Document:

Exhibit 10.13  SPLIT DOLLAR AGREEMENT

THIS  AGREEMENT,  made as of the  21st day of  November,  2000,  by and  between
SALISBURY  BANK &  TRUST  COMPANY  with  its  principal  offices  in  Salisbury,
Connecticut (hereinafter referred to as the "Trustee"), and JEROME J. WHALEN, of
Litchfield, Connecticut (hereinafter referred to as the "Employee").

                                WITNESSETH THAT:

         WHEREAS,  the  Trustee is holding in trust,  pursuant  to a Rabbi Trust
established by The First National Bank of Litchfield, dated November 21, 2000, a
life  insurance  policy on the life of the  Employee  as listed  in  Schedule  A
attached hereto (hereinafter referred to as the "Policy"), which was contributed
into the Rabbi Trust by The First National Bank of Litchfield; and

         NOW,  THEREFORE,  the Trustee agrees to make the Policy subject to this
Agreement as follows:

          1.      The parties  hereto  agree that the Policy shall be subject to
                  the terms and conditions of this Agreement.  The Trustee shall
                  be the sole and absolute  owner of the Policy and may exercise
                  all ownership rights granted to the owner thereof by the terms
                  of the Policy, except as may be otherwise provided herein.

          2.      Dividends,  if any, declared on the Policy shall be applied to
                  purchase  paid-up  additional  insurance  on the  life  of the
                  Employee.  The parties hereto agree that the dividend election
                  provisions,  if  any,  of  the  Policy  shall  conform  to the
                  provisions hereof.

          3.      The premium for the Policy becoming due after the date of this
                  Agreement  will be paid by the Trustee  during the  Employee's
                  employment by The First  National Bank of Litchfield  and will
                  be  allocated   between  the  Employee  and  the  Trust.   The
                  Employee's  share of the premium (term  insurance  allocation)
                  shall be paid by the  Trustee  as agent for the  Employee  and
                  shall  be  charged  to  the   Employee  as   additional   cash
                  compensation.

          4.      The Policy shall be an asset of the Trust. The Employee has no
                  rights  under  the  Policy  other  than  to  name  one or more
                  beneficiaries  for his  share  of the  death  benefit  and the
                  manner in which such share of the death benefit shall be paid.

          5.      a.       Upon the death of the  Employee,  the  Trustee  shall
                           promptly take all action  necessary to facilitate the
                           payment  of the  death  benefits  provided  under the
                           Policy.

                  b.       The  Employee  shall  have the  unqualified  right to
                           designate  a  personal   beneficiary  for  the  first
                           $250,000 of death benefit or the entire proceeds,  if
                           less,  provided by the Policy.  Said amount  shall be
                           paid  directly by the insurer to the  beneficiary  or
                           beneficiaries  and  in a  manner  designated  by  the
                           Employee.  The balance of the death benefit under the
                           Policy  shall be paid  directly by the insurer to the
                           Trustee.

          6.      This  Agreement  shall  terminate  upon the  occurrence of the
                  earliest of the following events: (i) the Employee's death and
                  the  payment  of  proceeds  pursuant  to  Section  5  of  this
                  Agreement,  or  (ii)  the  termination  of  employment  of the
                  Employee for any reason other than death.

          7.      This Agreement may not be amended,  altered or modified except
                  by a written  instrument  signed by both of the parties hereto
                  and may not be otherwise terminated except as provided herein.

          8.      This Agreement  shall be binding upon and inure to the benefit
                  of  the  Trustee  and  its   successors,   assignees,   heirs,
                  executors, administrators and beneficiaries.

          9.      Except as may be preempted by ERISA,  this Agreement,  and the
                  rights of the  parties  hereunder,  shall be  governed  by and
                  construed  in  accordance  with  the  laws  of  the  State  of
                  Connecticut.

                                      -47-
<PAGE>

         IN WITNESS  WHEREOF,  the  Trustee  has  caused  this  Agreement  to be
executed by its officer  thereunto duly authorized and the Employee has hereunto
set his hand all as of the day and year first above written.

