Document:

EXHIBIT 10.2

                    1ST COLONIAL NATIONAL BANK

                        STOCK OPTION PLAN
                      FOR OUTSIDE DIRECTORS

                        TABLE OF CONTENTS

                                                           Page

Article

Article 1.     PURPOSE OF THE PLAN ......................... 1

Article 2.     DEFINITIONS ................................. 1

Article 3.     ADMINISTRATION OF THE PLAN .................. 2

Article 4.     COMMON STOCK SUBJECT TO THE PLAN ............ 4

Article 5.     STOCK OPTIONS ............................... 5

Article 6.     ELIGIBILITY ................................. 8

Article 7.     TERM AND EXERCISE OF OPTIONS ................ 8

Article 8.     TERMINATION OF STATUS AS DIRECTOR............ 9

Article 9.     ADJUSTMENT PROVISIONS .......................10

Article 10.     GENERAL PROVISIONS ..........................12

Article 1. PURPOSE OF THE PLAN

     1.1     Purpose - The 1st Colonial National Bank  Stock
Option
                  Plan For Outside Directors (the "Plan") is
                  intended and designed to provide certain
                  directors of 1st Colonial National Bank (the
                  "Bank") with an opportunity to acquire
                  Common Stock of the Bank, thereby giving
                  them a stake in the continued growth and
                  success of the Bank's business.

     1.2     Stock Options to be Granted - Only Nonqualified
                  Stock Options may be granted within the
                  limitations of the Plan herein described.

Article 2. DEFINITIONS

     2.1     "Agreement" - The written instrument evidencing the
                  grant of an Option.  A Participant may be
                  issued one or more Agreements from time to
                  time, reflecting one or more Options.

     2.2     "Bank" - 1st Colonial National Bank.

     2.3     "Board" - The Board of Directors of the Bank.

     2.4     "Code" - The Internal Revenue Code of 1986, as
                  amended.

     2.5     "Committee" - The Committee which the Board
                  appoints to administer the Plan.

     2.6     "Common Stock" - The common stock of the Bank
                  ($1.00 par value) as described in the Bank's
                  Articles of Association, or such other stock
                  as shall be substituted therefor.

     2.7     "Director" - Any director of the Bank who is not
                  also, at the time of a grant, a common law
                  employee of the Bank.

     2.8     "Discretionary Option" - A Stock Option granted
                  pursuant to Section 5.1(b) hereof.

     2.9     "Exchange Act" - The Securities Exchange Act of
                  1934, as amended.

     2.10    "Incentive Stock Option" - A Stock Option intended
                  to satisfy the Requirements of Code
                  Section 422(b).

     2.11    "Mandatory Option" - A Stock Option granted
                  pursuant to Section 5.1(a) hereof.

     2.12    "Nonqualified Stock Option" - A stock option other
                  than an Incentive Stock Option.

     2.13    "Optionee" - A Participant who is awarded a Stock
                  Option pursuant to the provisions of the
                  Plan.

     2.14    "Participant" - A Director selected by the
                  Committee to receive a grant of an Option
                  under the Plan.

     2.15    "Plan" - The 1st Colonial National Bank  Stock
                  Option Plan for Outside Directors.

     2.16    "Retirement" - The voluntary termination of an
                  individual as a Director upon or following
                  the attainment of age sixty-five.

     2.17    "Stock Option" or "Option" - An award of a right to
                  purchase Common Stock pursuant to the
                  provisions of the Plan.

Article 3. ADMINISTRATION OF THE PLAN

     3.1     The Committee - The Plan shall be administered by a
                  committee of the Board (the "Committee")
                  composed of two or more members of the
                  Board, all of whom are "outside directors"
                  within the meaning of Code Section 162(m).
                  The Board may from time to time remove
                  members from, or add members to, the
                  Committee.  Vacancies on the Committee,
                  howsoever caused, shall be filled by the
                  Board.

     3.2     Powers of the Committee -

                  (a)     The Committee shall be vested with
                          full authority to make such rules
                          and regulations as it deems
                          necessary or desirable to administer
                          the Plan and to interpret the
                          provisions of the Plan, unless
                          otherwise determined by a majority
                          of the members of the Board.  Any
                          determination, decision or action of
                          the Committee in connection with the
                          construction, interpretation,
                          administration or application of the
                          Plan shall be final, conclusive and
                          binding upon all Optionees and any
                          person claiming under or through an
                          Optionee, unless otherwise
                          determined by a majority of the
                          members of the Board.

                  (b)     Subject to the terms, provisions and
                          conditions of the Plan and subject
                          to review and approval by a majority
                          of the members of the Board, the
                          Committee shall have exclusive
                          jurisdiction to:

                               (i)    determine and select
                                      (except, with respect
                                      to each member of the
                                      Committee, as to
                                      herself or himself),
                                      the Directors to be
                                      granted Discretionary
                                      Options (it being
                                      understood that more
                                      than one Option may be
                                      granted to the same
                                      person);

                               (ii)   determine the number of
                                      shares subject to each
                                      Discretionary Option;

                               (iii)  determine the date or
                                      dates when Discretionary
                                      Options will be granted;

                               (iv)   determine the date or
                                      dates when each Option
                                      may be exercised within
                                      the term of the Option
                                      specified pursuant to
                                      Article 7 of the Plan;
                                      and

                               (v)    prescribe the form,
                                      which shall be
                                      consistent with the
                                      Plan, of the Agreement
                                      evidencing any Options
                                      granted under the Plan.

     3.3     Terms - The grant of an Option under the Plan shall
                  be evidenced by an Agreement and may include
                  any terms and conditions consistent with
                  this Plan, as the Committee may determine.

     3.4     Liability - No member of the Board or the Committee
                  shall be liable for any action or
                  determination made in good faith by the
                  Board or the Committee with respect to this
                  Plan or any Options granted under this Plan.

Article 4. COMMON STOCK SUBJECT TO THE PLAN

     4.1     Common Stock Authorized - The aggregate number of
                  shares of Common Stock for which Options may
                  be granted under the Plan shall not exceed
                  5% of the shares of Common Stock outstanding
                  on the date the Bank opens for business .  The
                  limitation established by the preceding
                  sentence shall be subject to adjustment as
                  provided in Article 9 of the Plan.

