Document:

<PAGE>

                    SECOND EXECUTIVE SUPPLEMENTAL RETIREMENT
                                INCOME AGREEMENT
                                       FOR
                                 EDWARD FISCHER

                       DEARBORN SAVINGS ASSOCIATION, F.A.

                                   MAY 1, 1999

                  FINANCIAL INSTITUTION CONSULTING CORPORATION
                          700 COLONIAL ROAD, SUITE 260
                            MEMPHIS, TENNESSEE 38117
                              WATS: 1-800-873-0089
                               FAX: (901) 684-7411
                                 (901) 684-7400

<PAGE>

                    SECOND EXECUTIVE SUPPLEMENTAL RETIREMENT
                       INCOME AGREEMENT FOR EDWARD FISCHER

        This Second Executive Supplemental Retirement Income Agreement (the
"Agreement"), effective as of the 1st day of May, 1999, formalizes the
understanding by and between DEARBORN SAVINGS ASSOCIATION, F.A. (the
"Association"), a federal, stock savings association having its principal place
of business in Indiana, and EDWARD FISCHER (hereinafter referred to as
"Executive"). DEARBORN MUTUAL HOLDING COMPANY (the "Holding Company") is a party
to this Plan for the sole purpose of guaranteeing the Association's performance
hereunder.

                              W I T N E S S E T H :

        WHEREAS, the Executive is employed by the Association; and

        WHEREAS, the Association recognizes the valuable services heretofore
performed by the Executive and wishes to encourage his continued employment; and

        WHEREAS, the Executive wishes to be assured that he will be entitled to
a certain amount of additional compensation for some definite period of time
from and after retirement from active service with the Association or other
termination of employment and wishes to provide his beneficiary with benefits
from and after death; and

        WHEREAS, the Association and the Executive wish to provide the terms and
conditions upon which the Association shall pay such additional compensation to
the Executive after retirement or other termination of employment and/or death
benefits to his beneficiary after death; and

        WHEREAS, the Association and the Executive intend this Agreement to be
considered an unfunded arrangement, maintained primarily to provide supplemental
retirement income for such Executive, a member of a select group of management
or highly compensated employees of the Association, for tax purposes and for
purposes of the Employee Retirement Income Security Act of 1974, as amended; and

        WHEREAS, the Association has adopted this Second Executive Supplemental
Retirement Income Agreement which controls all issues relating to benefits as
described herein;

<PAGE>

        NOW, THEREFORE, in consideration of the premises and of the mutual
promises herein contained, the Association and the Executive agree as follows:

                              SECTION IDEFINITIONS

        When used herein, the following words and phrases shall have the
meanings below unless the context clearly indicates otherwise:

1.1     "Accrued Benefit Account" means that portion of the Supplemental
        Retirement Income Benefit which is required to be expensed and accrued
        under generally accepted accounting principles (GAAP) by any appropriate
        method which the Association's Board of Directors may require in the
        exercise of its sole discretion.

1.2     "Act" means the Employee Retirement Income Security Act of 1974, as
        amended from time to time.

1.3     "Administrator" means the Association.

1.4     "Association" means DEARBORN SAVINGS ASSOCIATION, F.A. and any successor
        thereto.

1.5     "Beneficiary" means the person or persons (and their heirs) designated
        as Beneficiary in Exhibit A of this Agreement to whom the deceased
        Executive's benefits are payable. If no Beneficiary is so designated,
        then the Executive's Spouse, if living, will be deemed the Beneficiary.
        If the Executive's Spouse is not living, then the Children of the
        Executive will be deemed the Beneficiaries and will take on a per
        stirpes basis. If there are no Children, then the Estate of the
        Executive will be deemed the Beneficiary.

1.6     "Benefit Age" means the Executive's sixty-second (62nd) birthday; or,
        the Executive may, in his sole discretion, elect to retire upon
        attainment of any date beginning at age sixty (60) up through to and
        including sixty-one (61) and, in such event, the Executive's age on such

                                        3
<PAGE>

        date shall constitute his "Benefit Age," in which case the Supplemental
        Retirement Income Benefit shall be modified in accordance with
        Subsection 1.21.

1.7     "Benefit Eligibility Date" means the date on which the Executive is
        entitled to receive the maximum Supplemental Retirement Income Benefit
        available under this plan. It shall be the first day of the month
        following the month in which the Executive attains his Benefit Age.

1.8     "Board of Directors" means the board of directors of the Association.

1.9     "Cause" means personal dishonesty, willful misconduct, willful
        malfeasance, breach of fiduciary duty involving personal profit,
        intentional failure to perform stated duties, willful violation of any
        law, rule, regulation (other than traffic violations or similar
        offenses), or final cease-and-desist order, material breach of any
        provision of this Agreement, or gross negligence in matters of material
        importance to the Association.

1.10    "Change in Control" of the Holding Company or the Association shall mean
        the first to occur of any of the following events:

        (a)     Any person or entity or group of affiliate persons or entities
                (other than the Holding Company) becomes a beneficial owner,
                directly or indirectly, of 25% or more of the Holding Company's
                and/or the Association's voting securities or all or
                substantially all of the assets of Holding Company and/or the
                Association.

        (b)     Holding Company and/or the Association enters into a definitive
                agreement which contemplates the merger, consolidation or
                combination of either Holding Company or the Association with an
                unaffiliated entity in which either or both of the following is
                to occur: (i) the directors of Holding Company and/or
                Association, as applicable, immediately prior to such merger,
                consolidation or combination will constitute less than a
                majority of the board of directors of the surviving, new or
                combined entity; or (ii) less than 75% of the outstanding voting
                securities of the surviving, new or combined entity will be
                beneficially owned by the stockholders of Holding Company or
                immediately prior to such merger, consolidation or combination;
                PROVIDED, HOWEVER, that if any definitive agreement to merge,
                consolidate or combine is

                                       4
<PAGE>

                terminated without consummation of the transaction, then no
                Change in Control shall be deemed to have occurred pursuant to
                this paragraph (b).

        (c)     Holding Company and/or the Association enters into a definitive
                agreement which contemplates the transfer of all or
                substantially all of Holding Company's and/or the Association's
                assets, other than to a wholly-owned subsidiary of Holding
                Company; PROVIDED, HOWEVER, that if any definitive agreement to
                transfer assets is terminated without consummation of the
                transfer, then no Change in Control shall be deemed to have
                occurred pursuant to this paragraph (c).

        (d)     A majority of the members of the Board of Directors of either
                Holding Company or the Association shall be persons who: (i)
                were not members of such Board on the date hereof ("current
                members"); and (ii) were not nominated by a vote of the Board
                which included the affirmative vote of a majority of the current
                members on the Board at the time of their nomination ("future
                designees") and (iii) were not nominated by a vote of the Board
                which included the affirmative vote of a majority of the current
                members and future designees, taken as a group, on the Board at
                the time of their nomination.

