EXHIBIT 10.4
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                             LAKEVIEW SAVINGS BANK
                         SUPPLEMENTAL RETIREMENT PLAN

                              FOR SENIOR OFFICERS

      WHEREAS,  Lakeview  Savings  Bank  ("Bank")  wishes to reward the years of
extensive  service provided by its Senior Officers and to retain the best talent
available to serve the Bank and its Board of Directors, and

      WHEREAS,  it is deemed  advisable and in the best interests of the Bank to
offer such Senior Officers with additional  financial  incentives in the form of
deferred  compensation to encourage such continued  participation and service to
the Bank,

      NOW THEREFORE,  BE IT RESOLVED that the Lakeview Savings Bank Supplemental
Retirement  Plan for Senior  Officers  ("Supplemental  Plan"),  be  adopted  and
implemented effective April 1, 1996, as follows:

                                   ARTICLE I

                                  DEFINITIONS

      The following  words and phrases as used herein shall,  for the purpose of
this Plan and any  subsequent  amendment  thereof,  have the following  meanings
unless a different  meaning is plainly  required by the  content,  except to the
extent that such terms which are not defined  herein shall be defined  under the
Pension Plan:

      1.1 "Bank" means Lakeview Savings Bank, West Paterson,  New Jersey, or any
successor thereto.

      1.2 "Beneficiary"  shall mean the Participant's  surviving spouse, if any,
the Participant's  named beneficiary as reflected on the records of the Bank, or
the Participant's estate, in descending order of priority.

      1.3 "Board" means the Board of Directors of the Bank, as constituted  from
time to time and successors thereto.

      1.4 "Change in Control"  means (i) the  execution of an agreement  for the
sale  of  all,  or a  material  portion,  of  the  assets  of  the  Bank  or the
Corporation; (ii) the execution of an agreement for a merger or recapitalization
of the Bank or the  Corporation  or any merger or  recapitalization  whereby the
Bank or the Corporation is not the surviving  entity;  (iii) a change of control
of the Bank or the  Corporation,  as otherwise  defined or determined by the New
Jersey  Department  of Banking  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 the
Corporation by any person, trust, entity or group. The term "person" means an


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individual other than the  Participant,  or a corporation,  partnership,  trust,
association, joint venture, pool, syndicate, sole proprietorship, unincorporated
organization or any other form of entity not specifically listed herein.

      1.5   "Committee" means the Executive Committee of the Board of the Bank.

      1.6  "Corporation"  means any parent bank  holding  company or savings and
loan holding company of the Bank, and any successor thereto.

      1.7   "Director" means a member of the Board of the Bank.

      1.8  "Disability"  (total  and  permanent  disability)  means a mental  or
physical  disability  which prevents the Participant  from performing the normal
duties of his or her position with the Bank. Such disability must have prevented
the Participant from performing his or her duties for at least six months, and a
physician  satisfactory  to both the  Participant and the Bank must certify that
the  Participant  is disabled from  performing his or her normal duties with the
Bank.

      1.9 "Early Retirement Date" shall mean the first day of the calendar month
following  attainment of not less than age 55 of the  Participant  or thereafter
whereby the Participant retires as an employee of the Bank following  completion
of not less than twenty (20) years of service with the Bank, except as otherwise
provided at Section 2.3 herein.

      1.10  "Effective Date" means April 1, 1996.

      1.11  "Participant"  means a senior  officer of the Bank as  determined by
action of the Board and as named at Attachment A hereto,  as may be amended from
time to time.  Such  participation  shall  continue as long as such  Participant
fulfills all requirements for participation subject to the right of termination,
amendment and modification of the Plan hereinafter set forth.

      1.12 "Pension Plan" means the tax-qualified defined benefit plan sponsored
by the  Bank  for the  benefit  of the  Bank's  employees  in  effect  as of the
Effective Date.

      1.13 "Plan" means the Lakeview Savings Bank  Supplemental  Retirement Plan
for Senior Officers, as herein set forth, as amended from time to time.

      1.14 "Retirement Date" means the first day of the calendar month following
attainment of age 62 of the  Participant or thereafter  whereby the  Participant
retires  as an  employee  of the  Bank,  following  completion  of not less than
twenty-eight (28) years of service with the Bank.

      1.15  "Service"  means all years of service as an employee of the Bank and
all predecessor and successor entities.

