Document:

AMENDED AND RESTATED
                         EXECUTIVE EMPLOYMENT AGREEMENT

     This Amended and Restated Executive Employment  Agreement  ("Agreement") is
made and entered into on January 31, 2006 by and between First  Federal  Savings
and Loan Association of Edwardsville (the "Association"),  a federally chartered
stock savings association, with its principal place of business at 300 St. Louis
Street, Edwardsville, Illinois 62025, and Lawrence Mosby (the "Executive").

     WHEREAS,  the  Executive is currently  employed as the  President and Chief
Executive  Officer  of  the  Association  pursuant  to an  Executive  Employment
Agreement dated June 29, 2004 (the "2004 Agreement");

     WHEREAS,  the Executive desires to continue his active role as a management
employee of the Association  from the date of this Agreement  through  September
30,  2006 and to provide  consulting  services  to, and  continue to receive his
regular salary from, the Association  from October 1, 2006 through  December 31,
2006; and

     WHEREAS,  the Executive and the Association desire to amend and restate the
2004 Agreement on the terms set forth herein.

     NOW,  THEREFORE,  in consideration of the mutual promises set forth in this
Agreement, the parties hereby agree as follows:

1.   TERM AND TERMINATION.

     (a) The term of this  Agreement  shall  be from the date of this  Agreement
through  December  31,  2006 or, if  earlier,  the date of  termination  of this
Agreement  pursuant to the  succeeding  paragraphs of this Section (the "Term").
The "Active  Employment  Term" means the period from the date of this  Agreement
through  September  30, 2006 or the end of the Term,  whichever is earlier.  The
"Consulting  Term"  means the  portion of the Term  after  September  30,  2006.
Notwithstanding  the  foregoing,  the Active  Employment  Term may,  at the sole
discretion  of the Board of  Directors  of the  Association  (the  "Board"),  be
extended for an additional  three months and the Consulting Term may begin after
the expiration of the extended Active  Employment Term, so that the term of this
agreement ends on March 31, 2007.

     (b) This Agreement shall terminate upon the Executive's death. In the event
of  Executive's  death  during  the Term of the  Agreement,  his  estate,  legal
representatives,  or named beneficiaries (as may be directed by the Executive in
writing) shall be paid  Executive's  salary at the rate in effect at the time of
Executive's  death  for a  period  of  six  (6)  months  from  the  date  of the
Executive's  death or until the date upon which this  Agreement was to terminate
pursuant to Section 2, whichever is earlier,  and the Association  will continue
to provide medical and other benefits  previously provided to Executive's family
during such period at the expense of the Association.

     (c) This Agreement  shall terminate upon the  Executive's  disability.  For
this  purpose,   "disability"   means  the   Executive's   becoming   materially
incapacitated  from fully  performing  Executive's  duties under this  Agreement

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(taking into account  reasonable  accommodation by the Association to the extent
required by law) by reason of any illness,  injury,  or any other  condition for
any period of time in excess of the paid and  unpaid  leave to which he may then
be entitled pursuant to the Association's policies as may be in effect from time
to  time  or by  law.  Provided,  nothing  in this  paragraph  shall  limit  the
Executive's  rights  under the Family  Medical  Leave Act,  the  Americans  with
Disabilities Act, or any other applicable statute.

     (d) The Association may terminate this Agreement upon written notice to the
Executive  for  "Cause."  "Cause"  means the  Executive's  personal  dishonesty,
incompetence,  willful  misconduct,  any  breach  of  fiduciary  duty  involving
personal profit, intentional or negligent failure to perform his duties, willful
violation of any law, rule, or regulation  (other than minor traffic  violations
or similar offenses) or final cease-and-desist  order, or material breach of any
provision of this Agreement. In determining incompetence,  the acts or omissions
shall  be  measured  against  standards  generally  prevailing  in  the  savings
institution industry. Executive shall not have the right to receive compensation
or other benefits for any period after  Termination for Cause.  Any stock option
granted to  Executive  under any stock  option  plan of the  Association,  First
Federal Financial Services, Inc. (the "Company"), or any subsidiary or affiliate
of the Association or the Company, shall become null and void effective upon the
termination of this Agreement by the Association for Cause.

2.   POSITION AND RESPONSIBILITIES.

     (a)  Executive  will  serve  as  Chief  Executive  Officer  ("CEO")  of the
Association,  or in such  other  capacity  as the  Board  may from  time to time
reasonably  designate,  during the Active  Employment  Term. The Executive shall
cease to be an officer of the  Association  at the end of the Active  Employment
Term.

     (b)  During  the  Consulting   Term,  the  Executive   shall  provide  such
consultation and advice as the Board or the Association's officers may from time
to time reasonably request,  with such consultation and advice to be rendered by
the Executive at such time or times as are reasonably convenient for him and the
Association,  and in no case shall the  Executive  be required  to provide  such
services for more than 10 hours per week.

     (c)  Executive  shall be deemed a  management  employee of the  Association
through  the end of the Term of this  Agreement  for  purposes  of any  bonus or
incentive plan then in effect for the Association's management employees.

     (d) Notwithstanding anything else in this Agreement, the Association may at
any time during the Term suspend or terminate all of the Executive's  duties and
responsibilities  and limit or eliminate  his powers and duties on behalf of the
Association,  but this  shall not affect the  Association's  obligations  to pay
Executive his salary hereunder through the termination of this Agreement, except
as may be required under Section 9 of this Agreement.

     (e) The Executive  shall,  both during and after the Term,  upon reasonable
notice,  furnish such  information  and  assistance  to the  Association  as may
reasonably be required by the  Association in connection  with any litigation in
which it or any of its subsidiaries or affiliates is, or may become, a party. In

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consideration  for  Executive's  assistance if after the Term,  the  Association
shall  compensate  Executive at an hourly rate as  reasonably  determined by the
Board.

3.   COMPENSATION AND BENEFITS.

     (a) The Association shall pay Executive as compensation for all services to
be required of him a salary equal to $96,036.00  per year through the end of the
Term,  which  salary shall be pro rated for any part of a year during which this
Agreement  is in effect.  Such salary  shall be payable in  accordance  with the
Association's regular periodic payroll periods for the payment of its management
employees now in effect or as the Association may reasonably  adopt from time to
time.

     (b) The Association will provide Executive with employee benefits and allow
him to participate in such retirement,  medical,  and other benefit plans as are
provided to the Association's  management  employees generally from time to time
during  the  Term,  subject  to the  requirements  of any such  benefit  plan or
insurance   policy   (such  as  minimum   hours  of   employment   required  for
participation).

4. OUTSIDE ACTIVITIES.

     The  Executive may during the term of this  Agreement  serve as a member of
the board of directors of business,  community,  and  charitable  organizations,
subject to the  approval of the Board,  provided  that in each case such service
shall not  materially  interfere  with the  performance of his duties under this
Agreement or present any conflict of interest. Such service to and participation
in outside  organizations  shall be  presumed  for these  purposes to be for the
benefit of the  Association,  and the Association  shall reimburse the Executive
his reasonable expenses associated therewith.