                The term "person" includes an individual, a group acting in
        concert, a corporation, a partnership, an association, a joint venture,
        a pool, a joint stock company, a trust, an unincorporated organization
        or similar company, a syndicate or any other group formed for the
        purpose of acquiring, holding or disposing of securities. The term
        "acquire" means obtaining ownership, control, power to vote or sole
        power of disposition of stock, directly or indirectly or through one or
        more transactions or subsidiaries, through purchase, assignment,
        transfer, exchange, succession or other means, including (1) an increase
        in percentage ownership resulting from a redemption, repurchase, reverse
        stock split or a similar transaction involving other securities of the
        same class; and (2) the acquisition of stock by a group of persons
        and/or companies acting in concert which shall be deemed to occur upon
        the formation of such group, provided that an investment advisor shall
        not be deemed to acquire the voting stock of its advisee if the advisor
        (a) votes the stock only upon instruction from the beneficial owner and
        (b) does not provide the beneficial owner with advice concerning the
        voting of such stock. The term "security" includes nontransferable
        subscription rights issued pursuant to a Plan of conversion, as well as
        a "security," as defined

                                       5
<PAGE>

        in 15 U.S.C. ss. 78c(2)(1); and the term "acting in concert" means (1)
        knowing participation in a joint activity or interdependent conscious
        parallel action towards a common goal whether or not pursuant to an
        express agreement, or (2) a combination or pooling of voting or other
        interests in the securities of an issuer for a common purpose pursuant
        to any contract, understanding, relationship, agreement or other
        arrangement, whether written or otherwise. Further, acting in concert
        with any person or company shall also be deemed to be acting in concert
        with any person or company that is acting in concert with such other
        person or company.

                Notwithstanding the above definitions, the boards of directors
        of the Association or the Holding Company, in their absolute discretion,
        may make a finding that a Change in Control of the Association or the
        Holding Company has taken place without the occurrence of any or all of
        the events enumerated above.

1.11    "Children" means the Executive's children, or the issue of any deceased
        Children, then living at the time payments are due the Children under
        this Plan. The term "Children" shall include both natural and adopted
        Children.

1.12    "Code" means the Internal Revenue Code of 1986, as amended from time to
        time.

1.13    "Disability Benefit" means the benefit payable to the Executive
        following a determination, in accordance with Section 3, that he is no
        longer able, properly and satisfactorily, to perform his duties at the
        Association.

1.14    "Effective Date" of this Agreement shall be May 1, 1999.

1.15    "Estate" means the estate of the Executive.

1.16    "Interest Factor," for purposes of the Accrued Benefit Account, shall be
        Eight percent (8%) per annum, compounded monthly.

                                       6
<PAGE>

1.17    "Payout Period" means the time frame during which certain benefits
        payable hereunder shall be distributed. Payments shall be made in
        monthly installments commencing on the first day of the month following
        the occurrence of the event which triggers distribution and continuing
        for a period of Two Hundred and Forty (240) months.

1.18    "Plan Year" shall mean the calendar year.

1.19    "Retirement Age" means the Executive's sixty-second (62nd) birthday
        provided, however, that the Executive's actual retirement from full-time
        employment may occur on or after the Executive attains age sixty (60).

1.20    "Spouse" means the individual to whom the Executive is legally married
        at the time of the Executive's death.

1.21    "Supplemental Retirement Income Benefit" means an annual amount (BEFORE
        taking into account federal and state income taxes), payable in monthly
        installments throughout the Payout Period. The Supplemental Retirement
        Income Benefit payable to the Executive is Seventy Thousand One Hundred
        Thirty-Six ($70,136) Dollars. However, if the Executive elects to retire
        at any date beginning upon attainment of age sixty (60) and up through
        to and including age sixty-one (61), his Supplemental Retirement Benefit
        shall be an amount, payable in monthly installments over the Payout
        Period, as follows:

                Age 60   $53,020
                Age 61   $61,090

1.22    "Survivor's Benefit" means an annual amount, payable to the Beneficiary
        in monthly installments throughout the Payout Period, equal to the
        Supplemental Retirement Income Benefit of Seventy Thousand One Hundred
        Thirty-Six ($70,136) Dollars, subject to Subsection 2.5.

1.23    "Vested" means the non-forfeitable portion of the benefit to which the
        Executive is entitled.

                                       7
<PAGE>

1.24    "Vested Accrued Benefit" means that portion of the amount represented by
        the Executive's Accrued Benefit Account in which he is vested. It is
        computed by multiplying the Accrued Benefit Account by the vesting
        percentage specified in Subsection 9.13.

1.25    "Years of Service" means the total number of consecutive twelve (12)
        month periods of continuous employment (including authorized leaves of
        absence), beginning on the Executive's date of hire.

                                   SECTION II
                              BENEFITS - GENERALLY

2.1     RETIREMENT BENEFIT. If the Executive is in service with the Association
        until reaching his Benefit Age, the Executive shall be entitled to the
        Supplemental Retirement Income Benefit. Such benefit shall commence on
        the Executive's Benefit Eligibility Date and shall be payable in monthly
        installments throughout the Payout Period. In the event the Executive
        dies at any time after attaining his Benefit Age, but prior to
        completion of all such payments due and owing hereunder, the Association
        shall pay to the Executive's Beneficiary a continuation of the monthly
        installments for the remainder of the Payout Period.

2.2     TERMINATION RELATED TO A CHANGE IN CONTROL

        (a)     If the Executive's employment is terminated (either voluntarily
                or involuntarily) following or coincident with a Change in
                Control, the Executive shall be entitled to his full
                Supplemental Retirement Income Benefit, $70,136 per year for 20
                years, at the attainment of his 55th birthday, (as if he had
                remained in the employ of the Association until his Benefit Age
                of sixty-two (62)). Such benefit shall commence on the 1st day
                of the month following his attainment of age 55 and shall be
                payable in monthly installments throughout the Payout Period. In
                the event that the Executive dies at any time after commencement
                of the payments, but prior to completion of all such payments
                due and owing hereunder, the Association, or its successor,
                shall pay to the Executive's Beneficiary a continuation of the
                monthly installments for the remainder of the Payout Period.

                                       8
<PAGE>

        (b)     Within thirty (30) days following such termination, if the
                Executive is less than fifty-five (55) years old, he may request
                in writing that he begin receiving his Supplemental Retirement
                Income Benefit commencing immediately, in which case the benefit
                shall be reduced to an annual amount of Fifty Thousand ($50,000)
                Dollars, made payable in monthly installments over the Payout
                Period. In the event that the Executive dies at any time after
                commencement of the payments, but prior to completion of all
                such payments due and owing hereunder, the Association, or its
                successor, shall pay to the Executive's Beneficiary a
                continuation of the monthly installments for the remainder of
                the Payout Period.

        (c)     If, after such termination, the Executive dies prior to
                commencement of the benefits hereunder, the Executive's
                Beneficiary shall be entitled to the Survivor's Benefit, which
                shall commence within thirty (30) days of the Executive's death.
                The Survivor's Benefit shall be payable in monthly installments
                over the Payout Period.

2.3     TERMINATION FOR CAUSE
        If the Executive is terminated for Cause, all benefits under this
        Agreement shall be forfeited and this Agreement shall become null and
        void.