                                    TRUSTEE:
                                    SALISBURY BANK & TRUST COMPANY

                                                     By: /s/Craig E. Toensing
                                                         --------------------
                                                         Craig E. Toensing

                                                  Title: Senior Vice President

                                    EMPLOYEE:

                                                        /s / Jerome J. Whalen
                                                        ---------------------
                                                        Jerome J. Whalen

         SCHEDULE A
         ----------

Insurance Carrier                 Policy No.            Initial Face Amount
---------------------------------------------------------------------------
Security Life of Denver             1538084                    $623,000

                                      -48-10.14    TRUST AGREEMENT ("RABBI TRUST")
         -------------------------------

THIS  AGREEMENT  made this 21st day of November,  2000, by and between THE FIRST
NATIONAL  BANK OF  LITCHFIELD  ("Company")  and  SALISBURY  BANK & TRUST COMPANY
("Trustee").

W I T N E S S E T H:

         WHEREAS,  Company has adopted the  nonqualified  deferred  compensation
Plan as listed in Appendix A (the "Plan");

         WHEREAS,  Company has incurred or expects to incur  liability under the
terms of the Plan with respect to the individual participating in the Plan;

         WHEREAS,  Company  wishes  to  establish  a trust  (hereinafter  called
"Trust")  and to  contribute  to the Trust  assets  that shall be held  therein,
subject  to the  claims  of  Company's  creditors  in  the  event  of  Company's
Insolvency,  as  herein  defined,  until  paid to Plan  participants  and  their
beneficiaries in such manner and at such times as specified in the Plan;

         WHEREAS,  it is the  intention  of the  parties  that this Trust  shall
constitute an unfunded  arrangement  and shall not affect the status of the Plan
as  an  unfunded  plan   maintained  for  the  purpose  of  providing   deferred
compensation  for a select group of management or highly  compensated  employees
for the purposes of Title I of the Employee  Retirement  Income  Security Act of
1974; and

         WHEREAS, it is the intent of Company to make contributions to the Trust
to  provide  itself  with a source of funds to assist it in the  meeting  of its
liabilities under the Plan;

         NOW,  THEREFORE,  the parties do hereby  establish  the Trust and agree
that the Trust shall be comprised, held and disposed of as follows:

         Section 1.  Establishment of Trust.
         ----------------------------------

         a. Company hereby  deposits with Trustee in trust an amount  determined
in accordance  with Section (b) hereof,  which shall become the principal of the
Trust to be held,  administered  and  disposed of by Trustee as provided in this
Trust Agreement.

         b. Prior to the  establishment of this Trust, and annually  thereafter,
an independent actuarial or pension consulting firm retained by the Company (the
"Trust  Actuary")  shall  determine with respect to each  Participant the annual
amount  which,  if made each year through the year in which the  Participant  is
assumed  to  retire  (which  assumed  date  will be the  later  of age 65 or the
attained age of the Participant),  will fully fund such  Participant's  benefits
under the Plan. Such amount shall be determined, and contributed by the Company,
upon the  establishment  of this Trust,  pursuant to Section  1(a)  hereof,  and
annually  thereafter on or around the  anniversary of the  establishment  of the
Trust.

         c.       The Trust hereby established shall be irrevocable.

         d. The Trust is intended to be a grantor trust, of which Company is the
grantor,  within the  meaning of subpart  E, part I,  subchapter  J,  chapter 1,
subtitle  A of the  Internal  Revenue  Code of 1986,  as  amended,  and shall be
construed accordingly.

         e. The principal of the Trust,  and any earnings  thereon shall be held
separate and apart from other funds of Company and shall be used exclusively for
the uses and purposes of Plan  participants and general  creditors as herein set
forth. Plan participants and their  beneficiaries  shall have no preferred claim
on, or any beneficial ownership interest in, any assets of the trust. Any rights
created  under  the Plan  and  this  Trust  Agreement  shall  be mere  unsecured
contractual rights of Plan participants and their beneficiaries against Company.
Any assets held by the Trust will be subject to the claims of Company's  general
creditors under federal and state law in the event of Insolvency,  as defined in
Section 3(a) herein.

