Document:

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EXHIBIT 4(a)

                                BRUNSWICK BANCORP

                             2000 STOCK OPTION PLAN
                             (AMENDED AND RESTATED)

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SECTION 1.                 PURPOSE

                  The Brunswick Bancorp 2000 Stock Option Plan is hereby
established to foster and promote the long-term success of Brunswick Bancorp and
its shareholders by providing both employees and non-employee directors of the
Corporation with an opportunity to obtain an equity interest in the Corporation
through grants of non-qualified stock options. The Plan will assist the
Corporation in attracting and retaining the highest quality of experienced
employees and non-employee directors and in aligning the interests of such
employees and non-employee directors more closely with the interests of the
Corporation's shareholders by encouraging such parties to maintain an equity
interest in the Corporation. The Plan is effective as of the Effective Date as
defined herein.

SECTION 2.                 DEFINITIONS

         Capitalized terms not specifically defined elsewhere herein shall have
the following meaning:

2.1 "1934 ACT" means the Securities Exchange Act of 1934, as amended from time
to time, and the rules and regulations promulgated thereunder.

2.2 "AGREEMENT" means the written agreement setting forth the terms and
provisions applicable to each Award granted under the Plan as determined by the
Compensation Committee or the Board.

2.3 "AWARD" means a grant under the Plan of Non-Qualified Stock Options
evidenced by an Agreement.

2.4 "BOARD" means the entire membership of the Board of Directors of the
Corporation.

2.5 "CODE" means the Internal Revenue Code of 1986, as amended from time to
time, and the regulations promulgated thereunder.

2.6 "COMPENSATION COMMITTEE" means the Compensation Committee established to
administer this Plan as set forth in Section 3 with respect to Options granted
to Employees only, consisting of

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two or more "Non-Employee Directors" as such term is defined under Rule 16b-3 of
the 1934 Act. The Board shall appoint the members of the Compensation Committee.

2.7 "COMMON STOCK" or "STOCK" means the voting Common Stock of the Corporation.

2.8 "CORPORATION" AND "EMPLOYER" means Brunswick Bancorp and any present or
future subsidiary corporations of Brunswick Bancorp (as defined in Section 424
of the Code) or any successor to such corporations.

2.9 "DIRECTOR" means any individual who is a member of the Board.

2.10 "DIRECTOR EMERITUS" means a Non-Employee Director no longer serving on the
Board, but who is eligible to participate in the Plan as designated by the
Board.

2.11 "DISABILITY" means a permanent and total disability as defined in Section
22(e)(3) of the Code, provided that the Compensation Committee or Board in its
discretion may determine whether a permanent and total disability exists in
accordance with uniform and non-discriminatory standards adopted by the
Compensation Committee from time to time.

2.12 "EFFECTIVE DATE" means the date established under Section 13 herein.

2.13 "EMPLOYEE" means an individual employed by the Corporation and excludes a
Non-Employee Director or a Director Emeritus.

2.14 "EXERCISE PRICE" means the price at which a Share may be purchased by a
Participant as set forth in an Agreement and under Section 6.4(a) herein,
pursuant to the exercise of an Option, as determined by the Compensation
Committee or the Board.

2.15 "FAIR MARKET VALUE" means, with respect to shares of Common Stock, the fair
market value as determined by the Board in good faith and in a manner
established by the Board from time to time taking into account such factors as
the Board, in the exercise of its good faith discretion, shall deem appropriate,
such as the book value of the Common Stock, the trading value of the Common
Stock, to the extent a reliable and established trading market for the Common
Stock exists, and trading multiples, such as book value and earnings per share
multiples, for comparably sized financial institutions trading on established
trading markets.

2.16 "GRANT DATE" means the date on which an Award is granted to a Participant
pursuant to an Agreement.

2.17 "NON-EMPLOYEE DIRECTOR" means a Director (i) who is not an Employee of the
Corporation and (ii) that satisfies the requirements of Section 16b-3(b) of the
1934 Act.

2.18 "NON-QUALIFIED STOCK OPTION" means an Option to purchase Shares of Common
Stock of the Corporation granted to a Participant pursuant to an Award under the
Plan which is not intended to comply with the requirements of Section 422 of the
Code.

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2.19 "NOTICE OF EXERCISE" means a Participant's written notice of intent to
exercise an Option awarded under this Plan in accordance with Section 7.2.

2.20 "OPTION" means a Non-Qualified Stock Option granted under the Plan.

2.21 "PARTICIPANT" means an Employee or former Employee (to the extent provided
under this Plan) of the Corporation as selected by the Compensation Committee
who has received an Award under the Plan, or a current Non-Employee Director or
Director Emeritus (to the extent provided under this Plan) as selected by the
Board to receive an Option under the Plan.

2.22 "PLAN" means the Brunswick Bancorp 2000 Stock Option Plan, as amended from
time to time.

2.23 "PLAN YEAR" means the calendar year.

