Document:

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                                                                   Exhibit 10.11

                                                                   March 6, 2000

Shaun P. Williams
162 Tavern Circle
Middletown, CT  06456

Dear Shaun:

This agreement is intended to set forth the basic terms under which you ("YOU"
or the "EMPLOYEE") will continue to be employed by First International Bank (the
"BANK") and, therefore, to constitute an employment agreement between us. We
have agreed with you that:

1.       Nature and Term of Employment. You will continue to be employed as
         Executive Vice President and Chief Financial Officer of the Bank (or
         equivalent title) in accordance with the terms and conditions in this
         agreement, and you accept such employment and agree to serve in such
         capacity. The term of employment under this agreement will extend from
         the date set forth above through February 28, 2002 (the "TERM").
         Nothing in this agreement will prohibit the continuation of employment
         beyond the Term if and as agreed by the Bank and Employee.

2.       Performance of Duties. While employed by the Bank, you will apply, in
         good faith and on a full-time basis, all of your skill and experience
         to the performance of your duties in such employment. You will have
         such responsibilities and authority as are designated (and as may be
         revised from time to time) by the Chairman and Chief Executive Officer
         and the Board of Directors of the Bank.

3.       Base Compensation. Commencing upon your acceptance of this agreement,
         the Bank will pay or cause to be paid to you during your employment a
         salary at the rate of $155,000 per annum, with the amount increasing by
         not less than 2% during 2000 and increasing by not less than 2% during
         2001. Your salary will be paid at such times as the salaries of other
         salaried officers of the Bank are generally paid.

4.       Benefits. During your employment, the Bank shall provide health,
         dental, disability, life insurance and retirement benefits for you and
         your dependents comparable to such coverage as is provided for officers
         of the Bank generally. In addition, during your employment provided
         that you are insurable at standard rates, the Bank shall sponsor and
         pay for (a) an individually-owned supplemental term life insurance
         policy on your life in the amount of $1,500,000, and (b) an
         individually-owned supplemental disability income insurance policy with
         a benefit to you of approximately $4,000 per month. The insurance
         policies shall remain in full force and effect during the term of this
         agreement, shall provide for such persons as you may designate to be
         the beneficiaries of the benefits thereof, and shall be portable. You
         agree to be available for such medical and other examinations and
         inquiries as the insurance carriers may request.

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5.       Bonuses. You will be eligible to receive cash bonuses in 2000, 2001 and
         2002, which bonuses shall be determined by the Chairman and Chief
         Executive Officer and Board of Directors of the Bank (or a committee of
         the Board of Directors of the Bank) in their discretion based upon your
         performance as evaluated primarily with reference to the policies and
         budgets approved by the Bank's Board.

6.       Supplemental Option. As further compensation for the services to be
         provided by you hereunder, First International Bancorp, Inc. (the
         "HOLDING COMPANY") is granting to you today pursuant to the Holding
         Company's 1994 Incentive Stock Option Plan and the Amended and Restated
         1996 Stock Option Plans (the "PLANS") additional options to purchase
         11,500 shares of the Common Stock of the Holding Company for the price
         and on the other terms set forth in new stock option agreements that
         you are entering into with the Holding Company on the date hereof (the
         "SUPPLEMENTAL OPTION"). The Supplemental Option will be in addition to
         the option to purchase 3,500 shares of the Common Stock of the Holding
         Company that would otherwise be made to you during 2000 in accordance
         with the Bank's present compensation policies and Plans.
         Notwithstanding any option agreements between you and the Holding
         Company dated before the date hereof, the Supplemental Option and all
         stock options held by you before the date hereof to purchase Common
         Stock of the Holding Company will be vested immediately. Any additional
         stock options granted to you pursuant to the Plans after the date
         hereof but prior to February 28, 2002 to purchase Common Stock of the
         Holding Company would be vested as of the earliest of (a) February 28,
         2002, (b) a Change in Control (as defined in paragraph 7 below), and
         (c) any termination by the Bank without Cause (as defined in paragraph
         8(c) below) of Employee's employment hereunder.