         f. Company,  in its sole  discretion,  may at any time, or from time to
time, make additional  deposits of cash or other property in trust with Trustees
to augment the principal to be held,  administered and disposed of by Trustee as
provided in this Trust  Agreement.  Neither Trustee nor any Plan  participant or
beneficiary shall have any right to compel such additional deposits.

         g. Upon a Change of Control, Company shall, as soon as possible, but in
no event  longer  than  ninety (90) days  following  the Change of  Control,  as
defined herein, make an irrevocable  contribution to the Trust in an amount that
is sufficient to pay each Plan  participant or beneficiary the benefits to which
Plan participants or their beneficiaries would be entitled pursuant to the terms
of the Plan as of the date on which the Change of Control occurred. For purposes
of this Trust, Change of Control shall mean the purchase or other acquisition by
any person,  entity or group of persons,  within the meaning of section 13(d) or
14(d)  of  the  Securities  Exchange  Act of  1934  ("Act"),  or any  comparable
successor provisions,  of beneficial ownership

                                      -49-
<PAGE>

(within  the meaning of Rule 13d-3  promulgated  under the Act) of 30 percent or
more of either the  outstanding  shares of common stock or the  combined  voting
power  of  Company's  then  outstanding  voting  securities   entitled  to  vote
generally,  or the approval by the  stockholders of Company of a  reorganization
merger, or  consolidation,  in each case, with respect to which persons who were
stockholders  of Company  immediately  prior to such  reorganization,  merger or
consolidation do not,  immediately  thereafter,  own more than 50 percent of the
combined voting power entitled to vote generally in the election of directors of
the reorganize, merged or consolidated Company's then outstanding securities, or
a liquidation or  dissolution of Company or of the sale of all or  substantially
all of the Company's assets. For purposes of this Trust, any "Change of Control"
(as such term is  defined  herein)  of First  Litchfield  Financial  Corp.,  the
holding company of Company, shall be deemed a Change of Control of Company.

         Section 2.  Payments to Plan Participants and Their Beneficiaries.
         -----------------------------------------------------------------

         a. Company  shall  deliver to Trustee,  and  periodically  update where
necessary  to  maintain  accuracy,  a schedule  (the  "Payment  Schedule")  that
indicates the amounts  payable in respect of each Plan  participant  (and his or
her beneficiaries)  that provides a formula or other instructions  acceptable to
Trustee for determining the amounts so payable, the form in which such amount is
to be  paid as  provided  for or  available  under  the  Plan,  and the  time of
commencement for payment of such amounts.  Except as otherwise  provided herein,
Trustee shall make payments to the Plan participants and their  beneficiaries in
accordance with such Payment Schedule. The Trustee shall make provisions for the
reporting  and  withholding  of any  federal,  state or local  taxes that may be
required to be withheld with respect to the payment of benefits  pursuant to the
terms of the Plan and shall  pay  amounts  withheld  to the  appropriate  taxing
authorities or determine that such amounts have been reported, withheld and paid
by Company.

         b. The entitlement of a Plan participant or his or her beneficiaries to
benefits under the Plan shall be determined by Company or such party as it shall
designate  under the Plan,  and any claim for such benefits  shall be considered
and reviewed under the procedures set out in the Plan.

         c. Company may make payment of benefits  directly to Plan  participants
or their  beneficiaries as they become due under the terms of the Plan.  Company
shall notify Trustee of its decision to make payment of benefits  directly prior
to the time  amounts  are payable to  participants  or their  beneficiaries.  In
addition,  if the principal of the Trust and earnings thereon are not sufficient
to make payments of benefits in accordance  with the terms of the Plan,  Company
shall make the  balance of each such  payment  as it falls  due.  Trustee  shall
notify Company where principal and earnings are not sufficient.