     4.2     Shares Available - The Common Stock to be issued
                  upon exercise of Options granted under the
                  Plan shall be made available at the
                  discretion of the Board, either from
                  authorized but unissued Common Stock or from
                  Common Stock acquired by the Bank, including
                  shares purchased in the open market.  In the
                  event that any outstanding Option under the
                  Plan for any reason expires or is
                  terminated, the shares of Common Stock
                  allocable to the unexercised portion of such
                  Option may thereafter be regranted subject
                  to option under the Plan.

Article 5. STOCK OPTIONS

     5.1     Grant of Options; Exercise Price -

                (a)     Each Director shall be granted, on the
                        date of his or her election and on
                        each date of his or her reelection
                        (whether at an annual meeting or an
                        adjournment thereof), a Mandatory
                        Option to acquire 750 shares of Common
                        Stock.  In the event the Bank's Board
                        shall at any time be classified, for
                        purposes of this Plan, any continuing
                        Director not on the slate for
                        reelection at an annual meeting of the
                        Bank's stockholders shall,
                        notwithstanding such fact, be treated
                        as being reelected at such meeting (or
                        any adjournment thereof).

                (b)     Discretionary Options may also be
                        granted to any Director from time to
                        time, in the discretion of a
                        disinterested majority of the members
                        of the Committee, subject to
                        ratification by a majority of the
                        disinterested members of the Board.
                        Such ratification by the Board shall
                        include a determination, which may be
                        based on an opinion of legal counsel,
                        that such grants do not violate the
                        laws governing corporate self-dealing
                        applicable to the Bank.

                (c)     The exercise price of a Nonqualified
                        Stock Option to purchase a share of
                        Common Stock shall be the fair market
                        value of a share on the grant date, as
                        determined in Section 5.2.  The
                        exercise price shall be subject to
                        adjustment as provided in Article 9 of
                        the Plan.

     5.2     Determination of Fair Market Value -

                (a)     During such time as Common Stock is
                        not listed on an established stock
                        exchange or exchanges but is listed in
                        the NASDAQ National Market System, the
                        fair market value per share shall be
                        the closing sale price for the Common
                        Stock on the day the Option is
                        granted.  If no sale of Common Stock
                        has occurred on that day, the fair
                        market value shall be determined by
                        reference to such price for the next
                        preceding day on which a sale
                        occurred.

                (b)     During such time as the Common Stock
                        is not listed on an established stock
                        exchange or in the NASDAQ National
                        Market System, fair market value per
                        share shall be the mean between the
                        closing dealer "bid" and "asked"
                        prices for the Common Stock for the
                        day of the grant, and if no "bid" and
                        "asked" prices are quoted for the day
                        of the grant, the fair market value
                        shall be determined by reference to
                        such prices on the next preceding day
                        on which such prices were quoted.

                (c)     If the Common Stock is listed on an
                        established stock exchange, the fair
                        market value shall be deemed to be the
                        closing price of Common Stock on such
                        stock exchange on the day the Option
                        is granted or, if no sale of Common
                        Stock has been made on such stock
                        exchange on that day, the fair market
                        value shall be determined by reference
                        to such price for the next preceding
                        day on which a sale occurred.

                (d)     In the event that the Common Stock is
                        not traded on an established stock
                        exchange or in the NASDAQ National
                        Market System, and no closing dealer
                        "bid" and "asked" prices are available
                        on the date of a grant, then fair
                        market value will be the price
                        established by the Committee in good
                        faith.

     5.3     Transferability of Options - Unless otherwise
                  designated by the Committee to the contrary,
                  each Option granted under the Plan shall by
                  its terms be non-transferable by the
                  Optionee (except by will or the laws of
                  descent and distribution), and each Option
                  shall be exercisable during the Optionee's
                  lifetime only by the Optionee, his guardian
                  or legal representative or by such other
                  means as the Committee may approve from time
                  to time, provided that, if the Bank is at
                  the time of such approval subject to the
                  provisions of either Section 16(b) of the
                  Exchange Act or Rule 16b-3 thereunder, as
                  either may be amended from time to time (or
                  any law, rule, regulation or other provision
                  that may hereafter replace such Section or
                  Rule), such means is not inconsistent with
                  or contrary to such Section or Rule or
                  replacement thereof.  An Optionee may also
                  designate a beneficiary to exercise his or
                  her Options after the Optionee's death.  The
                  Committee may amend outstanding Options to
                  provide for transfer, without payment of
                  consideration, to immediate family members
                  of the Optionee or to trusts or partnerships
                  for such family members.

     5.4     Limitation on Grants - Grants to any Director under
                  this Plan, during any period of 12
                  consecutive months, shall not exceed in the
                  aggregate Options to acquire more than 2,500
                  shares of Common Stock.  Such limitation
                  shall be subject to adjustment in the manner
                  described in Article 9 and by giving effect
                  to any adjustment in other Options granted
                  during the relevant 12 month period.

Article 6. ELIGIBILITY

     6.1     Participation - Options shall be granted only to
                  persons who are Directors.

Article 7. TERM AND EXERCISE OF OPTIONS

     7.1     Termination -

                  (a)     Each Option granted under the Plan
                          shall terminate on the date
                          determined by the Committee and
                          approved by a majority of the
                          members of the Board, and specified
                          in the Agreement; provided, however,
                          that no Option shall terminate later
                          than ten years after
                          the date of grant.  Except as
                          otherwise provided in Section 8.4,
                          each Option granted under the Plan
                          shall become exercisable only after
                          the date on which the Optionee has
                          completed 11 months of continuous
                          service as a Director with the Bank
                          immediately following the date of the
                          grant of the Option.  The Committee at
                          its discretion may provide further
                          limitations on the exercisability of
                          Options granted under the Plan.  An
                          Option may be exercised only during
                          the continuance of the Optionee's
                          service as a Director, except as
                          provided in Article 8.

     7.2  Exercise -

          (a)  A person electing to exercise an Option shall
               give written notice to the Bank of such election
               and of the number of shares he has elected to
               purchase, in such form as the Committee shall
               have prescribed or approved, and shall at the
               time of exercise tender the full purchase price
               of the shares he has elected to purchase.  The
               purchase price shall be paid in full, in cash,
               upon the exercise of the Option; provided,
               however, that in lieu of cash, with the approval
               of the Committee at or prior to exercise, an
               Optionee may exercise his Option by tendering to
               the Bank shares of Common Stock owned by him and
               having a fair market value equal to the cash
               exercise price applicable to his Option (with the
               fair market value of such stock to be determined
               in the manner provided in Section 5.2 hereof) or
               by delivering such combination of cash and such
               shares as the Committee in its sole discretion
               may approve.