7.       Change in Control Provisions. A "CHANGE IN CONTROL" will have occurred
         if the Chase Family and the Silvers Family cease, in the aggregate, to
         beneficially own at least 25% of the outstanding Common Stock of the
         Holding Company or any successor thereto or to have the right to
         exercise, directly or indirectly, at least 25% of the aggregate voting
         power of the Bank or of any successor thereto. As used in this
         paragraph, "CHASE FAMILY" means Arnold Chase, Cheryl Chase, Rhoda L.
         Chase, David T. Chase and the parents, other family members, affiliates
         and personal representatives and heirs of each of them, "SILVERS
         FAMILY" means Brett N. Silvers, Nancy W. Silvers, their children and
         any trusts or other entities as to which the beneficiaries or owners
         are Brett N. Silvers, Nancy W. Silvers and/or their children. As
         described above, any additional stock options granted to you pursuant
         to the Plans after the date hereof to purchase common stock of the
         Holding Company will be vested immediately upon the occurrence of a
         Change in Control.

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8.       Termination Provisions.

         (a) Voluntary Termination - If Employee quits Employee's employment
         hereunder (except as otherwise provided in the next paragraph), dies or
         is terminated due to disability, as defined under the Bank's then
         current long-term disability policy, whether before or after a Change
         in Control, Employee will receive Employee's base salary through the
         date as of which Employee's employment ceases (net of any amounts owed
         by Employee to the Bank) plus accrued vacation time, but will not
         receive any severance, bonuses or other benefits.

         (b) Termination Without Cause - If Employee (i) is fired without
         "Cause", as defined below or (ii) quits Employee's employment hereunder
         within three months after a Change in Control that results in a
         reduction in Employee's title, responsibilities, compensation and/or
         benefits, or a change of more than 40 miles in Employee's place of
         employment (any of the foregoing reasons being "GOOD REASONS"),
         Employee will receive, as Employee's sole remedy for such firing or
         quitting for Good Reason (in addition to any vesting of stock options
         provided for in paragraph 6 above), a lump sum cash payment equal to
         the Employee's then existing base salary (net of any amounts owed by
         Employee to the Bank) for one year. The Bank may, as a condition to
         being required to pay the severance payments provided for in this
         agreement, require the Employee to execute a general release of any
         claim (other than the obligation of the Bank to make such severance
         payments) or cause of action that Employee may have against the Bank,
         the Holding Company, or any of their officers, directors, employees,
         agents, or representatives.

         (c) Termination With Cause - If Employee is fired for "Cause", Employee
         will receive Employee's base salary through the date as of which
         Employee's employment is terminated (net of any amounts owed by
         Employee to the Bank and any costs incurred by the Bank due to such
         "Cause") plus accrued vacation time, but will not receive any
         severance, bonuses or other benefits. "CAUSE" means any of the
         following: (a) insubordination or other refusal or failure to carry out
         the instructions or policies of the Board or the officers to whom the
         Employee reports; (b) dishonesty, crime or action involving moral
         turpitude, or any other conduct that is illegal, immoral or materially
         injurious to the Bank; (c) breach of Employee's covenants or
         obligations under this agreement, or (d) non-performance in the
         performance of Employee's duties, evaluated primarily with reference to
         the Bank's credit and organizational policies, and with reference to
         the goals and budgets approved by the Bank's Board of directors, and,
         if such non-performance referred to in this clause (d) is capable of
         being corrected, continuation of such non-performance for 30 days after
         the Bank gives notice to the Employee describing such non-performance.

9.       Covenant Not to Compete. During the time that Employee is employed by
         the Bank, and if Employee's employment terminates at any time during
         the Term (regardless of whether the termination is voluntary or
         involuntary, with or without Cause or Good Reason) for a period of 12
         months from the date of such termination, Employee shall not (a) become
         engaged directly in a management, lending, financial or consulting
         capacity in the

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         origination, processing, purchasing or selling of SBA, USDA or Ex-Im
         Bank loans, or (b) seek to cause any employee or customer of the Bank,
         the Holding Company or any direct or indirect Subsidiary of either of
         them to cease, reduce or change in a manner adverse to the business or
         interests of the Bank, the Holding Company or any direct or indirect
         Subsidiary of either of them, such employee's or customer's employment
         by or relationship with the Bank, the Holding Company or any direct or
         indirect Subsidiary of either of them. As used herein, (i) "SUBSIDIARY"
         means any corporation, association, limited liability company, trust,
         or other business entity of which the Bank or the Holding Company shall
         at any time own directly or indirectly through a Subsidiary or
         Subsidiaries at least a majority (by number of votes) of the
         outstanding Voting Stock, and (ii) "VOTING STOCK" means stock or other
         equity interests, of any class or classes (however designated), the
         holders of which are at the time entitled, as such holders, to vote for
         the election of a majority of the directors, managers or trustees (or
         persons performing similar functions) of the corporation, association,
         limited liability company, trust or other business entity involved,
         whether or not the right so to vote exists by reason of the happening
         of a contingency.

