Document:

EXHIBIT 10.8
                                                                   ------------
                             PROMISSORY NOTE

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                                     Loan       Collat-         Off-
 Principal   Loan Date    Maturity    No   Call  eral  Account  icer  Initials
 ---------   ---------    --------   ----  ----  ----  -------  ----  --------
$900,000.00  12-26-2000  03-21-2001                             JMB
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Reference in the shaded area are for lender's use only and do not limit the
applicability of this document to any particular loan or item.

Borrower:  ISLANDS BANCORP                  Lender:  THE BANKERS BANK
           500 Carteret Street, Suite A              2410 PACES FERRY ROAD
           Beaufort, SC  29902                       600 PACES SUMMIT
                                                     ATLANTA, GA 30339

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Principal Amount: $900,000.00                       Initial Rate:  9.000%
                        Date of Note:  December 26, 2000

PROMISE TO PAY.  ISLANDS BANCORP ("Borrower") promises to pay to THE
BANKERS BANK ("Lender"), or order, in lawful money of the United States of
America, the principal amount of Nine  Hundred Thousand & 00/100 Dollars
($900,000.00) or so much as may be outstanding, together with interest on
the unpaid outstanding principal balance of each advance.  interest shall be
calculated from the date of each advance until repayment of each advance.

PAYMENT.  Borrower will pay this loan in one payment of all outstanding
principal plus all accrued unpaid interest on March 21, 2001.  Borrower will
pay Lender at Lender's address shown above or at such other place as Lender
may designate in writing.  Unless otherwise agreed or required by applicable
law, payments will be applied first to accrued unpaid interest, then to
principal, and any remaining amount to any unpaid collection costs and late
charges.

VARIABLE INTEREST RATE.  The interest rate on this Note is subject to change
from time to time based on changes in an index which is the Prime rate as
published in the Money Rates section of the Wall Street Journal. (the
"Index").  If two or more rates exist, then the highest rate will prevail.
Lender will tell Borrower the current Index rate upon Borrower's request.
Borrower understands that Lender may make loans based on other rates as
well.  The interest rate change will not occur more often than each day.
The Index currently is 9.500% per annum.  The interest rate to be applied to
the unpaid principal balance of this Note will be at a rate of 0.500
percentage points under the Index, resulting in an Initial annual rate of
simple interest of 9.000%.  NOTICE: Under no circumstances will the interest
rate on this Note be more than the maximum rate allowed by applicable law.

PREPAYMENT.  Borrower may pay without penalty all or a portion of the amount
owed earlier than it is due.

LATECHARGE.  If a payment is 15 days or more late, Borrower will be charged
$100.00.

DEFAULT.  Borrower will be in default if any of the following happens: (a)
Borrower fails to make any payment when due. (b)Borrower breaks any promise
Borrower has made to Lender, or Borrower falls to comply with or to perform
when due any other term, obligation, covenant, or condition contained in
this Note or any agreement related to this Note, or in any other agreement
or loan Borrower has with Lender. (c) Any representation or statement made
or furnished to Lender by Borrower or on Borrower's behalf is false or
misleading in any material respect either now or at the time made or
furnished. (d) Borrower becomes insolvent, a receiver is appointed for any
part of Borrower's property, Borrower makes an assignment for the benefit of
creditors, or any proceeding is commenced either by Borrower or against
Borrower under any bankruptcy or insolvency laws. (e) Any creditor tries to
take any of Borrower's property on or in which Lender has a lien or security
interest.  This includes a garnishment of any of Borrower's accounts with
Lender. (f) Any guarantor dies or any of the other events described in this
default section occurs with respect to any guarantor of this Note. (g) A
material adverse change occurs in Borrower's financial condition, or Lender
believes the prospect of payment or performance of the Indebtedness is
impaired. (h) Lender in good faith deems itself insecure.

LENDER'S RIGHTS.  Upon default, Lender may declare the entire unpaid
principal balance on this Note and all accrued unpaid interest immediately
due, without notice, and then Borrower will pay that amount.  Upon default,
including failure to pay upon final maturity, Lender, at its option, may
also, if permitted under applicable law, increase the variable interest rate
on this Note 3.000 percentage points.  The interest rate will not exceed the
maximum rate permitted by applicable law.  Lender may hire or pay someone
else to help collect this Note if Borrower does not pay.  Borrower also will
pay Lender that amount.  This includes, subject to any limits under
applicable law, Lender's, costs of collection, including court costs and
fifteen percent (15%) of the principal plus accrued interest as attorneys'
fees, if any sums owing under this Note are collected by or through an
attorney-at-law, whether or not there is a lawsuit, and legal expenses for
bankruptcy proceedings (including efforts to modify or vacate any automatic
stay or injunction), appeals, and any anticipated post-judgment collection
services.  If not prohibited by applicable law, Borrower also will pay any
court costs, in addition to all other sums provided by law.  This Note has
been delivered to Lender and accepted by Lender in the State of Georgia.
Subject to the provisions on arbitration, this Note shall be governed by and
construed in accordance with the laws of the State of Georgia.

DISHONORED ITEM FEE.  Borrower will pay a fee to Lender of twenty dollars
($20.00) or five percent (5%) of the face amount of the check, whichever is
greater, if Borrower makes a payment on Borrower's loan and the check or
preauthorized charge with which Borrower pays is later dishonored.

RIGHT OF SETOFF.  Borrower grants to Lender a contractual possessory
security interest in, and hereby assigns, conveys, delivers, pledges, and
transfers to Lender all Borrower's right, title and interest in and to,
Borrower's accounts with Lender (whether checking, savings, or some other
account), including without limitation all accounts held jointly with
someone else and all accounts Borrower may open in the future, excluding
however all IRA and Keogh accounts, and all trust accounts for which the
grant of a security interest would be prohibited by law.  Borrower
authorizes Lender, to the extent permitted by applicable law, to charge or
setoff all sums owing on this Note against any and all such accounts.

LINE OF CREDIT.  This Note evidences a revolving line of credit.  Advances
under this Note, as well as directions for payment from Borrower's accounts,
may be requested orally or in writing by Borrower or by an authorized
person.  Lender may, but need not, require that all oral requests be
confirmed in writing.  The following party or parties are authorized to
request advances under the line of credit until Lender receives from
Borrower at Lender's address shown above written notice of revocation of
their authority: Bill Gossett, Proposed President.  Borrower agrees to be
liable for all sums either: (a) advanced in accordance with the instructions
of an authorized person or (b) credited to any of Borrower's accounts with
Lender.  The unpaid principal balance owing on this Note at any time may be
evidenced by endorsements on this Note or by Lender's internal records,
including daily computer print-outs.  Lender will have no obligation to
advance funds under this Note if: (a) Borrower or any guarantor is in
default under the terms of this Note or any agreement that Borrower or any
guarantor has with Lender, including any agreement made in connection with
the signing of this Note; (b) Borrower or any guarantor ceases doing
business or is insolvent; (c) any guarantor seeks, claims or otherwise
attempts to limit, modify or revoke such guarantor's guarantee of this Note
or any other loan with Lender; (d) Borrower has applied funds provided
pursuant to this Note for purposes other than those authorized by Lender; or
(e) Lender in good faith deems itself insecure under this Note or any other
agreement between Lender and Borrower.