          (b)  A person holding more than one Option at any
               relevant time may, in accordance with the
               provisions of the Plan, elect to exercise such
               Options in any order.

          (c)  In addition, at the request of the Participant
               and to the extent permitted by applicable law,
               the Bank may, in its sole discretion, selectively
               approve arrangements with a brokerage firm under
               which such brokerage firm, on behalf of the
               Participant, shall pay to the Bank the exercise
               price of the Options being exercised, and the
               Bank, pursuant to an irrevocable notice from the
               Participant, shall promptly deliver the shares
               being purchased to such firm.

Article 8.  TERMINATION OF STATUS AS DIRECTOR

     8.1  Retirement - In the event of Retirement, an Option
                shall lapse at the earlier of the expiration of
                the term of the Option or three months from the
                date of Retirement.

     8.2  Death or Disability - In the event of termination of
                an individual's status as a Director due to
                death or disability (as defined in Code
                Section 72(m)), the Option shall lapse at the
                earlier of the expiration of the term of the
                Option or three months after termination due to
                any such cause.

     8.3  Other Termination - In the event of
                termination of an individual's status as a
                Director for any reason other than is described
                in Section 8.1 or 8.2, all Options shall lapse
                as of the date of termination; provided,
                however, that the Committee may, in its
                discretion, waive the lapse provisions of
                Section 8.3 and permit the exercise of an
                Option until a date which is the earlier of
                the expiration of the term of such Option or
                up to three months from the date of
                termination.

Article 9.  ADJUSTMENT PROVISIONS

     9.1  Share Adjustments -

               (a)  In the event that the shares of Common
                    Stock, as presently constituted, shall be
                    changed into or exchanged for a different
                    number or kind of shares of stock or other
                    securities of the Bank or of another
                    corporation (whether by reason of merger,
                    consolidation, recapitalization,
                    reclassification, split-up, combination of
                    shares or otherwise) or if the number of
                    such shares of stock shall be increased
                    through the payment of a stock dividend,
                    then, subject to the provisions of
                    Subsection (c) below, there shall be
                    substituted for or added to each share of
                    Common Stock which was theretofore
                    appropriated, or which thereafter may become
                    subject to an Option under the Plan, the
                    number and kind of shares of stock or other
                    securities into which each outstanding share
                    of the Common Stock shall be so changed or
                    for which each such share shall be exchanged
                    or to which each such share shall be
                    entitled, as the case may be.  Outstanding
                    Options shall also be appropriately amended
                    as to price and other terms, as may be
                    necessary to reflect the foregoing events.

               (b)  If there shall be any other change in the
                    number or kind of the outstanding shares of
                    the Common Stock, or of any stock or other
                    securities in which such Common Stock shall
                    have been changed, or for which it shall
                    have been exchanged, and if a majority of
                    the members of the Board shall, in its sole
                    discretion, determine that such change
                    equitably requires an adjustment in any
                    Option which was theretofore granted or
                    which may thereafter be granted under the
                    Plan, then such adjustment shall be made in
                    accordance with such determination.

               (c)  The grant of an Option pursuant to the Plan
                    shall not affect in any way the right or
                    power of the Bank to make adjustments,
                    reclassifications, reorganizations or
                    changes of its capital or business
                    structure, to merge, to consolidate, to
                    dissolve, to liquidate or to sell or
                    transfer all or any part of its business or
                    assets.

     9.2  Corporate Changes - A dissolution or liquidation of
               the Bank, or a merger or consolidation in which
               the Bank is not the surviving entity, shall cause
               each outstanding Option to terminate, except to
               the extent that another corporation may and does
               in the transaction assume and continue the Option
               or substitute its own options.

     9.3  Fractional Shares - Fractional shares resulting from
               any adjustment in Options pursuant to this
               Article 9 may be settled as a majority of the
               members of the Board or the Committee (as the
               case may be) shall determine.

     9.4  Binding Determination - To the extent that the
               foregoing adjustments relate to stock or
               securities of the Bank, such adjustments shall be
               made by a majority of the members of the Board,
               whose determination in that respect shall be
               final, binding and conclusive.  Notice of any
               adjustment shall be given by the Bank to each
               holder of an Option which shall have been
               adjusted.

Article 10.  GENERAL PROVISIONS

     10.1  Effective Date - The Plan shall become effective upon
               its adoption by the Board, provided that any
               grant of an Option is subject to the approval of
               the Plan by the stockholders of the Bank within
               12 months of the Plan's adoption by the Board.

     10.2  Termination of the Plan - Unless previously
               terminated by the Board of Directors, the Plan
               shall terminate on, and no Options shall be
               granted after, the tenth anniversary of its
               adoption by the Board.

     10.3  Limitation on Termination, Amendment or Modification

               (a)  The Board may at any time terminate, amend,
                    modify or suspend the Plan, provided that
                    without the approval of the stockholders of
                    the Bank no amendment or modification shall
                    be made by the Board which otherwise
                    requires the approval of such stockholders
                    under applicable tax, securities or other
                    law.

               (b)  No amendment, modification, suspension or
                    termination of the Plan shall in any manner
                    affect any Option theretofore granted under
                    the Plan without the consent of the Optionee
                    or any person validly claiming under or
                    through the Optionee.

     10.4  No Right to Continued Status as Director - Neither
               anything contained in the Plan or in any
               instrument under the Plan nor the grant of any
               Option hereunder shall confer upon any Optionee
               any right to continue as a Director (or to be
               nominated for such position) of the Bank.

     10.5  Withholding Taxes - The Bank will require that an
               Optionee, as a condition of the exercise of an
               Option, or any other person or entity receiving
               Common Stock upon exercise of an Option, pay or
               reimburse any taxes which the Bank may be
               required to withhold in connection with the
               exercise of the Option.