5.   WORKING FACILITIES AND EXPENSES.

     The Executive's  principal place of employment during the Active Employment
Term shall be at the Association's principal offices, and during such period the
Association  shall provide the Executive,  at his principal place of employment,
with a private  office,  stenographic  services and other  support  services and
facilities  suitable to his  position  with the  Association  and  necessary  or
appropriate  in  connection  with  the  performance  of his  duties  under  this
Agreement.  The  Association  shall reimburse the Executive for his ordinary and
necessary  business  expenses incurred in connection with the performance of his
duties under this Agreement, including, but not limited to, fees for memberships
in such clubs and organizations  that Executive and the Board mutually agree are
necessary and appropriate to further the business of the Association, and travel
and reasonable  entertainment expenses.  Reimbursement of such expenses shall be
made upon presentation to the Association of an itemized account of the expenses
in such form as the Association may reasonably require.

6.   NOTICES.

     All notices and  communications  required or permitted under this Agreement
shall be given, if to the Association,  at its principal place of business,  and
if to the Executive,  at his home address, which he shall provide to Association
and update as necessary, or to any other address either party may specify to the

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other by written notice pursuant to this Section.  Notices shall be deemed given
three (3)  business  days after  placed in the United  States mail with  postage
prepaid, or when actually received if given in any other manner.

7.   NON-COMPETITION.

     (a) Executive  agrees that he will not Compete (as defined below)  anywhere
within  the  Non-Compete  Area  (as  defined  below)  at  any  time  during  the
Non-Compete Period (as defined below).

     (b)  For  purposes  of  this   Agreement,   "Compete,"   "Competes   with,"
"Competing," and similar terms mean to work for or advise, consult with, assist,
or otherwise serve, directly or indirectly,  whether as an employee, independent
contractor, director, consultant, owner, or otherwise, any commercial bank, home
savings  bank,  savings and loan  association,  credit  union,  other  financial
institution,  or  other  entity  whose  business  materially  competes  with the
depository,  lending,  or other  business  activities  of the  Association,  the
Company, or any other affiliate (but as to affiliates other than the Association
or the Company,  only those that are existing and  constitute  affiliates  while
Executive is employed by the  Association,  the Company,  or another  affiliate,
whether such employment is pursuant to this Agreement or otherwise).

     (c) The "Non-Compete Area" means all of St. Clair County and Madison County
in Illinois.  For purposes of this Agreement,  Executive's activities during the
Non-Compete  Period  shall be deemed to be within  the  Non-Compete  Area if (i)
Executive  is employed by,  consults  with,  or otherwise  assists or serves any
bank, home savings bank, credit union,  savings and loan  association,  or other
financial institution that has an office within Madison or St. Clair Counties in
Illinois,  regardless of the location of Executive's  principal  office, if any,
provided  for him by such  entity,  or (ii)  Executive  would  be  deemed  to be
Competing in the  Non-Compete  Area without regard to this  sentence.  Provided,
however,  clause (i) of the preceding  sentence  shall not apply if Executive is
employed in a state other than Illinois or Missouri.  Executive acknowledges and
agrees  that the  scope of the  restriction  on  Competing  as set forth in this
paragraph is  reasonable  because of the clarity and  reduction of the chance of
ambiguity it provides and in view of the ease with which banking business may be
transacted  electronically  and by other  means that would  otherwise  allow the
spirit and intent of the provisions of this Section 7 to be frustrated.

     (d) The "Non-Compete  Period" means the time period from the Effective Date
until one (1) year after the later of the termination of this  Agreement,  or if
Executive is employed by the Association,  Company,  or another affiliate at any
time after the  termination of this  Agreement,  the  termination of Executive's
employment  by such  affiliate,  regardless  of the reason for  termination  and
regardless  of  whether   termination  is  initiated  by  Executive  or  by  the
Association, Company, or other affiliate.

     (e) Executive  agrees that he will not, at any time during the  Non-Compete
Period:  (i)  induce or  attempt to induce any person to leave the employ of the
Association,  Company,  or any other  affiliate;  or (ii)  induce or  attempt to
induce any customer or  potential  customer  not to transact  business  with the
Association,  Company,  or any other affiliate or to transact  business with any
entity that Competes with the Association, Company, or any Affiliate.

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     (f) The  restrictions  on Executive's  activities  shall cease to apply and
Executive  shall be  permitted to Compete  without  restriction  if  Executive's
employment is terminated other than for Cause,  including the Association giving
Executive a Non-Renewal  Notice. The aforementioned  restrictions on Executive's
activities  shall  apply and  Executive  shall not be  permitted  to  Compete if
Executive gives Association a Non-Renewal Notice or terminates his employment in
breach of this Agreement.

8.   CONFIDENTIAL INFORMATION.

     (a)  Executive  recognizes  and  acknowledges  that  the  knowledge  of the
business activities and plans for business activities of the Association, as may
exist  from  time to time,  are  valuable,  special,  and  unique  assets of the
Association.  Executive  acknowledges  that the business of the  Association  is
highly  competitive  and that the  Association  has  provided  and will  provide
Executive with access to Confidential Information (as defined below) relating to
the business of the Association,  the Company,  and other Affiliates.  Executive
agrees that he will not, during or after  Executive's  employment has terminated
with the Association, make any disclosure of Confidential Information except (i)
as necessary in the  performance  of his duties on behalf of the  Association or
another  Affiliate,  (ii) as may be  required  to be  provided to any federal or
state banking agency with  jurisdiction  over the  Association or Executive,  or
(iii) as may be  required  by any  court  order  or  lawfully  issued  subpoena.
Executive also agrees to preserve and protect the  confidentiality of each third
party's confidential information (such as, for example, confidential information
of a customer  of the  Association  obtained by  Executive  in the course of his
employment)  to the same  extent,  and on the same  basis,  as the  Confidential
Information.

     (b) For purposes of this Agreement,  "Confidential  Information"  means and
includes the  confidential  or proprietary  information,  business and marketing
plans,  and trade secrets that have been or are  hereafter  developed or used by
the  Association,  the  Company,  or any other  Affiliate  and  which  cannot be
obtained readily by third parties from outside sources. Confidential Information
includes,  by way of example and without limitation,  the following  information
regarding:  (i) plans for  additional  branches,  possible  locations  of future
branches,  and the plans for the marketing of business at those  branches;  (ii)
customers  (including,  but not limited to, the name, title, and position of the
customer's  key personnel  with respect to business (of the type  conducted with
Association  or any  other  Affiliate,  and  the  specific  needs,  preferences,
concerns, corporate "personality," and other information about any customer that
is or would be  useful  in  obtaining  and  maintaining  the  customer's  repeat
business  and   goodwill);   (iii)   employees  and  applicants  for  employment
(including,  but not limited to, educational  background,  particular skills and
abilities,  work history,  compensation  data, work preferences,  home telephone
number, address,  current availability,  and other information that is useful in
attracting and assessing  qualified  employee  applicants);  and (iv) marketing,
financial,  and industry  information  that is not generally known to the public
(including, but not limited to, strategies, financial information,  methods, and
proposals).

     (c) The  provisions  of this  Section 8 may be  enforced by an action for a
temporary restraining order,  preliminary injunction,  and permanent injunction,
in addition to all other remedies  available to the  Association in equity or at
law.

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     (d) The  terms of this  Section 8 shall  survive  the  termination  of this
Agreement and the termination of Executive's employment.