ARBITRATION.  Lender and Borrower agree that all disputes, claims and
controversies between them, whether individual, joint, or class in nature,
arising from this Note or otherwise, including without limitation contract
and tort disputes, shall be arbitrated pursuant to the Rules of the American
Arbitration Association, upon request of either party.  No act to take or
dispose of any collateral securing this Note shall constitute a waiver of
this arbitration agreement or be prohibited by this arbitration agreement.
This includes, without limitation, obtaining injunctive relief or a
temporary restraining order; invoking a power of sale under any deed of
trust or mortgage; obtaining a writ of attachment or imposition of a
receiver; or exercising any rights relating to personal property, including
taking or disposing of such property with or without judicial process
pursuant to Article 9 of the Uniform Commercial Code.  Any disputes, claims,
or controversies concerning the lawfulness or reasonableness of any act, or
exercise of any right, concerning any collateral securing this Note,
including any claim to rescind, reform, or otherwise modify any agreement
relating to the collateral securing this Note, shall also be arbitrated,
provided however that no arbitrator shall have the right or the power to
enjoin or restrain any act of any party.  Judgment upon any award rendered
by any arbitrator may be entered in any court having jurisdiction.  Nothing
in this Note shall preclude any party from seeking equitable relief from a
court of competent jurisdiction.  The statute of limitations, estoppel,
waiver, laches, and similar doctrines which would otherwise be applicable in
an action brought by a party shall be applicable in any arbitration
proceeding, and the commencement of an arbitration proceeding shall be
deemed the commencement of an action for these purposes.  The Federal
Arbitration Act shall apply to the construction, interpretation, and
enforcement of this arbitration provision.

ACCRUAL METHOD.  interest will be calculated on an Actual/360 basis.

GENERAL PROVISIONS.  Lender may delay or forgo enforcing any of its rights
or remedies under this Note without losing them.  Borrower and any other
person who signs, guarantees or endorses this Note, to the extent allowed by
law, waive presentment, demand for payment, protest and notice of dishonor.
Upon any change in the terms of this Note, and unless otherwise expressly
stated in writing, no party who signs this Note, whether as maker,
guarantor, accommodation maker or endorser, shall be released from
liability.  All such parties waive any right to require Lender to take
action against any other party who signs this Note as provided in O.C.G.A.
Section 10-7-24 and agree that Lender may renew or extend (repeatedly and
for any length of time) this loan, or release any party or guarantor or
collateral; or impair, fail to realize upon or perfect Lender's security
interest in the collateral; and take any other action deemed necessary by
Lender without the consent of or notice to anyone.  All such parties also
agree that Lender may modify this loan without the consent of or notice to
anyone other than the party with whom the modification is made.

IN WITNESS WHEREOF, THIS NOTE HAS BEEN SIGNED AND SEALED BY THE UNDERSIGNED,
WHO ACKNOWLEDGES A COMPLETED COPY HEREOF.

BORROWER:

ISLANDS BANCORP

By:  /s/ William B. Gossett              (SEAL)
     ------------------------------------
     Bill Gossett, Proposed President

LENDER:

THE BANKERS BANK

By:  ------------------------------------
     Authorized Officer

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Variable Rate. Line of Credit. LASER PRO, Reg. U.S. Pat. & T.M. Off., Ver.
3.24a(c) 1999 CFI ProServices, Inc. All rights reserved.  [GA-D20 E3.24
FUTURUS.LN C1.OVL]

                           COMMERCIAL GUARANTY

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                                     Loan       Collat-         Off-
 Principal   Loan Date    Maturity    No   Call  eral  Account  icer  Initials
 ---------   ---------    --------   ----  ----  ----  -------  ----  --------

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Reference in the shaded area are for Lender's use only and do not limit the
applicability of this document to any particular loan or item.

Borrower:  ISLANDS BANCORP                  Lender:  THE BANKERS BANK
           500 Carteret Street, Suite A              2410 PACES FERRY ROAD
           Beaufort, SC  29902                       600 PACES SUMMIT
                                                     ATLANTA, GA 30339

Guarantor:

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AMOUNT OF GUARANTY.  The principal amount of this Guaranty is 100.000% of
all amounts due now or later from Borrower to Lender as provided below,
however, in no event to exceed Dollars ($____________________).

GUARANTY.  In consideration of the sum of Five Dollars ($5.00) and other
good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged by Guarantor and to induce Lender to make loans or
otherwise extend credit to Borrower, or to renew or extend in whole or in
part any existing indebtedness of Borrower to Lender, or to make other
financial accommodations to Borrower, ____________________("Guarantor")
absolutely and unconditionally guarantees and promises to pay to THE BANKERS
BANK ("Lender") or its order, in legal tender of the United States of
America, 100.000% of the indebtedness (as that term is defined below) of
ISLANDS BANCORP ("Borrower") to Lender on the terms and conditions set
forth in this Guaranty.  The obligations of Guarantors under this Guaranty
are continuing.  Guarantor agrees that Lender, in its sole discretion, may
determine which portion of Borrower's indebtedness is covered by Guarantor's
percentage guaranty.

DEFINITIONS.  The following words shall have the following meanings when
used in this Guaranty:

Borrower.  The word "Borrower" means ISLANDS BANCORP

Guarantor.  The word "Guarantor" means ____________________.

Guaranty.  The word "Guaranty" means this Guaranty made by Guarantor
for the benefit of Lender dated _____________, 2000.

Indebtedness.  The word "Indebtedness" is used in its most
comprehensive sense and means and includes any and all of Borrower's
liabilities, obligations, debts, and indebtedness to Lender, now
existing or hereinafter incurred or created, including, without
limitation, all loans, advances, interest, costs, debts, overdraft
indebtedness, credit card indebtedness, lease obligations, other
obligations, and liabilities of Borrower, or any of them, and any
present or future judgments against Borrower, or any of them; and
whether any such indebtedness is voluntarily or involuntarily incurred,
due or not due, absolute or contingent, liquidated or unliquidated,
determined or undetermined; whether Borrower may be liable individually
or jointly with others, or primarily or secondarily, or as guarantor or
surety; whether recovery on the indebtedness may be or may become barred
or unenforceable against Borrower for any reason whatsoever; and whether
the indebtedness arises from transactions which may be voidable on
account of infancy, insanity, ultra vires, or otherwise.

Lender.  The word "Lender" means THE BANKERS BANK, its successors and
assigns.

Related Documents.  The word "Related Documents" mean and include
without limitation all promissory notes, credit agreements, loan
agreements, environmental agreements, guarantees, security agreements,
security deeds, mortgages, deeds of trust, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in
connection with the Indebtedness.

MAXIMUM LIABILITY.  The maximum liability of Guarantor under this Guaranty
shall not exceed at any one time the sum of the principal amount of
$__________, plus all interest thereon, plus all of Lender's costs,
expenses, and attorneys' fees incurred in connection with or relating to (a)
the collection of the indebtedness, (b) the collection and sale of any
collateral for the indebtedness or this Guaranty, or (c) the enforcement of
this Guaranty.  Attorneys' fees include, without limitation, attorneys' fees
whether or not there is a lawsuit, and if there is a lawsuit, any fees and
costs for trial and appeals.

The above limitation on liability is not a restriction on the amount of the
Indebtedness of Borrower to Lender, either in the aggregate or at any one
time.  If Lender presently holds one or more guaranties, or hereafter
receives additional guaranties from Guarantor, the rights of Lender under
all guaranties shall be cumulative.  This Guaranty shall not (unless
specifically provided below to the contrary) affect or invalidate any such
other guaranties.  The liability of Guarantor will be the aggregate
liability of Guarantor under the terms of this Guaranty and any such other
unterminated guaranties.

NATURE OF GUARANTY.  Guarantor's liability under the Guaranty shall be open
and continues for so long as this Guaranty remains in force.  Guarantor
intends to guarantee at all times the performance and prompt payment when
due, whether at maturity or earlier by reason of acceleration or otherwise,
of all Indebtedness within the limits set forth in the preceding section of
this Guaranty.  Accordingly, no payments made upon the indebtedness will
discharge or diminish the continuing liability of Guarantor in connection
with any remaining portion of the indebtedness or any of the indebtedness
which subsequently arises or is thereafter incurred or contracted.