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                                  ARTICLE II

                                   BENEFITS

      2.1  Retirement.  Upon a  Participant's  termination  from  service  as an
employee  of the Bank on or after the  Retirement  Date or the Early  Retirement
Date,  the Bank  shall pay to the  participant  a pension  benefit  in an amount
approved  by the  Board  and set  forth  herein  at  Article  II,  Section  2.4,
commencing  on the first  business day of the calendar  month  commencing  on or
after the Retirement Date or the Early  Retirement  Date.  Except as provided at
Article II, Section 2.2, 2.3 and 2.5 herein,  upon a  Participant's  termination
from  service as an  employee  of the Bank prior to the  Retirement  Date or the
Early  Retirement  Date,  the Bank shall have no  financial  obligations  to the
Participant under the Plan.

      2.2  Disability.  In the event of the Disability of the  Participant,  the
Participant  will be entitled to a pension  benefit  equal to 100% of the amount
specified  at Article  II,  Section  2.4,  payable on the first day of the month
following   certification  of  such  Disability  without  regard  to  any  other
provisions herein to the contrary.

      2.3 Change in Control.  All benefits payable, or that would become payable
if the Participant were to retire prior to such Change in Control,  shall remain
payable  thereafter.  Upon termination of service following a Change in Control,
all benefits shall be deemed payable  immediately in accordance with Article II,
Section 2.4;  provided that if the Participant is not yet age 55 as of such date
of termination of service and has not yet completed at least 20 Years of Service
with the Bank, such Participant shall nevertheless be deemed to be not less than
age 55 as of the date of such  termination  and have  completed not less than 20
Years of Service  with the Bank  following a Change of Control  for  purposes of
calculation  of benefits  payable in  accordance  with  Section 2.4 herein,  and
further that it shall be assumed that  benefits  payable  under the Pension Plan
shall be paid as of the date of  termination  of  service,  or as of the date of
such  Change of Control  (if  later),  in order to  calculate  benefits  payable
hereunder. Actual Years of Service for benefits calculation purposes following a
Change in  Control  shall  include  all  years of  service  remaining  under any
employment agreement between the Participant and the Bank.

      2.4 Benefit Payments. The Participant shall be eligible to receive benefit
payments under the Plan, as follows:

      a. Benefits  payable  hereunder  shall be calculated in the same manner as
benefits payable under the Pension Plan, except however notwithstanding anything
herein or in the Pension Plan to the contrary,  in  calculation of such benefits
payable,  (i) Final Average  Compensation shall not be limited by the provisions
of Section  401(a)(17)(B)  of the Internal  Revenue Code ("Code"),  and (ii) the
maximum  annual  pension  benefit  payable  shall  not be  limited  by  Sections
415(b)(1)(A) or 415(e) of the Code.  Benefits payable hereunder shall be reduced
to the extent of benefits payable under the Pension Plan.

      b.  Notwithstanding  any  provisions  of the Pension Plan to the contrary,
benefits  payable prior to the  Retirement  Date shall be reduced at the rate of
2.5% per year (and  0.20833%  per month) for each year (or full  month) that the
Participant commences receipt of such benefits prior to attainment of age 62.

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      c. Benefits payable hereunder are exclusive of any benefits received under
the Federal Social Security Act or any income tax liabilities of the Participant
or Beneficiary.

      d. Benefits payable  hereunder shall be paid in the same manner and at the
same frequency as benefits payable under the Pension Plan.

      2.5 Benefit Payments Following Death. A Participant  receiving benefits in
accordance with Article II, Sections 2.1, 2.2 or 2.3 shall, upon death, continue
to have  the  balance  of any  such  payments  due be paid to the  Participant's
Beneficiary  in the same  manner as  benefits  payable  in  accordance  with the
provisions of the Pension Plan. Upon the death of a Participant after attainment
of the Retirement Date or Early Retirement Date but prior to the commencement of
benefit  payments,  benefits payable in accordance with Section 2.4 herein shall
be  immediately  and 100%  payable  to the  Beneficiary  in the same  manner  as
benefits payable under the Pension Plan.