Section 3. Trustee Responsibility Regarding Payments to Trust Beneficiary When
------------------------------------------------------------------------------
Company Is Insolvent
--------------------

         a. Trustee  shall cease  payment of benefits to Plan  participants  and
their  beneficiaries  if the Company is  Insolvent.  Company shall be considered
"insolvent" for purposes of this Trust Agreement if (i) Company is unable to pay
its debts as they become due, or (ii) Company is subject to a pending proceeding
as s debtor  under the  United  States  Bankruptcy  Code,  or (iii)  Company  is
determined to be insolvent by the Connecticut Banking Commissioner or such other
bank regulatory or bank insurance agency having  jurisdiction over the Company's
affairs.

         b. At all times during the  continuance  of this Trust,  as provided in
Section 1(d) hereof,  the  principal and income of the Trust shall be subject to
claims of general  creditors of Company under federal and state law as set forth
below.

                  1. The Board of Directors and the Chief  Executive  Officer of
Company  shall  have  the  duty  to  inform  Trustee  in  writing  of  Company's
insolvency.  If a person claiming to be a creditor of Company alleges in writing
to Trustee that Company has become  insolvent,  Trustee shall determine  whether
Company is Insolvent and, pending such determination, Trustees shall discontinue
payment of benefits to Plan participants of their beneficiaries.

                  2.  Unless   Trustee  has  actual   knowledge   of   Company's
insolvency,  or has received  notice from  Company or a person  claiming to be a
creditor  alleging  that  Company is  Insolvent,  Trustee  shall have no duty to
inquire  whether  Company is  Insolvent.  Trustee may in all events rely on such
evidence  concerning  Company's solvency as may be furnished to Trustee and that
provides Trustee with a reasonable  basis for making a determination  concerning
Company's solvency.

                  3. If at any time  Trustee  has  determined  that  Company  is
insolvent,  Trustee shall  discontinue  payments to Plan  participants  or their
beneficiaries  and  shall  hold the  assets  of the  Trust  for the  benefit  of
Company's  general  creditors.  Nothing in this Trust Agreement shall in any way
diminish any rights of Plan participants or their  beneficiaries to pursue their
rights as general  creditors  of Company  with respect to benefits due under the
Plan or otherwise.

                  4.  Trustee  shall  resume  the  payment of  benefits  to Plan
participants or their  beneficiaries  in accordance with Section 2 of this Trust
Agreement only after Trustee has determined that Company is not insolvent (or is
no longer insolvent).

                                      -50-
<PAGE>

         c. Provided that there are sufficient  assets, if Trustee  discontinues
the  payment of  benefits  from the Trust  pursuant  to Section  3(b) hereof and
subsequently   resumes  such   payments,   the  first  payment   following  such
discontinuance  shall include the  aggregate  amount of all payments due to Plan
participants or their  beneficiaries  under the terms of the Plan for the period
of such  discontinuance,  less the aggregate amount of any payments made to Plan
participants or their  beneficiaries by Company in lieu of the payments provided
for hereunder during any such period of discontinuance.

         Section 4. Payments to Company. Except as provided in Section 3 hereof,
Company  shall have no right or power to direct  Trustee to return to Company or
to divert to others any of the Trust assets  before all payment of benefits have
been made to Plan participants and their beneficiaries  pursuant to the terms of
the Plan.

         Section 5.  Investment Authority.
         --------------------------------

         a. In no event may Trustee  invest in  securities  (including  stock or
rights to  acquire  stock) or  obligations  issued by  Company,  other than a de
minimis amount held in common investment vehicles in which Trustee invests.  All
rights  associated with assets of the Trust shall be exercised by Trustee or the
person  designated by Trustee,  and shall in no event be  exercisable by or rest
with Plan participants.

         Company shall have the right, at any time, and from time to time in its
sole discretion,  to substitute  assets of equal fair market value for any asset
held by the Trust.

         Section 6.  Disposition of Income.  During the term of this Trust,  all
income  received by the Trust,  net of expenses and taxes,  shall be accumulated
and reinvested.