DURATION OF GUARANTY.  This Guaranty will take effect when received by
Lender without the necessity of any acceptance by Lender, or any notice to
Guarantor or to Borrower, and will continue in full force until all
indebtedness incurred or contracted before receipt by Lender of any notice
of revocation shall have been fully and finally paid and satisfied and all
other obligations of Guarantor under this Guaranty shall have been performed
in full.  If Guarantor elects to revoke this Guaranty, Guarantor may only do
so in writing.  Guarantor's written notice of revocation must be mailed to
Lender, by certified mail, at the address of Lender listed above or such
other place as Lender may designate in writing.  Written revocation of this
Guaranty will apply only to advances or new indebtedness created after
actual receipt by Lender of Guarantor's written revocation.  For this
purpose and without limitation, the term "new indebtedness" does not
include indebtedness which at the time of notice of revocation is
contingent, unliquidated, undetermined or not due and which later becomes
absolute, liquidated, determined or due.  This Guaranty will continue to
bind Guarantor for all Indebtedness incurred by Borrower or committed by
Lender prior to receipt of Guarantor's written notice of revocation,
including any extensions, renewals, substitutions or modifications of the
indebtedness.  All renewals, extensions, substitutions, and modifications of
the indebtedness granted after Guarantor's revocation, are contemplated
under this Guaranty and, specifically will not be considered to be new
Indebtedness.  This Guaranty shall bind the estate of Guarantor as to
Indebtedness created both before and after the death or incapacity of
Guarantor, regardless of Lender's actual notice of Guarantor's death.
Subject to the foregoing, Guarantor's executor or administrator or other
legal representative may terminate this Guaranty in the same manner in which
Guarantor might have terminated it and with the same effect.  Release of any
other guarantor or termination of any other guaranty of the Indebtedness
shall not affect the liability of Guarantor under this Guaranty.  A
revocation received by Lender from any one or more Guarantors shall not
affect the liability of any remaining Guarantors under this Guaranty.  It is
anticipated that fluctuations may occur in the aggregate amount of
Indebtedness covered by the Guaranty, and it is specifically acknowledged
and agreed by Guarantor that reductions in the amount of Indebtedness, even
to zero dollars ($0.00), prior to written revocation of this Guaranty by
Guarantor shall not constitute a termination of this Guaranty.  This
Guaranty is binding upon Guarantor and Guarantor's heirs, successors and
assigns so long as any of the guaranteed indebtedness remains unpaid and
even though the indebtedness guaranteed may from time to time be zero
dollars ($0.00).

GUARANTOR'S AUTHORIZATION TO LENDER.  Guarantor authorizes Lender, without
notice or demand and without lessening Guarantor's liability under this
Guaranty, from time to time: (a) to make one or more additional secured or
unsecured loans to Borrower, to lease equipment or other goods to Borrower,
or otherwise to extend additional credit to Borrower; (b) to alter,
compromise, renew, extend, accelerate, or otherwise change one or more times
the time for payment or other terms of the Indebtedness or any part of the
Indebtedness, including increases and decreases of the rate of interest on
the Indebtedness; extensions may be repeated and may be for longer than the
original loan term; (c) to take and hold security for the payment of this
Guaranty or the Indebtedness, and exchange, enforce, waive, subordinate,
fail or decide not to perfect, and release any such security, with or
without the substitution of new collateral; (d) to release, substitute,
agree not to sue, or deal with any one or more of Borrower's sureties,
endorsers, or other guarantors on any terms or in any manner Lender may
choose; (e) to determine how, when and what application of payments and
credits shall be made on the Indebtedness; (f) to apply such security and
direct the order or manner of sale thereof, including without limitation,
any nonjudicial sale permitted by the terms of the controlling security
agreement or deed of trust, as Lender in its discretion may determine; (g)
to sell, transfer, assign, or grant participations in all or any part of the
Indebtedness; and (h) to assign or transfer this Guaranty in whole or in
part.

GUARANTOR'S AUTHORIZATION TO LENDER.  Guarantor authorizes Lender, either
before or after any revocation hereof, without notice or demand and without
lessening Guarantor's liability under this Guaranty, from time to time:
(a) prior to revocation as set forth above, to make one or more additional
secured or unsecured loans to Borrower, to lease equipment or other goods to
Borrower, or otherwise to extend additional credit to Borrower; (b) to
alter, compromise, renew, extend, accelerate, or otherwise change one or
more times the time for payment or other terms of the Indebtedness or any
part of the Indebtedness, including increases and decreases of the rate of
interest on the Indebtedness; extensions may be repeated and may be for
longer than the original loan term; (c) to take and hold security for the
payment of this Guaranty or the Indebtedness, and exchange, enforce, waive,
subordinate, fail or decide not to perfect, and release any such security,
with or without the substitution of new collateral; (d) to release,
substitute, agree not to sue, or deal with any one or more of Borrower's
sureties, endorsers, or other guarantors on any terms or in any manner
Lender may choose; (e) to determine how, when and what application of
payments and credits shall be made on the Indebtedness; (f) to apply such
security and direct the order or manner of sale thereof, including without
limitation, any nonjudicial sale permitted by the terms of the controlling
security agreement or deed of trust, as Lender in its discretion may
determine; (g) to sell, transfer, assign, or grant participations in all or
any part of the Indebtedness; and (h) to assign or transfer this Guaranty in
whole or in part.

GUARANTOR'S REPRESENTATIONS AND WARRANTIES.  Guarantor represents and
warrants to Lender that (a) no representations or agreements of any kind
have been made to Guarantor which would limit or qualify in any way the
terms of this Guaranty; (b) this Guaranty is executed at Borrower's request
and not at the request of Lender; (c) Guarantor has full power, right and
authority to enter into this Guaranty; (d) the provisions of this Guaranty
do not conflict with or result in a default under any agreement or other
instrument binding upon Guarantor and do not result in violation of any law,
regulation, court decree or order applicable to Guarantor; (e) Guarantor has
not and will not, without the prior written consent of Lender, sell, lease,
assign, encumber, hypothecate, transfer, or otherwise dispose of all or
substantially all of Guarantor's assets, or any interest therein; (f) upon
Lender's request, Guarantor will provide to Lender financial and credit
information in form acceptable to Lender, and all such financial information
which currently has been, and all future financial information which will be
provided to Lender is and will be true and correct in all material respects
and fairly present the financial condition of Guarantor as of the dates the
financial information is provided; (g) no material adverse change has
occurred in Guarantor's financial condition since the date of the most
recent financial statements provided to Lender and no event has occurred
which may materially adversely affect Guarantor's financial condition; (h)
no litigation, claim, investigation, administrative proceeding or similar
action (including those for unpaid taxes) against Guarantor is pending or
threatened; (i) Lender has made no representation to Guarantor as to the
creditworthiness of Borrower; and (j) Guarantor has established adequate
means of obtaining from Borrower on a continuing basis information regarding
Borrower's financial condition.  Guarantor agrees to keep adequately
informed from such means of any facts, events, or circumstances which might
in any way affect Guarantor's risks under this Guaranty, and Guarantor
further agrees that, absent a request for information, Lender shall have no
obligation to disclose to Guarantor any information or documents acquired by
Lender in the course of its relationship with Borrower.