                                  ARTICLE III

                                   INSURANCE

      3.1 Ownership of Insurance. The Bank, in its sole discretion, may elect to
purchase one or more life  insurance  policies on the lives of  Participants  in
order to provide  funds to the Bank to pay part or all of the  benefits  accrued
under this Plan.  All rights and  incidents of  ownership in any life  insurance
policy  that  the  Bank  may  purchase  insuring  the  life  of the  Participant
(including any right to proceeds payable thereunder) shall belong exclusively to
the  Bank  or its  designated  Trust,  and  neither  the  Participant,  nor  any
beneficiary or other person  claiming under or through him or her shall have any
rights,  title or interest in or to any such insurance  policy.  The Participant
shall not have any power to transfer,  assign, hypothecate or otherwise encumber
in advance any of the  benefits  payable  thereunder,  nor shall any benefits be
subject to seizure for the benefit of any debts or judgments, or be transferable
by operation of law in the event of  bankruptcy,  insolvency or  otherwise.  Any
life  insurance  policy  purchased  pursuant  hereto  and any  proceeds  payable
thereunder shall remain subject to the claims of the Bank's general creditors.

      3.2 Physical Examination.  As a condition of becoming or remaining covered
under this Plan, the  Participant,  as may be requested by the Bank from time to
time shall take a physical  examination by a physician  approved by an insurance
carrier. The cost of the examination shall not be borne by the Participant.  The
report of such examination  shall be transmitted  directly from the physician to
the  insurance  carrier  designated  by the  Bank  to  establish  certain  costs
associated with obtaining  insurance  coverages as may be deemed necessary under
this Plan. Such examination shall remain confidential among the Participant, the
physician and the insurance  carrier and shall not be made available to the Bank
in any form or manner.

      3.3 Death of Participant.  Upon the death of the Participant, the proceeds
derived from any such insurance policy held by the Bank or any related Trust, if
any, shall be paid to the Bank or its designated Trust.

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                                  ARTICLE IV

                                     TRUST

      4.1 Trust.  Except as may be specifically  provided,  nothing contained in
this Plan and no action  taken  pursuant  to the  provisions  of this Plan shall
create  or  be  construed  to  create  a  trust  of  any  kind,  or a  fiduciary
relationship between the Bank and the Participant or any other person. Any funds
which may be invested  under the  provisions of this Plan shall continue for all
purposes to be a part of the general funds of the Bank. No person other than the
Bank shall by virtue of the  provisions  of this Plan have any  interest in such
funds.  The Bank shall not be under any  obligation  to use such funds solely to
provide  benefits  hereunder,  and  no  representations  have  been  made  to  a
Participant  that  such  funds  can or  will be used  only to  provide  benefits
hereunder.  To the extent that any person  acquires a right to receive  payments
from the Bank under the Plan,  such rights shall be no greater than the right of
any unsecured general creditor of the Bank.

      In order to facilitate  the  accumulation  of funds  necessary to meet the
costs of the Bank under this Plan (including the provision of funds necessary to
pay premiums with respect to any life insurance  policies  purchase  pursuant to
Article III above and to pay  benefits to the extent that the cash value  and/or
proceeds of any such policies are not adequate to make payments to a Participant
or his or her beneficiary as and when the same are due under the Plan), the Bank
may enter into a Trust  Agreement.  The Bank,  in its  discretion,  may elect to
place any life insurance  policies  purchased pursuant to Article III above into
the Trust. In addition, such sums shall be placed in said Trust as may from time
to time be approved by the Board of Directors,  in its sole  discretion.  To the
extent that the assets of said Trust and/or the  proceeds of any life  insurance
policy  purchased  pursuant to Article III are not  sufficient  to pay  benefits
accrued under this Plan,  such payments shall be made from the general assets of
the Bank.

                                   ARTICLE V

                                    VESTING

      5.1  Vesting.  All  benefits  under  this Plan are deemed  non-vested  and
forfeitable  prior to the Retirement Date or Early Retirement Date. All benefits
payable  hereunder  shall be  deemed  100%  earned  and  non-forfeitable  by the
Participant  and his or her  Beneficiary  as of the  Retirement  Date  or  Early
Retirement Date.  Notwithstanding the foregoing,  all benefits payable hereunder
shall be deemed 100% earned and  non-forfeitable  by the  Participant and his or
her  Beneficiary  upon the death or the Disability of the  Participant,  or upon
termination of employment following a Change in Control of the Bank. No benefits
shall be deemed  payable  hereunder for any time period prior to  termination of
employment prior to the Retirement Date or Early Retirement Date,  except in the
event of death,  Disability or termination  of employment  following a Change in
Control of the Bank, in which case such benefits shall be immediately payable as
of such date of termination of employment.