9.   REGULATORY PROVISIONS.

     (a) If the Executive is suspended from office and/or temporarily prohibited
from  participating  in the  conduct  of the  Association's  affairs by a notice
served under Section 8(e)(3) (12 USC  ss.1818(e)(3)) or 8(g) (12 USC ss.1818(g))
of the Federal Deposit  Insurance Act, as amended by the Financial  Institutions
Reform,  Recovery and  Enforcement  Act of 1989, the  Association's  obligations
under this Agreement shall be suspended as of the date of service, unless stayed
by  appropriate  proceedings.  If the charges in the notice are  dismissed,  the
Association  may in its  discretion  (i)  pay the  Executive  all or part of the
compensation  withheld while their contract  obligations were suspended and (ii)
reinstate (in whole or in part) any of the obligations which were suspended.

     (b)  If  the  Executive  is  removed  and/or  permanently  prohibited  from
participating  in the conduct of the  Association's  affairs by an order  issued
under Section 8(e) 12  ss.1818(e))  or 8(g) (12 USC  ss.1818(g))  of the Federal
Deposit Insurance Act, as amended by the Financial Institutions Reform, Recovery
and  Enforcement  Act of 1989,  all  obligations of the  Association  under this
Agreement  shall  terminate as of the  effective  date of the order,  but vested
rights of the contracting parties shall not be affected.

     (c) If the Association is in default as defined in Section 3(x) (12 USC ss.
1813(x)(1))  of the Federal  Deposit  Insurance Act, as amended by the Financial
Institutions  Reform,  Recovery and  Enforcement Act of 1989, all obligations of
the Association  under this Agreement shall terminate as of the date of default,
but this  paragraph  shall not  affect  any  vested  rights  of the  contracting
parties.

     (d) All  obligations  of the  Association  under  this  Agreement  shall be
terminated,  except to the extent  determined that continuation of the Agreement
is necessary for the continued operation of the Association,  (i) by the Federal
Deposit  Insurance  Corporation  ("FDIC"),  at the time the FDIC  enters into an
agreement to provide  assistance  to or on behalf of the  Association  under the
authority  contained in Section 13(c) (12 USC ss.1813(c)) of the Federal Deposit
Insurance  Act, as amended by the Financial  Institutions  Reform,  Recovery and
Enforcement  Act of 1989; or (ii) when the Association is determined by the FDIC
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.

     (e) Notwithstanding anything herein contained to the contrary, any payments
to the  Executive  by the  Association,  whether  pursuant to this  Agreement or
otherwise,  are subject to and  conditioned  upon their  compliance with Section
18(k) of the Federal Deposit Insurance Act, 12 U.S.C.  Section 1828(k),  and the
regulations promulgated thereunder in 12 C.F.R. Part 359.

10.  NO ATTACHMENT.

     (a) Except as  required  by law,  no right to receive  payments  under this
Agreement  shall be  subject to  anticipation,  commutation,  alienation,  sale,
assignment,  encumbrance, charge, pledge, or hypothecation, or to the execution,
attachment,  levy,  or similar  process or  assignment  by operation of law, any

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attempt,  voluntary  or  involuntary,  to affect any such action  shall be null,
void, and of no effect.

     (b) This  Agreement  shall be binding  upon,  and inure to the  benefit of,
Executive  and the  Association  and their  respective  successors  and assigns,
provided  that  Executive  may  not  assign  any of his  rights  or  obligations
hereunder except the right to receive money.

11.  ENTIRE AGREEMENT; MODIFICATION; WAIVER.

     (a) This instrument  contains the entire  agreement of the parties relating
to the subject matter  hereof,  and supercedes in its entirety any and all prior
agreements,  understandings  or  representations  relating to the subject matter
hereof, including the 2004 Agreement.

     (b) This  Agreement may not be modified or amended  except by an instrument
in writing signed by the parties hereto.

     (c) No term or  condition  of this  Agreement  shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement,  except by written  instrument  executed by the party charged
with such waiver unless specifically stated therein,  and each such waiver shall
operate  only  as to the  specific  term  or  condition  waived  and  shall  not
constitute a waiver of such term or condition for the future as to any act other
than that specifically waived.

12.  RELEASE OF CLAIMS.

     (a) The  Executive on behalf of himself,  his heirs,  executors,  trustees,
administrators,  successors,  and assigns, past and present, and anyone claiming
through or under them,  hereby releases and forever  discharges the Association,
the Company, and all of their related,  affiliated,  subsidiary, and predecessor
companies,  and  their  past  and  present  shareholders,  directors,  officers,
employees, agents, and assigns (collectively,  the "Association Affiliates"), of
and from any and all claims, charges,  demands, damages, and suits of every kind
and  nature  whatsoever,  whether  by  common  law or by  statute,  foreseen  or
unforeseen, known or unknown, which the Executive has or may have against any of
them as of the date of this  Agreement,  including,  but not limited  to,  those
arising out of the Executive's  employment by the Association;  any breach of an
express  or  implied  contract  of  employment  between  the  Executive  and the
Association;  any claim of unjust or tortious discharge  (including any claim of
fraud, negligence,  or intentional infliction of emotional distress); any claims
of violations arising under the Civil Rights Act of 1964, 42 U.S.C.  ss.2000e et
seq., the Age  Discrimination  in Employment  Act, 29 U.S.C.  ss.621 U seq., the
Fair Labor Standards Act of 1938, 29 U.S.C.  ss.201 et seq., the  Rehabilitation
Act of 1973, 29 U.S.C. ss.701 et seq., and any and all other federal,  state, or
local statutes, laws, and ordinances.

     (b) The  Executive  further  agrees that he will not file suit or otherwise
submit any other charge, claim, complaint, or action of any nature whatsoever to
any governmental  agency,  court,  organization,  or judicial forum (nor will he
permit any person,  group of persons, or organization to take such action on his
behalf) against the Association or any of the Association Affiliates arising out
of any actions or non-actions  that have occurred on the part of the Association

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or any of the  Association  Affiliates  at any  time  prior to the date of or in
connection with this Agreement.

     (c)  Nothing  herein  shall  limit  the  Executive's   rights  against  the
Association for any breach of this Agreement after the date hereof.

13.  SURVIVAL OF OBLIGATIONS.

     Every  term of this  Agreement  that  provides  for a party to  perform  or
refrain  from  performing  any act after the end of the Term shall  survive  the
termination of this Agreement.  Those terms include, but are not limited to, the
provisions of Sections 2(e), 7, 8, and 12.

14.  SEVERABILITY.

     If, for any reason,  any  provision of this  Agreement,  or any part of any
provision, is held invalid, such invalidity shall not affect any other provision
of this  Agreement or any part of such  provision not held so invalid,  and each
such other  provision and part thereof shall to the fullest extent be consistent
with law continue in full force and effect.

15.  HEADINGS FOR REFERENCE ONLY.

     The headings of sections  and  paragraphs  herein are  included  solely for
convenience of reference and shall not control the meaning of  interpretation of
any of the provisions of this Agreement.

16.  GOVERNING LAW.

     This  Agreement  shall be governed by the laws of the State of Illinois but
only to the  extent  not  superceded  by  federal  law,  and  provided  that any
arbitration proceeding shall be governed by the Federal Arbitration Act.