GUARANTOR'S WAIVERS.  Except as prohibited by applicable law, Guarantor
waives any right to require Lender (a) to continue lending money or to
extend other credit to Borrower; (b) to make any presentment, protest,
demand, or notice of any kind, including notice of any nonpayment of the
Indebtedness or of any nonpayment related to any collateral, or notice of
any action or nonaction on the part of Borrower, Lender, any surety,
endorser, or other guarantor in connection with the Indebtedness or in
connection with the creation of new or additional loans or obligations; (c)
to resort for payment or to proceed directly or at once against any person,
including Borrower or any other guarantor; (d) to proceed directly against
or exhaust any collateral held by Lender from Borrower, any other guarantor,
or any other person; (e) to give notice of the terms, time, and place of any
public or private sale of personal property security held by Lender from
Borrower or to comply with any other applicable provisions of the Uniform
Commercial Code; (f) to pursue any other remedy within Lender's power; or
(g) to commit any act or omission, of any kind, or at any time, with respect
to any matter whatsoever.

If now or hereafter (a) Borrower shall be or become insolvent, and (b) the
Indebtedness shall not at all times until paid be fully secured by
collateral pledged by Borrower, Guarantor hereby forever waives and
relinquishes in favor of Lender and Borrower, and their respective
successors, any claim or right to payment Guarantor may now have or
hereafter have or acquire against Borrower, by subrogation or otherwise, so
that at no time shall Guarantor be or become a "creditor" of Borrower
within the meaning of 11 U.S.C. Section 547(b), or any successor provision
of the Federal bankruptcy laws.

Guarantor also waives any and all rights or defenses arising by reason of
(a) the provisions of O.C.G.A. Section 10-7-24 concerning Guarantor's right
to require Lender to take action against Borrower or any "one action" or
"anti-deficiency" law or any other law which may prevent Lender from
bringing any action, including a claim for deficiency, against Guarantor,
before or after Lender's commencement or completion of any foreclosure
action, either judicially or by exercise of a power of sale; (b) any
election of remedies by Lender which destroys or otherwise adversely affects
Guarantor's subrogation rights or Guarantor's rights to proceed against
Borrower for reimbursement, including without limitation, any loss of rights
Guarantor may suffer by reason of any law limiting, qualifying, or
discharging the Indebtedness; (c) any disability or other defense of
Borrower, of any other guarantor, or of any other person, or by reason of
the cessation of Borrower's liability from any cause whatsoever, other than
payment in full in legal tender, of the Indebtedness; (d) any right to claim
discharge of the Indebtedness on the basis of unjustified impairment of any
collateral for the Indebtedness; (e) any statue of limitation, if at any
time any action or suit brought by Lender against Guarantor is commenced
there is outstanding Indebtedness of Borrower to Lender which is not barred
by any applicable statute of limitations; or (f) any defenses given to
guarantors at law or in equity other than actual payment and performance of
the Indebtedness.  If payment is made by Borrower, whether voluntarily or
otherwise, or by any third party, on the Indebtedness and thereafter Lender
is forced to remit the amount of that payment to Borrower's trustee in
bankruptcy or to any similar person under any federal or state bankruptcy
law or law for the relief of debtors, the Indebtedness shall be considered
unpaid for the purpose of enforcement of this Guaranty.

Guarantor further waives and agrees not to assert or claim at any time any
deductions to the amount guaranteed under this Guaranty for any claim of
setoff, counterclaim, counter demand, recoupment or similar right, whether
such claim, demand or right may be asserted by the Borrower, the Guarantor,
or both.

GUARANTOR'S UNDERSTANDING WITH RESPECT TO WAIVERS.  Guarantor warrants and
agrees that each of the waivers set forth above is made with Guarantor's
full knowledge of its significance and consequences and that, under the
circumstances, the waivers are reasonable and not contrary to public policy
or law.  If any such waiver is determined to be contrary to any applicable
law or public policy, such waiver shall be effective only to the extent
permitted by law or public policy.

LENDER'S RIGHT OF SETOFF.  In addition to all liens upon and rights of
setoff against the moneys, securities or other property of Guarantor given
to Lender by law, Lender shall have, with respect to Guarantor's obligations
to Lender under this Guaranty and to the extent permitted by law, a
contractual possessory security interest in and a right of setoff against,
and Guarantor hereby assigns, conveys, delivers, pledges, and transfers to
Lender all of Guarantor's right, title and interest in and to, all deposits,
moneys, securities and other property of Guarantor now or hereafter in the
possession of or on deposit with Lender, whether held in a general or
special account or deposit, whether held jointly with someone else, or
whether held for safekeeping or otherwise, excluding however all IRA, Keogh,
and trust accounts.  Every such security interest and right of setoff may be
exercised without demand upon or notice to Guarantor.  No security interest
or right of setoff shall be deemed to have been waived by any act or conduct
on the part of Lender or by any neglect to exercise such right of setoff or
to enforce such security interest or by any delay in so doing.  Every right
of setoff and security interest shall continue in full force and effect
until such right of setoff or security interest is specifically waived or
released by an instrument in writing executed by Lender.

SUBORDINATION OF BORROWER'S DEBTS TO GUARANTOR.  Guarantor agrees that the
Indebtedness of Borrower to Lender, whether now existing or hereafter
created, shall be prior to any claim that Guarantor may now have or
hereafter acquire against Borrower, whether or not Borrower becomes
insolvent.  Guarantor hereby expressly subordinates any claim Guarantor may
have against Borrower, upon any account whatsoever, to any claim that Lender
may now or hereafter have against Borrower.  In the event of insolvency and
consequent liquidation of the assets of Borrower, through bankruptcy, by an
assignment for the benefit of creditors, by voluntary liquidation, or
otherwise, the assets of Borrower applicable to the payment of the claims of
both Lender and Guarantor shall be paid to Lender and shall be first applied
by Lender to the Indebtedness of Borrower to Lender.  Guarantor does hereby
assign to Lender all claims which it may have or acquire against Borrower or
against any assignee or trustee in bankruptcy of Borrower; provided however,
that such assignment shall be effective only for the purpose of assuring to
Lender full payment in legal tender of the Indebtedness.  If Lender so
requests, any notes or credit agreements now or hereafter evidencing any
debts or obligations of Borrower to Guarantor shall be marked with a legend
that the same are subject to this Guaranty and shall be delivered to Lender.
Guarantor agrees, and Lender hereby is authorized, in the name of Guarantor,
from time to time to execute and file financing statements and continuation
statements and to execute such other documents and to take such other
actions as Lender deems necessary or appropriate to perfect, preserve and
enforce its rights under this Guaranty.

MISCELLANEOUS PROVISIONS.  The following miscellaneous provisions are a part
of this Guaranty:

Amendments.  This Guaranty, together with any Related Documents,
constitutes the entire understanding and agreement of the parties as to
the matters set forth in this Guaranty.  No alteration of or amendment
to this Guaranty shall be effective unless given in writing and signed
by the party or parties sought to be charged or bound by the alteration
or amendment.

Applicable Law.  This Guaranty has been delivered to Lender and accepted
by Lender in the State of Georgia.  Subject to the provisions on
arbitration, this Guaranty shall be governed by and construed in
accordance with the laws of the State of Georgia.

