The
term  "control" or "Change in Control" shall refer to: (i) the sale of all, or a
material  portion,  of the  assets  of the Bank or  Parent;  (ii) the  merger or
recapitalization of the Bank or Parent whereby the Bank or the Parent is not the
surviving entity;  (iii) a change in control of the Bank or Parent, as otherwise
defined or determined by the Office of Thrift Supervision ("OTS") or regulations
promulgated  by it; or (iv) the  acquisition,  directly  or  indirectly,  of the
beneficial  ownership  (within the meaning of that term as it is used in Section
13(d) of the  Securities  Exchange  Act of 1934 and the  rules  and  regulations
promulgated  thereunder) of twenty-five percent (25%) or more of the outstanding
voting  securities of the Bank or Parent by any person,  trust,  entity or group
other than by Roebling  Financial Corp.,  Inc., the holding company of the Bank.
This  limitation  shall not apply to the purchase of shares by  underwriters  in
connection  with a public  offering of Parent or Bank stock,  or the purchase of
shares of up to 25% of any class of  securities  of the Bank or Parent by a tax-
qualified employee stock benefit plan. The term "person" refers to an individual
or  a  corporation,   partnership,  trust,  association,  joint  venture,  pool,
syndicate, sole proprietorship, unincorporated organization or any other form of
entity not  specifically  listed herein. A Change in Control shall not include a
transaction  whereby Roebling  Financial Corp., MHC shall merge into the Bank or
Parent and a new parent holding company of the Bank is formed. The provisions of
this Section 12(a) shall  survive the  expiration  of this  Agreement  occurring
after a Change in Control.

         (b)  Notwithstanding  any  other  provision  of this  Agreement  to the
contrary,  Employee may voluntarily  terminate his employment during the term of
this Agreement following a change in control of the Bank or Parent, and Employee
shall thereupon be entitled to receive the payment described in Section 12(a) of
this Agreement,  upon the occurrence,  or within ninety (90) days thereafter, of
any of the following events,  which have not been consented to in advance by the
Employee in writing: (i) if Employee would be

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<PAGE>

required  to move his  personal  residence  or perform his  principal  executive
functions more than thirty-five (35) miles from the Employee's primary office as
of the signing of this Agreement; (ii) if in the organizational structure of the
Bank, Employee would be required to report to a person or persons other than the
Board of Directors or the  President of the Bank;  (iii) if the Bank should fail
to maintain  Employee's base compensation in effect as of the date of the Change
in Control and the existing employee benefits plans,  including  material fringe
benefit,  stock option and retirement  plans; (iv) if Employee would be assigned
duties  and  responsibilities  other  than those  normally  associated  with his
position  as   referenced   at  Section  1,   herein;   or  (v)  if   Employee's
responsibilities  or authority  have in any way been  materially  diminished  or
reduced.  The  provisions of this Section 12(b) shall survive the  expiration of
this Agreement occurring after a Change in Control.

         13. Successors and Assigns.
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         (a) This  Agreement  shall inure to the benefit of and be binding  upon
any  corporate or other  successor  of the Bank or Parent  which shall  acquire,
directly or indirectly, by merger, consolidation,  purchase or otherwise, all or
substantially all of the assets or stock of the Bank or Parent.

         (b) Since the Bank is contracting for the unique and personal skills of
the Employee,  the Employee  shall be precluded from assigning or delegating his
rights or duties  hereunder  without first  obtaining the written consent of the
Bank.

         14.  Amendments.  No amendments or additions to this Agreement shall be
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binding  upon the  parties  hereto  unless  made in  writing  and signed by both
parties, except as herein otherwise specifically provided.

         15.  Applicable  Law.  This  agreement  shall be governed  all respects
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whether as to validity, construction, capacity, performance or otherwise, by the
laws of the State of New Jersey,  except to the extent that Federal law shall be
deemed to apply.

         16.  Severability.  The  provisions of this  Agreement  shall be deemed
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severable and the  invalidity  or  unenforceability  of any provision  shall not
affect the validity or enforceability of the other provisions hereof.

         17. Arbitration. Any controversy or claim arising out of or relating to
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this  Agreement,  or the breach  thereof,  shall be settled  by  arbitration  in
accordance  with the rules then in effect of the district office of the American
Arbitration  Association  ("AAA")  nearest to the home  office of the Bank,  and
judgment upon the award rendered may be entered in any court having jurisdiction
thereof,  except to the extend  that the parties  may  otherwise  reach a mutual
settlement of such issue. Further, the settlement of the dispute

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to be  approved  by the  Board of the  Bank  may  include  a  provision  for the
reimbursement by the Bank to the Employee for all reasonable costs and expenses,
including reasonable attorneys' fees, arising from such dispute,  proceedings or
actions, or the Board of the Bank or the Parent may authorize such reimbursement
of such  reasonable  costs and expenses by separate action upon a written action
and  determination  of the  Board  following  settlement  of the  dispute.  Such
reimbursement  shall be paid within ten (10) days of Employee  furnishing to the
Bank or Parent  evidence,  which may be in the form,  among other  things,  of a
canceled check or receipt,  of any costs or expenses  incurred by Employee.  The
provisions of this Section 17 shall survive the expiration of this Agreement.

         18. Entire Agreement. This Agreement together with any understanding or
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modifications  thereof as agreed to in writing by the parties,  shall constitute
the entire agreement between the parties hereto.


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