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                                  ARTICLE VI

                                  TERMINATION

      6.1 Termination.  All rights of the Participant  hereunder shall terminate
immediately upon the Participant ceasing to be in the active service of the Bank
prior to the time that the benefits payable under the Plan shall be deemed to be
100% earned and non-forfeitable.  A leave of absence approved by the Board shall
not  constitute  a cessation  of service  within the meaning of this  paragraph,
within the sole discretion of the Committee.

                                  ARTICLE VII

                     FORFEITURE OR SUSPENSION OF BENEFITS

      7.1  Forfeiture  or  Suspension  of  Benefits.  Notwithstanding  any other
provision of this Plan to the contrary, benefits shall be forfeited or suspended
during any period of paid service with the Bank  following the  commencement  of
benefit payments, within the sole discretion of the Committee.

                                 ARTICLE VIII

                              GENERAL PROVISIONS

      8.1 Other  Benefits.  Nothing  in this Plan shall  diminish  or impair the
Participant's eligibility,  participation or benefit entitlement under any other
benefit,  insurance  or  compensation  plan  or  agreement  of the  Bank  now or
hereinafter in effect.  Upon termination of service after the Retirement Date or
Early  Retirement  Date,  Disability,  or termination of employment  following a
Change in Control,  a Participant will continue to be eligible to participate in
the  Bank's  group  medical  insurance  programs  on  the  same  basis  as  such
Participant  and  dependents  were  enrolled  in  such  programs  prior  to such
termination.  Upon death,  the  Participant's  spouse and dependents will remain
eligible to participate in such programs.

      8.2 No Effect  on  Employment.  This Plan  shall not be deemed to give any
Participant or other person in the employ or service of the Bank any right to be
retained in the  employment  or service of the Bank,  or to  interfere  with the
right of the Bank to terminate any  Participant or such other person at any time
and to treat him or her without regard to the effect which such treatment mights
have upon him or her as a Participant in this Plan.

      8.3 Legally  Binding.  The rights,  privileges,  benefits and  obligations
under this Plan are  intended  to be legal  obligations  of the Bank and binding
upon the Bank, its successors and assigns.

      8.4 Modification. The Bank, by action of the Board, reserves the exclusive
right  to  amend,   modify,  or  terminate  this  Plan.  Any  such  termination,
modification or amendment shall not terminate or diminish any rights or benefits
accrued by any Participant prior thereto.  The Bank shall give thirty (30) days'
notice in writing to any  Participant  prior to the  effective  date of any such
amendment,  modification  or  termination  of  this  Plan.  Notwithstanding  the
foregoing,  in no event shall such benefits  payable to a Participant  under the
Plan be reduced  below those  provided  for in Section 2.4 herein.  In the event
that the Plan benefits payable

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under  Section  2.4 of the  Plan  are  reduced  or the  Plan  is  terminated,  a
Participant  shall be  immediately  100% vested in all  benefits  calculated  in
accordance  with  Section  2.4 as of the  date of such  Plan  amendment  or Plan
termination without regard to such Plan amendment or Plan termination.

      8.5  Arbitration.  Any  controversy or claim arising out of or relating to
any contract or the breach thereof shall be settled by arbitration in accordance
with the Commercial  Arbitration Rules of the American Arbitration  Association,
with  such  arbitration  hearing  to be  held  at the  offices  of the  American
Arbitration  Association  ("AAA")  unless  otherwise  mutually  agreed to by the
Participant  and  the  Bank,  and  judgment  upon  the  award  rendered  by  the
arbitrator(s) may be entered in any court having jurisdiction thereof.

      8.6  Limitation.  No  rights  of any  Participant  are  assignable  by any
Participant,  in whole or in part,  either by voluntary or involuntary act or by
operation  of  law.  Rights  of  Participants   hereunder  are  not  subject  to
anticipation,  alienation, sale, transfer,  assignment,  pledge,  hypothecation,
encumbrance  or  garnishment  by creditors of the  Participant or a Beneficiary.
Such rights are not subject to the debts, contracts,  liabilities,  engagements,
or torts of any Participant or his or her Beneficiary. No Participant shall have
any right under this Plan or any Trust  referred to in Article IV or against any
assets held or  acquired  pursuant  thereto  other than the rights of a general,
unsecured  creditor of the Bank pursuant to the unsecured promise of the Bank to
pay the benefits  accrued  hereunder in accordance  with the terms of this Plan.
The Bank has no  obligation  under  this Plan to fund or  otherwise  secure  its
obligations to render payments  hereunder to Participants.  No Participant shall
have any voice in the use,  disposition,  or investment of any asset acquired or
set aside by the Bank to provide benefits under this Plan.