Arbitration.  Lender and Guarantor agree that all disputes, claims and
controversies between them, whether individual, joint, or class in
nature, arising from this Guaranty or otherwise, including without
limitation contract and tort disputes, shall be arbitrated pursuant to
the Rules of the American Arbitration Association, upon request of
either party.  No act to take or dispose of any Collateral shall
constitute a waiver of this arbitration agreement or be prohibited by
this arbitration agreement.  This includes, without limitation,
obtaining injunctive relief or a temporary restraining order; invoking a
power of sale under any deed of trust or mortgage; obtaining a writ of
attachment or imposition of a receiver; or exercising any rights
relating to personal property, including taking or disposing of such
property with or without judicial process pursuant to Article 9 of the
Uniform Commercial Code.  Any disputes, claims, or controversies
concerning the lawfulness or reasonableness of any act, or exercise of
any right, concerning any Collateral, including any claim to rescind,
reform, or otherwise modify any agreement relating to the Collateral,
shall also be arbitrated, provided however that no arbitrator shall have
the right or the power to enjoin or restrain any act of any party.
Judgment upon any award rendered by any arbitrator may be entered in any
court having jurisdiction.  Nothing in this Guaranty shall preclude any
party from seeking equitable relief from a court of competent
jurisdiction.  The statute of limitations, estoppel, waiver, laches, and
similar doctrines which would otherwise be applicable in an action
brought by a party shall be applicable in any arbitration proceeding,
and the commencement of an arbitration proceeding shall be deemed the
commencement of an action for these purposes.  The Federal Arbitration
Act shall apply to the construction, interpretation, and enforcement of
this arbitration provision.

Attorneys' Fees; Expenses:  Guarantor agrees to pay upon demand all of
Lender's costs and expenses, including attorneys' fees and Lender's
legal expenses, incurred in connection with the enforcement of this
Guaranty.  Lender may pay someone else to help enforce this Guaranty,
and Guarantor shall pay the costs and expenses of such enforcement.
Costs and expenses include all costs and expenses of collection,
including fifteen percent (15%) of the principal plus accrued interest
as attorneys' fees, if any sums owing under this Guaranty are collected
by or through an attorney-at-law, whether or not there is a lawsuit,
including attorneys' fees and legal expenses for bankruptcy proceedings
(and including efforts to modify or vacate any automatic stay or
injunction), appeals, and any anticipated post-judgment collection
services.  Guarantor also shall pay all court costs and such additional
fees as may be directed by the court.

Notices.  All notices required to be given by either party to the other
under this Guaranty shall be in writing, may be sent by telefacsimile
(unless otherwise required by law), and shall be effective when actually
delivered or when deposited with a nationally recognized overnight
courier, or when deposited in the United States mail, first class
postage prepaid, addressed to the party to whom the notice is to be
given at the address shown above or to such other addressee as either
party may designate to the other in writing.  All revocation notices by
Guarantor shall be in writing and shall be effective only upon delivery
to Lender as provided above in the section titled "Duration of
Guaranty."  If there is more than one Guarantor, notice to any
Guarantor will constitute notice to all Guarantors.  For notice
purposes, Guarantor agrees to keep Lender informed at all times of
Guarantor's current address.

Interpretation.  In all cases where there is more than one Borrower or
Guarantor, then all words used in this Guaranty in the singular shall be
deemed to have been used in the plural where the context and
construction so require; and where there is more than one Borrower named
in this Guaranty or when this Guaranty is executed by more than one
Guarantor, the words "Borrower" and "Guarantor" respectively shall
mean all and any one or more of them.  The words "Guarantor"
"Borrower" and "Lender" include the heirs, successors, assigns, and
transferees of each of them.  Caption headings in this Guaranty are for
convenience purposes only and are not to be used to interpret or define
the provisions of this Guaranty.  If a court of competent jurisdiction
finds any provision of this Guaranty to be invalid or unenforceable as
to any person or circumstance, such finding shall not render that
provision invalid or unenforceable as to any other persons or
circumstances, and all provisions of this Guaranty in all other respects
shall remain valid and enforceable.  If any one or more of Borrower or
Guarantor are corporations or partnerships, it is not necessary for
Lender to inquire into the powers of Borrower or Guarantor or of the
officers, directors, partners, or agents acting or purporting to act on
their behalf, and any Indebtedness made or created in reliance upon the
professed exercise of such powers shall be guaranteed under this
Guaranty.

Waiver.  Lender shall not be deemed to have waived any rights under this
Guaranty unless such waiver is given in writing and signed by Lender.
No delay or omission on the part of Lender in exercising any right shall
operate as a waiver of such right or any other right.  A waiver by
Lender of a provision of this Guaranty shall not prejudice or constitute
a waiver of Lender's right otherwise to demand strict compliance with
that provision or any other provision of this Guaranty.  No prior waiver
by Lender, nor any course of dealing between Lender and Guarantor, shall
constitute a waiver of any of Lender's rights or of any of Guarantor's
obligations as to any future transactions.  Whenever the consent of
Lender is required under this Guaranty, the granting of such consent by
Lender in any instance shall not constitute continuing consent to
subsequent instances where such consent is required and in all cases
such consent may be granted or withheld in the sole discretion of
Lender.

EACH UNDERSIGNED GUARANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS
GUARANTY AND AGREES TO ITS TERMS.  IN ADDITION, EACH GUARANTOR UNDERSTANDS
THAT THIS GUARANTY IS EFFECTIVE UPON GUARANTOR'S EXECUTION AND DELIVERY OF
THIS GUARANTY TO LENDER AND THAT THE GUARANTY WILL CONTINUE UNTIL TERMINATED
IN THE MANNER SET FORTH IN THE SECTION TITLED "DURATION OF GUARANTY." NO
FORMAL ACCEPTANCE BY LENDER IS NECESSARY TO MAKE THIS GUARANTY EFFECTIVE.
THIS GUARANTY IS DATED _______________, 2000.

IN WITNESS WHEREOF, THIS GUARANTY HAS BEEN SIGNED AND SEALED BY THE
UNDERSIGNED, WHO ACKNOWLEDGES A COMPLETED COPY HEREOF.

GUARANTOR:

X  _______________________________ (SEAL)

Signed, Sealed and Delivered in the presence of:

X  _______________________________
   Unofficial Witness

X  _______________________________
   Notary Public _______________ County

             (NOTARY SEAL)

My Commission expires: _______________________
LENDER:

THE BANKERS BANK

By: _______________________________
    Authorized Officer

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LASER PRO, REG. U.S. Pat. & T.M. Off., Ver. 3-24a(c) 1999 CFI ProServices,
Inc.  All rights reserved.  (GA-E320 E3.24 F3-24 FUTURUS, LN C1.OVL)EMPLOYMENT AND NON-COMPETITION AGREEMENT - Robert D. Morton

EMPLOYMENT AND NON-COMPETITION AGREEMENT

THIS AGREEMENT made as of the 1st day of February, 2000 by and among SOUTHINGTON SAVINGS BANK, with its principal offices at 121 Main Street, Southington, CT 06489 (The "Bank"), BANCORP
CONNECTICUT, INC., with its principal offices at 121 Main Street, Southington, CT 06489 (the "Parent
Corp.") and ROBERT D. MORTON, an individual residing in Southington, CT (the "Executive").

