Document:

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                                                                   EXHIBIT 10.10

                  RESIGNATIONS, WAIVER AND CONSULTING AGREEMENT

         This Resignations, Waiver and Consulting Agreement (this "Agreement")
is made by and between Kankakee Bancorp, Inc., a Delaware corporation (the
"Company"), and Larry D. Huffman ("Mr. Huffman").

                                    RECITALS

         WHEREAS, Mr. Huffman has resigned from his positions as President and
CEO of the Company and KFS Bank, F.S.B. (the "Bank");

         WHEREAS, the Company desires to have the benefit of Mr. Huffman's
experience and expertise during a period of transition and Mr. Huffman has
agreed to provide consulting services to the Company for a limited period of
time;

         NOW, THEREFORE, in consideration of the premises and of the covenants
and agreements hereinafter contained, it is covenanted and agreed by and between
the parties as follows:

                                   AGREEMENTS

         1.       Resignations. Mr. Huffman resigned, effective January 14,
2003, from his positions as President and CEO of the Company and the Bank. The
Company and the Bank have accepted his resignations. Mr. Huffman's resignations
were pursuant to Section 3(g) of that certain Employment Agreement by and
between the Company and Mr. Huffman dated April 1, 2001 (the "Employment
Agreement"). Mr. Huffman agrees to resign from the Board of Directors of the
Company and the Bank effective upon election of his successor to the Board of
Directors of the Company and the Bank. The Company and the Bank have also
accepted these resignations from the Boards of Directors. Consistent with his
obligations to the Company under the Employment Agreement, Mr. Huffman
acknowledges that the terms of Section 4 (Confidentiality and Loyalty) and
Section 5 (Non-Competition Covenant), in particular, survive his resignations
under Section 3(g) of the Employment Agreement. In addition, Mr. Huffman
acknowledges that his resignation terminates that certain Change of Control
Agreement by and between the Company and Mr. Huffman dated October 15, 2001.

         2.       Waiver of All Claims. Mr. Huffman agrees that his resignation
precludes him from asserting any claims of unlawful discrimination, and Mr.
Huffman, on his own behalf and that of his heirs, executors, attorneys,
administrators, successors, and assigns, fully releases and discharges the
Company, its predecessors, successors, subsidiaries, affiliates, and assigns,
and its and their directors, officers, trustees, general and limited partners,
employees, and agents, whether in their individual or official capacities and
the current and former trustees or administrators of any retirement or other
benefit plan applicable to the employees or former employees of the Company, in
their official and individual capacities from any and all liability, claims and
demands, including, but not limited to, claims, demands or actions arising under
the Company's policies and procedures, whether formal or informal, United States
or State of

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Illinois Constitutions; Title VII of the Civil Rights Act of 1964, as amended;
the Civil Rights Act of 1991; the Illinois Human Rights Act; the Employee
Retirement Income Security Act of 1974, as amended; the Age Discrimination in
Employment Act, as amended; the Americans With Disabilities Act, as amended;
Executive Order 11246; and any other federal, state or local statute, ordinance
or regulation with respect to employment, and in addition thereto, from any
other claims, demands or actions with respect to Mr. Huffman's employment with
the Company or other association with the Company, including, but not limited
to, Mr. Huffman's resignation from employment with the Company, any right of
payment for disability or any other statutory or contractual right of payment of
any nature or any claim for relief on the basis of any alleged tort or breach of
contract under the common law of the State of Illinois or any other state
including, but not limited to, defamation, intentional or negligent infliction
of emotional distress, breach of the covenant of good faith and fair dealing,
promissory estoppel and negligence.

         3.       Representations. Mr. Huffman acknowledges that he has been
advised to and afforded the opportunity to be advised by legal counsel regarding
the terms of this Agreement, including the release of all claims and waiver of
rights set forth in Section 2. Mr. Huffman acknowledges that he has been offered
at least twenty-one (21) days to consider this Agreement. After having been so
advised, and without coercion of any kind, Mr. Huffman freely, knowingly and
voluntarily enters into this Agreement. Mr. Huffman further acknowledges that he
may revoke this Agreement within seven (7) days after execution and further
understands that this Agreement shall not become effective or enforceable until
seven (7) days after execution (the "Effective Date"). Any revocation must be in
writing and directed to Kankakee Bancorp, Inc., 310 S. Schuyler Ave., Kankakee,
IL 60901, Attention: Chairman of the Board. If sent by mail, any revocation must
be postmarked within the 7-day period and sent by certified mail, return receipt
requested.