17.  ARBITRATION.

     (a) Any dispute  arising  under or in  connection  with this  Agreement  or
Executive's  employment by Association or the Company shall be resolved pursuant
to  arbitration,  provided that nothing  herein shall prevent  either party from
seeking  a  temporary  restraining  order,  preliminary  injunction,   permanent
injunction,  or other  equitable  relief for breach or threatened  breach by the
other party of any of the terms of this Agreement. All other disputes, including
all disputes for money damages, shall be resolved by arbitration.

     (b) The  arbitration  shall be conducted  before an arbitrator  selected by
agreement  of the  parties,  and if the parties  fail to agree on an  arbitrator
within  10 days  of any  party  informing  another  that a  dispute  exists  and
therewith  making  a  demand  for  arbitration,   by  the  American  Arbitration
Association ("AAA") in accordance with its rules for selecting an arbitrator.

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     (c) The arbitration  shall be conducted at 103 West Vandalia Street,  Suite
300, Edwardsville,  Illinois, or such other place in Madison County, Illinois as
Association may designate.

     (d) The  arbitration  shall be conducted in accordance  with the AAA's then
effective  arbitration rules. The arbitrator shall have all of the powers,  both
in law and in equity that would be available to a court having jurisdiction over
the  parties and over the subject  matter of the  dispute,  but not the power to
award punitive damages.  Such powers shall include, but shall not be limited to,
the power to require specific performance. Judgment upon an award in arbitration
may be entered in any court.  The parties  agree that the  determination  of any
dispute that may arise is essential  and agree to seek speedy  processing of any
dispute by the arbitrator.

18.  INDEMNIFICATION.

     During the term of this Agreement and for a period of (1) year  thereafter,
the  Association  shall provide  Executive at its expense  (including his heirs,
executors,  and administrators)  with coverage under the same standard directors
and officers liability  insurance policy provided to its directors and officers,
if  any,  and  shall  indemnify  Executive  (and  his  heirs,   executors,   and
administrators)  to the fullest extent  permitted  under federal law against all
expenses  and  liabilities  reasonably  incurred  by him in  connection  with or
arising out of any action,  suit,  or  proceeding in which he may be involved by
reason of his having been a director or officer of the  Association  (whether or
not he  continues  to be a director  or officer  at the time of  incurring  such
expenses or  liabilities),  such expenses and  liabilities  to include,  but not
limited to, judgment, court costs and attorney's fees and the cost of reasonable
settlements  (such  settlements must be approved by the Board).  If such action,
suit, or proceeding is brought  against  Executive in his capacity as an officer
or director of the Association,  however,  such indemnification shall not extend
to matters as to which  Executive  is finally  adjudged to be liable for willful
misconduct in the performance of his duties.

19.  SUCCESSOR TO THE ASSOCIATION.

     The Association shall require any successor or assignee,  whether direct or
indirect,  by  purchase,   merger,   consolidation  or  otherwise,   to  all  or
substantially  all  the  business  assets  of the  Association  or the  Company,
expressly and  unconditionally  to assume and agree to perform the Association's
obligations under this Agreement, in the same manner and to the same extent that
the Association would be required to perform if no such succession or assignment
had taken place.

20.  EXECUTIVE'S POWER TO REVOKE; TIME TO CONSIDER.

     (a) This  instrument  constitutes an irrevocable  offer by the  Association
during the 21 days after its  execution by the  Association  and delivery to the
Executive. The Executive's execution of this Agreement and delivery of it to the
Association  at anytime  within 21 days  thereafter  shall  make this  Agreement
effective and binding on both parties,  subject to the terms of paragraph (b) of
this Section.

     (b) The parties  further agree and understand that the Executive may revoke
his  acceptance of this  Agreement  (other than the provisions of Sections 7, 8,
11, 12, 13, 17, 18, 19, and this  Section 21) at any time within  seven (7) days

                                       9
<PAGE>

after signing it. The  Executive's  notice of revocation  must be in writing and
received by an officer  (other than the  Executive)  of the  Association  at the
Association's  principal  place of  business  within  seven  (7) days  after the
Executive  signs this  Agreement.  If the  Executive so revokes  this  Agreement
within  seven  (7)  days  of  signing  it,  the  Executive's  employment  by the
Association  shall  immediately  terminate and the parties shall have no further
obligations to each other  whatsoever,  except as provided in Sections 7, 8, 11,
12, 13, 17, 18, 19, and this Section 21 of this Agreement. If the Executive does
not  revoke  this  Agreement  within  seven  (7) days  after  signing  it,  this
Agreement's  effectiveness shall become final and binding on both parties on the
8th day after the Executive signs it.

     (c) The Executive  acknowledges  that he is voluntarily  entering into this
Agreement after advice from independent counsel and understands all of its terms
and effects, including that after it becomes final he will not have any right to
bring any claim against the  Association  with respect to his  employment or for
any other reason.

     IN WITNESS  WHEREOF,  the parties have executed this  Agreement on the date
first above written.

ATTEST:                                  FIRST FEDERAL SAVINGS AND
                                         LOAN ASSOCIATION OF
                                         EDWARDSVILLE

/s/ Linda R. Werner                      By: /s/ Joseph B. Helms
------------------------------               -----------------------------------
Secretary                                    Name: Joseph B. Helms
                                             Title: Chairman of the Board

                                         EXECUTIVE:

                                         /s/ Lawrence Mosby
                                         ---------------------------------------
                                         Lawrence MosbyEMPLOYMENT AGREEMENT

     This  Agreement  is made  effective  as of January 1, 2006 (the  "Effective
Date"), by and between First Federal Savings & Loan Association of Edwardsville,
a  stock  savings  association  (the  "Bank"),  with  its  principal  office  in
Edwardsville,  Illinois,  and Donald  Engelke  ("Executive").  References to the
"Company" mean First Federal Financial  Services,  Inc., a federal  corporation.
The  Company  shall be a signatory  to this  Agreement  for the sole  purpose of
guaranteeing the Bank's performance hereunder.

     WHEREAS,  Executive currently serves as an officer of the Bank and in order
to provide  Executive further incentive to achieve the financial and performance
objectives  of the Bank and the Company,  the parties  desire to enter into this
Agreement upon the terms and conditions hereof; and

     WHEREAS,  Executive agrees that this Agreement supersedes and replaces that
certain Executive  Employment  Agreement with the Bank dated as of June 29, 2004
and amended as of November 17, 2005.

     NOW, THEREFORE,  in consideration of the mutual covenants herein contained,
and upon the other terms and conditions hereinafter provided, the parties hereby
agree as follows:

1.   POSITION AND RESPONSIBILITIES.

     Executive  agrees  to serve as the  Senior  Vice  President  -  Residential
Lending  of the  Company  and the Bank.  In this  position,  Executive  shall be
responsible for establishing and implementing the business objectives,  policies
and strategic  plan of the Company and the Bank in connection  with  residential
lending  activities,  pursuant to  direction  from the Chief  Executive  Officer
and/or the Board of Directors.  Executive also agrees to serve,  if appointed or
elected, as an officer an director of any subsidiary or affiliate of the Bank.