2.4     VOLUNTARY OR INVOLUNTARY TERMINATION OF EMPLOYMENT
        If the Executive's employment with the Association is voluntarily or
        involuntarily terminated prior to attainment of his Benefit Age, for any
        reason other than for Disability or a Change in Control, his
        Supplemental Retirement Benefit shall be reduced to an amount equal to
        the annuitized value (using the Interest Factor) of the Executive's
        Accrued Benefit Account. Such benefit shall commence on the 1st day of
        the month following such termination and shall be payable in a lump sum.

                                       9
<PAGE>

2.5     DEATH DURING EMPLOYMENT.
        If the Executive dies while employed by the Association, the Executive's
        Beneficiary shall be entitled to the Survivor's Benefit. The Survivor's
        Benefit shall commence within thirty (30) days of the Executive's death
        and shall be payable in monthly installments throughout the Payout
        Period. In the event the Executive dies at any time after attaining his
        Benefit Age, but prior to completion of all such payments due and owing
        hereunder, the Association shall pay to the Executive's Beneficiary a
        continuation of the monthly installments for the remainder of the Payout
        Period.

2.6     ADDITIONAL DEATH BENEFIT - BURIAL EXPENSE. In addition to the
        above-described benefits, if the Executive dies while employed by the
        Association, the Executive's Beneficiary shall be entitled to receive a
        one-time lump sum death benefit in the amount of Twenty Thousand Dollars
        ($20,000.00). This benefit shall be provided specifically for the
        purpose of providing payment for burial and/or funeral expenses of the
        Executive. Such benefit shall be payable within thirty (30) days of the
        Executive's death.

                                   SECTION III
                               DISABILITY BENEFIT

        (a)     Notwithstanding any other provision hereof, the Executive who
                has not attained his Benefit Eligibility Date, may request and
                shall be entitled to receive the Disability Benefit hereunder,
                in any case in which it is determined by a duly licensed
                physician selected by the Association, that the Executive is no
                longer able, properly and satisfactorily, to perform his regular
                duties as an officer, because of ill health, accident,
                disability or general inability due to age and, if the
                Executive's employment is terminated pursuant to this paragraph,
                the Executive may elect to begin receiving the Disability
                Benefit in lieu of any benefit available under Section 2.1,
                which are not available prior to the Executive's Benefit
                Eligibility Date. The Disability Benefit shall be an amount
                equal to the annuitized value (using the Interest Factor) of the

                                       10
<PAGE>

                Executive's Accrued Benefit Account. The Disability Benefit
                shall be payable in monthly installments over the Payout Period
                commencing within thirty (30) days following the above-mentioned
                disability determination. In the event the Executive dies while
                receiving payments pursuant to this Subsection, but prior to the
                completion of all payments due and owing hereunder, the
                Association shall pay to the Executive's Beneficiary monthly
                installments for the remainder of the Payout Period, but in the
                amount equal to the Survivor's Benefit.

        (b)     If the Executive dies after it has been determined that he is
                entitled to the Disability Benefit, but before the commencement
                of such payments, the Executive's Beneficiary shall be entitled
                to the Survivor's Benefit. Such benefit shall be payable to the
                Beneficiary in monthly installments over the Payout Period
                commencing within thirty (30) days of the Executive's death.

                                   SECTION IV
                            BENEFICIARY DESIGNATION

        The Executive shall make an initial designation of primary and secondary
        Beneficiaries upon execution of this Agreement and shall have the right
        to change such designation, at any subsequent time, by submitting to the
        Administrator, in substantially the form attached as Exhibit A to this
        Agreement, a written designation of primary and secondary Beneficiaries.
        Any Beneficiary designation made subsequent to execution of this
        Agreement shall become effective only when receipt thereof is
        acknowledged in writing by the Administrator.

                                       11
<PAGE>

                                    SECTION V
                                 NON-COMPETITION

5.1     NON-COMPETITION DURING EMPLOYMENT.
        In consideration of the agreements of the Association contained herein
        and of the payments to be made by the Association pursuant hereto, the
        Executive hereby agrees that, for as long as he remains employed by the
        Association, he will devote substantially all of his time, skill,
        diligence and attention to the business of the Association, and will not
        actively engage, either directly or indirectly, in any business or other
        activity which is, or may be deemed to be, in any way competitive with
        or adverse to the best interests of the business of the Association,
        unless the Executive has the prior express written consent of the
        Association.

5.2     BREACH OF NON-COMPETITION CLAUSE.
        (a) CONTINUED EMPLOYMENT FOLLOWING BREACH. In the event (i) any material
        breach by the Executive of the agreements and covenants described in
        Subsection 5.1 occurs, and (ii) the Executive continues employment at
        the Association following such breach, all benefits under this Agreement
        shall be forfeited.

        (b) TERMINATION OF EMPLOYMENT FOLLOWING BREACH.
        In the event (i) any material breach by the Executive of the agreements
        and covenants described in Subsection 5.1 occurs, and (ii) the
        Executive's employment with the Association is terminated due to such
        breach, such termination shall be deemed to be for Cause and the
        benefits under this Agreement shall be forfeited.

5.3     NON-COMPETITION FOLLOWING EMPLOYMENT.
        Executive further understands and agrees that, following Executive's
        termination of employment, except in the event of a Change In Control,
        the Association's obligation, if any, to make payments to the Executive
        under this Agreement shall be conditioned on the Executive's forbearance
        from actively engaging, either directly or indirectly, in any business
        or other activity during the course of the Payout Period which is, or
        may be deemed to be, in any way competitive with or adverse to the best
        interests of the Association, unless the Executive has the prior written
        consent of the Association. In the event of the Executive's

                                       12
<PAGE>

        breach of the covenants and agreements contained herein, further
        payments to the Executive shall cease and be forfeited.

                                   SECTION VI
                          EXECUTIVE'S RIGHT TO ASSETS

        The rights of the Executive, any Beneficiary, or any other person
        claiming through the Executive under this Agreement, shall be solely
        those of an unsecured general creditor of the Association. The
        Executive, the Beneficiary, or any other person claiming through the
        Executive, shall only have the right to receive from the Association
        those payments or amounts so specified under this Agreement. The
        Executive agrees that he, his Beneficiary, or any other person claiming
        through him shall have no rights or interests whatsoever in any asset of
        the Association, including any insurance policies or contracts which the
        Association may possess or obtain to informally fund this Agreement. Any
        asset used or acquired by the Association in connection with the
        liabilities it has assumed under this Agreement shall not be deemed to
        be held under any trust for the benefit of the Executive or his
        Beneficiaries, unless such asset is contained in the rabbi trust
        described in Section X of this Agreement. Any such asset shall be and
        remain, a general, unpledged asset of the Association in the event of
        the Association's insolvency.