     10.6  Listing and Registration of Shares -

                (a)  No Option granted pursuant to the Plan
                     shall be exercisable in whole or in part if
                     at any time a majority of the members of
                     the Board shall determine in its discretion
                     that the listing, registration or
                     qualification of the shares of Common Stock
                     subject to such Option on any securities
                     exchange or under any applicable law, or
                     the consent or approval of any governmental
                     regulatory body, is necessary or desirable
                     as a condition of, or in connection with,
                     the granting of such Option or the issue of
                     shares thereunder, unless such listing,
                     registration, qualification, consent or
                     approval shall have been effected or
                     obtained free of any conditions not
                     acceptable to a majority of the members of
                     the Board.

     10.7  Comptroller of the Currency Requirements - If the
                    Bank's capital falls below the minimum
                    requirements of the Office of the
                    Comptroller of the Currency (the "OCC"),
                    the OCC may direct the Bank to require
                    Optionees to either exercise or forfeit
                    their Options granted pursuant to  the Plan.EMPLOYMENT AGREEMENT

          AGREEMENT made as of the 29th day of June, 2000, by
and between 1ST COLONIAL NATIONAL BANK ("CNB"), a federally
chartered banking corporation, and GERARD M. BANMILLER (the
"Executive").

                            BACKGROUND

          A.  CNB desires to employ the Executive and the
Executive is willing to serve on the terms and conditions herein
provided.

          B. In order to effect the foregoing, the parties
hereto desire to enter into an employment agreement on the terms
and conditions set forth below.

          NOW, THEREFORE, in consideration of the premises and
the respective covenants and agreements of the parties contained
herein, and intending to be legally bound hereby, the parties
hereto agree as follows:

          1.  Definitions and Special Provisions.  Each
capitalized word and term used herein shall have the meaning
ascribed to it in the glossary appended hereto, unless the
context in which such word or term is used otherwise clearly
requires.  Such glossary is incorporated herein by reference and
made a part hereof.

          2.  Employment.  CNB hereby agrees to employ the
Executive, and the Executive hereby agrees to serve CNB, on the
terms and conditions set forth herein.

          3.  Term of Agreement.  The Executive's employment
under this Agreement shall commence on the date hereof and,
except as otherwise provided herein, shall continue until June
29, 2003; provided, however, that commencing on June 30, 2001
and each June 30 thereafter, the term of this Agreement shall
automatically be extended for one additional year beyond the
term otherwise established unless, prior to such June 30 date,
CNB or the Executive shall have given a Notice of Non-Extension.

          4. Position and Duties.  The Executive shall serve as
President and Chief Executive Officer of CNB and he shall have
such responsibilities, duties and authority as may, from time to
time, be generally associated with such positions.  Executive
shall oversee and be responsible for compliance with all
regulations governing CNB's operation, and if appointed by CNB's
Board of Directors or elected by CNB's shareholders, shall serve
as a member of CNB's Board of Directors and upon any committees
thereof as requested by the Board.  In addition, the Executive
shall serve in such capacity, with respect to each Subsidiary or
affiliated company, as the Board of Directors of each such
Subsidiary or affiliated company shall designate from time to
time.  During the term of this Agreement, he shall devote
substantially all of his working time and efforts to the
business and affairs of CNB, the Subsidiaries and affiliated
companies; provided, however, that nothing herein shall be
construed as precluding him from devoting a reasonable amount of
time to civic, charitable, trade association, political, and
similar activities (including any services required of Executive
in his capacity as a member of the Assembly of the State of New
Jersey).

          5.  Compensation and Related Matters.

               (a)  Base Compensation.  During the period of the
Executive's employment hereunder, CNB shall pay to him annual
base compensation as follows:

                    (i)  For the period from the date on which
CNB receives from the OCC its authorization to commence its
banking business to December 31, 2000 at a rate not less than
$100,000;

                    (ii)  For the period from January 1, 2001 to
December 31, 2001 at an annual rate not less than $100,000; and

                    (iii)  For the period beginning January 1,
2002 at an annual rate not less than $100,000.

Thereafter, the Board(s) of Directors of CNB shall periodically
review the Executive's employment performance, in accordance
with policies generally in effect from time to time, for
possible merit or cost-of-living increases in such base
compensation.  Except for a reduction which is proportionate to
a company-wide reduction in executive pay, the annual base
compensation paid to the Executive in any period shall not be
less than the annual base compensation paid to him in any prior
period.  The frequency and manner of payment of such base
compensation shall be in accordance with CNB's executive payroll
practices from time to time in effect.  Nothing herein shall be
construed as precluding the Executive from entering into any
salary reduction or deferral plan or arrangement during the term
of this Agreement; provided, however, that his base compensation
shall be determined without regard to any such salary reduction
or deferral for purposes of calculating the amount of any
compensation and benefits to which he or his surviving spouse
may be entitled under Paragraph 6, 7, 10, or 11 following his
termination of employment.  The amounts set forth in the first
sentence of this subparagraph (a) shall be pro rated to the
extent such period is less than a year.

               (b)  Incentive Compensation.  During the period
of the Executive's employment hereunder, he shall be entitled to
participate in all incentive plans, stock option plans, and
similar arrangements maintained by CNB for executive officers on
a basis and at award levels consistent and commensurate with his
position and duties hereunder.

               (c)  Employee Benefit Plans and Other Plans or
Arrangements.  The Executive shall be entitled to participate in
all Employee Benefit Plans of CNB on the same basis as other
executive officers of CNB.  In addition, he shall be entitled to
participate in and enjoy any other plans and arrangements which
provide for sick leave, vacation, sabbatical, or personal days,
club memberships and dues, education payment or reimbursement,
business-related seminars, and similar fringe benefits provided
to or for the executive officers of CNB from time to time.
Notwithstanding the foregoing, Executive shall be entitled to at
least four (4) weeks vacation per calendar year during each year
of employment.  Such vacation shall be prorated during the year
2000 based on the date of this Agreement.

               (d)  Expenses.  During the period of the
Executive's employment hereunder, he shall be entitled to
receive prompt reimbursement for all reasonable and customary
expenses, including transportation expenses, incurred by him in
performing services hereunder in accordance with the general
policies and procedures established by CNB.

               (e)  Automobile.  CNB shall reimburse the
Executive for amounts paid by the Executive as lease or loan
payments due with respect to the lease or purchase of the
Executive's automobile, up to and not to exceed an amount equal
to $500.00 per month.  CNB shall make such payments monthly upon
receipt of evidence of payment from the Executive.  At the
Executive's request, in lieu of the foregoing, CNB shall make
such payments directly to the lender or lessor to which
Executive owes the payments.