2.24 "RETIREMENT" means termination of employment for an Employee on or after
age 60.

2.25 "RULE 16B-3" means Rule 16b-3 promulgated under the 1934 Act, as amended,
and any future regulation amending, supplementing or superceding such
regulation.

2.26 "SECTION 16B-3 PERSON" means a person who, with respect to Shares, is
subject to Section 16 of the 1934 Act.

2.27 "SHARES" means the Shares of the Corporation's Common Stock.

2.28 "TERMINATION" means (a) in the case of an Employee, a cessation of the
relationship between an Employee and the Corporation not including death,
Disability or Termination for Cause; and (b) in the case of a Non-Employee
Director, a cessation of the Non-Employee Director's service on the Board for
any reason without Director Emeritus designation by the Board. For purposes of
the Plan, the following events shall not be deemed a Termination of a
Participant in the case of an Employee: (i) a transfer to the employment of the
Corporation from a subsidiary or from the Corporation to a subsidiary, or from
one subsidiary to another, or (ii) an approved leave of absence for military
service or sickness, or for any other purpose approved by the Corporation, if
the Participant's right to reemployment is guaranteed either by a statute or by
contract or under the policy pursuant to which the leave of absence was granted
or if the Compensation Committee or Board otherwise so provides in writing.

2.29 "TERMINATION FOR CAUSE" means for an Employee or a Non-Employee Director,
termination because of Participant's intentional failure to perform stated
duties, personal dishonesty, willful violation of any law, rule regulation
(other than traffic violations or similar offenses) or final cease and desist
order issued by any regulatory agency having jurisdiction over the Participant
or the Corporation.

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SECTION 3.                 ADMINISTRATION

3.1 GENERAL PROVISIONS. The Compensation Committee shall administer the Plan in
accordance with its terms and purposes. The Compensation Committee shall consist
of not less than two (2) Directors. The members of the Compensation Committee
shall be appointed from time to time by, and shall serve at the pleasure of, the
Board. The Compensation Committee shall be comprised solely of Directors who are
"Non-Employee Directors" as defined in Section 2.17.

3.2 PLAN ADMINISTRATION. Among other things, with respect to Awards, the
Compensation Committee shall have the discretion and exclusive authority to (a)
approve and grant Awards, (b) determine the individuals to whom and the time or
times at which Awards may be granted, (c) determine the terms and conditions of
any Award granted hereunder, including whether to impose any vesting period, and
the Exercise Price thereof subject to the requirements of this Plan, (d)
interpret the Plan and Awards, (e) adopt, amend, alter and repeal such
administrative rules, guidelines and practices governing the operation,
administration, interpretation and application of the of the Plan as it shall
from time to time consider advisable, (f) interpret the provisions of the Plan
and any Award and to decide all disputes arising in connection with the Plan,
(g) interpret, amend or revoke any such rules and (h) take any action it deems
necessary to ensure the delivery of benefits to Participants pursuant to
existing Awards under the Plan in the event of a Change in Control as provided
in Section 9.2. The Compensation Committee shall exercise the discretion granted
to it hereunder in a uniform and nondiscriminatory manner. The Compensation
Committee may correct any defect or supply any omission or reconcile any
inconsistency in the Plan or in any option agreement in the manner and to the
extent it shall deem appropriate to carry the Plan into effect, in its sole and
absolute discretion. The Compensation Committee's decision and interpretations
shall be final and binding. Any action of the Compensation Committee with
respect to the administration of the Plan shall be taken pursuant to a majority
vote or by the unanimous written consent of its members.

3.3 DELEGATION. In accordance with Section 3.1, the Compensation Committee, in
its sole discretion, may delegate all or any part of its authority and powers
under the Plan to one or more Directors or officers of the Corporation; provided
that the Compensation Committee may not delegate its authority and powers with
respect to Section 16 Persons.

3.4 RIGHT TO RETAIN. The Compensation Committee may employ such legal counsel,
consultants and agents as it may deem desirable for the administration of the
Plan and may rely upon any opinion received from any such counsel or consultant
and any computation received from any such consultant or agent.

3.5 NON-EMPLOYEE DIRECTORS. Notwithstanding any contrary provision of this
Section 3, the Board shall administer Section 8 of the Plan, and the
Compensation Committee shall exercise no discretion with respect to Section 8.
In the Board's administration of Section 8 and the Awards granted to
Non-Employee Directors (including Directors Emeritus), the Board shall have all
of the authority and discretion otherwise granted to the Compensation Committee
in this Section with respect to the administration and operation of the Plan.

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SECTION 4.                 ELIGIBILITY

4.1 Employees of the Corporation shall be eligible to participate in the Plan.
The Participants under the Plan shall be selected from time to time by the
Compensation Committee, in its sole discretion, from among those eligible, and
the Compensation Committee shall determine in its sole discretion the numbers of
Shares to be covered by the Option or Options granted to each Participant.
Non-Employee Director eligibility under the Plan will be determined under the
provisions of Section 8.