                                   SECTION VII
                            RESTRICTIONS UPON FUNDING

        The Association shall have no obligation to set aside, earmark or
        entrust any fund or money with which to pay its obligations under this
        Agreement. The Executive, his Beneficiaries or any successor in interest
        to him shall be and remain simply a general unsecured creditor of the
        Association in the same manner as any other creditor having a general
        claim for matured and unpaid compensation. The Association reserves the
        absolute right in its sole discretion to either purchase assets to meet
        its obligations undertaken by this Agreement or to refrain from the same
        and to determine the extent, nature, and method of such asset purchases.
        Should the Association decide to purchase assets such as life insurance,
        mutual funds, disability policies or annuities, the Association reserves
        the absolute right, in its sole

                                       13
<PAGE>

        discretion, to replace such assets from time to time or to terminate its
        investment in such assets at any time, in whole or in part. At no time
        shall the Executive be deemed to have any lien, right, title or interest
        in or to any specific investment or to any assets of the Association. If
        the Association elects to invest in a life insurance, disability or
        annuity policy upon the life of the Executive, then the Executive shall
        assist the Association by freely submitting to a physical examination
        and by supplying such additional information necessary to obtain such
        insurance or annuities.

                                  SECTION VIII
                                 ACT PROVISIONS

8.1     NAMED FIDUCIARY AND ADMINISTRATOR. The Association, as Administrator,
        shall be the Named Fiduciary of this Agreement. As Administrator, the
        Association shall be responsible for the management, control and
        administration of the Agreement as established herein. The Administrator
        may delegate to others certain aspects of the management and operational
        responsibilities of the Agreement, including the employment of advisors
        and the delegation of ministerial duties to qualified individuals.

8.2     CLAIMS PROCEDURE AND ARBITRATION. In the event that benefits under this
        Agreement are not paid to the Executive (or to his Beneficiary in the
        case of the Executive's death) and such claimants feel they are entitled
        to receive such benefits, then a written claim must be made to the
        Administrator within sixty (60) days from the date payments are refused.
        The Administrator shall review the written claim and, if the claim is
        denied, in whole or in part, it shall provide in writing, within ninety
        (90) days of receipt of such claim, its specific reasons for such
        denial, reference to the provisions of this Agreement upon which the
        denial is based, and any additional material or information necessary to
        perfect the claim. Such writing by the Administrator shall further
        indicate the additional steps which must be undertaken by claimants if
        an additional review of the claim denial is desired.

        If claimants desire a second review, they shall notify the Administrator
        in writing within sixty (60) days of the first claim denial. Claimants
        may review this Agreement or any documents relating thereto and submit
        any issues and comments, in writing, they may feel

                                       14
<PAGE>

        appropriate. In its sole discretion, the Administrator shall then review
        the second claim and provide a written decision within sixty (60) days
        of receipt of such claim. This decision shall state the specific reasons
        for the decision and shall include reference to specific provisions of
        this Agreement upon which the decision is based.

        If claimants continue to dispute the benefit denial based upon completed
        performance of this Plan or the meaning and effect of the terms and
        conditions thereof, then claimants may submit the dispute to mediation,
        administered by the American Arbitration Association ("AAA") (or a
        mediator selected by the parties) in accordance with the AAA's
        Commercial Mediation Rules. If mediation is not successful in resolving
        the dispute, it shall be settled by arbitration administered by the AAA
        under its Commercial Arbitration Rules, and judgment on the award
        rendered by the arbitrator(s) may be entered in any court having
        jurisdiction thereof.

                                   SECTION IX
                                 MISCELLANEOUS

9.1     NO EFFECT ON EMPLOYMENT RIGHTS. Nothing contained herein will confer
        upon the Executive the right to be retained in the service of the
        Association nor limit the right of the Association to discharge or
        otherwise deal with the Executive without regard to the existence of the
        Agreement.

9.2     STATE LAW. The Agreement is established under, and will be construed
        according to, the laws of the state of Indiana, to the extent such laws
        are not preempted by the Act and valid regulations published thereunder.

9.3     SEVERABILITY. In the event that any of the provisions of this Agreement
        or portion thereof, are held to be inoperative or invalid by any court
        of competent jurisdiction, then: (1) insofar as is reasonable, effect
        will be given to the intent manifested in the provisions held invalid or
        inoperative, and (2) the validity and enforceability of the remaining
        provisions will not be affected thereby.

                                       15
<PAGE>

9.4     INCAPACITY OF RECIPIENT. In the event the Executive is declared
        incompetent and a conservator or other person legally charged with the
        care of his person or Estate is appointed, any benefits under the
        Agreement to which such Executive is entitled shall be paid to such
        conservator or other person legally charged with the care of his person
        or Estate.

9.5     UNCLAIMED BENEFIT. The Executive shall keep the Association informed of
        his current address and the current address of his Beneficiaries. The
        Association shall not be obligated to search for the whereabouts of any
        person. If the location of the Executive is not made known to the
        Association as of the date upon which any payment of any benefits from
        the Accrued Benefit Account may first be made, the Association shall
        delay payment of the Executive's benefit payment(s) until the location
        of the Executive is made known to the Association; however, the
        Association shall only be obligated to hold such benefit payment(s) for
        the Executive until the expiration of thirty-six (36) months. Upon
        expiration of the thirty-six (36) month period, the Association may
        discharge its obligation by payment to the Executive's Beneficiary. If
        the location of the Executive's Beneficiary is not made known to the
        Association by the end of an additional two (2) month period following
        expiration of the thirty-six (36) month period, the Association may
        discharge its obligation by payment to the Executive's Estate. If there
        is no Estate in existence at such time or if such fact cannot be
        determined by the Association, the Executive and his Beneficiary(ies)
        shall thereupon forfeit any rights provided for such Executive and/or
        Beneficiary under this Agreement.

9.6     LIMITATIONS ON LIABILITY. Notwithstanding any of the preceding
        provisions of the Agreement, no individual acting as an employee or
        agent of the Association, or as a member of the Board of Directors shall
        be personally liable to the Executive or any other person for any claim,
        loss, liability or expense incurred in connection with the Agreement.

                                       16
<PAGE>

9.7     GENDER. Whenever in this Agreement words are used in the masculine or
        neuter gender, they shall be read and construed as in the masculine,
        feminine or neuter gender whenever they should so apply.

9.8     EFFECTON OTHER CORPORATE BENEFIT AGREEMENTS. Nothing contained in this
        Agreement shall affect the right of the Executive to participate in or
        be covered by any qualified or non-qualified pension, profit sharing,
        group, bonus or other supplemental compensation or fringe benefit
        agreement constituting a part of the Association's existing or future
        compensation structure.

9.9     SUICIDE. Notwithstanding anything to the contrary in this Agreement, if
        the Executive's death results from suicide, whether sane or insane,
        within twenty-six (26) months after execution of this Agreement, all
        benefits under this Agreement shall be forfeited, and this Agreement
        shall become null and void.

9.10    INUREMENT. This Agreement shall be binding upon and shall inure to the
        benefit of the Association, its successors and assigns, and the
        Executive, his successors, heirs, executors, administrators, and
        Beneficiaries.

9.11    HEADINGS. Headings and sub-headings in this Agreement are inserted for
        reference and convenience only and shall not be deemed a part of this
        Agreement.

9.12    SOURCE OF PAYMENTS. All payments provided in this Agreement shall be
        timely paid in cash or check from the general funds of the Association
        or the assets of the rabbi trust.