         4.       Consulting Agreement.

                  (a)      Consulting Services. During the months of May, June
and July, 2003, Mr. Huffman shall provide such oral consulting services to the
Company with respect to information he has concerning the Company and shall
assist with those matters related to the retention and transition of a new Chief
Executive Officer of the Company.

                  (b)      Independent Contractor. Mr. Huffman and Company agree
that Mr. Huffman shall act as an independent contractor in the performance of
his duties under this Section 4. Accordingly, Mr. Huffman shall be responsible
for payment of all taxes, including federal, state and local taxes arising out
of Mr. Huffman's activities in accordance with this Section 4, including by way
of illustration, but not limitation, federal and state personal income tax and
social security tax, all as may be required by applicable law or regulation. Mr.
Huffman shall have the full authority to select the means, manner and method of
performing the services to be performed under this Section 4. Mr. Huffman shall
not be considered by reason of the provisions of this Section 4 or otherwise as
being an employee of the Company.

                  (c)      Consulting Compensation. Company agrees to pay to Mr.
Huffman, and Mr. Huffman agrees to accept, a consulting fee of ten thousand
dollars ($10,000) per month for each of May, June and July 2003, payable in
monthly installments in arrears on the last business day of each month ("Fee").

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                  (d)      Termination by Mr. Huffman. If Mr. Huffman
voluntarily terminates his engagement under this Section 4 or dies during the
period of his services hereunder, then Company shall only be required to pay Mr.
Huffman his Fee as shall have accrued through the effective date of such
termination and the Company shall have no further obligations to Mr. Huffman.

                  (e)      Termination for Good Cause. Prior to the expiration
of the three month period during which Mr. Huffman shall provide services
pursuant to this Section 4, the Company may terminate Mr. Huffman's engagement
hereunder for "Good Cause," which for the purposes of this Section 4 shall
exclusively mean:

                           (i)      the continued failure of Mr. Huffman to
                                    perform material duties assigned to Mr.
                                    Huffman as set forth in subsection 4(a)
                                    hereof, but only after a written notice is
                                    delivered by Company to Mr. Huffman which
                                    notice specifically identifies the manner in
                                    which Company believes Mr. Huffman has not
                                    performed his duties and Mr. Huffman's
                                    subsequent failure to cure the identified
                                    problem within a reasonable time;

                           (ii)     Mr. Huffman's death; or

                           (iii)    Mr. Huffman's willful and intentional
                                    commission of a felony, fraud or dishonesty
                                    against the Company.

         5.       Governing Law. All questions concerning the construction,
validity and interpretation of this Agreement, and the performance of the
obligations imposed by this Agreement shall be governed by the internal laws of
the State of Illinois applicable to contracts made and wholly to be performed in
such state without regard to conflicts of laws.

         6.       Assignment, Successors and No Third Party Rights. No party may
assign any of its rights under this Agreement to any other person without the
prior written consent of the other party. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors,
heirs and permitted assigns. Except as expressly provided herein, nothing in
this Agreement shall be construed to give any person other than the parties to
this Agreement any legal or equitable right, remedy or claim under or with
respect to this Agreement or any provision of this Agreement.

         7.       Waiver. The rights and remedies of the parties to this
Agreement are cumulative and not alternative. Neither the failure nor any delay
by any party in exercising any right, power or privilege under this Agreement or
the documents referred to in this Agreement will operate as a waiver of such
right, power or privilege, and no single or partial exercise of any such right,
power or privilege will preclude any other or further exercise of such right,
power or privilege or the exercise of any other right, power or privilege.