10.      Exclusivity of Services:  Confidentiality.

         (a) In addition to the more specific provisions of paragraph 9 above,
         you agree that during the Term of this agreement, you will not, without
         the prior written approval of the Chairman and Chief Executive Officer
         and the Board of Directors of the Bank, directly or indirectly engage
         or participate in, or become an owner, partner, officer of, director
         of, or become employed by, or render advisory, consulting or other
         services to or in connection with, any other business enterprise during
         the time that you are employed by the Bank; provided, however, that you
         may hold outside directorships which may, from time to time, require
         minor portions of time, but which shall not interfere or be
         inconsistent with your duties hereunder.

         (b) You also acknowledge that any information and documentation
         relating to the Bank or the Holding Company, including but not limited
         to their products, programs, business strategies, clients, employees,
         forms, financial matters, and matters discussed by the Board of
         Directors of the Bank and the Holding Company, are the sole property of
         the Bank and the Holding Company and are strictly confidential; and you
         agree that you will not, at any time before, during or at any time
         after your employment by the Bank (regardless of whether the
         termination of your employment is voluntary or involuntary, with or
         without Cause or Good Reason), disclose any of such information or
         documentation to any person or entity for any purpose whatsoever,
         except for your use of such information and documentation in the course
         of carrying out your duties during the time that you are employed by
         the Bank and except to comply with requirements of law or regulatory
         authorities with jurisdiction over the Bank and the Holding Company and
         except to counsel or independent auditors for you, the Bank or the
         Holding Company. The foregoing sentence does not, however, prohibit the
         disclosure by you of information that (i) is generally available to the
         public other than as a result of a disclosure of such information
         directly or indirectly by you, or (b) becomes available to you on a
         non-confidential basis from a source other than the Bank, the Holding
         Company and their

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         officers, directors, employees, representatives and advisors, provided
         that such source is not known by you to be bound by any obligation of
         secrecy to the Bank or the Holding Company or another party.

         (c) You also agree that you will not discuss or disclose any of the
         terms or provisions of this agreement, either before, during or at any
         time after the Term of this agreement, with any other employee of the
         Bank or the Holding Company, except for your superior officers, members
         of the Operating Committee of the Bank, the Chairman and Chief
         Executive Officer of the Bank, and the Board of Directors of the Bank
         and the Holding Company.

11.      Equitable Relief. You acknowledge that any violation of Section 9 or 10
         above will cause the Bank and the Holding Company irreparable harm and
         that, in addition to any other remedy that they may have, the Bank and
         the Holding Company will have the right to obtain such injunctive or
         other equitable relief as they may deem to be necessary or appropriate.

12.      Tax Withholding Requirement. The amounts paid by the Bank to you
         hereunder will have withheld and deducted therefrom any taxes required
         to be withheld by the Bank under any federal, state or local law.

13.      Regulatory Limitation. Notwithstanding any other provision of the
         Agreement, the Bank shall not be obligated to make, and the Employee
         shall have no right to receive, any payment, benefit or amount under
         this Agreement which would violate any law, regulation or regulatory
         order applicable to the Bank to the Holding Company at the time such
         payment, benefit or amount is due (a "PROHIBITED PAYMENT"). If an
         amount payable hereunder is not paid because it is a Prohibited
         Payment, Employee shall continue to be bound by all of Employee's
         obligations and agreements hereunder and the Bank shall make or provide
         to the Employee the payment, benefit or other amount (or such portion
         thereof the making of which ceases to be a violation) that is the
         subject of the Prohibited Payment at such later date, if any, as the
         applicable law, regulation or regulatory order no longer would be
         violated by the Bank's making or providing such payment, benefit or
         amount to the Employee.

14.      Limitation on Benefits. It is the intention of the Employee and Bank
         that no payments by Bank to or for the benefit of Employee under this
         agreement or any other agreement or plan pursuant to which Employee is
         entitled to receive payments or benefits shall be nondeductible to Bank
         or any other payor by reason of Section 280G of the Internal Revenue
         Code of 1986, as amended (the "Code") and subject to a tax pursuant to
         Section 4999 of the Code, as a result of payments that would constitute
         "parachute payments". Accordingly, such payments shall be reduced in
         such amounts as are required to reduce the aggregate "present value"
         (as the term is defined in Section 280G(d)(4) of the Code) of such
         payments to one dollar less than an amount equal to three times the
         Employee's "base amount" (as the term is defined in Section
         280G(b)(3)(a) and (d)(1) and (2) of the Code), to the end that the
         Employee is not subject to tax pursuant to Section 4999 and no
         deduction is disallowed to the Bank by reason of Section 280G(a). The
         determination as to the

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         amount of the reduction of such payments, if any, shall be made by the
         Bank's independent certified public accountants.