      8.7 ERISA and IRC  Disclaimer.  It is intended that the Plan be neither an
"employee  welfare  benefit  plan" nor an "employee  pension  benefit  plan" for
purposes of the Employee  Retirement  Income  Security  Act of 1974,  as amended
("ERISA").  Further, it is intended that the Plan will not cause the interest of
a  Participant  under  the Plan to be  includable  in the  gross  income of such
Participant or a Beneficiary  prior to the actual receipt of a payment under the
Plan for purposes of the Internal Revenue Code of 1986, as amended  ("IRC").  No
representation  is made to any  Participant  to the  effect  that any  insurance
policies  purchased by the Bank or assets of any Trust  established  pursuant to
this Plan will be used solely to provide  benefits under this Plan or in any way
shall  constitute  security for the payment of such benefits.  Benefits  payable
under this Plan are not in any way limited to or governed by the proceeds of any
such insurance  policies or the assets of any such Trust.  No Participant in the
Plan has any preferred claim against the proceeds of any such insurance policies
or the assets of any such Trust.

      8.8 Conduct of  Participants.  Notwithstanding  anything  contained to the
contrary,  no payment of any then unpaid  benefits  shall be made and all rights
under the Plan  payable  to a  Participant,  or any  other  person,  to  receive
payments  thereof  shall be  forfeited  if the  Participant  shall engage in any
activity  or conduct  which in the  opinion the Board of the Bank is inimical to
the best interests of the Bank.

      8.9  Incompetency.  If the Bank  shall  find  that any  person to whom any
payment  is  payable  under  the Plan is  deemed  unable  to care for his or her
personal affairs because of illness or accident,  or is a minor, any payment due
(unless a prior claim therefor shall have been made

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by a duly appointed  guardian,  committee or other legal  representative) may be
paid to the spouse, a child, a parent,  or a brother or sister, or to any person
deemed by the Bank to have incurred expense for such person  otherwise  entitled
to  payment,  in such  manner  and  proportions  as the  Committee,  in its sole
discretion,  may  determine.  Any such  payments  shall  constitute  a  complete
discharge of the liabilities of the Bank under the Plan.

      8.10  Construction.  The Committee  shall have full power and authority to
interpret, construe and administer this Plan and the Committee's interpretations
and  construction  thereof,  and  actions  thereunder,   shall  be  binding  and
conclusive on all persons for all purposes. Directors of the Bank and members of
the Committee  shall not be liable to any person for any action taken or omitted
in connection with the  interpretation  and  administration  of this Plan unless
attributable to his or her own willful,  gross misconduct or intentional lack of
good faith.

      8.11 Plan Administration. The Board of the Bank shall administer the Plan;
provided,  however,  that the  Board may  appoint  an  administrative  committee
("Committee") to provide  administrative  services or perform duties required by
this Plan.  The  Committee  shall have only the  authority  granted to it by the
Board.

      8.12  Governing  Law. This Plan shall be construed in accordance  with and
governed  by the laws of the  State of New  Jersey,  except to the  extent  that
Federal law shall be deemed to apply.  No  payments  of  benefits  shall be made
hereunder if the Board of the Bank, or counsel retained thereby, shall determine
that such payments  shall be in violation of applicable  regulations,  or likely
result in  imposition  of  regulatory  action,  by the New Jersey  Department of
Banking, the Federal Deposit Insurance  Corporation or other appropriate banking
regulatory agencies.

      8.13 Successors and Assigns.  The Plan shall be binding upon any successor
or successors of the Bank, and unless clearly inapplicable,  reference herein to
the Bank shall be deemed to include any successor or successors of the Bank.

      8.14 Sole  Agreement.  The Plan  expresses,  embodies,  and supersedes all
previous agreements,  understandings,  and commitments, whether written or oral,
between the Bank and any Participants and  Beneficiaries  hereto with respect to
the subject matter hereof.



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