2.   TERM AND DUTIES.

     (a) The period of Executive's  employment  under this Agreement shall begin
as of the Effective  Date first above written and shall continue for a period of
twelve (12) full calendar months thereafter. Commencing on the first anniversary
date of this Agreement, and continuing at each anniversary date thereafter,  the
Agreement  shall renew for an additional year such that the remaining term shall
be twelve (12) full calendar  months;  unless a written notice of non-renewal (a
"Non-Renewal  Notice") is provided to Executive at least sixty (60) days and not
more than thirty (30) days prior to any anniversary  date, that the term of this
Agreement  shall not so renew.  On an annual basis prior to the deadline for the
notice period  referenced  above,  the Chief  Executive  Officer shall conduct a
performance review of Executive for purposes of determining whether to provide a
Non-Renewal Notice.

     (b) During the period of his  employment  hereunder,  except for periods of
absence  occasioned by illness,  reasonable  vacation  periods,  and  reasonable
leaves of absence  approved  by the Chief  Executive  Officer,  Executive  shall
devote substantially all his business time, attention, skill, and efforts to the
faithful  performance of his duties hereunder including  activities and services

<PAGE>

related to the  organization,  operation and  management of the Bank;  provided,
however,  that, with the approval of the Chief Executive Officer,  Executive may
serve,  or continue to serve,  on the boards of directors of, and hold any other
offices or positions in, business companies or business organizations, which, in
the Chief  Executive  Officer's  judgment,  will not  present  any  conflict  of
interest with the Bank,  or materially  affect the  performance  of  Executive's
duties  pursuant to this Agreement,  it being  understood that membership in and
service on boards or  committees  of social,  religious,  charitable  or similar
organizations does not require approval.

3.   COMPENSATION, BENEFITS AND REIMBURSEMENT.

     (a) The  compensation  specified under this Agreement shall  constitute the
salary and  benefits  paid for the duties  described in Section  2(b).  The Bank
shall pay Executive as  compensation  a salary of not less than $95,000 per year
("Base Salary").  Such Base Salary shall be payable biweekly, or with such other
frequency as officers and  employees are  generally  paid.  During the period of
this  Agreement,  Executive's  Base Salary shall be reviewed at least  annually.
Such review shall be conducted by the Chief Executive Officer,  and the Bank may
increase,  but not decrease  (except a decrease that is generally  applicable to
all  employees)  Executive's  Base Salary  (with any  increase in Base Salary to
become "Base  Salary" for purposes of this  Agreement).  In addition to the Base
Salary,  the Bank shall provide  Executive at no cost to Executive with all such
other benefits as are provided uniformly to permanent full-time employees of the
Bank.  Base  Salary  shall  include  any  amounts of  compensation  deferred  by
Executive under qualified and nonqualified plans maintained by the Bank.

     (b) Executive will be entitled to participate in or receive  benefits under
any employee  benefit plans  including,  but not limited to,  retirement  plans,
supplemental   retirement   plans,   pension   plans,    profit-sharing   plans,
health-and-accident  insurance  plans,  medical  coverage or any other  employee
benefit  plan or  arrangement  made  available by the Bank or the Company in the
future to its senior executives and key management employees,  subject to and on
a basis consistent with the terms, conditions and overall administration of such
plans  and  arrangements.  Executive  will be  entitled  to  participate  in any
incentive  compensation  and bonus  plans  offered by the Bank or the Company in
which Executive is eligible to participate.  Nothing paid to Executive under any
such plan or arrangement  will be deemed to be in lieu of other  compensation to
which Executive is entitled under this Agreement.

     (c) In addition to the Base  Salary,  the Bank or the Company  shall pay or
reimburse  Executive for all  reasonable  travel and other  reasonable  expenses
incurred by Executive  performing his  obligations  under this Agreement and may
provide such additional  compensation in such form and such amounts as the Chief
Executive  Officer  may from time to time  determine.  The Bank shall  reimburse
Executive for his ordinary and necessary business expenses,  including,  without
limitation,  fees for memberships in such clubs and  organizations  as Executive
and  the  Chief  Executive  Officer  shall  mutually  agree  are  necessary  and
appropriate  for  business  purposes,  and  travel and  entertainment  expenses,
incurred in connection with the performance of his duties under this Agreement.

                                       2
<PAGE>

4.   PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION.

     (a) Upon the  occurrence  of an Event of  Termination  (as herein  defined)
during  Executive's term of employment  under this Agreement,  the provisions of
this Section 4 shall apply. As used in this Agreement, an "Event of Termination"
shall mean and include any of the following:

          (i)  the termination by the Bank of Executive's  full-time  employment
               hereunder  for any reason  other  than  termination  governed  by
               Section 5  (Termination  for Cause) or  termination  governed  by
               Section 6 (termination due to Disability or death); or

          (ii) Executive's  resignation  from the  Bank's  employ for any of the
               following reasons:

               (A)  the  failure to elect or reelect or to appoint or  reappoint
                    Executive to the position set forth under Section 1;

               (B)  a  material  change in  Executive's  functions,  duties,  or
                    responsibilities  with the Bank,  which  change  would cause
                    Executive's position to become one of lesser responsibility,
                    importance,  or  scope  from  the  position  and  attributes
                    thereof described in Section 1;

               (C)  a relocation of Executive's principal place of employment by
                    more  than  thirty  (30)  miles  from  its  location  at the
                    Effective Date;

               (D)  a material  reduction  in the benefits  and  perquisites  to
                    Executive  from those  being  provided  as of the  Effective
                    Date,  other  than  an  employee-wide  reduction  in  pay or
                    benefits;

               (E)  a  liquidation  or  dissolution  of the Company or the Bank,
                    other than a liquidation or dissolution  that is caused by a
                    reorganization or a mutual-to-stock  conversion of the First
                    Federal  Financial   Services,   MHC  (the  "Mutual  Holding
                    Company") which does not affect the status of Executive; or

               (F)  a material breach of this Agreement by the Bank.

               Upon the  occurrence of any event  described in clauses (A), (B),
               (C), (D), (E) or (F),  above,  Executive  shall have the right to
               elect  to  terminate  his  employment  under  this  Agreement  by
               resignation  upon not less than  sixty  (60) days  prior  written
               Notice of Termination,  as defined in Section 9(b),  given within
               six (6) full calendar  months after the event giving rise to said
               right to elect.  Notwithstanding the preceding  sentence,  in the
               event of a  continuing  breach  of this  Agreement  by the  Bank,
               Executive,  after giving due notice  within the  prescribed  time
               frame of an initial event specified above, shall not waive any of
               his rights under

                                       3
<PAGE>

               this Agreement and this Section solely by virtue of the fact that
               Executive has submitted his resignation,  provided  Executive has
               remained  in the  employment  of the Bank and is  engaged in good
               faith discussions to resolve any occurrence of an event described
               in clauses (A), (B), (C), (D) or (F) above.

