**Exhibit
      10.4**


**FIRST
      AMENDMENT**


**BANK
      EMPLOYMENT AGREEMENT**





**WHEREAS,**  Delanco
      Federal Savings Bank (the “Bank”) and Douglas R. Allen, Jr. (the “Executive”)
      entered into an employment agreement, effective as of March 20, 2007 (the
“Agreement”); and





**WHEREAS,** **** the
      Agreement currently provides for a change in the Executive’s position with the
      Bank, effective as of October 1, 2007; and





**WHEREAS,**  the
      parties desire to amend the Agreement to reflect that the Executive will remain
      in his current position through December 31, 2007; and





**WHEREAS,** **** the
      parties also desire to amend the Agreement to reflect certain requirements
      of
      Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and
      the Treasury regulations issued pursuant to Section 409A of the Code;
      and





**WHEREAS,** Section
      20 of the Agreement provides for its amendment by means of a written instrument
      signed by the parties.





**NOW,
      THEREFORE,** the
      parties hereby agree to amend the Agreement as follows:




***First
      Change***





The
      first
      sentence of Section 1 is hereby amended to read as follows:





“The
      Bank
      will employ Executive as Senior Vice President, Treasurer and Chief Financial
      Officer until December 31, 2007.”





***Second
      Change***





The
      last
      sentence of Section 4(a) is hereby amended to read as follows:





“Following
      December 31, 2007, the Board shall adjust Executive’s annual base salary upward
      to reflect his new duties and responsibilities.”





***Third
      Change***





The
      second sentence of Section 10(c) is hereby deleted in its entirety and replaced
      with the following:





“For
      purposes of this Agreement, “Disability” means the Executive is unable to engage
      in any substantial gainful activity by reason of any medically determinable
      physical or mental impairment that can be expected to result in death or can
      be
      expected to last for a continuous period of not less than twelve (12)
      months.”








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***Fourth
      Change***





The
      last
      sentence of Section 10(f)(ii) is hereby amended to read as follows:





“If
      the
      Bank cannot provide such coverage because Executive is no longer an employee,
      the Bank will provide Executive with comparable coverage on an individual policy
      basis; provided, however, that to the extent required under Section 409A of
      the
      Internal Revenue Code of 1986, as amended (the “Code”), and the regulations
      issued thereunder, the aggregate payments received for such insurance
      continuation coverage shall not exceed the applicable dollar limitation under
      Section 402(g)(1)(B) of the Code for the year in which Executive terminates
      employment.”





***Fifth
      Change***





The
      last
      two sentences of Section 11(b) are hereby deleted in their entirety and replaced
      with the following:





“If
      the
      Bank cannot provide such coverage because Executive is no longer an employee,
      the Bank will provide Executive with comparable coverage on an individual policy
      basis. The medical, dental and life insurance coverage provided under this
      Section 11(b) shall cease upon the earlier of: (i) Executive’s death; (ii)
      Executive’s employment by another employer other than one of which he is the
      majority owner; or (iii) thirty-six months after his termination of employment;
      provided, however, that to the extent required under Section 409A of the
      Internal Revenue Code of 1986, as amended (the “Code”) and the regulations
      issued thereunder, the aggregate payments received for such insurance
      continuation coverage shall not exceed the applicable dollar limitation under
      Section 402(g)(1)(B) of the Code for the year in which Executive terminates
      employment.”





***Sixth
      Change***





The
      following shall be added to the Agreement as Section 26:





“ **26.**  **Effect
      of Code Section 409A** **.** Notwithstanding
      anything in this Agreement to the contrary, if the Bank in good faith
      determines, as of the effective date of Executive’s termination of employment,
      that an amount (or any portion of an amount) payable to Executive hereunder,
      is
      required to be suspended or delayed for six months in order to satisfy the
      requirements of Section 409A of the Code, then the Bank will so advise
      Executive, and any such payment (or the minimum amount thereof) shall be
      suspended and accrued for six months, whereupon such amount or portion thereof
      shall be paid to Executive in a lump sum (together with interest thereon at
      the
      then-prevailing prime rate) on the first day of the seventh month following
      the
      effective date of Executive’s termination of employment.”


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**IN
      WITNESS WHEREOF,**  the
      Bank
      has caused this Amendment to the Agreement to be executed by its duly authorized
      officer, and the Executive has signed this Amendment, on the 16 th day of
      July, 2007.




ATTEST:
              **DELANCO
                  FEDERAL SAVINGS BANK**/s/
                  Ronald E. Casperite
              By:/s/
                  James W.
                  VernerFor the Board of DirectorsWITNESS:
              **EXECUTIVE**/s/
                  Robert M. Notigan
              /s/
                  Douglas R. Allen,
                  Jr.Douglas
                  R. Allen, Jr.


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