W I T N E S S E T H:

Executive is currently employed by the Bank as its President and Chief Executive Officer and by the Parent Corp. as its President and Chief Executive Officer. This Agreement is entered into to set
forth the terms of Executive's employment with the Bank and Parent Corp. and in order to ensure that the Bank and the Parent Corp. will have the continued attention and dedication of Executive, notwithstanding the possibility, threat or occurrence of a
"Change of Control" (as defined below) of the Bank or the Parent
Corp.. Accordingly, in consideration of the mutual promises and covenants contained herein, including but not limited to, the severance benefits provided to Executive by Bank or the Parent Corp. in the circumstances set forth below, and Executive's
having access to Bank's and/or the Parent Corp.'s confidential business and technological information, the parties agree as follows:

1.     DEFINITIONS

Where used in this Agreement:

A.     "Cause" shall mean (a) the willful, repeated or continued failure by the Executive to perform duties reasonably requested of him hereunder, after Executive is
notified in writing of such failure and fails to cure same within 15 days following his receipt of such notice; (b) commission by the Executive of a felony or a crime involving moral turpitude; (c) repeated misuse by the Executive of alcohol or controlled
substances; (d) deception, fraud, misrepresentation, dishonesty, breach of fiduciary duty involving personal profit; (e) any act or omission by the Executive which substantially impairs the Bank's business, good will or reputation; (f) any willful
violation by the Executive of any relevant and material law, rule or regulation of which Executive is aware or reasonably should have been aware, after Executive is notified in writing of such violation and fails to cure such violation within 15 days
following his receipt of such notice (unless such violation is incapable of being cured, in which case no such notice or opportunity to cure shall be required): (g) any other material violation of any provision of this Agreement, including, but not
limited to, restrictive covenants against competition and disclosure of confidential information, after Executive is notified in writing of such violation and fails to cure such violation within 15 days following his receipt of such notice (unless such
violation is incapable of being cured, in which case no such notice or opportunity to cure shall be required); (h) Executive's removal and/or permanent prohibition from participating in the conduct of the Bank's affairs by the Commissioner of Banking of
the State of Connecticut or the FDIC; or (i) termination of all obligations of the Bank and/or the Parent Corp. under this Agreement by the FDIC in connection with an agreement to provide financial assistance to or on behalf of the Bank and/or Parent Corp..

B.     "Change
of Control" shall mean, with respect to either the Bank or the Parent Corp., the occurrence of any of the following:

          (a)     The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2)
of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of either (i) the then outstanding shares of common stock of
the Bank or the Parent Corp. (The "Outstanding Common Stock") or (ii) the combined voting power of the then outstanding voting securities of the Bank or the Parent Corp. entitled to vote generally in the election of directors (the "Outstanding Voting
Securities"); provided, however, that for purposes of this subparagraph (a), the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Bank or the Parent Corp. (ii) any acquisition by the Bank or the Parent
Corp., (iii) any acquisition by an employee benefit plan (or related trust) sponsored or maintained by the Bank or the Parent Corp. or any corporation controlled by the Bank or the Parent Corp. or (iv) any acquisition by any corporation pursuant to a
transaction which complies with clauses (i), (ii) and (iii) of subparagraph (c) below; or

          (b)    Individuals who, as of the date hereof, are members of the Board of Directors of the Bank or the Parent Corp.
(The "Incumbent Board") cease for any reason to constitute at least a majority of the Board of Directors of the Bank or the Parent Corp.; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or
nomination for election by the Bank's or the Parent Corp.'s shareholders, was approved by a vote of at
lease a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors of the Bank or the
Parent Corp.; or

          (c)     Consummation of a reorganization, merger or consolidation or sale or other disposition of all or
substantially all of the assets of the Bank or the Parent Corp. (a "Business Combination") unless, immediately following such Business Combination, each of the following conditions are satisfied: (i) all or substantially all of the individuals and
entities who were the beneficial owners, respectively, of the Outstanding Common Stock and Outstanding Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than
662/3% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities
entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which, as a result of such transaction, owns the Bank or the Parent
Corp. or all or substantially all of the Bank's or the Parent Corp.'s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding
Common Stock and Outstanding Voting Securities, as the case may be; (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Bank or Parent Corp. or any related corporation
or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined
voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation
resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of such Board, providing for such Business Combination; or

          (d)     Approval by the shareholders of the Bank or the Parent Corp. of a complete liquidation or dissolution of
the Bank or the Parent Corp. that is not pursuant to a business Combination.

C.     "Disability" shall mean the Executive's inability by reason of any physical or mental injury or illness to substantially perform the services required of him
hereunder either for a period in excess of one hundred eighty (180) consecutive days or for a period of one hundred eighty (180) days in the aggregate during any three hundred sixty (360) day period.

2.      EMPLOYMENT DUTIES

(a)     The Bank and Parent Corp. will employ the Executive as its President and Chief Executive Officer. The Executive will continue in such employment for the duration of
the Term of Employment (as set forth below) and will perform all services which may be required of him in such office, and such services and assignments as may be issued by the Bank's Chief Executive Officer, in each case consistent with the title and
responsibilities of his position and his expertise.

(b)     Executive understands and agrees that Executive shall not, while employed by Bank and Parent Corp., undertake or engage in any other employment occupation or
business enterprise without the prior written consent of Bank and Parent Corp.. The provisions of this Paragraph 4 shall not be deemed to preclude membership in professional societies, lecturing or the acceptance of honorary positions, that are in any
case incidental to Executive's employment by Bank and Parent Corp. and which are not adverse or antagonistic to Bank and Parent Corp., their business or prospects, financial or otherwise.

3.     TERM OF EMPLOYMENT

Subject to the renewal provisions of this Agreement, the term of this Agreement shall commence on February 1, 2000 and shall expire on December 31, 2001 (the "Initial Period"), unless terminated
earlier by either party in accordance with the provisions of Paragraph 8. This Agreement shall automatically renew for successive one year periods unless either party (the Bank and the Parent Corp. being considered as one party for purposes of this
Paragraph 3) delivers written notice of its intention not to renew this Agreement at least twelve (12) months prior to the expiration of the then-current term. The phrase "Term of Employment" shall mean the Initial Period and all renewal periods. In the
event that Executive's employment relationship with Bank is terminated, Executive's obligations under Paragraphs 10 and 11 hereof nevertheless shall survive such termination.

4.     COMPENSATION

(a)     For service commencing April 1, 2000, the Executive's base salary will be at the annual rate of Two Hundred Fifty Thousand Five Hundred ($250,500.00) Dollars. The
Bank will review the Executive's salary annually, on or before April 1st of each employment year. The Executive's base salary will not be reduced below $250,500.00 or, if his base salary is increased, below such increased amount.

(b)     The Executive's base salary will be paid at periodic intervals in accordance with the Bank's payroll practices for executive employees.

(c)     The Bank will deduct and withhold, from any payments to the Executive hereunder, any and all federal, state and local income and employment withholding taxes and
any other amounts required to be deducted or withheld by the Bank under applicable law.

5.     EXPENSE REIMBURSEMENT

The Bank shall reimburse the Executive for all customary, ordinary and necessary business expenses incurred by him in the performance of his duties hereunder in accordance with Bank policies and
procedures.

6.     FRINGE BENEFITS

During the Term of Employment, the Executive will be eligible to
participate in any retirement plan, group life insurance plan, group medical and dental insurance plan (same co-payments as applicable to other employees of the Bank), accidental death and dismemberment plan, short-term and long-term disability program
and other employee benefit plans that are made available to other executive officers and for which he qualifies, together with supplemental plans now existing for his benefit. The Executive will be eligible for five (5) weeks of paid vacation during each
calendar year in which he is employed hereunder.

7.     DEATH

If the Executive dies during the Term of Employment, the employment relationship created by this Agreement will terminate, and the Executive's salary shall continue to be paid to his designated
beneficiary or, if none, to his personal representative only through the end of the month in which his death occurred. In addition, the Executive, or his designated beneficiary or personal representative, will be entitled to such death benefits as may be
payable under Paragraph 6.

8.     TERMINATION

(a)    This Agreement may be terminated only under the following circumstances: 

	 	
(i)
	
Any party may terminate this Agreement on thirty (30) days notice to the other party (except as provided below);

	 	
(ii)
	
This Agreement and the Executive's employment shall terminate upon Executive's death or retirement in accordance with the Company's normal retirement policies;

	 	
(iii)
	
If the Executive is disabled within the meaning of Paragraph 1C, the Company may terminate his employment upon not less than thirty (30) days prior written notice unless during such thirty day
period Executive resumes the performance of his duties hereunder on a full-time basis; or

	 	
(iv)
	
The Company may immediately terminate the Executive's employment for "Cause" (as defined above).