         Section 7.  Accounting  by Trustee.  Trustee  shall keep  accurate  and
detailed  records of all  investments,  receipts,  disbursements,  and all other
transactions  required to be made,  including such specific  records as shall be
agreed upon in writing  between  Company  and  Trustee.  Within  sixty (60) days
following  the close of each calendar year and within ninety (90) days after the
removal or  resignation  of Trustee,  Trustee shall deliver to Company a written
account of its administration of the Trust during such year or during the period
from the  close  of the  last  preceding  year to the  date of such  removal  or
resignation,  setting forth all investments,  receipts,  disbursements and other
transactions  effected by it,  including a  description  of all  securities  and
investments  purchased and sold with the cost or net proceeds of such  purchases
or sales  (accrued  interest paid or  receivable  being shown  separately),  and
showing all cash,  securities and other property held in the Trust at the end of
such year or as of the date of such removal or resignation, as the case may be.

         Section 8.  Responsibility of Trustee.
         -------------------------------------

         a. Trustee shall act with the care, skill, prudence and diligence under
the circumstances  then prevailing that a prudent person acting in like capacity
and familiar  with such matters  would use in the conduct of an  enterprise of a
like character and with like aims, provided,  however,  that Trustee shall incur
no liability to any person for any action taken pursuant to a direction, request
or approval given by Company which is contemplated  by, and in conformity  with,
the terms of the Plan of this Trust and is given in writing by  Company.  In the
event of a dispute between Company and a party,  Trustee may apply to a court of
competent jurisdiction to resolve the dispute.

         b.  If  Trustee   undertakes  or  defends  any  litigation  arising  in
connection  with  this  Trust,  Company  agrees  to  indemnify  Trustee  against
Trustee's  costs,  expenses  and  liabilities  (including,  without  limitation,
attorneys' fees and expenses)  relating  thereto and to be primarily  liable for
such payments. If Company does not pay such costs, expenses and liabilities in a
reasonably timely manner, Trustee may obtain payment from the Trust.

         c. Trustee may consult with legal  counsel (who may also be counsel for
Company generally) with respect to any of its duties or obligations hereunder.

         d.  Trustee  may  hire  agents,  accountants,   actuaries,   investment
advisors,  financial  consultants or other professionals to assist in performing
any of its duties or obligations hereunder.

         e.  Trustee  shall have,  without  exclusion,  all powers  conferred on
trustees  by  applicable  law,  unless  expressly   provided  otherwise  herein,
provided, however, that if an insurance policy is held as an asset of the Trust,
Trustee shall have no power to name a  beneficiary  of the policy other than the
Trust,  to assign the policy (as  distinct  from  conversion  of the policy to a
different form) other than to a successor Trustee,  or to loan to any person the
proceeds of any borrowing against such policy.

         f.  However,  notwithstanding  the  provisions  of Section  8(e) above,
Trustee  may loan to the  Company  the  proceeds  of any  borrowing  against  an
insurance policy held as an asset of the Trust.

                                      -51-
<PAGE>

         g. Notwithstanding any powers granted to Trustee pursuant to this Trust
Agreement or to applicable law, Trustee shall not have any power that could give
this Trust the  objective  or  carrying  on a business  and  dividing  the gains
therefrom,  within the  meaning  of  section  301.7701-2  of the  Procedure  and
Administrative Regulations promulgated pursuant to the Internal Revenue Code.

         Section 9. Compensation and Expenses of Trustee.  Company shall pay all
administrative  and Trustee's  fees and expenses.  If not so paid,  the fees and
expenses shall be paid from the Trust.

         Section 10.  Resignation and Removal of Trustee.
         -----------------------------------------------

         a. Trustee may resign at any time by written  notice to Company,  which
shall be effective  ninety (90) days after receipt of such notice unless Company
and Trustee agree otherwise.

         b. Trustee may be removed by Company on thirty (30) days notice or upon
shorter notice accepted by Trustee.

         c.  Upon  resignation  or  removal  of  Trustee  and  appointment  of a
successor Trustee, all assets shall subsequently be transferred to the successor
Trustee.  The transfer shall be completed  within thirty (30) days after receipt
of notice of resignation,  removal or transfer,  unless Company extends the time
limit.

         d. If Trustee resigns or is removed, a successor shall be appointed, in
accordance  with Section 11 hereof,  by the  effective  date of  resignation  or
removal under  paragraph(s)  (a) or (b) of this section.  If no such appointment
has been  made,  Trustee  may  apply to a court of  competent  jurisdiction  for
appointment  of a  successor  or for  instructions.  All  expenses of Trustee in
connection with the proceeding  shall be allowed as  administrative  expenses of
the Trust.