         8.       Modification. This Agreement may only be amended by a written
agreement executed by both parties.

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         9.       Notices. All notices and other communications under this
Agreement must be in writing and will be deemed to have been duly given if
delivered by hand or by nationally recognized overnight delivery service
(receipt requested) or mailed by certified mail (return receipt requested) with
first class postage prepaid:

                  (a)      if to Company, to:

                           Kankakee Bancorp, Inc.
                           310 S. Schuyler Ave.
                           Kankakee, Illinois  60901
                           Attention: Chairman of the Board

                           with a copy to:

                           John E. Freechack, Esq.
                           Barack, Ferrazzano
                           333 W. Wacker Drive, Suite 2700
                           Chicago, Illinois  60606

                  (b)      if to Mr. Huffman, to:

                           Mr. Larry Huffman
                           1235 Tower Rd.
                           Bourbonnais, Illinois 60914

or to such other person or place as either party shall furnish to the other in
writing. Except as otherwise provided herein, all such notices and other
communications shall be effective: (x) if delivered by hand, when delivered; (y)
if mailed in the manner provided in this Section, five (5) business days after
deposit with the United States Postal Service; or (z) if delivered by overnight
express delivery service, on the next business day after deposit with such
service.

         10.      Entire Agreement. This Agreement and any documents executed by
the parties pursuant to this Agreement and referred to herein constitute a
complete and exclusive statement of the entire understanding and agreement of
the parties hereto with respect to their subject matter and supersede all other
prior agreements and understandings, written or oral, relating to such subject
matter between the parties.

         11.      Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be prohibited
by or invalid under applicable law, such provision will be ineffective only to
the extent of such prohibition or invalidity, without invalidating the remainder
of such provision or the remaining provisions of this Agreement. Without
limiting the generality of the foregoing, if the scope of any provision
contained in this Agreement is too broad to permit enforcement to its full
extent, but may be made enforceable by limitations thereon, such provision shall
be enforced to the maximum extent permitted by law, and Mr. Huffman hereby
agrees that such scope may be judicially modified accordingly.

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         12.      Counterparts. This Agreement and any amendments hereto may be
executed in any number of counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same agreement.

         IN WITNESS WHEREOF, the undersigned have set their hands the day and
year set forth below their respective signatures.

KANKAKEE BANCORP, INC.                      LARRY D. HUFFMAN

By:    /s/ Michael A. Griffith               /s/ Larry D. Huffman
   ------------------------------           ----------------------------
Title: Chairman of the Board

Date:  5/6/03                               Date:   5/1/2003
     ----------------------------                ------------------------

                                        5<PAGE>

                                                                   Exhibit 10.11

                              CONSULTING AGREEMENT

     THIS CONSULTING AGREEMENT (this "Agreement") is made and entered into as of
May 6, 2003, by and between KANKAKEE BANCORP, INC., a Delaware corporation (the
"Company"), and JAMES M. LINDSTROM (the "Consultant").

                                    RECITALS

     WHEREAS, the Company is exploring a certain proposed merger or acquisition
opportunity and desires the expertise the Consultant can provide in connection
with the opportunity; and

     WHEREAS, the Consultant has agreed to provide his services to the Company
on the terms and conditions hereinafter set forth;

     NOW, THEREFORE, effective as of May 6, 2003, the Company and the Consultant
hereby agree as follows:

                                   AGREEMENTS

     1. Engagement, Period of Engagement.

        (a) The Company offers to engage the Consultant and the Consultant
hereby accepts such engagement, to provide services to the Company as a
consultant for the period established under this Section 1 (the "Period of
Engagement"). The Period of Engagement commences on May 6, 2003 and shall end on
September 15, 2003.

        (b) Notwithstanding anything contained herein to the contrary, the
Period of Engagement shall end upon any termination of this Agreement pursuant
to Section 5.

     2. Services. During the Period of Engagement, the Consultant shall provide
the following services:

        (a) perform financial analyses of the Company and any organization with
which the Company may merge or which the Company may acquire;

        (b) advise the Company as to the structure and form of any proposed
merger or acquisition;

        (c) be a liaison with the Company's attorneys and accountants with
respect to any proposed merger or acquisition;

        (d) be the overall coordinator for the Company concerning the proposed
merger or acquisition, including matters of systems integration and personnel
integration; and

        (e) make such presentations and reports to the Board of Directors of the
Company (the "Board") and the Chairman of the Board (the "Chairman") as and when
the Board or the Chairman may request.

