Document:

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                                                                   EXHIBIT 10.22

                           CHANGE-IN-CONTROL AGREEMENT

         This Change-in-Control Agreement ("Agreement") is entered into as of
______________, 2003 ("Effective Date") between Franklin Bank, National
Association ("Bank") and Ronald J. Carr ("Carr").

         IT IS AGREED as follows:

         1. SEPARATION FROM EMPLOYMENT DUE TO CHANGE IN CONTROL. In the event of
a Qualifying Event pursuant to a Change in Control (as those terms are defined
below), Bank will pay to Carr an amount equal to (a) one (1.0) times Carr's Cash
Compensation for the year, if such Qualifying Event occurs during the first
twelve (12) months of Carr's employment as Senior Vice President - Director of
Human Resources with Bank or (b) one and one-half (1.5) times the average of
Carr's previous three (3) years as Senior Vice President - Director of Human
Resources (or fewer years, if such employment is less than three (3) full years)
of Cash Compensation if such Qualifying Event occurs after Carr's first twelve
(12) months of employment as Senior Vice President - Director of Human Resources
with Bank; provided, however, that Bank shall not be obligated to pay any
portion of this amount if it would constitute an "excess parachute payment" as
defined in Section 280G of the Internal Revenue Code or such successor
provisions. In the event of a Qualifying Event pursuant to a Change in Control,
Carr will thereupon be considered one hundred percent (100%) vested with respect
to any unexercised options, warrants and restricted stock grants. As a condition
to the payment by Bank under this Section 1, Carr must first execute and deliver
to Bank, in a form prepared by Bank, a release of all claims against Bank,
Franklin Bancorp and other appropriate parties, excluding Bank's performance
under this Section 1 and of Carr's vested rights under Bank sponsored retirement
plans, 401(k) plans and stock ownership plans.

         For purposes of this Section 1, "Cash Compensation" means the total of
Carr's base salary and annual cash bonus paid only.

         For purposes of this Section 1, "Change in Control" means the
occurrence of any of the following:

         (a)      any "person" or "group" (as such terms are used in Sections
                  13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as
                  amended (the "Exchange Act"), other than a trustee or other
                  fiduciary under an employee benefit plan established or
                  maintained by Bank or Franklin Bancorp, is or becomes the
                  beneficial owner (within the meaning of Rule 13d-3 under the
                  Exchange Act), directly or indirectly, of securities of
                  Franklin Bancorp representing more than thirty percent (30%)
                  of the combined voting power of Franklin Bancorp's then
                  outstanding securities; provided, however, that such
                  acquisition of more than thirty percent (30%) of the combined
                  voting power of Franklin Bancorp's outstanding securities will
                  not constitute a Change in Control if the excess is acquired
                  in violation of law and the acquirer by court order,
                  settlement or otherwise disposes or is required to dispose of
                  all securities acquired in violation of law; or

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         (b)      upon the purchase of Franklin Bancorp's Common Stock pursuant
                  to a tender or exchange offer at the point which results in
                  the sale of more than thirty percent (30%) of the combined
                  voting power of Franklin Bancorp's then outstanding securities
                  (other than a tender or exchange offer initiated by Franklin
                  Bancorp or a trustee or other fiduciary under an employee
                  benefit plan established or maintained by Bank or Franklin
                  Bancorp); or

         (c)      upon consummation and closing of a transaction resulting in
                  (i) a merger or consolidation of Franklin Bancorp with or into
                  another institution, other than a merger or consolidation
                  which would result in the voting securities of Franklin
                  Bancorp outstanding immediately prior thereto continuing to
                  represent (either by remaining or by being converted into
                  voting securities of the surviving entity) more than fifty
                  percent (50%) of the combined voting power of the voting
                  securities of Franklin Bancorp or such surviving entity
                  outstanding immediately after such merger or consolidation);
                  or (ii) a sale, exchange, lease, mortgage, pledge, transfer,
                  or other disposition (in one transaction or a series of
                  related transactions) of all or substantially all of the
                  assets of Franklin Bancorp which shall include, without
                  limitation, the sale of assets or earning power aggregating
                  more than fifty percent (50%) of the assets or earning power
                  of Franklin Bancorp on a consolidated basis; or (iii) any
                  liquidation or dissolution of Franklin Bancorp; or (iv) any
                  reorganization, reverse stock split, or recapitalization of
                  Franklin Bancorp which would result in a Change in Control.

         For purposes of this Section 1, "Qualifying Event" means one of the
following events which occurs during the period commencing one hundred eighty
(180) days prior to the date of a Change in Control and ending on the first
anniversary of a Change in Control:

         (a)      the termination of Carr's employment by Bank without Cause (as
                  defined below);

         (b)      resignation from employment by Carr as the result of his
                  removal from the position of Senior Vice President of Human
                  Resources of Bank or the material and substantial reduction of
                  his duties in such position or the relocation of Carr from
                  Bank's current headquarters in Southfield to a location at
                  least fifty (50) miles away; or

         (c)      resignation from employment by Carr due to the reduction of
                  Carr's then current base salary or elimination of (i)
                  eligibility for an annual cash bonus, (ii) eligibility for
                  long term incentive compensation or (iii) any existing
                  Benefits (as defined below).