SECTION 5.                 SHARES OF STOCK AVAILABLE FOR OPTIONS

5.1 MAXIMUM SHARES. The maximum number of Shares which may be issued and
purchased pursuant to Awards of Options under the Plan is 250,000 Shares of
Common Stock, no par value per Share, subject to adjustment as provided in
Section 5.3.

5.2 LAPSED AWARDS. If an Option granted under this Plan expires, lapses or
terminates before exercise or is forfeited for any reason, before a Notice of
Exercise is accepted and without a payment in the form of the transfer of
ownership of Common Stock to the Participant pursuant to such exercise of an
Award, the Shares of Common Stock subject to such Award, to the extent of such
expiration, termination or forfeiture, shall again be available for subsequent
Awards of Options under Plan. Shares of Common Stock issued under the Plan may
consist in whole or in part of authorized but unissued shares or treasury
shares.

5.3 ADJUSTMENT. In the event that the Compensation Committee determines, in its
sole discretion, that any stock dividend, stock split, reverse stock split or
combination, extraordinary cash dividend, creation of a class of equity
securities, recapitalization, reclassification, reorganization, merger,
consolidation, split-up, spin-off, combination, exchange of shares, warrants or
rights offering to purchase Common Stock at a price substantially below Fair
Market Value, or other similar transaction affects the Common Stock such that an
adjustment is required in order to preserve the benefits or potential benefits
intended to be granted or made available under the Plan to Participants, the
Compensation Committee shall proportionately and appropriately adjust equitably
any or all of (i) the maximum number and class of shares of Common Stock in
respect of which Options may be granted under the Plan to Participants, (ii) the
number and class of shares of Common Stock subject to outstanding Options held
by Participants, (iii) the Exercise Price with respect to any Options held by
Participants, without changing the aggregate purchase price as to which such
Options remain exercisable, (iv) the numerical limit of Section 5.1 in such
manner as the Compensation Committee shall determine to be appropriate to
prevent the dilution or diminution of such Awards, and (v) if considered
appropriate, the Compensation Committee may make provision for a cash payment
with respect to any outstanding Options held by a Participant. No fractional
Shares shall be issued on account of any such adjustment. Any adjustments under
this Section will be made by the Compensation Committee, whose determination as
to what adjustments, if any, will be made and the extent thereof will be final,
binding and conclusive.

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SECTION 6.                 NON-QUALIFIED STOCK OPTIONS

6.1 GRANT OF OPTIONS. The Compensation Committee may, from time to time, approve
Awards of Non-Qualified Stock Options to Participants upon such terms and
conditions as the Compensation Committee may determine. In accordance with
Section 8, the Board may, from time to time, approve Awards of Non-Qualified
Stock Options to Non-Employee Director Participants or Director Emeritus
Participants.

6.2 NUMBER OF OPTIONS. The Compensation Committee, in its sole discretion, shall
determine the number of Shares subject to each Option Award.

6.3 AWARD AGREEMENT. Each Award shall be evidenced by a written Agreement
executed by the Participant and the Corporation and shall specify the Exercise
Price, the expiration date of the Option, the number of Shares to which an
Option pertains, any conditions to exercise of the Option, and such other terms
and conditions as the Compensation Committee, in its discretion, shall determine
to be necessary or advisable to achieve the purposes of the Plan or comply with
applicable tax and regulatory laws and accounting principles.

6.4 TERMS AND CONDITIONS. Awards of Non-Qualified Stock Options under this Plan
are subject to the following terms and conditions:

                  (a) Exercise Price. The Exercise Price per share of Common
Stock pursuant to an Award shall be determined by the Compensation Committee on
the date the option is granted and set forth in the Agreement. Shares may be
purchased only upon full payment of the Exercise Price. Payment of the Exercise
Price may be made in accordance with Section 7.4.

                  (b) Terms of Options; Expiration. The term during which each
Non-Qualified Stock Option may be exercised shall be determined by the
Compensation Committee, but in no event shall a Non-Qualified Stock Option be
exercisable in whole or in part more than five (5) years from the date of grant,
unless otherwise determined by the Compensation Committee or the Board.

                  (c) Termination of Service. Notwithstanding any contrary
provisions in an Agreement, subject to the approval of the Compensation
Committee, if there is a Termination for any reason other than death, Disability
or Termination for Cause, the Participant's Non-Qualified Stock Options shall be
exercisable only as to those shares which were immediately exercisable by the
Participant at the date service ceases and only for a period of three months
following such termination. Options which are not exercisable on the date of
such Termination shall never become exercisable.

                  (d) Termination for Cause. Notwithstanding any provision set
forth herein nor contained in any Agreement, in the event of Termination for
Cause, all rights under the Participant's Non-Qualified Stock Options pursuant
to an Award shall expire as of the date of the Termination for Cause, as
determined by the Compensation Committee.