         Section 11.  Appointment of Successor.
         -------------------------------------

         a. If Trustee resigns or is removed in accordance with Section 10(a) or
(b) hereof, Company may appoint any third party, such as a bank trust department
or other party that may be granted  corporate trustee powers under state law, as
a successor to replace  Trustee upon  resignation  or removal.  The  appointment
shall be effective  when accepted in writing by the new Trustee,  who shall have
all of the rights and powers of the former Trustee,  including  ownership rights
of the Trust assets.  The former Trustee shall execute any instrument  necessary
or  reasonably  requested  by Company or the  successor  Trustee to evidence the
transfer.

         b. The  successor  Trustee need not examine the records and acts of any
prior  Trustee and may retain or dispose of existing  Trust  assets,  subject to
Sections 7 and 8 hereof.  The successor Trustee shall not be responsible for and
Company  shall  indemnify  and defend the  successor  Trustee  from any claim or
liability resulting from any action or inaction of any prior Trustee or from any
other past event,  or any  condition  existing at the time it becomes  successor
Trustee.

         Section 12.  Amendment or Termination.
         -------------------------------------

         a.  This  Trust may be  amended  by a written  instrument  executed  by
Trustee and Company.  Notwithstanding  the foregoing,  no such  amendment  shall
conflict with the terms of the Plan or shall make the Trust  revocable  after it
has become irrevocable in accordance with Section 1(c) hereof.

         b.  The  Trust  shall  not  terminate  until  the  date on  which  Plan
participants and their beneficiaries are no longer entitled to benefits pursuant
to the terms of the Plan. Upon  termination of the Trust any assets remaining in
the Trust shall be returned to Company.

         c. Upon written approval of participants or  beneficiaries  entitled to
payment of  benefits  pursuant to the terms of the Plan,  Company may  terminate
this Trust prior to the time all benefit payments under the Plan have been made.
All assets in the Trust at termination shall be returned to the Company.

         Section 13.  Miscellaneous.
         --------------------------

         a. Any  provision of this Trust  Agreement  prohibited  by law shall be
ineffective  to the extent of any such  prohibition,  without  invalidating  the
remaining provisions hereof.

         b. Benefits payable to Plan participants and their  beneficiaries under
this  Trust  Agreement  may not be  anticipated,  assigned  (either at law or in
equity), alienated, pledged, encumbered or subjected to attachment, garnishment,
levy, execution or other legal or equitable process.

                                      -52-
<PAGE>

         c.  This  Trust  Agreement  shall  be  governed  by  and  construed  in
accordance with the laws of the State of Connecticut.

         Section 14.  Effective Date. The effective date of this Trust Agreement
shall be November 21, 2000.

         IN WITNESS  WHEREOF,  the Parties  hereunto  have  executed  this Trust
Agreement the 21st day of November, 2000.

ATTEST:                               COMPANY:
                                      THE FIRST NATIONAL BANK OF LITCHFIELD

/s/   George M. Madsen                 BY:    /s/ Ernest W. Clock
-----------------------                       -------------------
Name: George M. Madsen                        Ernest W. Clock
                                       Its
                                       Duly Authorized Chairman

                                       TRUSTEE:
                                       SALISBURY BANK & TRUST
COMPANY

/s/   John F. Perotti                   BY:   /s/ Craig E. Toensing
---------------------                         ---------------------
Name: John F. Perotti                         Craig E. Toensing
                                        Its Senior Vice President
                                        Duly Authorized

                                   APPENDIX A
                                   ----------

Executive Supplemental Compensation Agreement between The First National Bank of
Litchfield and Jerome Whalen dated November 21, 2000.

                                      -53-

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