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     3. Compensation. In consideration for any services to be provided under
Section 2, the Company shall pay to the Consultant a consulting fee of Two
thousand five hundred dollars ($2,500.00) per week, payable within ten (10)
business days of the end of each month in which services are rendered hereunder
by the Consultant to the Company. Within five (5) business days of the end of
each month, the Consultant shall provide to the Company a report detailing the
services provided during the previous month by the Consultant pursuant to this
Agreement, such report to be in form and content reasonably acceptable to the
Company.

     4. Expenses. If in connection with the performance of service hereunder at
the request of the Company, the Consultant incurs out-of-pocket costs for
expenses for travel, meals and lodging or other reasonable expenses of a type
for which other providers of professional services to the Company would be
reimbursed by the Company, the Consultant shall be entitled to reimbursement
therefor by the Company in accordance with the reasonable standards and
procedures established by the Company and communicated to the Consultant.

     5. Termination of Agreement. This Agreement and the Period of Engagement
established hereunder shall terminate immediately upon the occurrence of any of
the following events: (i) the Consultant's death; (ii) the Consultant's material
breach of the Consultant's obligations under Section 2 and subsequent failure to
substantially cure such breach after notice of such breach; or (iii) the
Consultant's voluntary termination, upon thirty (30) days written notice to the
Company, of this Agreement. Following the termination of this Agreement, the
Company shall have no further obligations hereunder. The provisions of Sections
6 and 7 shall survive the termination of this Agreement.

     6. Nonsolicitation. In consideration of the compensation to be paid to the
Consultant pursuant to Section 3, the Consultant hereby covenants and agrees
that for a period of twelve (12) months following the termination of this
Agreement for any reason, the Consultant will not directly or indirectly
(including, without limitation, any action by any corporation, partnership or
other entity for which the Consultant acts as officer, employer, or consultant
or in which the Consultant directly or indirectly holds a shareholder or other
ownership position greater than five percent(5%)) offer employment to, hire,
engage or assist another in offering employment to, hiring or engaging (without
regard to whether it would be in competition with the Company's business) a
person who is or was an employee, commissioned sales person or consultant or who
performed similar services of or for the Company at any time during the then
preceding twelve (12) month period or undertake any business with or solicit the
business of any person, firm or company who shall have been a customer of the
Company during the then preceding twelve (12) month period, in any such case
without the prior written consent of the Company.

     7. Confidential Information. The Consultant shall maintain Confidential
Information (as defined below) in strict confidence and secrecy and shall not at
any time, directly or indirectly, use, publish, make lists of, communicate,
divulge or disclose to any person or business entity or use for any purpose any
Confidential Information or assist any third parties in doing so, except on
behalf of and for the benefit of the Company. The Consultant agrees, upon demand
by the Company, to promptly return all Confidential Information (including any
copies, extracts thereof or materials reflecting any such information) which is
in the Consultant's possession.

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     For purposes of this Agreement, "Confidential Information" shall include,
but not be limited to, materials, records, data or trade secrets regarding the
assets, condition, business, financial information, business affairs, business
matters or other matters related to the Company and to its direct and indirect
subsidiaries and affiliates which the Consultant has knowledge of as a result of
the Consultant's services for the Company. Confidential Information shall not
include information that becomes generally available to the public other than as
a result of disclosure by the Consultant. Nothing in this Agreement modifies or
reduces the Consultant's obligations to comply with applicable laws related to
trade secrets, confidential information or unfair competition.