                                       17
<PAGE>

9.13    VESTING. The benefits provided by the Association to the Executive under
        this Agreement shall vest in the Executive according to the following
        schedule:

                                                          Percentage of
                                                          Total Benefit
                       Years of Service                    Vested

                           1 year                              0%
                           2 years                            20%
                           3 years                            40%
                           4 years                            60%
                           5 years                            80%
                           6 years                            100%

        Interpolation shall be made for partial years. For example, 3.5 Years of
        Service would result in vesting of 50%. No vesting shall occur, however,
        until two (2) full Years of Service have been completed. Notwithstanding
        anything to the contrary herein, in the event of the Executive's
        termination of employment due to death or coincident with or following a
        Change in Control, the Executive's Supplemental Retirement Income
        Benefit shall be and become 100% vested, except as is otherwise stated
        in Subparagraph 2.2(b). This section shall not apply in the event of
        termination for Cause.

                                    SECTION X
                          ESTABLISHMENT OF RABBI TRUST

        The Association has established a rabbi trust into which the Association
shall contribute assets which shall be held therein, subject to the claims of
the Association's creditors in the event of the Association's "Insolvency" as
defined in the agreement which establishes such rabbi trust, until the
contributed assets are paid to the Executives and their Beneficiaries in such
manner and at such times as specified in this Agreement. It is the intention of
the Association to make contributions to the rabbi trust to provide the
Association with a source of funds to assist it in meeting the liabilities of
this Agreement. The rabbi trust and any assets held therein shall conform to the
terms of the rabbi trust agreement which has been established in conjunction
with this Agreement. To the extent the language in this Agreement is modified by
the language in the rabbi trust agreement, the rabbi trust agreement shall
supersede this Agreement. Any contributions to the rabbi trust shall be made
during each Plan Year in accordance with the rabbi trust agreement. The

                                       18
<PAGE>

amount of such contribution(s) shall be equal to the full present value of all
benefit accruals under this Plan, if any, less: (i) previous contributions made
on behalf of the Executive to the rabbi trust, and (ii) earnings to date on all
such previous contributions.

                                   SECTION XI
                           AMENDMENT/PLAN TERMINATION

This Agreement shall not be amended, modified or revoked at any time, in whole
or part, without the mutual written consent of the Executive and the
Association, and such mutual consent shall be required even if the Executive is
no longer employed by the Association.

                                   SECTION XII
                                    EXECUTION

12.1    This Agreement sets forth the entire understanding of the parties hereto
        with respect to the transactions contemplated hereby, and any previous
        agreements or understandings between the parties hereto regarding the
        subject matter hereof are merged into and superseded by this Agreement.

12.2    This Agreement shall be executed in quadruplicate, each copy of which,
        when so executed and delivered, shall be an original, but all three
        copies shall together constitute one and the same instrument

                   Remainder of page intentionally left blank.

                                       19
<PAGE>

        IN WITNESS WHEREOF, the Association and the Executive have caused this
Agreement to be executed on the day and date first above written.

WITNESS:                               EXECUTIVE:

/s/ Thomas J. Sicking                  /s/ Edward Fischer
-------------------------              -----------------------------------------

ATTEST:                                DEARBORN SAVINGS ASSOCIATION, F.A.:

                                       By: /s/ Thomas J. Sicking
                                          --------------------------------------

/s/ Margaret Abner                     Vice President
-------------------------              -----------------------------------------
Secretary                                 (Title)

ATTEST:                                DEARBORN MUTUAL HOLDING COMPANY:

                                       By: /s/ Robert P. Sonntag
                                          --------------------------------------

/s/ Margaret Abner                     Chairman
-------------------------              -----------------------------------------
Secretary                                 (Title)

<PAGE>

               EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT
                               FOR EDWARD FISCHER
                             BENEFICIARY DESIGNATION

        The Executive, under the terms of the Second Executive Supplemental
Retirement Income Agreement executed by the Association, dated the 1st day of
May, 1999, hereby designates the following Beneficiary(ies) to receive any
guaranteed payments or death benefits under such Agreement, following his death:

PRIMARY BENEFICIARY: Deborah Fischer
                     ---------------------------------------

SECONDARY BENEFICIARY: Stephanie Fischer & Amy Fischer
                       -------------------------------------

        This Beneficiary Designation hereby revokes any prior Beneficiary
Designation which may have been in effect.

        Such Beneficiary Designation is revocable.

DATE: May 1, 1999

/s/ Thomas J. Sicking                      /s/ Edward Fischer
------------------------------------       -------------------------------------
(WITNESS)                                  EXECUTIVE

/s/ Margaret Abner
------------------------------------
(WITNESS)

                                    Exhibit A<PAGE>

                                  EXHIBIT 10.4

<PAGE>

                         DEARBORN FINANCIAL CORPORATION
                       2002 RECOGNITION AND RETENTION PLAN

1.      ESTABLISHMENT OF THE PLAN; CREATION OF SEPARATE TRUST

        (a) Dearborn Financial Corporation hereby establishes the Dearborn
Financial Corporation 2002 Recognition and Retention Plan (the "Plan") upon the
terms and conditions hereinafter stated in the Plan.

        (b) A separate trust or trusts may be established to purchase shares of
the Common Stock that will be awarded hereunder (the "Trust"). If a trust is
established and a Recipient hereunder fails to satisfy the conditions of the
Plan and forfeits all or any portion of the Common Stock awarded to him or her,
such forfeited shares will be returned to said Trust. If no trust is
established, forfeited shares shall be cancelled or held in treasury, as
determined by the Committee.

2.      PURPOSE OF THE PLAN

        The purpose of the Plan is to advance the interests of the Company and
Dearborn Savings Association, F.A. and the Company's stockholders by providing
Key Employees and Outside Directors of the Company and its Affiliates, including
the Association, upon whose judgment, initiative and efforts the successful
conduct of the business of the Company and its Affiliates largely depends, with
compensation for their contributions to the Company and its Affiliates and an
additional incentive to perform in a superior manner, as well as to attract
people of experience and ability.

3.      DEFINITIONS

        The following words and phrases, when used in this Plan with an initial
capital letter, unless the context clearly indicates otherwise, shall have the
meanings set forth below. Wherever appropriate, the masculine pronoun shall
include the feminine pronoun and the singular shall include the plural.

        "AFFILIATE" means any "parent corporation" or "subsidiary corporation"
of the Company, as such terms are defined in Section 424(e) and (f),
respectively, of the Code, or a successor to a parent corporation or subsidiary
corporation.

        "ASSOCIATION" means Dearborn Savings Association, F.A., or a successor
corporation.

        "AWARD" means the grant by the Committee of Restricted Stock, as
provided in the Plan.

        "BENEFICIARY" means the person or persons designated by a Recipient to
receive any benefits payable under the Plan in the event of such Recipient's
death. Such person or persons shall be designated in writing on forms provided
for this purpose by the Committee and may be changed from time to time by
similar written notice to the Committee. In the absence of a written
designation, the Beneficiary shall be the Recipient's surviving spouse, if any,
or, if none,

<PAGE>

his estate.

        "BOARD" or "BOARD OF DIRECTORS" means the Board of Directors of the
Company, unless otherwise noted.

        "CAUSE" means personal dishonesty, willful misconduct, any breach of
fiduciary duty involving personal profit, intentional failure to perform stated
duties, or the willful violation of any law, rule or regulation (other than
traffic violations or similar offenses) or a final cease-and-desist order, any
of which results in a material loss to the Company or an Affiliate.