          6.  Termination By Reason of Disability.

               (a)  In General.  In the event the Executive
becomes unable to perform his duties on a full-time basis by
reason of the occurrence of his Disability and, within 30 days
after a Notice of Termination is given, he shall not have
returned to the full-time performance of such duties, his
employment may be terminated by CNB.

               (b)  Compensation and Benefits.  In the event of
the termination of the Executive's employment under Subparagraph
(a), the term of this Agreement shall continue for one year
after the Date of Termination, and CNB shall pay or provide the
compensation and benefits set forth below:

                    (1)  The Executive shall be paid an amount
per annum equal to the greater of (i) his highest base
compensation (including the car allowance provided for in
Section 5(e)) received during one of the two calendar years
immediately preceding the calendar year in which the Date of
Termination occurs, or (ii) his base compensation (including the
car allowance provided for in Section 5(e)) in effect
immediately prior to the Date of Termination (or prior to any
reduction which entitled him to terminate his employment for
Good Reason), over a period of one year beginning with such Date
of Termination.  The frequency and manner of payment of such
amounts shall be in accordance with CNB's executive payroll
practices from time to time in effect.

                    (2)  The Executive shall be paid an amount
equal to the higher of the aggregate bonus(es) paid to him with
respect to one of the two years immediately preceding the year
in which the Date of Termination occurs.  Such amount shall be
paid to him in cash on the first anniversary date of the Date of
Termination.

                    (3)  The Executive shall be paid an amount
equal to the highest annual contribution made on his behalf
(other than his own salary reduction contributions) to each tax-
qualified and non-qualified Defined Contribution Plan of CNB
with respect to the year in which the Date of Termination occurs
or one of the two years immediately preceding such year.  The
amount separately determined for each such plan shall be
aggregated and shall be paid to him in cash on the first
anniversary date of the Date of Termination.

                    (4)  The Executive shall accrue benefits
equal to the excess of (i) the aggregate retirement benefits he
would have received under the terms of each tax-qualified and
non-qualified Defined Benefit Plan of CNB as in effect
immediately prior to the Date of Termination had he (A)
continued to be employed for one more year, and (B) received (on
a pro rated basis, as appropriate) the greater of (I) the
highest compensation taken into account under each such plan
with respect to one of the two years immediately preceding the
year in which the Date of Termination occurs, or (II) his
annualized base compensation in effect immediately prior to the
Date of Termination (or prior to any reduction which entitled
him to terminate his employment for Good Reason), over (ii) the
retirement benefits he actually receives under such plans.  The
frequency, manner and extent of payment of such benefits shall
be consistent with the terms of the plans to which they relate
and any elections made thereunder.

                    (5)  The Executive and his eligible
dependents shall be entitled to continue to participate at the
same aggregate benefit levels, for one year and at no out-of-
pocket or tax cost to him, in the Welfare Benefit Plans in which
he was a participant immediately prior to the Date of
Termination, to the extent permitted under the terms of such
plans and applicable law.  To the extent CNB is unable to
provide for continued participation in a Welfare Benefit Plan,
it shall provide an equivalent benefit directly at no out-of-
pocket or tax cost to him. For purposes of the preceding two
sentences, CNB shall be deemed to have provided a benefit at no
tax cost to him if it pays an additional amount to him or on his
behalf, with respect to those benefits which would otherwise be
nontaxable to him, calculated in a manner consistent with the
provisions of Paragraph 12.

               (c)  Adjustment to Certain Subparagraph (b)
Compensation and Benefits.  Notwithstanding the provisions of
Subparagraph (b)(5), CNB's obligation to pay or fund any
disability insurance premiums on behalf of the Executive shall
be suspended while his Disability continues, provided the
cessation of payment or funding does not result in the
termination of disability benefits.  Any amounts otherwise due
under Subparagraph (b) shall be reduced (but not below zero) by
the dollar amount of disability benefits received by him
pursuant to plans or policies funded, directly at its cost, by
CNB.

               (d)  Earlier Cessation of Certain Welfare
Benefits.  Notwithstanding the provisions of Subparagraph
(b)(5), CNB shall not be required to provide, at its cost, the
welfare benefits covered therein after the later of (i) the
attainment by the Executive and his spouse (if any) of age 65,
or (ii) the date specified in the relevant plan document for
benefit termination (assuming that he was employed until age 65
or the normal retirement date, if any, specified in such
document).

               (e)  Death During Remaining Term of Agreement.

                    (1)  In the event the Executive dies during
the remaining term of this Agreement following his termination
for Disability and he is survived by a spouse, the compensation
and benefits remaining to be paid and provided under
Subparagraph (b) shall be unaffected by his death and shall be
paid and provided to her or on her behalf; provided, however,
that the extent of her rights to the accrued benefits described
in Subparagraph (b)(4) shall be determined by reference to the
relevant plan provisions and any elections made under such
plans; and provided further, that CNB shall not be required to
provide continued benefits with respect to her deceased husband;
and provided further, that in no event shall CNB be required to
provide, at its cost, the other welfare benefits described in
Subparagraph (b)(5) to such spouse and her eligible dependents
after the earlier of (i) her death, or (ii) the later of (A) her
attainment of age 65, or (B) the date specified in the relevant
plan document for benefit termination (assuming that the
Executive was employed until age 65 or the normal retirement
date, if any, specified in such document).

                    (2)  In the event the Executive dies during
the remaining term of this Agreement following his termination
for Disability and he is not survived by a spouse, (i) CNB shall
thereafter make the remaining payments described in
Subparagraphs (b)(1) through (b)(3) directly to his estate, (ii)
the extent of the rights of any person to the accrued benefits
described in Subparagraph (b)(4) shall be determined by
reference to the relevant plan provisions and any elections made
under such plans, and (iii) CNB's obligation to provide
continued benefits under Subparagraph (b)(5) shall terminate.