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                  (e) Death; Disability. In the event of Termination as a result
of a Participant's death or Disability, all outstanding Non-Qualified Stock
Options held by the Participant, whether or not exercisable at such time, shall
be exercisable by the Participant or his legal representatives or beneficiaries
for one year or such longer period as determined by the Compensation Committee
following the date of the Participant's death or Disability, provided that in no
event shall the period extend beyond the expiration of the Non-Qualified Stock
Option term specified in the Agreement.

                  (f) Retirement. In the event of Retirement, Options held by a
Participant may be exercised for a period of time ending the earlier of (i) the
remaining term of the Option, or (ii) six months.

                  (g) Nontransferability. Except as provided herein, no Option
granted under this Plan shall be assignable or transferable by a Participant,
other than by operation of the laws of descent and distribution, and any
attempted disposition not in compliance with the provisions hereof shall be null
and void and of no further effect. A Participant may transfer or assign an
Option granted hereunder to an immediate family member or trust or benefit plan
established for the benefit of an immediate family member. For purposes of this
provision, the term "immediate family member" means a Participant's spouse,
parents and offspring.

                  (h) Additional Restrictions. The Compensation Committee may
impose such restrictions on any Shares under an Award and acquired pursuant to
the exercise of an Option as it may deem advisable, including, but not limited
to, restrictions related to applicable Federal securities laws, the requirements
of any national securities exchange or system upon which Shares are then listed
or traded, or any blue sky or state securities laws.

                  (i) No Obligation To Repurchase Common Stock. The Corporation
shall have no obligation to repurchase Common Stock acquired by Participants
under the Plan.

SECTION 7.                 EXERCISE OF OPTIONS

7.1 EXERCISE; ACCELERATION. Options granted under the Plan shall be exercisable
at such times and be subject to such restrictions and conditions as the
Compensation Committee may determine in its sole discretion as provided for
under the terms of the Plan and the Agreement. After an Award is made, the
Compensation Committee, in its sole discretion, may accelerate or extend the
period during which the Option(s) are exercisable. However, in no event may any
option granted to a Section 16 Person be exercisable until at least six (6)
months following the Grant Date.

7.2 NOTICE OF EXERCISE. Any Award hereunder which has become exercisable may be
exercised from time to time, in whole or in part, by delivering written Notice
of Exercise, in the form delivered with and attached to an Agreement issued
pursuant to this Plan, to the Chief Financial Officer of the Corporation.

7.3 AWARD DIFFERENTIALS. Each Award may be granted alone, in addition to or in
relation to any other Award under this Plan. The terms of each Option need not
be identical, and the

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Compensation Committee need not treat Participants uniformly. Except as
otherwise provided by the Plan or a particular Option, any determination with
respect to an Option may be made by the Compensation Committee at the time of
Award or at any time thereafter.

7.4      PAYMENT UPON OPTION EXERCISE.

                  (a) The Notice of Exercise required under Section 7.2 is
irrevocable and must be accompanied by full payment of the Exercise Price, in
cash or by cash equivalent unless otherwise provided for by the Compensation
Committee.

                  (b) Unless otherwise provided in this Plan or an Agreement,
the Participant shall pay to the Corporation by cash or cash equivalent any
taxes required by law to be withheld in respect of an exercise of Options under
the Plan no later than the date of the event creating the tax liability. The
Corporation may, to the extent permitted by law, deduct any such tax obligations
from any payment of any kind otherwise due to the Participant.

                  (c) As soon as practicable after receipt of a Notice of
Exercise and full payment for the Shares purchased, the Corporation shall
deliver to the Participant (or the Participant's designated broker) Share
certificates (which may be in book entry form) representing such Shares.

SECTION 8.                 NON-EMPLOYEE DIRECTORS

8.1 PLAN PROVISIONS. Except where references to this Section 8 are otherwise
incorporated in this Plan, and excluding Sections 2 and 3, all references to the
"Compensation Committee" in this Plan Document shall be deemed substituted by
the word "Board" and all provisions of this Plan shall hereby apply to Options
granted to Non-Employee Directors and Directors Emeritus as provided in this
Section 8.

8.2 ELIGIBILITY. A Non-Employee Director or a Director Emeritus shall be
eligible to participate in the Plan. Participants shall be selected from time to
time by the Board, in its sole discretion, from among those eligible, and the
Board shall determine in its sole discretion the terms and conditions of Shares
to be covered by the Award granted to each Participant.

8.3 FEE ELECTION. Pursuant to such procedures as the Board (in its discretion)
may adopt from time to time, a Non-Employee Director may elect to forgo receipt
of all or a portion of Director fees and meeting fees otherwise due to the
Non-Employee Director in exchange for Shares. The number of Shares received by
any Non-Employee Director shall equal the amount of foregone compensation
divided by the Fair Market Value of a Share on the date that the compensation
otherwise would have been paid to the Non-Employee Director, rounded up to the
nearest whole number of Shares. The procedures adopted by the Board for
elections under this Section shall be designed to ensure that any such election
by a Non-Employee Director will not disqualify him or her as a "Non-Employee
Director" under Rule 16b-3, and all interpretations thereof shall be made
accordingly.