        "CHANGE IN CONTROL" of the Company or the Association means a change in
control of a nature that: (i) would be required to be reported in response to
Item 1(a) of the current report on Form 8-K, as in effect on the date hereof,
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (the
"Exchange Act"); or (ii) results in a Change in Control of the Company within
the meaning of the Home Owners' Loan Act of 1933, as amended, and applicable
rules and regulations promulgated thereunder, as in effect at the time of the
Change in Control (collectively, the "HOLA"); or (iii) without limitation such a
Change in Control shall be deemed to have occurred at such time as (a) any
"person" (as the term is used in Sections 13(d) and 14(d) of the Exchange Act)
is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company representing
25% or more of the combined voting power of the Company's outstanding securities
except for any securities purchased by the Association's employee stock
ownership plan or trust; or (b) individuals who constitute the Board on the date
hereof (the "Incumbent Board") cease for any reason to constitute at least a
majority thereof, PROVIDED that any person becoming a director subsequent to the
date hereof whose election was approved by a vote of at least three-quarters of
the directors comprising the Incumbent Board, or whose nomination for election
by the Company's stockholders was approved by the same Nominating Committee
serving under an Incumbent Board, shall be, for purposes of this clause (b),
considered as though he were a member of the Incumbent Board; or (c) a plan of
reorganization, merger, consolidation, sale of all or substantially all the
assets of the Company or the Association or similar transaction in which the
Company or the Association is not the surviving institution occurs; or (d) a
proxy statement soliciting proxies from stockholders of the Company, by someone
other than the current management of the Company, seeking stockholder approval
of a plan of reorganization, merger or consolidation of the Company or similar
transaction with one or more corporations as a result of which the outstanding
shares of the class of securities then subject to the Plan are to be exchanged
for or converted into cash or property or securities not issued by the Company;
or (e) a tender offer is made for 25% or more of the voting securities of the
Company and the shareholders owning beneficially or of record 25% or more of the
outstanding securities of the Company have tendered or offered to sell their
shares pursuant to such tender offer and such tendered shares have been accepted
by the tender offeror. Notwithstanding the foregoing, a "Change in Control"
shall not be deemed to have occurred in the event of a conversion of the
Company's mutual holding company to stock form or in connection with any
reorganization or action used to effect such conversion.

        "CODE" means the Internal Revenue Code of 1986, as amended.

        "COMMITTEE" means a committee of the Board of the Company consisting of
either (i) at

                                       2
<PAGE>

least two Non-Employee Directors of the Company, or (ii) the entire Board of the
Company.

        "COMMON STOCK" means shares of the common stock of the Company, par
value $.10 per share.

        "COMPANY" means Dearborn Financial Corporation, the stock holding
company of the Association, or a successor corporation.

        "CONTINUOUS SERVICE" means employment as a Key Employee and/or service
as an Outside Director without any interruption or termination of such
employment and/or service. Continuous Service shall also mean a continuation as
a member of the Board of Directors following a cessation of employment as a Key
Employee and continuation as a Director Emeritus following cessation of service
as a Director, if applicable. In the case of a Key Employee, employment shall
not be considered interrupted in the case of sick leave, military leave or any
other leave of absence approved by the Company or in the case of transfers
between payroll locations of the Company, or between the Company, its parent,
its subsidiaries or its successor.

        "DIRECTOR" means a member of the Board, and includes persons who were
members of the Board on the date the Plan was initially approved by the Board.

        "DIRECTOR EMERITUS" means a former member of the Board who is designated
as a Director Emeritus by the Board.

        "DISABILITY" means the permanent and total inability, by reason of
mental or physical infirmity, or both, of an employee to perform the work
customarily assigned to him, or of a Director or Outside Director to serve as
such. Additionally, in the case of an employee, a medical doctor selected or
approved by the Board must advise the Committee that it is either not possible
to determine when such Disability will terminate or that it appears probable
that such Disability will be permanent during the remainder of such employee's
lifetime.

        "EFFECTIVE DATE" means the date determined by the Board to be the
effective date of the Plan.

        "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

        "KEY EMPLOYEE" means any person who is currently employed by the Company
or an Affiliate who is chosen by the Committee to participate in the Plan.

        "NON-EMPLOYEE DIRECTOR" means, for purposes of the Plan, a Director who
(a) is not employed by the Company or an Affiliate; (b) does not receive
compensation directly or indirectly as a consultant (or in any other capacity
than as a Director) greater than $60,000; (c) does not have an interest in a
transaction requiring disclosure under Item 404(a) of Regulation S-K; or (d) is
not engaged in a business relationship for which disclosure would be required
pursuant to Item 404(b) of Regulation S-K.

        "NORMAL RETIREMENT" means retirement by a Key Employee or Outside
Director from employment or service on or after attainment of age 65 and 75,
respectively, or at the age

                                       3
<PAGE>

identified in any Key Employee's Supplemental Retirement Plan.

        "OUTSIDE DIRECTOR" means a Director of the Company or an Affiliate who
is not an employee of the Company or an Affiliate. For purposes of this Plan,
"Outside Director" shall also mean a Director Emeritus who continues
participation in the Plan after retirement from the Board.

        "RECIPIENT" means a Key Employee or Outside Director of the Company or
its Affiliates who receives or has received an Award under the Plan.

        "RESTRICTED PERIOD" means the period of time selected by the Committee
for the purpose of determining when restrictions are in effect under Section 6
with respect to Restricted Stock awarded under the Plan.

        "RESTRICTED STOCK" means shares of Common Stock that have been
contingently awarded to a Recipient by the Committee subject to the restrictions
referred to in Section 6, so long as such restrictions are in effect.

4.      ADMINISTRATION OF THE PLAN.

        (a)     ROLE OF THE COMMITTEE. The Plan shall be administered and
interpreted by the Committee, which shall have all of the powers allocated to it
in the Plan. The interpretation and construction by the Committee of any
provisions of the Plan or of any Award granted hereunder shall be final and
binding. The Committee shall act by vote or written consent of a majority of its
members. Subject to the express provisions and limitations of the Plan, the
Committee may adopt such rules and procedures as it deems appropriate for the
conduct of its affairs. The Committee shall report its actions and decisions
with respect to the Plan to the Board at appropriate times, but in no event less
than one time per calendar year.

        (b)     ROLE OF THE BOARD. The members of the Committee shall be
appointed or approved by, and will serve at the pleasure of, the Board of the
Company. The Company Board may in its discretion from time to time remove
members from, or add members to, the Committee. The Board of the Company shall
have all of the powers allocated to it in the Plan, may take any action under or
with respect to the Plan that the Committee is authorized to take, and may
reverse or override any action taken or decision made by the Committee under or
with respect to the Plan, PROVIDED, HOWEVER, that except as provided in Section
6(b), the Board may not revoke any Award except in the event of revocation for
Cause or with respect to unearned Awards in the event the Recipient of an Award
voluntarily terminates employment with the Company prior to Normal Retirement.