               (f)  Compensation and Benefits Upon Expiration of
Remaining Term of Agreement.  Upon the expiration of the
remaining term of this Agreement following the Executive's
termination for Disability, and provided his Disability then
continues, he shall be entitled to receive the compensation and
benefits provided under the terms of any long-term disability
plan of CNB in effect on the Date of Termination or, if greater,
at the expiration of such remaining term.  If such plan exists,
such compensation and benefits shall continue until the earlier
of (i) his death, or (ii) the later of (A) his attainment of age
65, or (B) the date specified in the plan document for benefit
termination.  To the extent CNB is unable to provide such
compensation and benefits under its long-term disability plan,
if any, it shall provide equivalent compensation and benefits
directly at no out-of-pocket or tax cost to him.  For purposes
of the preceding sentence, CNB shall be deemed to have provided
compensation and benefits at no tax cost to him if it pays an
additional amount to him or on his behalf, with respect to the
compensation and benefits which would otherwise be nontaxable to
him, calculated in a manner consistent with the provisions of
Paragraph 12.

          7.  Termination By Reason of Death.

               (a)  Compensation and Benefits to Surviving
Spouse.  In the event the Executive dies while he is employed
under this Agreement and is survived by a spouse, CNB shall pay
or provide the compensation and benefits set forth below:

                    (1)  The surviving spouse shall be paid an
amount equal to the greater of (i) the Executive's highest base
compensation received during one of the two calendar years
immediately preceding the calendar year in which the Date of
Termination occurs, or (ii) his base compensation in effect
immediately prior to the Date of Termination (or prior to any
reduction which entitled him to terminate his employment for
Good Reason) for a period of one year, beginning with such Date
of Termination.  The frequency and manner of payment of such
amounts shall be in accordance with CNB's executive payroll
practices from time to time in effect.

                    (2)  The surviving spouse shall be paid an
amount equal to the highest payment made to Executive under each
incentive bonus plan of CNB with respect to one of the two years
immediately preceding the year in which the Date of Termination
occurs.  Such amount shall be paid in cash to her within 30 days
after the Date of Termination.

                    (3)  The surviving spouse shall be paid an
amount equal to the sum of the highest annual contribution made
on the Executive's behalf (other than his own salary reduction
contributions) to each tax-qualified and non-qualified Defined
Contribution Plan of CNB with respect to the year in which the
Date of Termination occurs or one of the two years immediately
preceding such year.  Such amount shall be paid in cash to her
within 30 days after the Date of Termination or within 30 days
after such amount can first be determined, whichever is later.

                    (4)  Subject to the following sentence, the
surviving spouse shall be paid benefits determined by reference
to the excess of (i) the aggregate retirement benefits the
Executive would have accrued under the terms of each tax-
qualified and non-qualified Defined Benefit Plan as in effect
immediately prior to the Date of Termination, had he (A)
continued to be employed for a period of one year following the
Date of Termination, and (B) received (on a pro rated basis, as
appropriate) the greater of (I) the highest compensation taken
into account under each such plan with respect to one of the two
years immediately preceding the year in which the Date of
Termination occurs, or (II) his annualized base compensation in
effect immediately prior to the Date of Termination (or prior to
any reduction which entitled him to terminate his employment for
Good Reason), over (ii) the retirement benefits actually
determined under such plans.  The frequency, manner, and extent
of payment of such benefits shall be consistent with the terms
of the plans to which they relate and any elections made
thereunder.

                    (5)  The surviving spouse and her eligible
dependents shall be entitled to continue to participate at the
same aggregate benefit levels, for a period of one year
following the Date of Termination and at no out-of-pocket or tax
cost to her, in the Welfare Benefit Plans in which the Executive
was a participant immediately prior to the Date of Termination,
to the extent permitted under the terms of such plans and
applicable law; provided, however, that CNB shall not be
required to provide continued benefits with respect to her
deceased husband; and provided further, that CNB shall not
thereafter be required to provide, at its cost, the other
welfare benefits covered by such plans to such spouse and her
eligible dependents after the earlier of (i) her death, or (ii)
the later of (A) her attainment of age 65, or (B) the date
specified in the relevant plan document for benefit termination
(assuming the Executive was employed until age 65 or the normal
retirement date, if any, specified in such document).  To the
extent CNB is unable to provide for continued participation in a
Welfare Benefit Plan as required, it shall provide an equivalent
benefit directly at no out-of-pocket or tax cost to her.  For
purposes of the preceding two sentences, CNB shall be deemed to
have provided a benefit at no tax cost to her if it pays an
additional amount to her or on her behalf, with respect to those
benefits which would otherwise be nontaxable to her, calculated
in a manner consistent with the provisions of Paragraph 12.

               (b)  Compensation and Benefits to Estate, Etc.
In the event the Executive dies while he is employed under this
Agreement and is not survived by a spouse, (i) CNB shall make
the payments described in Subparagraphs (a)(1) through (a)(3)
directly to his estate, (ii) the extent of the rights of any
person to the accrued benefits described in Subparagraph (a)(4)
shall be determined by reference to the relevant plan provisions
and any elections made under such plans, and (iii) CNB's
obligation to provide benefits under Subparagraph (a)(5) shall
terminate.

          8. Termination By CNB for Cause.

               (a)  In General.  In the event CNB intends to
terminate the Executive's employment for Cause, it shall deliver
a Notice of Termination to him which specifies a Date of
Termination not less than 30 days following the date of such
notice, unless a shorter period of notice is required by the
principal regulator of CNB or any affiliate of CNB.

               (b)  Compensation.  Within 30 days after the
Executive's termination under Subparagraph (a), CNB shall pay
him, in one lump sum, his accrued but unpaid base compensation
and vacation compensation earned through the Date of
Termination.

          9. Termination By the Executive Without Good Reason.

               (a)  In General.  In the event the Executive
intends to terminate his employment without Good Reason, he
shall deliver a Notice of Termination to CNB which specifies a
Date of Termination not less than (i) 90 days following the date
of such notice, if a Change in Control shall not have occurred,
or (ii) 30 days following the date of such notice, if a Change
in Control shall have occurred.

               (b)  Compensation.  Within 30 days after the
Executive's termination under Subparagraph (a), CNB shall pay
him, in one lump sum, his accrued but unpaid base compensation
and vacation compensation earned through the Date of
Termination.

          10. Termination By CNB Without Disability or Cause.

               (a)  In General.  In the event CNB intends to
terminate the Executive's employment for any reason other than
Disability or Cause, it shall deliver a Notice of Termination to
him which specifies a Date of Termination not less than 90 days
following the date of such notice.