     8. No Employment Relationship Created. The relationship between the Company
and the Consultant shall be that of client and independent contractor. The
Company shall not assume, and specifically disclaims, any obligations of an
employer to an employee which may exist under applicable law. The Consultant
shall be treated as an independent contractor for all purposes of federal, state
and local income taxes and payroll taxes and the Company shall report on the
appropriate IRS Form 1099 all compensation paid to the Consultant. The
Consultant shall be responsible for payment of all taxes, including federal,
state and local taxes, arising out of the Consultant's activities in accordance
with this Agreement, including by way of illustration, but not limitation,
federal and state personal income tax and social security tax, all as may be
required by applicable law or regulation. The Consultant shall have the full
authority to select the means, manner and method of performing the services to
be performed under this Agreement. The Consultant shall not be considered by
reason of the provisions of this Agreement or otherwise as being an employee of
the Company. The Consultant shall not be eligible to participate in any employee
benefit plans offered by the Company or any of its subsidiaries to their
respective employees.

     9. Successors and Assigns. This Agreement will inure to the benefit of and
be binding upon the Consultant, the Consultant's legal representatives and
testate or intestate distributees, and the Company, and its successors and
assigns, including, in the case of the Company, any successor by merger or
consolidation or a statutory receiver or any other person or firm or corporation
to which all or substantially all of the respective assets and business of the
Company may be sold or otherwise transferred. The Consultant may not assign any
of his rights under this Agreement without the prior written consent of the
Company. Except as expressly provided herein, nothing in this Agreement shall be
construed to give any person other than the parties to this Agreement any legal
or equitable right, remedy or claim under or with respect to this Agreement or
any provision of this Agreement.

     10. Waiver. The rights and remedies of the parties to this Agreement are
cumulative and not alternative. Neither the failure nor any delay by any party
in exercising any right, power or privilege under this Agreement or the
documents referred to in this Agreement will operate as a waiver of such right,
power or privilege, and no single or partial exercise of any such right, power
or privilege will preclude any other or further exercise of such right, power or
privilege or the exercise of any other right, power or privilege.

     11. Modification. This Agreement may only be amended by a written agreement
executed by both parties.

                                        3

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     12. Notices. All notices and other communications under this Agreement must
be in writing and will be deemed to have been duly given if delivered by hand or
by nationally recognized overnight delivery service (receipt requested) or
mailed by certified mail (return receipt requested) with first class postage
prepaid:

         (a) if to the Company, to:

             Kankakee Bancorp, Inc.
             310 S. Schuyler Ave.
             Kankakee, Illinois  60901
             Attention: Chairman of the Board

             with a copy to:

             John E. Freechack, Esq.
             Barack, Ferrazzano
             333 W. Wacker Drive, Suite 2700
             Chicago, Illinois  60606

         (b) if to Consultant, to:

             Mr. James M. Lindstrom
             1726 Champa St., Apt. 4D
             Denver, CO 80202

or to such other person or place as either party shall furnish to the other in
writing. Except as otherwise provided herein, all such notices and other
communications shall be effective: (x) if delivered by hand, when delivered; (y)
if mailed in the manner provided in this Section, five (5) business days after
deposit with the United States Postal Service; or (z) if delivered by overnight
express delivery service, on the next business day after deposit with such
service.

     13. Entire Agreement. This Agreement and any documents executed by the
parties pursuant to this Agreement and referred to herein constitute a complete
and exclusive statement of the entire understanding and agreement of the parties
hereto with respect to their subject matter and supersede all other prior
agreements and understandings, written or oral, relating to such subject matter
between the parties.

     14. Severability. Whenever possible, each provision of this Agreement shall
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be prohibited by or invalid
under applicable law, such provision will be ineffective only to the extent of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement. Without limiting the
generality of the foregoing, if the scope of any provision contained in this
Agreement is too broad to permit enforcement to its full extent, but may be made
enforceable by limitations thereon, such provision shall be enforced to the
maximum extent permitted by law, and the Consultant hereby agrees that such
scope may be judicially modified accordingly.

                                        4

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     15. Counterparts. This Agreement and any amendments hereto may be executed
in any number of counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same agreement.

     IN WITNESS WHEREOF, the Company has caused this Agreement to be executed
and the Consultant has hereunto set his hand, all as of the day and year first
above written.

KANKAKEE BANCORP, INC.

By:      /s/ Michael A. Griffith                         /s/ James M. Lindstrom
     ----------------------------------------          -------------------------
         Michael A. Griffith,                             James M. Lindstrom
         Chairman of the Board

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