(b)     In the event that the Bank or Parent Corp. terminates the Executive's employment due to Disability or pursuant to Section 8(a)(ii), Executive or his estate will be
entitled to receive all accrued salary and benefits through the date of termination, including, without limitation, all benefits to which he is entitled under any disability plans or insurance maintained by the Bank or Parent Corp..

(c)     In the event that the Bank or Parent Corp. terminates the Executive's employment for Cause, or Executive terminates this Agreement pursuant to Section 8(a)(i), the
Executive will be entitled to receive all accrued salary and benefits through the date of termination.

9.     SEVERANCE BENEFIT

(a)     If (i) the Bank or Parent Corp. terminates this Agreement without "Cause" (other than on account of the Executive's death, retirement or "Disability") or (ii) the
Executive voluntarily terminates his employment with six (6) months following the occurrence of a Change of Control, the Executive will be entitled to receive in full satisfaction of the Bank's and Parent Corp.'s obligations to the Executive under this
Agreement (A) all accrued salary and benefits through the effective date of such termination; (B) a severance benefit equal to the sum of (x) thirty-six (36) months pay at Executive's then current base salary payable either in a single lump sum or, at the
Executive's option, over thirty-six (36) month period in accordance with the Bank's regular payroll cycle and (y) three times the most recent annual bonus received by Executive from the Bank or the Parent Corp.; and (C) all benefits then owed to Executive
under all employee benefit plans maintained by the Bank and/or the Parent Corp.. In addition, all stock options granted to the Executive by the Bank and/or the Parent Corp. shall be fully exercisable, except to the extent that the acceleration of vesting
thereunder will materially adversely affect the accounting treatment applicable to any Change of Control. In addition, Executive shall continue to receive paid coverage (subject to his payment of the same share of the premium cost as is paid by other Bank
employees) under the Bank's group health insurance plan (as such plan may be modified from time to time), in accordance with Executive's coverage elections in effect immediately prior to his termination of employment, for a period commencing at the
termination of his employment and ending at the earlier of (i) twelve (12) months thereafter; or (ii) the date on which Executive obtains coverage under another employer's group health plan, in which case Executive's participation in the Bank's plan will
terminate. Thereafter, the Executive shall have whatever rights are available to him under the Consolidation Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA").

(b)     Except as expressly set forth above, the foregoing payments and benefits to the Executive shall not be reduced by the amount of any compensation or benefits
received by the Executive from other employers following the termination of this Agreement.

10.     CONFIDENTIALITY

The Executive has been, and will in the future be, exposed to confidential information of the Bank and/or the Parent Corp., including, but not limited to, financial information, business plans,
product and service ideas, new and existing customer lists, vendor lists, account information, pricing policies, trade secrets, methods, procedures and confidential information of the Bank's and/or the Parent Corp.'s customers (the "Confidential
Information"). The Executive agrees as follows: 

(a)     All Confidential Information expressly is understood to be the property of the Bank and/or its customers.
All such Confidential Information and any other records or documents of the Bank in the possession or control of Executive shall be returned to the Bank immediately upon the cessation of the Executive's employment with the Bank. 

          (b)     The
Executive shall keep all Confidential Information strictly confidential, and
shall not use such Confidential Information on his own behalf or on behalf of
any third parties or disclose the same to any third parties, either directly or
indirectly, except in furtherance of the Bank's business or as the Bank may
direct.

11.     POST-EMPLOYMENT RESTRICTIONS ON COMPETITION

          (a)     In consideration of the severance benefits provided to the Executive herein, which Executive
acknowledges he would not otherwise be entitled to in the absence of this Agreement, the Executive covenants and agrees that, for a period of one (1) year following the voluntary termination by Executive of his employment with the Bank pursuant to Section
8(a)(i) for any reason (except following a Change of Control), he will not accept employment or otherwise provide services in the position or function of President and Chief Executive Officer or in any similar capacity to any bank headquartered or having
its Connecticut operations headquartered within the "Restricted Territory" set forth on Exhibit A. The foregoing restriction applies solely to the Executive's employment or performance of services to banks headquartered or having their Connecticut
operations headquartered within the Restricted Territory. In addition, the Executive covenants and agrees that, during the term of this Agreement and for a period of one (1) year following the termination of his employment with the Bank for any reason, he
will not encourage or solicit directly or indirectly any employee of the Bank (i) to leave the Bank for any reason or (ii) to devote less that all of his or her efforts to the Bank's business.

          (b)     The Executive and the Bank acknowledge and agree that they have attempted to limit Executive's ability
to compete with the Bank only to a reasonable extent. It is the desire and intent of the parties hereto that the provisions of this Agreement shall be enforced to the fullest extent permissible under the laws and public policies applied in each
jurisdiction in which enforcement is sought. However, the Executive and the Bank agree that if a court finds that the scope of any one or more of the provisions contained in this Paragraph 11 shall, for any reason, be invalid, illegal, excessively broad,
unreasonable, or unenforceable in any respect, then the court may modify the covenant to render it reasonable.

12.     SEVERABILITY

If any provision, paragraph, or subparagraph of this Agreement is determined by a Court to be void, invalid, illegal, unreasonable or unenforceable, in whole or in part, this adjudication shall not
affect the validity of any other provision in this Agreement. Each provision, paragraph or subparagraph of this Agreement is severable from every other provision, paragraph and subparagraph and constitutes a separate and distinct covenant.

13.     REMEDIES

The Executive acknowledges and agrees that compliance with the confidentiality obligations and non-competition contained in this Agreement is necessary and essential to protect the business and
goodwill of Bank and/or the Parent Corp., and that a breach of this Agreement by the Executive will result in irreparable and continuing damage to Bank and/or the Parent Corp., for which money damages would not provide adequate relief. Consequently,
Executive agrees that, in the event that he breaches or threatens to breach the confidentiality obligations contained in this Agreement, the Bank and/or the Parent Corp., shall be entitled to either or both:

          (a)     immediate injunctive relief in order to prevent the continuation of such harm to Bank and/or to the
Parent Corp. and to enforce the terms of this Agreement without the necessity of posting a bond; and

          (b)     money damages insofar as they can be determined.

Nothing in this Agreement shall be construed to prohibit Bank from pursuing any other remedy, the parties having agreed that all remedies are cumulative.

14.     GOVERNING LAW AND JURISDICTION

This Agreement and the enforceability thereof shall be governed by and construed in accordance with the laws of the State of Connecticut. Any action or proceeding arising out of or relating to this
Agreement may be commenced in any state court or United States District Court located in the State of Connecticut.

15.     MODIFICATION

The Parent Corp., the Bank and
the Executive agree that this Agreement may not be modified or amended except by a written instrument executed by Executive and an authorized officer of Bank and the Parent Corp..

16.     COMPLETE AGREEMENT

This Agreement constitutes the entire agreement among the Parent Corp., the Bank and Executive and shall supersede and prevail over all other prior agreements, understandings or representations by
or between the parties, whether oral or written, with respect to the subject matters contained herein.

17.     ASSIGNMENT

This Agreement and the rights and obligations of the parties hereto shall bind and inure to the benefit of any successor or successors of Bank and the Parent Corp. by reorganization, merger or
consolidation and any assignee of all or substantially all of its business and properties, but neither this Agreement nor any rights or benefits hereunder may be assigned by Executive.

18.     WAIVERS

If any party hereto shall waive any breach of any provisions of this Agreement, such party shall not be deemed to have waived any preceding or succeeding breach of the same or any other provision
of the Agreement.