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8.4 ADJUSTMENTS. In the case of Awards to Non-Employee Directors or Directors
Emeritus, adjustments under Section 5.3 will be made by the Board in its sole
discretion to prevent the dilution or diminution of such Awards.

8.5 AWARDS. All Awards to Non-Employee Directors or Directors Emeritus shall be
made pursuant to a Board Resolution adopted by the entire Board in accordance
with the terms of this Plan and the Agreement. A Board Resolution awarding an
Option under this Plan will contain the name of each Non-Employee Director or
Director Emeritus involved in the Award, the nature of the Award, the number and
type of Option(s) to be acquired and disposed of by each Non-Employee Director
or Director Emeritus, the material terms of any derivative securities involved
in the Award, and a statement that the approval of the Resolution is being
obtained for the purpose of exempting the Award under Rule 16b-3.

SECTION 9.        GENERAL PROVISIONS APPLICABLE TO OPTIONS

9.1      SECTION 16 EXEMPTION.

                  (a) Employees. Notwithstanding any other provision of the
Plan, in order to qualify for the exemption provided by Rule 16b-3 of the Act,
any Common Stock acquired by an Employee who is a Section 16 Person pursuant to
an Award shall not be exercised for six (6) months after the Grant Date. The
Compensation Committee shall have no authority to take any action if the
authority to take such action, or the taking of such action, would disqualify
the Plan from the exemption provided by Rule 16b-3 of the Act at a time when the
Company is subject to the provisions of Rule 16b-3 of the 1934 Act.

                  (b) Non-Employee Directors. Notwithstanding any other
provision of the Plan, in order to qualify for the exemption provided by Rule
16b-3 of the 1934 Act for acquisitions, any Common Stock acquired by a
Non-Employee Director or Director Emeritus who is a Section 16 Person pursuant
to an Award may not be exercised for six (6) months after the Grant Date. The
Board, as provided in Section 8, shall have no authority to take any action if
the authority to take such action, or the taking of such action, would
disqualify the Plan from the exemption provided by Rule 16b-3 of the Act at a
time when the Corporation is subject to the provisions of Rule 16b of the Act.

9.2 CHANGE IN CONTROL. In the event of a consolidation, reorganization, merger
or sale of all or substantially all of the assets of the Corporation in each
case in which outstanding Shares of Common Stock are exchanged for securities,
cash or other property of any other corporation or business entity or in the
event of a liquidation of the Corporation, the Compensation Committee will
provide for any one or more of the following actions, as to outstanding Options:
(i) provide that such Options shall be assumed, or equivalent options shall be
substituted, by the acquiring or succeeding corporation (or an affiliate
thereof), (ii) upon written notice to the Participants, provide that all
unexercised Options will terminate immediately prior to the consummation of such
transaction unless exercised (to the extent then exercisable) by the Participant
within a specified period following the date of such notice, (iii) in the event
of a merger under the terms of which holders of the Common Stock of the
Corporation will receive upon consummation thereof a cash

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payment for each share surrendered in the merger (the "Merger Price"), make or
provide for a cash payment to the Participants equal to the difference between
(A) the Merger Price times the number of shares of Common Stock subject to such
outstanding Options (to the extent then exercisable at prices not in excess of
the Merger Price) and (B) the aggregate Exercise Price of all such outstanding
Options in exchange for the termination of such Options, (iv) provide that all
or any outstanding Options shall become exercisable in full immediately prior to
such event provided however that no adjustment shall be made pursuant to this
Section 9.2 if such adjustment would cause the Plan to fail to comply with Rule
16b-3 of the 1934 Act, or (v) any other action that the Compensation Committee
deems equitable and appropriate upon the occurrence of an event as defined
herein.

SECTION 10.       AMENDMENT; TERMINATION

10.1 AMENDMENT. The Compensation Committee may at any time, and from time to
time, amend, modify or terminate the Plan or any outstanding Option held by a
Participant, including substituting therefor another Option of the same or a
different type or changing the date of exercise or realization, provided that
the Participant's consent to each action shall be required unless the
Compensation Committee determines that the action, taking into account any
related action, would not materially and adversely affect the Participant, and
further provided that no amendment or modification will be permitted if such
amendment or modification would cause the Plan to fail to comply with Rule 16b-3
under the 1934 Act.

10.2 GRANT LIMITS. Options may not be awarded under the Plan after the tenth
anniversary of its adoption, but then outstanding Options may extend beyond such
date.