         For purposes of this Agreement, "Cause" shall consist of any of the
following:

         (a)      Carr's willful misrepresentation, fraud, willful dishonesty or
                  willful breach of a fiduciary duty which is intended to
                  result, or does result, in his or any person's or entity's
                  enrichment at the expense of Bank;

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<PAGE>

         (b)      willful misconduct; provided, however, that conduct by Carr in
                  good faith and/or ordinary negligence shall not be considered
                  "Cause")

         (c)      failure to perform Carr's duties or failure to follow any
                  written policy or directive of the Board of Directors of Bank
                  or Franklin Bancorp, any of which is not remedied by Carr
                  after receipt by him of a written notice from Bank's President
                  and CEO and/or the Board of Directors of Bank or Franklin
                  Bancorp specifying the required action and the time period
                  within which the action must be taken, which period shall not
                  be less than three (3) days;

         (d)      willful violation of any law, rule or regulation relating to
                  the operation of Bank or any of its subsidiaries or
                  affiliates;

         (e)      the order of any court or supervising governmental agency with
                  jurisdiction over the affairs of Bank or any subsidiary or
                  affiliate;

         (f)      if Carr has a written employment agreement with Bank, his
                  willful violation of any provision thereof;

         (g)      Carr's conviction or no contest plea to a felony or crime
                  involving moral turpitude;

         (h)      abuse of illegal drugs or other controlled substances or
                  habitual intoxication; or

         (i)      willful violation by Carr of Bank's published business conduct
                  guidelines, code of ethics, conflict of interest or other
                  similar policies.

         For purposes of this Agreement, "Benefits" means all Bank sponsored
retirement plans, 401(k) plans, life insurance plans, medical insurance plans,
disability insurance plans, employee stock ownership plans and such other
benefit plans generally available from time to time to other executive employees
of Bank or Franklin Bancorp for which Carr qualifies under the terms of the
plans.

         The parties have executed this Agreement as of the Effective Date.

WITNESS:

-----------------------------------          -----------------------------------
                                                    Ronald J. Carr

                                             FRANKLIN BANK, NATIONAL ASSOCIATION
-----------------------------------

                                             By
                                               ---------------------------------
                                                    David L. Shelp
                                             Its    President and CEO

                                       3<PAGE>
                                                                   EXHIBIT 10.23

                           CHANGE-IN-CONTROL AGREEMENT

         This Change-in-Control Agreement ("Agreement") is entered into as of
______________, 2003 ("Effective Date") between Franklin Bank, National
Association ("Bank") and Michael A. King ("King").

         IT IS AGREED as follows:

         1. SEPARATION FROM EMPLOYMENT DUE TO CHANGE IN CONTROL. In the event of
a Qualifying Event pursuant to a Change in Control (as those terms are defined
below), Bank will pay to King an amount equal to (a) one (1.0) times King's Cash
Compensation for the year, if such Qualifying Event occurs during the first
twelve (12) months of King's employment with Bank or (b) one and one-half (1.5)
times the average of King's previous three (3) years (or fewer years, if
employment is less than three (3) full years) of Cash Compensation if such
Qualifying Event occurs after King's first twelve (12) months of employment with
Bank; provided, however, that Bank shall not be obligated to pay any portion of
this amount if it would constitute an "excess parachute payment" as defined in
Section 280G of the Internal Revenue Code or such successor provisions. In the
event of a Qualifying Event pursuant to a Change in Control, King will thereupon
be considered one hundred percent (100%) vested with respect to any unexercised
options, warrants and restricted stock grants. As a condition to the payment by
Bank under this Section 1, King must first execute and deliver to Bank, in a
form prepared by Bank, a release of all claims against Bank, Franklin Bancorp
and other appropriate parties, excluding Bank's performance under this Section 1
and of King's vested rights under Bank sponsored retirement plans, 401(k) plans
and stock ownership plans.

         For purposes of this Section 1, "Cash Compensation" means the total of
King's base salary and annual cash bonus paid only.