        (c)     PLAN ADMINISTRATION RESTRICTIONS. All transactions involving a
grant, award or other acquisitions from the Company shall:

                (i)     be approved by the Company's full Board or by the
                        Committee;

                (ii)    be approved, or ratified, in compliance with Section 14
                        of the Exchange Act, by either: the affirmative vote of
                        the holders of a majority of the

                                       4
<PAGE>

                        shares present, or represented and entitled to vote at a
                        meeting duly held in accordance with the laws under
                        which the Company is incorporated; or the written
                        consent of the holders of a majority of the securities
                        of the issuer entitled to vote, provided that such
                        ratification occurs no later than the date of the next
                        annual meeting of shareholders; or

                (iii)   result in the acquisition of common stock that is held
                        by the Recipient for a period of six months following
                        the date of such acquisition.

        (d)     LIMITATION ON LIABILITY. No member of the Board or the Committee
shall be liable for any determination made in good faith with respect to the
Plan or any Awards granted under it. If a member of the Board or the Committee
is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of anything done or not done by him in such capacity
under or with respect to the Plan, the Company or the Association shall
indemnify such member against any expense (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred
by him in connection with such action, suit or proceeding, if he acted in good
faith and in a manner he reasonably believed to be in the best interests of the
Company and the Association and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful.

5.      ELIGIBILITY; AWARDS

        (a)     ELIGIBILITY. Key Employees and Outside Directors are eligible to
receive Awards.

        (b)     NUMBER OF SHARES SUBJECT TO PLAN. The aggregate number of shares
that may be issued under the Plan, subject to adjustment pursuant to Section 7,
is 15,000.

        (c)     AWARDS TO KEY EMPLOYEES AND OUTSIDE DIRECTORS. The Committee may
determine which of the Key Employees and Outside Directors referenced in Section
5(a) will be granted Awards and the number of shares covered by each Award;
PROVIDED, HOWEVER, that in no event shall any Awards be made that will violate
the Company's Charter and Bylaws, the Association's Charter and Bylaws, or any
applicable federal or state law or regulation. Shares of Restricted Stock that
are awarded by the Committee shall, on the date of the Award, be registered in
the name of the Recipient and transferred to the Recipient, in accordance with
the terms and conditions established under the Plan.

        In the event Restricted Stock is forfeited for any reason, the
Committee, from time to time, may determine which of the Key Employees and
Outside Directors will be granted additional Awards to be awarded from forfeited
Restricted Stock.

        In selecting those Key Employees and Outside Directors to whom Awards
will be granted and the amount of Restricted Stock covered by such Awards, the
Committee shall consider such factors as it deems relevant, which factors may
include, among others, the position and responsibilities of the Key Employees
and Outside Directors, the length and value of their services to the Company and
its Affiliates, the compensation paid to the Key Employees or fees paid to the
Outside Directors, and the Committee may request the written recommendation of
the
                                       5
<PAGE>

Chief Executive Officer and other senior executive officers of the Association,
the Company and its Affiliates or the recommendation of the full Board. All
allocations by the Committee shall be subject to review, and approval or
rejection, by the Board.

        No Restricted Stock shall be earned unless the Recipient maintains
Continuous Service with the Company or an Affiliate until the restrictions
lapse.

        (d)     MANNER OF AWARD. As promptly as practicable after a
determination is made pursuant to Section 5(c) to grant an Award, the Committee
shall notify the Recipient in writing of the grant of the Award, the number of
shares of Restricted Stock covered by the Award, and the terms upon which the
Restricted Stock subject to the Award may be earned. Upon notification of an
Award of Restricted Stock, the Recipient shall execute and return to the Company
a restricted stock agreement (the "Restricted Stock Agreement") setting forth
the terms and conditions under which the Recipient shall earn the Restricted
Stock, together with a stock power or stock powers endorsed in blank.
Thereafter, the Recipient's Restricted Stock and stock power shall be deposited
with an escrow agent specified by the Company ("Escrow Agent") who shall hold
such Restricted Stock under the terms and conditions set forth in the Restricted
Stock Agreement. Each certificate in respect of shares of Restricted Stock
Awarded under the Plan shall be registered in the name of the Recipient.

        (e)     TREATMENT OF FORFEITED SHARES. In the event shares of Restricted
Stock are forfeited by a Recipient, such shares shall be returned to the Company
and shall be held and accounted for pursuant to the terms of the Plan until such
time as the Restricted Stock is re-awarded to another Recipient, in accordance
with the terms of the Plan and the applicable state and federal laws, rules and
regulations.

6.      TERMS AND CONDITIONS OF RESTRICTED STOCK

        The Committee shall have full and complete authority, subject to the
limitations of the Plan, to grant awards of Restricted Stock to Key Employees
and Outside Directors and, in addition to the terms and conditions contained in
Sections 6(a) through 6(h), to provide such other terms and conditions (which
need not be identical among Recipients) in respect of such Awards, and the
vesting thereof, as the Committee shall determine.

        (a)     GENERAL RULES. Unless the Committee shall specifically state to
the contrary at the time an Award is granted, Restricted Stock shall be earned
by a Recipient at the rate of 20% of the initially awarded amount per year,
commencing with the first installment being earned on the first anniversary of
the Date of Grant and succeeding installments being earned on the following
anniversaries, provided that such Recipient maintains Continuous Service.
Subject to any such other terms and conditions as the Committee shall provide
with respect to Awards, shares of Restricted Stock may not be sold, assigned,
transferred (within the meaning of Code Section 83), pledged or otherwise
encumbered by the Recipient, except as hereinafter provided, during the
Restricted Period. The Committee shall have the authority, in its discretion, to
accelerate the time at which any or all of the restrictions shall lapse with
respect to a Restricted Stock Award, or to remove any or all of such
restrictions.

        (b)     CONTINUOUS SERVICE; FORFEITURE. Except as provided in Section
6(c), if a

                                       6
<PAGE>

Recipient ceases to maintain Continuous Service for any reason (other than
death, Disability, Change in Control or Normal Retirement), unless the Committee
shall otherwise determine, all shares of Restricted Stock theretofore awarded to
such Recipient and which at the time of such termination of Continuous Service
are subject to the restrictions imposed by Section 6(a) shall, upon such
termination of Continuous Service, be forfeited. Any stock dividends, or cash
dividends that have been declared but not yet paid, attributable to such shares
of Restricted Stock shall also be forfeited.

        (c)     EXCEPTION FOR TERMINATION DUE TO DEATH, DISABILITY, FOLLOWING A
CHANGE IN CONTROL, OR NORMAL RETIREMENT. Notwithstanding the general rule
contained in Section 6(a), Restricted Stock awarded to a Recipient whose
employment with the Company or an Affiliate or service on the Board terminates
due to death, Disability, following a Change in Control, or Normal Retirement,
shall be deemed earned as of the Recipient's last day of employment with the
Company or an Affiliate, or last day of service on the Board of the Company or
an Affiliate; PROVIDED THAT Restricted Stock awarded to a Key Employee who at
any time also serves as a Director shall not be deemed earned due to Normal
Retirement until both employment and service as a Director have been terminated,
and provided further that unless otherwise determined by the Board or the
Committee, Restricted Stock awarded to a Director shall not be deemed earned due
to Normal Retirement until service both as a Director and Director Emeritus has
ended.