SECTION 11.       MISCELLANEOUS

11.1 NO RIGHT TO CONTINUED EMPLOYMENT. No person shall have any claim or right
to an Award, and an Option Award shall not be construed as giving a Participant
the right to continued employment. The Corporation expressly reserves the right
at any time to dismiss a Participant free from any liability or claim under the
Plan, except as expressly provided in the applicable Option.

11.2 ADDITIONAL PLANS. Nothing contained in the Plan shall prevent the
Corporation from adopting other or additional compensation arrangements.

11.3 SHAREHOLDER RIGHTS. Subject to the provisions of the applicable Award, no
Participant shall have any rights as a shareholder (including, without
limitation, any rights to receive dividends, or non cash distributions with
respect to such shares) with respect to any shares of Common Stock to be
distributed under the Plan until he or she becomes the holder thereof.

11.4 COMPLIANCE WITH APPLICABLE LAW. Notwithstanding anything to the contrary
expressed in this Plan, any provisions hereof that vary from or conflict with
any applicable Federal or state

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securities laws (including any regulations promulgated thereunder) shall be
deemed to be modified to conform to and comply with such laws.

11.5 INDEMNITY. No member of the Compensation Committee shall be liable for any
action or determination taken or granted in good faith with respect to this Plan
nor shall any member of the Compensation Committee be liable for any Agreement
issued pursuant to this Plan or any grants under it. Each member of the
Compensation Committee shall be indemnified by the Corporation against any
losses incurred in such administration of the Plan, unless his action
constitutes serious and willful misconduct.

11.6 WITHHOLDING. Whenever income taxes are payable with respect to Shares, the
Corporation shall have the right to require a Participant to remit to the
Corporation an amount sufficient to satisfy any Federal, state and local
withholding tax requirements. The Compensation Committee, pursuant to such
procedures as it may specify from time to time, will permit a Participant to
satisfy all or part of the tax withholding obligations in connection with an
Award by (a) having the Corporation withhold otherwise deliverable Shares; (b)
delivering to the Corporation already-owned Shares having a Fair Market Value
equal to the amount required to be withheld; or (c) by any other means which the
Compensation Committee determines to both provide legal consideration for the
Shares, and to be consistent with the purposes of this Plan. The amount of the
withholding requirement shall be deemed to include any amount which the
Compensation Committee determines, not to exceed the amount determined by using
the maximum Federal, state or local marginal income tax rates applicable to the
Participant with respect to the Award on the date that the amount of tax to be
withheld is to be determined. The Fair Market Value of the Shares to be withheld
or delivered shall be determined as of the date that the taxes are required to
be withheld.

11.7 BENEFICIARY DESIGNATION. A Participant may file with the Compensation
Committee a written designation of a beneficiary or beneficiaries (subject to
the approval of the Compensation Committee and the limitations and format that
the Compensation Committee may prescribe) to receive, in the event of the death
of the Participant, any vested but unpaid Awards under this Plan. A Participant
may from time to time revoke or change the beneficiary designation under the
Plan provided, however, that if the Compensation Committee shall be in doubt as
to the right of any such beneficiary to receive any benefit under the Plan, the
Compensation Committee may determine to recognize only a disposition to the
legal representative of the recipient, in which case the Corporation, the
Compensation Committee and the members thereof shall not be under any further
liability to anyone. In the absence of such designation, any vested benefits
remaining unpaid at the Participant's death shall be paid to the Participant's
estate and, subject to the terms of the Plan and of the applicable Agreement,
any unexercised vested Award may be exercised by the administrator or executor
of the Participant's estate.

11.8 UNFUNDED PLAN. The Plan is intended to constitute an "unfunded" plan for
incentive and deferred compensation. With respect to any payments or deliveries
of Shares not yet made to a Participant by the Corporation, nothing contained
herein shall give any rights that are greater than those of a general creditor
of the Corporation.

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11.9 SUCCESSORS. All obligations of the Corporation under the Plan, with respect
to Awards granted hereunder, shall be binding on any successor to the
Corporation, whether the existence of such successor is the result of a direct
or indirect purchase, merger, consolidation or otherwise, of all or
substantially all of the business or assets of the Corporation.

SECTION 12.       LEGAL CONSTRUCTION

12.1 SEVERABILITY. In the event any provision of the Plan shall be held illegal
or invalid for any reason, the illegality or invalidity shall not effect the
remaining parts of the Plan, and the Plan shall be construed and enforced as if
the illegal or invalid provision had not been included.

12.2 COMPLIANCE WITH RULE 16B-3. Transactions under this Plan with respect to
Section 16 Persons are intended to comply with all applicable conditions of Rule
16b-3. To the extent any provision of the Plan, Award, Agreement or action by
the Compensation Committee fails to so comply, it shall be deemed null and void,
to the extent permitted by law and deemed advisable by the Compensation
Committee. Notwithstanding any contrary provision of the Plan, if the
Compensation Committee specifically determines that compliance with Rule 16b-3
no longer is required, all references in the Plan to Rule 16b-3 shall be null
and void.