15.      Notices. All notices under this agreement shall be in writing and shall
         be deemed effective when delivered in person or by recognized overnight
         delivery service to you or to the Bank, or if mailed, postage prepaid,
         registered or certified mail, addressed, in the case of you, to your
         last known address as carried on the personnel records of the Bank and,
         in the case of the Bank, to its corporate headquarters, attention of
         the Chairman and Chief Executive Officer, or to such other address as
         the party to be notified may specify by notice to the other party
         pursuant to this paragraph.

16.      Successors and Assigns. The rights and obligations of the Bank under
         this agreement shall inure to the benefit of and shall be binding upon
         the successors and assigns of the Bank, including, without limitation,
         any corporation, individual or other person or entity which may acquire
         all or substantially all of the assets and business of the Bank or with
         or into which the Bank may be consolidated or merged.

17.      Arbitration. Any dispute which may arise between the parties hereto
         shall be settled by binding arbitration in accordance with the National
         Rules for the Resolution of Employment Disputes of the American
         Arbitration Association. The parties shall mutually agree in writing
         upon an arbitrator. If the parties shall fail to agree upon an
         arbitrator within 5 days after a written demand, delivered as provided
         for notices hereunder, for arbitration hereunder is made, each party
         shall have the right within the succeeding 10 days to select an
         arbitrator (the failure by either party to exercise such right within
         said 10 days will be equivalent to a consent to the selection of the
         other party's arbitrator by mutual agreement); within 20 days after
         such selection, if 2 arbitrators are selected, the 2 arbitrators shall
         select a third arbitrator. The arbitrator or arbitrators shall have at
         least 5 years of experience in employment law. Any claim or dispute
         arising hereunder shall be decided by the arbitrator or arbitrators
         based upon the rights and obligations of the parties set forth in this
         agreement. The decision of the arbitrator or of the majority of the
         arbitrators, as the case may be, shall not include any award for
         punitive damages or penalties, but the arbitrator or majority of
         arbitrators may award or prorate attorneys fees in accordance with his
         or their judgment as to who is the prevailing party in the arbitration.
         An arbitration award rendered in accordance with this agreement shall
         be binding and conclusive upon the parties, and may be entered in any
         court of competent jurisdiction. The costs of arbitration shall be
         borne equally, except that each party shall bear the cost of their own
         counsel and experts, if any. Venue for any arbitration proceedings
         hereunder shall be in Hartford, Connecticut.

18.      Severability. If any of the terms or conditions of this agreement shall
         be declared void or unenforceable by any court or administrative body
         of competent jurisdiction, such term or condition shall be deemed
         severable from the remainder of this agreement, and the other terms and
         conditions of this agreement shall continue to be valid and
         enforceable.

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19.      Construction. This agreement sets forth the entire agreement of the
         Bank, the Holding Company and the Employee regarding the employment of
         the Employee by the Bank, and this agreement supersedes any prior or
         contemporaneous oral or written agreement with respect to the
         Employee's employment or any other matter set forth herein. This
         agreement shall be construed under the laws of the State of Connecticut
         and may not be amended except by a writing signed by the Employee and
         the Bank. Section headings are for convenience only and shall not be
         considered a part of the terms and provisions of this agreement.

If this agreement is acceptable to you, please sign below.

                                 Very truly yours,

                                 FIRST INTERNATIONAL BANK

                                 By:/s/Brett N. Silvers
                                 ----------------------
                                       Brett N. Silvers
                                       Its Chairman and Chief Executive Officer

Agreed to:

/s/Shaun P. Williams
------------------------
NAME:  Shaun P. Williams

         The undersigned hereby agrees to be bound by the provisions of this
agreement with respect to stock options and the exercise thereof.

                                FIRST INTERNATIONAL BANCORP, INC.