        (d)     REVOCATION FOR CAUSE. Notwithstanding anything hereinafter to
the contrary, the Board may by resolution immediately revoke, rescind and
terminate any Award, or portion thereof, previously awarded under the Plan, to
the extent Restricted Stock has not been redelivered by the Escrow Agent to the
Recipient, whether or not yet earned, in the case of a Key Employee whose
employment is terminated by the Company or an Affiliate, or an Outside Director
whose service is terminated by the Company or an Affiliate for Cause, or who is
discovered after termination of employment or service on the Board to have
engaged in conduct that would have justified termination for Cause.

        (e)     RESTRICTED STOCK LEGEND. Each certificate in respect of shares
of Restricted Stock awarded under the Plan shall be registered in the name of
the Recipient and deposited by the Recipient, together with a stock power
endorsed in blank, with the Escrow Agent, and shall bear the following (or a
similar) legend:

                   "The transferability of this certificate and the shares
                of stock represented hereby are subject to the terms and
                conditions (including forfeiture) contained in the
                Dearborn Financial Corporation 2002 Recognition and
                Retention Plan. Copies of such Plan are on file in the
                offices of the Secretary of Dearborn Financial
                Corporation, 118 Walnut Street, Lawrenceburg, Indiana
                47025-1838."

        (f)     PAYMENT OF DIVIDENDS AND RETURN OF CAPITAL. After an Award has
been granted but before such Award has been earned, the Recipient shall receive
any cash dividends paid with respect to such shares, or shall share in any
pro-rata return of capital to all shareholders with respect to the Common Stock.
Stock dividends declared by the Company and paid on

                                       7
<PAGE>

Awards that have not yet been earned shall be subject to the same restrictions
as the Restricted Stock and the certificate(s) or other instruments representing
or evidencing such shares shall be legended in the manner provided in Section
6(e) and shall be delivered to the Escrow Agent for distribution to the
Recipient when the Restricted Stock upon which such dividends were paid are
earned. Unless the Recipient has made an election under Section 83(b) of the
Code, cash dividends or other amounts so paid on shares that have not yet been
earned by the Recipient shall be treated as compensation income to the Recipient
when paid. If dividends are paid with respect to shares of Restricted Stock
under the Plan that have been forfeited and returned to the Company or to a
trust established to hold issued and unawarded or forfeited shares, the
Committee can determine to award such dividends to any Recipient or Recipients
under the Plan, to any other employee or director of the Company or the
Association, or can return such dividends to the Company.

        (g)     VOTING OF RESTRICTED SHARES. After an Award has been granted,
the Recipient as conditional owner of the Restricted Stock shall have the right
to vote such shares.

        (h)     DELIVERY OF EARNED SHARES. At the expiration of the restrictions
imposed by Section 6(a), the Escrow Agent shall redeliver to the Recipient (or,
where the relevant provision of Section 6(c) applies, in the case of a deceased
Recipient, to his Beneficiary) the certificate(s) and any remaining stock power
deposited with it pursuant to Section 5(d) and the shares represented by such
certificate(s) shall be free of the restrictions referred to Section 6(a).

7.      ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

        In the event of any change in the outstanding shares subsequent to the
Effective Date by reason of any reorganization, recapitalization, stock split,
stock dividend, combination or exchange of shares, or any merger, consolidation
or any change in the corporate structure or shares of the Company, without
receipt or payment of consideration by the Company, the maximum aggregate number
and class of shares as to which Awards may be granted under the Plan shall be
appropriately adjusted by the Committee, whose determination shall be
conclusive. Any shares of stock or other securities received, as a result of any
of the foregoing, by a Recipient with respect to Restricted Stock shall be
subject to the same restrictions and the certificate(s) or other instruments
representing or evidencing such shares or securities shall be legended and
deposited with the Escrow Agent in the manner provided in Section 6(e).

8.      ASSIGNMENTS AND TRANSFERS

        No Award nor any right or interest of a Recipient under the Plan in any
instrument evidencing any Award under the Plan may be assigned, encumbered or
transferred (within the meaning of Code Section 83) except, in the event of the
death of a Recipient, by will or the laws of descent and distribution until such
Award is earned.

                                       8
<PAGE>

9.      KEY EMPLOYEE RIGHTS UNDER THE PLAN

        No Key Employee shall have a right to be selected as a Recipient nor,
having been so selected, to be selected again as a Recipient and no Key Employee
or other person shall have any claim or right to be granted an Award under the
Plan or under any other incentive or similar plan of the Company or any
Affiliate. Neither the Plan nor any action taken thereunder shall be construed
as giving any Key Employee any right to be retained in the employ of the Company
or any Affiliate.

10.     OUTSIDE DIRECTOR RIGHTS UNDER THE PLAN

        Neither the Plan nor any action taken thereunder shall be construed as
giving any Outside Director any right to be retained in the service of the
Company or any Affiliate.

11.     WITHHOLDING TAX

        Upon the termination of the Restricted Period with respect to any shares
of Restricted Stock (or at any such earlier time that an election is made by the
Recipient under Section 83(b) of the Code, or any successor provision thereto,
to include the value of such shares in taxable income), the Company or the
Association shall have the right to require the Recipient or other person
receiving such shares to pay the Company or the Association the minimum amount
of any federal or state taxes, including payroll taxes, that are applicable to
such supplemental income and that the Company or the Association is required to
withhold with respect to such shares, or, in lieu thereof, to retain or sell
without notice, a sufficient number of shares held by it to cover the amount
required to be withheld. The Company or the Association shall have the right to
deduct from all dividends paid with respect to shares of Restricted Stock the
amount of any taxes which the Company or the Association is required to withhold
with respect to such dividend payments.

12.     AMENDMENT OR TERMINATION

        The Board of the Company may amend, suspend or terminate the Plan or any
portion thereof at any time, PROVIDED, HOWEVER, that no such amendment,
suspension or termination shall impair the rights of any Recipient, without his
consent, in any Award theretofore made pursuant to the Plan. Any amendment or
modification of the Plan or an outstanding Award under the Plan, including but
not limited to the acceleration of vesting of an outstanding Award for reasons
other than death, Disability, Normal Retirement or termination following a
Change in Control, shall be approved by the Committee, or the full Board of the
Company.

                                       9
<PAGE>

13.     GOVERNING LAW

        The Plan shall be governed by the laws of the State of Indiana, except
to the extent that Federal law shall be deemed to preempt such state law.

                                       10
<PAGE>

14.     TERM OF PLAN

        The Plan shall become effective on the date determined by the Board of
Directors. It shall continue in effect until the earlier of (i) ten years from
the Effective Date, unless sooner terminated under Section 12 hereof, or (ii)
the date on which all shares of Common Stock available for award hereunder have
vested in the Recipients of such Awards.

        IN WITNESS WHEREOF, the Company has caused the Plan to be executed by
its duly authorized officers and the corporate seal to be affixed and duly
attested, as of the ___________ day of __________________, 2002.

Effective Date:   _______________________________

ATTEST:                                     DEARBORN FINANCIAL
                                            CORPORATION

-------------------------------             ----------------------------------
Secretary                                   President

                                       11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]