          (iii) (A)  Executive's  involuntary  termination  by the  Bank  or the
               Company (or any successor  thereto) on the effective  date of, or
               at any time  following,  a Change in Control,  or (B) Executive's
               resignation  from the employment with the Bank or the Company (or
               any successor  thereto) following a Change in Control as a result
               of any event described in Section 4(a)(ii)(A),  (B), (C), (D), or
               (F) above. For these purposes, a Change in Control of the Bank or
               the Company shall mean a change in control of a nature that:  (i)
               would be  required to be reported in response to Item 5.01 of the
               current  report  on Form 8-K,  as in  effect on the date  hereof,
               pursuant to Section 13 or 15(d) of the Securities Exchange Act of
               1934 (the  "Exchange  Act");  or (ii) without  limitation  such a
               Change in Control  shall be deemed to have  occurred at such time
               as (a) any  "person"  (as the term is used in Sections  13(d) and
               14(d)  of the  Exchange  Act),  other  than  the  Mutual  Holding
               Company, is or becomes the "beneficial owner" (as defined in Rule
               13d-3  under  the  Exchange  Act),  directly  or  indirectly,  of
               securities  of  the  Company  representing  25%  or  more  of the
               combined voting power of Company's outstanding  securities except
               for  any  securities  purchased  by  the  Bank's  employee  stock
               ownership plan or trust;  or (b)  individuals  who constitute the
               Board  of  Directors  of the  Company  on the  date  hereof  (the
               "Incumbent  Board") cease for any reason to constitute at least a
               majority  thereof,  provided that any person  becoming a director
               subsequent  to the date hereof  whose  election was approved by a
               vote of at least a majority of the directors of the Board,  shall
               be, for purposes of this clause (b), considered as though he were
               a member of the Incumbent Board; or (c) a plan of reorganization,
               merger,  consolidation,  sale  of all or  substantially  all  the
               assets of the Bank or the Company or similar transaction in which
               the Bank or Company is not the surviving  institution  occurs; or
               (d) a proxy  statement  is  distributed  soliciting  proxies from
               stockholders  of the Company,  by someone  other than the current
               management of the Company, seeking stockholder approval of a plan
               of  reorganization,  merger or  consolidation  of the  Company or
               similar  transaction  with one or more  corporations or financial
               institutions,  and as a result of such proxy solicitation, a plan
               of reorganization,  merger  consolidation or similar  transaction
               involving  the Company is approved by the  requisite  vote of the
               Company's stockholders;  or (e) a tender offer is made for 25% or
               more of the voting securities of the Company and the shareholders
               owning  beneficially  or of record 25% or more of the outstanding
               securities  of the Company have tendered or offered to sell their
               shares  pursuant to such tender  offer and such  tendered  shares
               have  been  accepted  by  the  tender  offeror.   Notwithstanding
               anything to the contrary herein, a Change in Control shall not be
               deemed to have  occurred in the event that (i) the Company  sells

                                       4
<PAGE>

               less  than  50% of its  outstanding  common  stock in one or more
               stock  offerings,  or (ii)  the  Company  or the  Mutual  Holding
               Company  converts  to stock form by  reorganizing  into the stock
               holding company structure.

     (b) Upon the occurrence of an Event of Termination  under Sections 4(a) (i)
or (ii), on the Date of Termination,  as defined in Section 9(b), the Bank shall
be obligated to pay  Executive,  or, in the event of his subsequent  death,  his
beneficiary or  beneficiaries,  or his estate,  as the case may be, as severance
pay or  liquidated  damages,  or both,  an amount  equal to the sum of:  (i) his
earned but unpaid salary as of the date of his  termination  of employment  with
the  Bank;  (ii) the  benefits,  if any,  to which  he is  entitled  as a former
employee under the employee  benefit plans and programs and  compensation  plans
and programs  maintained  for the benefit of the Bank or Company's  officers and
employees;  (iii) the remaining  payments that Executive  would have earned,  in
accordance  with Sections 3(a) and 3(b), if he had continued his employment with
the Bank for twelve (12) full months  following such Event of  Termination,  and
had earned the maximum bonus or incentive  award in each calendar year that ends
during such term; and (iv) the annual  contributions or payments that would have
been made on Executive's behalf to any employee benefit plans of the Bank or the
Company as if Executive had continued  his  employment  with the Bank for twelve
(12) full months following such Event of Termination,  based on contributions or
payments made (on an annualized basis) at the Date of Termination.  Any payments
hereunder  shall be made in a lump sum within thirty (30) days after the Date of
Termination,  or in the event that Section 409A of the Internal  Revenue Code of
1986,  as  amended  (the  "Code")  applies,  no later  than the first day of the
seventh month  following  the Date of  Termination.  Such payments  shall not be
reduced in the event Executive obtains other employment following termination of
employment.

     (c) Upon the occurrence of an Event of Termination under Section 4(a)(iii),
on the Date of  Termination,  as  defined  in  Section  9(b),  the Bank shall be
obligated  to pay  Executive,  or, in the  event of his  subsequent  death,  his
beneficiary or  beneficiaries,  or his estate,  as the case may be, as severance
pay or  liquidated  damages,  or both,  an amount  equal to the sum of:  (i) his
earned but unpaid salary as of the date of his  termination  of employment  with
the  Bank;  (ii) the  benefits,  if any,  to which  he is  entitled  as a former
employee under the employee  benefit plans and programs and  compensation  plans
and programs  maintained  for the benefit of the Bank or Company's  officers and
employees;  (iii) the remaining  payments that Executive  would have earned,  in
accordance  with Sections 3(a) and 3(b), if he had continued his employment with
the Bank for an eighteen (18) month period  following such Event of Termination,
and had earned the maximum  bonus or incentive  award in each calendar year that
ends during such term; and (iv) the annual  contributions or payments that would
have been made on Executive's  behalf to any employee  benefit plans of the Bank
or the Company as if Executive had continued his employment with the Bank for an
eighteen  (18)  month  period  following  such  Event of  Termination,  based on
contributions  or  payments  made  (on  an  annualized  basis)  at the  Date  of
Termination.  Any payments  hereunder  shall be made in a lump sum within thirty
(30) days after the Date of  Termination,  or in the event that  Section 409A of
the Code applies, no later than the first day of the seventh month following the
Date of  Termination.  Such payments shall not be reduced in the event Executive
obtains other employment following termination of employment.

                                       5
<PAGE>

     (d) To the extent required under  applicable law, upon the occurrence of an
Event of  Termination,  the Bank will cause to be  continued  life,  medical and
disability  coverage  substantially  identical to the coverage maintained by the
Bank for Executive and his family prior to Executive's termination.

     (e) Notwithstanding anything in this Agreement to the contrary, in no event
shall the  aggregate  payments or  benefits to be made or afforded to  Executive
under this Section  constitute an "excess parachute  payment" under Section 280G
of the Code or any  successor  thereto,  and in order  to avoid  such a  result,
Executive's benefits hereunder shall be reduced, if necessary, to an amount, the
value of which is one  dollar  ($1.00)  less than an  amount  equal to three (3)
times  Executive's "base amount," as determined in accordance with Section 280G.
The  allocation  of  the  reduction  required  hereby  shall  be  determined  by
Executive.

5.   TERMINATION FOR JUST CAUSE.

     (a) The term  "Termination for Just Cause" shall mean  termination  because
of:  (i)  Executive's  being  convicted  of a felony or of any  lesser  criminal
offense involving moral turpitude;  (ii) the willful commission by the Executive
of a criminal or other act that, in the judgment of the Chief Executive Officer,
would likely  cause  substantial  economic  damage to the Company or the Bank or
substantial injury to the business  reputation of the Company or Bank; (iii) the
commission by the Executive of any act of fraud in the performance of his duties
on behalf of the Company or Bank or a material violation of the Company's or the
Bank's code of ethics;  (iv) the continuing  willful failure of the Executive to
perform  his duties to the  Company  or the Bank  (other  than any such  failure
resulting from the  Executive's  incapacity  due to physical or mental  illness)
after written notice thereof has been given to Executive by the Chief  Executive
Officer  (specifying the particulars thereof in reasonable detail) and Executive
has been given a reasonable  opportunity  to be heard and cure such failure;  or
(v) an order of a federal  or state  regulatory  agency or a court of  competent
jurisdiction  requiring the  termination  of the  Executive's  employment by the
Company or the Bank.  For  purposes of this  Section,  no act, or the failure to
act, on Executive's  part shall be "willful" unless done, or omitted to be done,
in bad faith and without  reasonable  belief that the action or omission  was in
the best interests of the Bank or its affiliates.