                                By:/s/Brett N. Silvers
                                ----------------------
                                     Brett N. Silvers
                                     Its Chairman and Chief Executive Officer<PAGE>   1
                                                                 Exhibit 10.12.1

                                                                  EXECUTION COPY

                  FIRST AMENDMENT, dated as of June 30, 1999 (this "Amendment")
to the REVOLVING COMMERCIAL LOAN WAREHOUSE AND SECURITY AGREEMENT, dated as of
December 4, 1998 (as the same may be further amended or otherwise modified from
time to time, the "Agreement"), among PRUDENTIAL SECURITIES CREDIT CORPORATION,
a Delaware corporation, having an office at One Seaport Plaza, New York, New
York 10292 (the "Lender"), and FIRST INTERNATIONAL BANK, (formerly known as
First National Bank of New England), a Connecticut bank and trust company,
having its principal office at 280 Trumbull Street, Hartford, Connecticut 06103
(the "Borrower"), and its parent, FIRST INTERNATIONAL BANCORP, INC., a Delaware
corporation, having its principal office at 280 Trumbull Street, Hartford,
Connecticut 06103 (the "Guarantor").Terms not otherwise defined in this
Amendment shall have the meanings ascribed to such terms in the Agreement.

                              W I T N E S S E T H :

                  WHEREAS, the parties wish to extend the Maturity Date of the
Loan from December 3, 1999 to June 30, 2000;

                  WHEREAS, the Engagement Letter is simultaneously being amended
to reflect that PSI will have the right of first refusal, but not the
obligation, to serve in the Manager Role with respect to up to $300,000,000 in
Securitizations; and

                  WHEREAS, the parties to the Agreement desire to execute this
Amendment to provide for such amended terms;

                  NOW, THEREFORE, in consideration of the premises and mutual
agreements herein contained, it is hereby agreed as follows:

                  ARTICLE 1.        AMENDMENTS

                  1.1 Amendment to Second Recital. The second recital of the
Agreement is hereby deleted in its entirety and the following is substituted in
lieu thereof:

                  WHEREAS, the Lender's Affiliate, Prudential Securities
         Incorporated ("PSI"), will have the right of first refusal, but not the
         obligation, to act as the sole manager (such role as sole manager, the
         "Manager Role") on any securities issuances ("Securitizations")
         sponsored by the Borrower or one of its Affiliates relating to up to
         $300,000,000 of the Commercial Loans, on the terms and under the
         conditions set forth in the Engagement Letter, dated as of December 4,
         1998, as amended by the First Amendment, dated as of June 30, 1999,
         among PSI, the Borrower and the Guarantor (as the same may be further
         amended or otherwise modified from time to time, the "Engagement
         Letter"). Such Securitizations shall be structured in a manner as shall
         be consented to by PSI.
<PAGE>   2
                  1.2 Extending Maturity Date. Section 1(c) of the Agreement is
hereby deleted in its entirety and the following is substituted in lieu thereof:

                  The Loan shall mature on June 30, 2000, as such date may be
         extended by means of a Credit Increase Confirmation and Note Amendment
         (the "Maturity Date"), pursuant to the terms of Section 1(f) below.

                  1.3 Extending Other Dates. Section 1(h) of the Agreement is
hereby amended by replacing the date December 3, 2000 appearing in clause (v)(x)
thereof with the date June 30, 2001.

                  ARTICLE 2 MISCELLANEOUS

                  2.1 Limited Effect. Except as expressly amended hereby, all of
the provisions , covenants, terms and conditions of the Agreement shall continue
to be, and shall remain, in full force and effect in accordance with its terms.

                  2.2 Guarantor Consent. The Guarantor hereby consents to this
Amendment and agrees that the Guaranty shall remain in full force and effect.

                  2.3 Governing Law. THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE
CONFLICT OF LAW PRINCIPLES THEREOF.

                  2.4 Counterparts. This Amendment may be executed by one or
more of the parties on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.

                                       2
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                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective proper and duly
authorized officers as of the day and year first above written.

                                          FIRST INTERNATIONAL BANK

                                          By:  /s/Theodore J. Horan
                                             -----------------------------------
                                                Name:  Theodore J. Horan
                                                Title: Senior Vice President

                                          FIRST INTERNATIONAL BANCORP, INC.

                                          By:  /s/Leslie Galbraith
                                             -----------------------------------
                                                Name:  Leslie Galbraith
                                                Title: Executive Vice President

                                          PRUDENTIAL SECURITIES CREDIT
                                                   CORPORATION

                                          By:  /s/Jeffrey K. French
                                             -----------------------------------
                                                Name:  Jeffrey K. French
                                                Title: Senior Vice President

                                       3

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