               (b)  Compensation and Benefits During Remaining
Term of Agreement.  In the event of the termination of the
Executive's employment under Subparagraph (a), CNB shall pay or
provide the compensation and benefits described in Paragraph
6(b), except that all such compensation and benefits shall be
for the remaining term of this Agreement determined in
accordance with Section 3 hereof, unless a change in control has
occurred prior to such termination of employment, in which case
all such compensation and benefits shall be for a term of three
(3) years from the Date of Termination and the term of this
Agreement shall continue until all such compensation and
benefits are paid to Executive in full.

               (c)  Adjustment to Certain Subparagraph (b)
Compensation and Benefits.  In the event the Executive suffers a
Disability during the remaining term of this Agreement following
the Date of Termination, CNB's obligation to pay or fund any
disability insurance premiums on his behalf shall be suspended
while his Disability continues, provided the cessation of
payment or funding does not result in the termination of
disability benefits.  Any amounts described in Paragraph 6(b)
and otherwise payable under Subparagraph (b) shall be reduced
(but not below zero) by the dollar amount of disability benefits
received by him pursuant to plans or policies funded, directly
at its cost, by CNB.

               (d)  Earlier Cessation of Certain Welfare
Benefits.  Notwithstanding the provisions of Subparagraph (b),
CNB shall not be required to provide, at its cost, the welfare
benefits covered by Paragraph 6(b)(5) after the later of (i) the
attainment by the Executive and his spouse (if any) of age 65,
or (ii) the date specified in the relevant plan document for
benefit termination (assuming that he was employed until age 65
or the normal retirement date, if any, specified in such
document).

               (e)  Death During Remaining Term of Agreement.

                    (1)  In the event the Executive dies during
the remaining term of this Agreement following his termination
without Disability or Cause by CNB and he is survived by a
spouse, the compensation and benefits required to be paid and
provided under Subparagraph (b) shall be unaffected by his death
and shall be paid and provided to her or on her behalf;
provided, however, that the extent of her rights to the accrued
benefits described in Paragraph 6(b)(4) shall be determined by
reference to the relevant plan provisions and any elections made
under such plans; and provided further, that CNB shall not be
required to provide continued benefits with respect to her
deceased husband; and provided further, that in no event shall
CNB be required to provide, at its cost, the other welfare
benefits described in Paragraph 6(b)(5) to such spouse and her
eligible dependents after the earlier of (i) her death, or (ii)
the later of (A) her attainment of age 65, or (B) the date
specified in the relevant plan document for benefit termination
(assuming that the Executive was employed until age 65 or the
normal retirement date, if any, specified in such document).

                    (2)  In the event the Executive dies during
the remaining term of this Agreement following his termination
without Disability or Cause and he is not survived by a spouse,
(i) CNB shall thereafter make the remaining payments described
in Paragraphs 6(b)(1) through 6(b)(3) directly to his estate,
(ii) the extent of the rights of any person to the accrued
benefits described in Paragraph 6(b)(4) shall be determined by
reference to the relevant plan provisions and any elections made
under such plans, and (iii) CNB's obligation to provide the
continued benefits described in Paragraph 6(b)(5) shall
terminate.

          11. Termination By the Executive for Good Reason.

               (a)  In General.  In the event the Executive
intends to terminate his employment for Good Reason, he shall
deliver a Notice of Termination to CNB which specifies a Date of
Termination not less than 30 days following the date of such
notice.

               (b)  Compensation and Benefits During Remaining
Term of Agreement.  In the event of the termination of the
Executive's employment under Subparagraph (a), CNB shall pay or
provide the compensation and benefits described in Paragraph
6(b), except that all such compensation and benefits shall be
for a term of three (3) years from the Date of Termination and
the term of this Agreement shall continue until all such
compensation and benefits are paid to Executive in full.

               (c)  Adjustment to Certain Subparagraph (b)
Compensation and Benefits.  In the event the Executive suffers a
Disability during the remaining term of this Agreement following
the Date of Termination, CNB's obligation to pay or fund any
disability insurance premiums on his behalf shall be suspended
while his Disability continues, provided the cessation of
payment or funding does not result in the termination of
disability benefits.  Any amounts described in Paragraph 6(b)
and otherwise payable under Subparagraph (b) shall be reduced
(but not below zero) by the dollar amount of disability benefits
received by him pursuant to plans or policies funded, directly
at its cost, by CNB.

               (d)  Earlier Cessation of Certain Welfare
Benefits.  Notwithstanding the provisions of Subparagraph (b),
CNB shall not be required to provide, at its cost, the welfare
benefits covered by Paragraph 6(b)(5) after the later of (i) the
attainment by the Executive and his spouse (if any) of age 65,
or (ii) the date specified in the relevant plan document for
benefit termination (assuming that he was employed until age 65
or the normal retirement date, if any, specified in such
document).

               (e)  Death During Remaining Term of Agreement.

                    (1)  In the event the Executive dies during
the remaining term of this Agreement following his termination
for Good Reason and he is survived by a spouse, the compensation
and benefits required to be paid and provided under Subparagraph
(b) shall be unaffected by his death and shall be paid and
provided to her or on her behalf; provided, however, that the
extent of her rights to the accrued benefits described in
Paragraph 6(b)(4) shall be determined by reference to the
relevant plan provisions and any elections made under such
plans; and provided further, that CNB shall not be required to
provide continued benefits with respect to her deceased husband;
and provided further, that in no event shall CNB be required to
provide, at its cost, the other welfare benefits described in
Paragraph 6(b)(5) to such spouse and her eligible dependents
after the earlier of (i) her death, or (ii) the later of (A) her
attainment of age 65, or (B) the date specified in the relevant
plan document for benefit termination (assuming that the
Executive was employed until age 65 or the normal retirement
date, if any, specified in such document).

                    (2)  In the event the Executive dies during
the remaining term of this Agreement following his termination
for Good Reason and he is not survived by a spouse, (i) CNB
shall thereafter make the remaining payments described in
Paragraphs 6(b)(1) through 6(b)(3) directly to his estate, (ii)
the extent of the rights of any person to the accrued benefits
described in Paragraph 6(b)(4) shall be determined by reference
to the relevant plan provisions and any elections made under
such plans, and (iii) CNB's obligation to provide the continued
benefits described in Paragraph 6(b)(5) shall terminate.