     (b)  Notwithstanding  Section  5(a),  neither  the Company nor the Bank may
terminate  Executive  for Just  Cause  unless  and until  there  shall have been
delivered to him a Notice of Termination, finding that in the good faith opinion
of the Chief  Executive  Officer,  Executive  was guilty of  conduct  justifying
Termination  for Just Cause and  specifying the  particulars  thereof in detail.
Executive shall not have the right to receive compensation or other benefits for
any period after Termination for Just Cause.  During the period beginning on the
date  of  the  Notice  of  Termination  for  Just  Cause  through  the  Date  of
Termination,  any unvested  stock options and related  limited rights granted to
Executive  under any stock  option plan shall not be  exercisable  nor shall any
unvested  awards granted to Executive  under any stock benefit plan of the Bank,
the  Company  or any  subsidiary  or  affiliate  thereof,  vest.  At the Date of
Termination,  any such unvested stock options and related limited rights and any
such unvested  awards shall become null and void and shall not be exercisable by
or delivered to Executive at any time  subsequent to such  Termination  for Just
Cause. In the Event of Executive's Termination for Just Cause, to the extent the
Executive serves as a director of the Company and the Bank, and/or as a director

                                       6
<PAGE>

and/or  officer of any  subsidiary or affiliate of the Company  and/or the Bank,
the Executive's service in such positions shall immediately terminate.

6.   TERMINATION FOR DISABILITY OR DEATH.

     (a) The Bank or Executive may terminate Executive's employment after having
established Executive's Disability. For purposes of this Agreement, "Disability"
means a  physical  or mental  infirmity  that  impairs  Executive's  ability  to
substantially  perform  his duties  under  this  Agreement  and that  results in
Executive's   becoming  eligible  for  long-term  disability  benefits  under  a
long-term  disability plan of the Company or the Bank (or, if the Company or the
Bank  has  no  such  plan  in  effect,   that  impairs  Executive's  ability  to
substantially  perform  his  duties  under  this  Agreement  for a period of one
hundred  eighty (180)  consecutive  days).  The Chief  Executive  Officer  shall
determine in good faith,  based upon competent  medical advice and other factors
that he  reasonably  believes to be  relevant,  whether or not  Executive is and
continues to be disabled for purposes of this  Agreement.  As a condition to any
benefits,  the Chief Executive  Officer may require  Executive to submit to such
physical or mental evaluations and tests as he deems reasonably appropriate,  at
the Bank's expense. In the event of such Disability,  Executive's  obligation to
perform  services  under this  Agreement  will  terminate.  In the event of such
termination,  Executive shall continue to receive his Base Salary at the rate in
effect on the Date of Termination  for the remainder of the  then-current  term.
Such  payments  shall be  reduced  by the  amount  of any  short-  or  long-term
disability  benefits payable to Executive under any disability program sponsored
by the Company or the Bank.

     (b) In the event of  Executive's  death during the term of this  Agreement,
his estate,  legal  representatives  or named  beneficiary or beneficiaries  (as
directed by Executive in writing) shall be paid Executive's Base Salary,  at the
rate in  effect  at the  time of  Executive's  death  for the  remainder  of the
then-current term.

7.   TERMINATION UPON RETIREMENT

     Termination  of Executive's  employment  based on  "Retirement"  shall mean
termination of Executive's  employment on or after age 65 or in accordance  with
any retirement  policy  established by the Bank or the Company with  Executive's
consent with respect to him. Upon  termination of Executive based on Retirement,
no  amounts  or  benefits  shall be due  Executive  under  this  Agreement,  and
Executive  shall be entitled to all benefits  under any  retirement  plan of the
Bank and other plans to which Executive is a party.

8.   RESIGNATION FROM BOARDS OF DIRECTORS

     In the event of termination of Executive's  employment for any reason other
than upon a Change in Control, to the extent that Executive serves as a director
of the  Company  and the  Bank,  and/or  as a  director  and/or  officer  of any
subsidiary  or  affiliate  of the  Company  and/or  the  Bank,  Executive  shall
immediately resign as a director.

                                       7
<PAGE>

9.   NOTICE.

     (a) Any notice required hereunder shall be in writing and hand-delivered to
the  other  party.  Any  termination  by  the  Bank  or by  Executive  shall  be
communicated by Notice of Termination to the other party hereto. For purposes of
this  Agreement,  a "Notice of  Termination"  shall mean a written  notice which
shall indicate the specific termination  provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances  claimed to
provide a basis for termination of Executive's employment under the provision so
indicated.

     (b) "Date of  Termination"  shall  mean (A) if  Executive's  employment  is
terminated  for  Disability,  thirty (30) days after a Notice of  Termination is
given (provided that he shall not have returned to the performance of his duties
on a  full-time  basis  during  such  thirty  (30) day  period),  and (B) if his
employment is terminated for any other reason,  the date specified in the Notice
of Termination.

     (c) If the party  receiving a Notice of  Termination  desires to dispute or
contest the basis or reasons for termination,  the party receiving the Notice of
Termination  must notify the other party within thirty (30) days after receiving
the  Notice of  Termination  that such a dispute  exists,  and shall  pursue the
resolution of such dispute in good faith and with reasonable  diligence.  During
the  pendency  of any such  dispute,  neither  the Company nor the Bank shall be
obligated to pay Executive  compensation  or other  payments  beyond the Date of
Termination.

10.  SOURCE OF PAYMENTS.

     All  payments  provided in this  Agreement  shall be timely paid in cash or
check from the  general  funds of the Bank.  The  Company,  however,  guarantees
payment and  provision of all amounts and benefits due  hereunder to  Executive,
and if such  amounts  and  benefits  due from the  Bank are not  timely  paid or
provided by the Bank, such amounts and benefits shall be paid or provided by the
Company.

11.  EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS.

     This Agreement contains the entire understanding between the parties hereto
and  supersedes  any  prior  employment   agreement  between  the  Bank  or  any
predecessor  of the Bank and  Executive,  including,  without  limitation,  that
certain Executive  Employment Agreement dated as of June 29, 2004 and amended as
of November 17, 2005,  except that this Agreement shall not affect or operate to
reduce any benefit or  compensation  inuring to  Executive  of a kind  elsewhere
provided.  No  provision of this  Agreement  shall be  interpreted  to mean that
Executive is subject to receiving  fewer  benefits  than those  available to him
without reference to this Agreement.

12.  NO ATTACHMENT; BINDING ON SUCCESSORS.

     (a) Except as  required  by law,  no right to receive  payments  under this
Agreement  shall be  subject to  anticipation,  commutation,  alienation,  sale,
assignment,  encumbrance,  charge,  pledge, or  hypothecation,  or to execution,

                                       8
<PAGE>

attachment,  levy, or similar process or assignment by operation of law, and any
attempt,  voluntary  or  involuntary,  to effect any such action  shall be null,
void, and of no effect.