12.3 GOVERNING LAW. The Plan shall be construed, administered and enforced
according to the laws of the State of New Jersey, without regard to the choice
of law provisions thereof.

12.4 GENDER AND NUMBER. The masculine gender, wherever used, shall include the
feminine and neuter genders, and the singular shall include the plural, and vice
versa, unless the context clearly requires otherwise.

12.5 HEADINGS. The headings contained in the Plan are for reference only and not
intended to be a part of, or to affect the meaning or interpretation of, the
provisions of this Plan.

SECTION 13.       EFFECTIVE DATE

13.1 This Plan is effective January 1, 2000.

                                      -20-<PAGE>

EXHIBIT 4(b)
                                BRUNSWICK BANCORP

                      STOCK OPTION AGREEMENT FOR EMPLOYEES

================================================================================

                  THIS STOCK OPTION AGREEMENT ("Agreement") is entered into as
of ____________ by and between Brunswick Bancorp, a New Jersey corporation
("Corporation") and __________________ ("Optionee").

                                    RECITALS

                  A. Optionee is an Employee of the Corporation as defined in
the Brunswick Bancorp 2000 Stock Option Plan (the "Plan").

                  B. The Corporation has approved a grant to the Optionee of the
right to purchase Common Stock (the "Option") pursuant to the terms and
conditions of this Agreement and subject to the terms and conditions of the
Plan, as amended from time to time.

                                    AGREEMENT

                  NOW, THEREFORE, in consideration of the covenants hereinafter
set forth, the Corporation and the Optionee agree as follows:

         1. Grant of Option. The Corporation hereby grants to the Optionee the
Option to purchase up to a maximum of _______ shares ("Shares") of Common Stock
at a price of $_______ per share ("Exercise Price"). The Exercise Price shall be
paid in accordance with this Agreement and the Plan. It is intended that the
Option will not qualify as an incentive stock option under Section 422 of the
Internal Revenue Code of 1986, as amended.

         2. Optionee Bound by Plan. The Optionee hereby agrees to be bound by
all the terms and provisions of the Plan.

                                      -21-
<PAGE>

         3. Grant Date. The Grant Date of the Option shall mean _______________.

         4. Ability to Exercise Options. a. Options granted under this Agreement
shall be exercisable in whole or in part until ___________, 2005.

         5. Vesting of Options. The number of Options as set forth in Section 1
above and granted to an Optionee under this Agreement shall vest in accordance
with the following schedule:

                      DATE                    VESTED PERCENTAGE EXERCISABLE
                  ---------------------------------------------------------

                  ______, 2000                            20%
                  ______, 2001                            40%
                  ______, 2002                            60%
                  ______, 2003                            80%
                  ______, 2004                            100%

         6. Exercise of Option. Until termination of the Option in accordance
with the Plan, the Option may be exercised by Optionee (or such other person
specified in the Plan) to the extent exercisable as determined under this
Agreement and the Plan, upon delivery of the following to the Chief Financial
Officer of the Corporation at its principal executive offices:

                  a. a written Notice of Exercise (attached hereto) which
identifies this Agreement and states the number of Shares;

                  b. a certified bank check, cash, or any combination thereof in
the amount of the aggregate Option Price, unless otherwise provided herein;

                  c. a certified bank check or cash in the amount reasonably
requested by the Corporation to satisfy the Corporation's withholding
obligations under Federal, state or other applicable tax laws with respect to
the taxable income, if any, recognized by Optionee in connection with the
exercise, in whole or in part, of the Option (unless the Corporation and
Optionee shall have made other arrangements for deductions or withholding from
Optionee's wages, bonus or other

                                      -22-
<PAGE>

income paid to Optionee by the Corporation, provided such arrangements satisfy
the requirements of applicable tax laws).

         7. Representations and Warranties of Optionee.

                  a. Optionee represents and warrants that the Option is being
acquired by Optionee for Optionee's personal account, for investment purposes
only, and not with a view to the distribution, resale or other disposition
thereof.

                  b. Optionee acknowledges receipt of this Agreement granting
the Option, and the Plan, and understands that all rights and liabilities
connection with the Option are set forth herein and in the Plan.

                  c. Optionee understands that, pursuant to Section 10.1 of the
Plan, by executing this Agreement with his or her signature given below, the
Optionee hereby consents to the termination of all prior unexercised Option
grants to purchase Shares under any predecessor plan or Agreement in connection
with any prior plan, and instead agrees to the terms of the Option grant as set
forth in this Agreement. By rendering his or her consent below, Optionee affirms
that all prior Options granted under any predecessor plan or Agreement have not
been exercised, and that if the Corporation establishes with reasonable
certainty that this condition to this Agreement has not been satisfied, the
Corporation has the right to adjust the Options granted pursuant to this
Agreement in any manner it deems advisable to fairly reflect the terms of the
Option grants intended under the Plan.