19.     HEADINGS

The headings of the sections in this Agreement are inserted for convenience only and shall not be deemed to constitute a part of the Agreement nor to affect the meaning of the Agreement.

20.     ATTORNEYS' FEES

If any party to this Agreement breached any terms of this Agreement, then that party shall pay to the non-defaulting party all of the non-defaulting party's costs and expenses, including reasonable
attorneys' fees, incurred by that party in enforcing the terms of this Agreement.

21.     CERTAIN ADDITIONAL PAYMENTS TO THE EXECUTIVE

          (a)     Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any
payment or distribution by the Parent Corp. and/or the Bank to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a "Payment"), would be subject to the excise
tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code") or any similar section of the Code or any interest or penalties with respect to such excise tax (such excise tax, together with any such interest and penalties, are
hereinafter collectively referred to
an the "Excise Tax"), then, notwithstanding any provision herein to the contrary, the Executive shall be entitled to receive an additional payment (a "Gross-up Payment") in an amount such that after payment by the Executive of all taxes (including any
interest or penalties imposed with respect to such taxes), including, without limitation, any income and employment taxes and any Excise Tax imposed upon the Gross-up Payment, the Executive retains under this Agreement, after the imposition of all
applicable taxes, the same amount that he would have retained had he not been subject to the Excise Tax. The Gross-up Payment under this Paragraph shall be made no later than the later of (i) thirty (30) days following the date of the Payment; or (ii) the
determination by the Accounting Firm pursuant to Paragraph 21(b) that a Gross-up Payment is required.

          (b)     Subject to the provisions of Paragraph 21(c), all determinations required to be made under this
Paragraph, including whether a Gross-up Payment is required and the amount of such Gross-up Payment, shall be made by a recognized firm of certified public accountants to be designated by the bank (the "Accounting Firm"), which shall provide detailed
supporting calculations both to the Parent Corp. and/or the Bank and the Executive within 30 days of termination of employment under this Agreement, if applicable, or such earlier time as is required by the Executive or the Parent Corp. and/or the Bank.
When calculating the amount of the Gross-up Payment, the Executive shall be deemed to pay:

          (i)     Federal income taxes at the highest applicable marginal rate of federal income taxation for the calendar
year in which the Gross-up Payment is to be made, and

          (ii)     Any applicable state and local income taxes at the highest applicable marginal rate of taxation for the
calendar year in which the Gross-up Payment is to be made, net of the maximum reduction in federal income taxes which could be obtained for deduction of such state and local taxes if paid in such year.

          All fees and expenses of the Accounting Firm shall be borne solely by the Bank and/or the Parent Corp.. The Bank or the Parent Corp.
shall furnish an engagement letter to the Accounting Firm in a form acceptable to the Bank
and the Parent Corp. and the Accounting Firm in connection with the performance of the Accounting Firm's services hereunder.

          If the Accounting Firm has performed services for the person, entity or group who causes a Change of Control, or affiliate thereof, the
Executive may select an alternative accounting firm from any nationally recognized firm of certified public accountants (which alternative firm shall be referred to hereunder as the "Accounting Firm"). If the Accounting Firm determines that no Excise Tax
is payable by the executive, the Bank and/or Parent Corp. shall cause the Accounting Firm to furnish the Executive with an opinion that he has substantial authority not to report any Excise Tax on his federal income tax return. Any determination by the
Accounting Firm shall be binding upon the Parent Corp. and the Bank and the Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible
that Gross-up Payments which will not have been made by the Parent Corp. and/or the Bank as a result of such determination should have been made ("Underpayment"), consistent with the calculations required to be made hereunder. In the event that the Parent
Corp. and/or the Bank exhausts its remedies pursuant to Section 21(c) and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such
Underpayment shall be promptly paid by the Parent Corp. and/or the Bank to or for the benefits of the Executive.

          (c)     The Executive shall notify the Parent Corp. and/or the Bank in writing of any claim by the Internal
Revenue Service that, if successful, would require the payment by the Parent Corp. and/or the Bank of the Gross-up Payment. Such notification shall be given as soon as practicable but no later than twenty business days after the Executive receives written
notice of such claim and shall apprise the Parent Corp. and/or the Bank of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the thirty (30) day period
following the date on which he gives such notice to the Parent Corp. and/or Bank (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Parent Corp. and/or the Bank notified the Executive in writing
prior to the expiration of such period that it desires to contest such claim, the Executive shall: 

	 	
(i)
	
give the Parent Corp. and/or the Bank any information reasonably requested by the Parent Corp. and/or the Bank relating to such claim;

	 	 	 
	 	
(ii)
	
Take such action in connection with contesting such claim as the Parent Corp. and/or the Bank shall reasonably request in writing from time to time, including, without limitation, accepting legal
representation with respect to such claim by an attorney reasonably selected by the Parent Corp. and/or the Bank.

	 	 	 
	 	
(iii)
	
cooperate with the Parent Corp. and/or the Bank in good faith in order effectively to contest such claim, and

	 	 	 
	 	
(iv)
	
permit the Parent Corp. and/or the Bank to participate in any proceedings relating to such claim;

provided, however, that the Parent Corp. and/or the Bank shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest
and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax, including interest and penalties with respect thereto, imposed as a result of such representation and such other costs and expenses. Without
limitation on the foregoing provisions of this Paragraph, the Parent Corp. and/or the Bank shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forego any and all administrative appeals, proceedings,
hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in a permissible manner, and the Executive agrees to
prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Parent Corp. and/or the Bank shall determine; provided, however, that if the Parent Corp. and/or
the Bank directs the Executive to pay such claim and sue for a refund, the Parent Corp. and/or the Bank shall advance the amount of such payment to the Executive, on an interest free basis and shall indemnify and hold the Executive harmless, on an
after-tax basis, from any Excise Tax or advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive
with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Parent Corp. and/or the Bank's control of the contest shall be limited to issues with respect to which a Gross-up Payment would
be payable hereunder and the Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.

          (d)     If, after the receipt by the Executive of any amount advanced by the Parent Corp. and/or the Bank
pursuant to Paragraph 21(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Parent Corp. and/or the Bank's complying with the requirements of Paragraph 21(c)) promptly pay to the Parent
Corp. and/or the Bank the amount of such refund (together with any interest paid or credited thereon by the taxing authority after deducting any taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Parent Corp.
and/or the Bank pursuant to Paragraph 21(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Parent Corp. and/or the Bank does not notify the Executive in writing of its intent to contest
such denial or refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of
Gross-up Payment required to be paid under Paragraph 21(a). The forgiveness of such advance shall be considered part of the Gross-up Payment and subject to gross-up for any taxes (including interest or penalties) associated therewith.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date and year first above written.

	 	
SOUTHINGTON SAVINGS BANK

	 	 
	 	 
	 	
/s/ Walter Hushak                     

	 	
By:    Walter Hushak 

	 	
Title:  Chairman

		 
	 	 
	 	 
	 	
BANCORP CONNECTICUT INC.

	 	 
	 	 
	 	
/s/ Walter Hushak                       

	 	
By:    Walter Hushak 

	 	
Title:  Director

	 	 
		 
	 	 
	 	
EXECUTIVE

	 	 
	 	 
	 	
/s/ Robert D. Morton                  

	 	
Robert D. Morton

 

EXHIBIT A

RESTRICTED TERRITORY

          The restriction set forth in Paragraph 11 of this Agreement to which this Exhibit is attached shall apply to banks headquartered or
having Connecticut operations headquartered in the following municipalities within the State of Connecticut:

	         	
Southington, Meriden, Wallingford, New Britain, Plainville, Cheshire, Wolcott, Waterbury and Bristol

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