     (b) This  Agreement  shall be binding  upon,  and inure to the  benefit of,
Executive and the Bank and their respective successors and assigns.

13.  MODIFICATION AND WAIVER.

     (a) This  Agreement may not be modified or amended  except by an instrument
in writing signed by the parties hereto.

     (b) No term or  condition  of this  Agreement  shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement,  except by written  instrument of the party charged with such
waiver or estoppel.  No such written waiver shall be deemed a continuing  waiver
unless specifically  stated therein,  and each such waiver shall operate only as
to the specific  term or condition  waived and shall not  constitute a waiver of
such term or condition for the future as to any act other than that specifically
waived.

14.  REQUIRED PROVISIONS.

     (a) If Executive is suspended  from office  and/or  temporarily  prohibited
from participating in the conduct of the Bank's affairs by a notice served under
Section 8(e)(3) [12 USC  ss.1818(e)(3)] or 8(g)(1) [12 USC ss.1818(g)(1)] of the
Federal Deposit Insurance Act (the "FDI Act"), the Bank's obligations under this
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 in its discretion (i) pay Executive all or part of the compensation withheld
while its contract obligations were suspended and (ii) reinstate (in whole or in
part) any of its obligations which were suspended.

     (b)  If   Executive  is  removed   and/or   permanently   prohibited   from
participating  in the  conduct of the Bank's  affairs by an order  issued  under
Section 8(e)(4) [12 USC  ss.1818(e)(4)] or 8(g)(1) [12 USC ss.1818(g)(1)] of the
FDI Act, all  obligations of the Bank under this Agreement shall terminate as of
the effective date of the order,  but vested rights of the  contracting  parties
shall not be affected.

     (c) If the  Bank is in  default  as  defined  in  Section  3(x)(1)  [12 USC
ss.1813(x)(1)]  of the FDI Act, all obligations of the Bank under this Agreement
shall  terminate as of the date of default,  but this paragraph shall not affect
any vested rights of the contracting parties.

     (d) All obligations under this contract 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 OTS or his or her
designee, at the time the FDIC enters into an agreement to provide assistance to
or on behalf of the Bank under the authority  contained in Section 13(c) [12 USC
ss.1823(c)]  of the FDI Act; or (ii) by the  Director or his or her  designee at
the time the Director 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  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.

                                       9

<PAGE>

     (e) Notwithstanding anything herein contained to the contrary, any payments
to Executive by the Company,  whether  pursuant to this  Agreement or otherwise,
are subject to and conditioned  upon their  compliance with Section 18(k) of the
FDI Act, 12 U.S.C. Section 1828(k), and the regulations  promulgated  thereunder
in 12 C.F.R. Part 359.

15.  SEVERABILITY.

     If, for any reason,  any  provision of this  Agreement,  or any part of any
provision, is held invalid, such invalidity shall not affect any other provision
of this  Agreement or any part of such  provision not held so invalid,  and each
such other  provision and part thereof shall to the full extent  consistent with
law continue in full force and effect.

16.  HEADINGS FOR REFERENCE ONLY.

     The headings of sections  and  paragraphs  herein are  included  solely for
convenience of reference and shall not control the meaning or  interpretation of
any of the provisions of this Agreement.

17.  GOVERNING LAW.

     This  Agreement  shall be governed by the laws of the State of Illinois but
only to the extent not superseded by federal law.

18.  ARBITRATION.

     Any  dispute  or  controversy  arising  under or in  connection  with  this
Agreement shall be settled exclusively by binding arbitration,  conducted before
a single  arbitrator  selected by the Bank and  Executive  sitting in a location
selected  by  the  Bank  and  Executive   within   twenty-five   (25)  miles  of
Edwardsville,  Illinois in accordance with the rules of the American Arbitration
Association then in effect. Judgment may be entered on the arbitrator's award in
any court having jurisdiction.

19.  PAYMENT OF LEGAL FEES.

     All  reasonable  legal fees paid or incurred by  Executive  pursuant to any
dispute or question of  interpretation  relating to this Agreement shall be paid
or reimbursed by the Bank,  provided that the dispute or interpretation has been
settled by Executive and the Bank or resolved in Executive's favor.

20.  INDEMNIFICATION.

     (a) The Bank shall provide  Executive  (including his heirs,  executors and
administrators)   with  coverage  under  a  standard  directors'  and  officers'
liability  insurance policy at its expense,  and shall indemnify  Executive (and
his heirs,  executors and  administrators) to the fullest extent permitted under
applicable law against all expenses and liabilities  reasonably  incurred by him
in connection with or arising out of any action,  suit or proceeding in which he
may be  involved  by reason of his having been a director or officer of the Bank
(whether  or not he  continues  to be a  director  or  officer  at the  time  of
incurring  such  expenses or  liabilities),  such  expenses and  liabilities  to

                                       10
<PAGE>

include,  but not be limited to, judgments,  court costs and attorneys' fees and
the cost of reasonable  settlements  (such  settlements  must be approved by the
Board);  provided,  however,  the Bank shall not be  required  to  indemnify  or
reimburse  Executive for legal  expenses or  liabilities  incurred in connection
with an action,  suit or proceeding  arising from any illegal or fraudulent  act
committed by Executive.  Any such indemnification  shall be made consistent with
OTS  Regulations  and Section  18(K) of the Federal  Deposit  Insurance  Act, 12
U.S.C. ss.1828(K), and the regulations issued thereunder in 12 C.F.R. Part 359.

     (b) Notwithstanding the foregoing,  no indemnification shall be made unless
the Bank gives the OTS at least 60 days'  notice of its  intention  to make such
indemnification.  Such notice  shall state the facts on which the action  arose,
the terms of any settlement,  and any disposition of the action by a court. Such
notice,  a copy thereof,  and a certified copy of the resolution  containing the
required  determination  by the Board shall be sent to the Regional  Director of
the OTS, who shall promptly acknowledge receipt thereof. The notice period shall
run from the date of such receipt. No such indemnification  shall be made if the
OTS advises the Bank in writing  within such  notice  period,  of its  objection
thereto.

     IN WITNESS WHEREOF,  the Company and the Bank have caused this Agreement to
be executed by their duly authorized  representatives,  and Executive has signed
this  Agreement,  effective as of the date first above written.  The Company has
become a party to this  Agreement for the sole purpose of binding  itself to the
duties and obligations set forth herein.

ATTEST:                                    FIRST FEDERAL SAVINGS & LOAN
                                           ASSOCIATION OF EDWARDSVILLE

/s/ Linda Werner                           By: /s/ Larry W. Mosby
---------------------------------              ------------------------------
Linda Werner, Corporate Secretary              Larry W. Mosby, President and
                                               Chief Executive Officer

ATTEST:                                    FIRST FEDERAL FINANCIAL
                                           SERVICES, INC.

/s/ Linda Werner                           By: /s/Larry W. Mosby
---------------------------------              ------------------------------
Linda Werner, Corporate Secretary              Larry W. Mosby, President and
                                               Chief Executive Officer

WITNESS:                                   EXECUTIVE:

/s/ Linda Werner                               /s/ Donald Engelke
---------------------------------              ------------------------------
                                               Donald Engelke

                                       11

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