         8. No Rights as a Stockholder. Optionee shall have no rights as a
stockholder of any Shares of Common Stock covered by the Option until the date
an entry evidencing such ownership is made in the stock transfer books of the
Corporation. The Corporation will make no adjustment for dividends (ordinary or
extraordinary, whether in cash, securities or other property) or distributions

                                      -23-
<PAGE>

or other rights for which the record date is prior to the Exercise Date.
Notwithstanding, the Compensation Committee may, in its sole discretion, make
adjustments to the Option to reflect changes that affect the Common Stock in
order to preserve the benefits or potential benefits intended to be granted or
made available under the Plan, in accordance with Section 5.3 of the Plan.
Adjustments made pursuant to this paragraph, if any, are final, binding, and
conclusive.

         9. Limitation of Corporation's Liability for Nonissuance. Inability of
the Corporation to obtain, from any regulatory body having jurisdiction,
authority reasonably deemed by the Corporation's counsel to be necessary for the
lawful issuance and sale of any Shares of Common Stock hereunder and under the
Plan shall relieve the Corporation of any liability in respect of the
nonissuance or sale of such Shares as to which such requisite authority shall
not have been obtained.

        10. This Agreement Subject to Plan. This Agreement is made under the
provisions of the Plan and shall be interpreted in a manner consistent with it.
To the extent that any provision in this Agreement is inconsistent with the
Plan, the provisions of the Plan shall control. A copy of the Plan is available
to Optionee at the Corporation's principal executive offices upon request and
without charge. The good faith interpretation of the Compensation Committee of
any provision of the Plan, the Option or this Agreement, and any determination
with respect thereto or hereto by the Compensation Committee, shall be final,
conclusive and binding on all parties.

                                      -24-
<PAGE>

         11. Notices. All notices, requests and other communications hereunder
shall be in writing and, if given by telegram, telecopy or telex, shall be
deemed to have been validly served, given or delivered when sent, and, if given
by personal delivery, shall be deemed to have been validly served, given or
delivered upon actual delivery and, if mailed, shall be deemed to have been
validly served, given or delivered three business days after deposit in the
United States mails, as registered or certified mail, with proper postage
prepaid and addressed to the party or parties to be notified, at the following
addresses (or such other address(es) as a party may designate for itself by like
notice):

IF TO THE CORPORATION:                          IF TO THE OPTIONEE:

    Brunswick Bancorp
                                                ---------------------------
    439 Livingston Ave.
                                                ---------------------------
    New Brunswick, NJ 08901
                                                ---------------------------

         12. Not an Employment or Other Agreement. Nothing contained in this
Agreement shall confer, intend to confer or imply any rights to an employment or
other relationship or rights to a continued employment or other relationship
with the Corporation and/or any subsidiary in favor of Optionee or limit the
ability of the Corporation and/or any subsidiary to terminate, with or without
cause, in its sole and absolute discretion, the employment or other relationship
with Optionee, subject to the terms of any written employment or other agreement
to which Optionee is a party.

         13. Compliance with Laws and Regulation. This Option and the
obligations of the Corporation to sell and deliver Shares hereunder, shall be
subject to all applicable Federal and state laws, rules and regulations and to
such approvals by any government or regulatory agency as may be required.

                                      -25-
<PAGE>

         14. Governing Law. This Agreement shall be construed under and governed
by the laws of the State of New Jersey without regard to the conflict of law
provisions thereof.

         15. Counterparts. This Agreement may be executed in counterparts, each
of which shall be deemed an original and both of which together shall be deemed
one Agreement.

         IN WITNESS WHEREOF, the Corporation and Optionee have executed this
Agreement as of the date first above written.

                                    THE CORPORATION

                                    BRUNSWICK BANCORP, a New Jersey corporation

                                    By:
                                       --------------------------------------
                                    Name:
                                         ------------------------------------
                                    Title:
                                          -----------------------------------

                                    OPTIONEE:

                                    Name:
                                         ------------------------------------

                                    Signature:
                                              -------------------------------

                                      -26-
<PAGE>

                          NOTICE OF EXERCISE OF OPTION

                  (TO BE SIGNED ONLY UPON OPTIONEE'S INTENTION
                             TO EXERCISE THE OPTION)

TO:  BRUNSWICK BANCORP

         The undersigned, the holder of the foregoing Option, hereby gives
notice of his/her intention to exercise the Option for ________ Shares of
BRUNSWICK BANCORP (the "Corporation"), in accordance with the terms and
conditions of the BRUNSWICK BANCORP 2000 STOCK OPTION PLAN and the BRUNSWICK
BANCORP STOCK OPTION AGREEMENT, for the purchase price of ____________ per Share
of Common Stock.

Dated:

                                              --------------------------
                                              OPTIONEE (Signature)

                                              --------------------------
                                              OPTIONEE (Print Name)

                                      -27-

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