         For purposes of this Section 1, "Change in Control" means the
occurrence of any of the following:

         (a)      any "person" or "group" (as such terms are used in Sections
                  13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as
                  amended (the "Exchange Act"), other than a trustee or other
                  fiduciary under an employee benefit plan established or
                  maintained by Bank or Franklin Bancorp, is or becomes the
                  beneficial owner (within the meaning of Rule 13d-3 under the
                  Exchange Act), directly or indirectly, of securities of
                  Franklin Bancorp representing more than thirty percent (30%)
                  of the combined voting power of Franklin Bancorp's then
                  outstanding securities; provided, however, that such
                  acquisition of more than thirty percent (30%) of the combined
                  voting power of Franklin Bancorp's outstanding securities will
                  not constitute a Change in Control if the excess is acquired
                  in violation of law and the acquirer by court order,
                  settlement or otherwise disposes or is required to dispose of
                  all securities acquired in violation of law; or

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<PAGE>

         (b)      upon the purchase of Franklin Bancorp's Common Stock pursuant
                  to a tender or exchange offer at the point which results in
                  the sale of more than thirty percent (30%) of the combined
                  voting power of Franklin Bancorp's then outstanding securities
                  (other than a tender or exchange offer initiated by Franklin
                  Bancorp or a trustee or other fiduciary under an employee
                  benefit plan established or maintained by Bank or Franklin
                  Bancorp); or

         (c)      upon consummation and closing of a transaction resulting in
                  (i) a merger or consolidation of Franklin Bancorp with or into
                  another institution, other than a merger or consolidation
                  which would result in the voting securities of Franklin
                  Bancorp outstanding immediately prior thereto continuing to
                  represent (either by remaining or by being converted into
                  voting securities of the surviving entity) more than fifty
                  percent (50%) of the combined voting power of the voting
                  securities of Franklin Bancorp or such surviving entity
                  outstanding immediately after such merger or consolidation);
                  or (ii) a sale, exchange, lease, mortgage, pledge, transfer,
                  or other disposition (in one transaction or a series of
                  related transactions) of all or substantially all of the
                  assets of Franklin Bancorp which shall include, without
                  limitation, the sale of assets or earning power aggregating
                  more than fifty percent (50%) of the assets or earning power
                  of Franklin Bancorp on a consolidated basis; or (iii) any
                  liquidation or dissolution of Franklin Bancorp; or (iv) any
                  reorganization, reverse stock split, or recapitalization of
                  Franklin Bancorp which would result in a Change in Control.

         For purposes of this Section 1, "Qualifying Event" means one of the
following events which occurs during the period commencing one hundred eighty
(180) days prior to the date of a Change in Control and ending on the first
anniversary of a Change in Control:

         (a)      the termination of King's employment by Bank without Cause (as
                  defined below);

         (b)      resignation from employment by King as the result of his
                  removal from the position of Senior Vice President of Retail
                  Operations of Bank or the material and substantial reduction
                  of his duties in such position or the relocation of King from
                  Bank's current headquarters in Southfield to a location at
                  least fifty (50) miles away; or

         (c)      resignation from employment by King due to the reduction of
                  King's then current base salary or elimination of (i)
                  eligibility for an annual cash bonus, (ii) eligibility for
                  long term incentive compensation or (iii) any existing
                  Benefits (as defined below).

         For purposes of this Agreement, "Cause" shall consist of any of the
following:

         (a)      King's willful misrepresentation, fraud, willful dishonesty or
                  willful breach of a fiduciary duty which is intended to
                  result, or does result, in his or any person's or entity's
                  enrichment at the expense of Bank;

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<PAGE>

         (b)      willful misconduct; provided, however, that conduct by King in
                  good faith and/or ordinary negligence shall not be considered
                  "Cause");

         (c)      failure to perform King's duties or failure to follow any
                  written policy or directive of the Board of Directors of Bank
                  or Franklin Bancorp, any of which is not remedied by King
                  after receipt by him of a written notice from Bank's President
                  and CEO and/or the Board of Directors of Bank or Franklin
                  Bancorp specifying the required action and the time period
                  within which the action must be taken, which period shall not
                  be less than three (3) days;

         (d)      willful violation of any law, rule or regulation relating to
                  the operation of Bank or any of its subsidiaries or
                  affiliates;

         (e)      the order of any court or supervising governmental agency with
                  jurisdiction over the affairs of Bank or any subsidiary or
                  affiliate;

         (f)      if King has a written employment agreement with Bank, his
                  willful violation of any provision thereof;

         (g)      King's conviction or no contest plea to a felony or crime
                  involving moral turpitude;

         (h)      abuse of illegal drugs or other controlled substances or
                  habitual intoxication; or

         (i)      willful violation by King of Bank's published business conduct
                  guidelines, code of ethics, conflict of interest or other
                  similar policies.

         For purposes of this Agreement, "Benefits" means all Bank sponsored
retirement plans, 401(k) plans, life insurance plans, medical insurance plans,
disability insurance plans, employee stock ownership plans and such other
benefit plans generally available from time to time to other executive employees
of Bank or Franklin Bancorp for which King qualifies under the terms of the
plans.

         The parties have executed this Agreement as of the Effective Date.

WITNESS:

---------------------------------            -----------------------------------
                                             Michael A. King

                                             FRANKLIN BANK, NATIONAL ASSOCIATION
---------------------------------

                                             By
                                               ---------------------------------
                                                    David L. Shelp
                                             Its    President and CEO

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