          12. Provisions Relating to Excise Taxes.

               (a)  In General.  In the event the Executive
becomes liable, for any taxable year, for the payment of an
Excise Tax (because of a change in control) with respect to the
compensation and benefits payable by CNB under this Agreement or
otherwise, CNB shall make one or more Gross-Up Payments to the
Executive or on his behalf.  The amount of any Gross-Up Payment
shall be calculated by a certified public accountant or other
tax professional designated jointly by the Executive and CNB.
The provisions of this paragraph shall apply with respect to the
Executive's surviving spouse or estate, where relevant.

               (b)  Methodology for Calculation of Gross-Up
Payment.  For purposes of determining the amount of any Gross-Up
Payment, the Executive shall be deemed to pay income taxes at
the highest federal, state, and local marginal rates of tax for
the calendar year in which the Gross-Up Payment is to be made,
net of the maximum reduction in federal income tax which could
be obtained from the deduction of state and local income taxes.
In the event that the Excise Tax is subsequently determined to
be less than the amount taken into account at the time the
Gross-Up Payment was made, the Executive shall repay to CNB, at
the time that the amount of such reduction in Excise Tax is
finally determined, the portion of the Gross-Up Payment
attributable to the reduction (plus a portion of the Gross-Up
Payment attributable to the Excise Tax and the federal, state,
and local income taxes imposed on the portion of the Gross-Up
Payment being repaid by the Executive to the extent such
repayment results in a reduction in Excise Tax or federal,
state, or local income tax), plus interest on the amount of such
repayment.  Such interest shall be calculated by using the rate
in effect under Section 1274(d)(1) of the IRC, on the date the
Gross-Up Payment was made, for debt instruments with a term
equal to the period of time which has elapsed from the date the
Gross-Up Payment was made to the date of repayment.  In the
event that the Excise Tax is subsequently determined to exceed
the amount taken into account at the time the Gross-Up Payment
was made (including by reason of any payment the existence or
amount of which could not be determined at the time of the
Gross-Up Payment), CNB shall make an additional Gross-Up Payment
with respect to the excess at the time the amount thereof is
finally determined, plus interest calculated in a manner similar
to that described in the preceding sentence.

               (c)  Time of Payment.  Any Gross-Up Payment
provided for herein shall be paid not later than the 30th day
following the payment of any compensation or the provision of
any benefit which causes such payment to be made; provided,
however, that if the amount of such payment cannot be finally
determined on or before such day, CNB shall pay on such day an
estimate of the minimum amount of such payment and shall pay the
remainder of such payment (together with interest calculated in
a manner similar to that described in Subparagraph (b)) as soon
as the amount thereof can be determined.  In the event that the
amount of an estimated payment exceeds the amount subsequently
determined to have been due, such excess shall constitute a loan
by CNB to the Executive, payable on the 30th day after demand by
CNB (together with interest calculated in a manner similar to
that described in Subparagraph (b)).

               (d)  Other Arrangements.  Notwithstanding the
provisions of this paragraph to the contrary, the actual amounts
payable hereunder as Gross-Up Payments shall be coordinated with
any similar amounts paid to the Executive under any other
contract, plan, or arrangement.

          13. Fees and Expenses of the Executive.  After a
Change in Control and except as provided in the following
sentence, CNB shall pay, within 30 days following demand by the
Executive, all legal, accounting, actuarial, and related fees
and expenses incurred by him in connection with the enforcement
of this Agreement.  An arbitration panel or a court of competent
jurisdiction shall be empowered to deny payment to the Executive
of such fees and expenses only if it determines that he
instituted a proceeding hereunder, or otherwise acted, in bad
faith.

          14. Reduction for Compensation and Benefits Received
Under CNB Severance Policy, Etc.  Notwithstanding anything
herein to the contrary, in the event the Executive, his
surviving spouse, or any other person becomes entitled to
continued compensation and benefits hereunder by reason of the
Executive's termination of employment and, in addition,
compensation or similar benefits are payable under a severance
policy, program or arrangement maintained by CNB (other than
retirement plans), then the compensation or benefits otherwise
payable hereunder shall be reduced by the compensation or
benefits provided under such severance policy, program or
arrangement.

          15. Mitigation.  The Executive shall not be required
to mitigate the amount of any compensation or benefits which may
become payable hereunder by reason of his termination by seeking
other employment or otherwise, nor, except as otherwise provided
in the following sentence or elsewhere herein, shall the amount
of any such compensation or benefits be reduced by any
compensation or benefits received by the Executive as the result
of his employment by another employer.  Notwithstanding anything
in this Agreement to the contrary, CNB's obligation to provide
any medical and dental benefits hereunder may be suspended, with
the written concurrence of the Executive or, if applicable, his
surviving spouse during any period of time that such benefits
are being provided by reason of his or her employment.

          16. Funding of Compensation and Benefits; Acceleration
of Certain Payments.

               (a)  Grantor Trust.  In the event (i) the
Executive's employment is terminated without Cause or he
terminates his employment for Good Reason, and (ii)  and a
Change in Control has occurred as of the Date of Termination or
occurs thereafter, the Executive shall have the right to require
CNB to establish a grantor trust (taxable to CNB) and fund such
trust, on an actuarially sound basis, to provide the
compensation and benefits to which he is entitled hereunder,
other than those which may be paid pursuant to the provisions of
Subparagraph (c).  The specific terms of such trust shall be as
agreed to by the parties in good faith; provided, however, that
the trustee shall be a financial institution independent of CNB;
and provided further, that in no event shall CNB be entitled to
withdraw funds from the trust for its benefit, or otherwise
voluntarily assign or alienate such funds, until such time as
all compensation and benefits required hereunder are paid and
provided.  The determination of the extent of required funding,
including any supplemental funding in the event of adverse
investment performance of trust assets, shall be made by an
actuary or a certified public accountant retained by each party.
To the extent such professionals cannot agree on the proper
level of funding, they shall select a third such professional
whose determination shall be binding upon the parties.
Notwithstanding the foregoing, CNB shall remain liable for all
compensation and benefits required to be paid or provided
hereunder.

          (b)  Alternate Security.  In lieu of the right given
to the Executive under Subparagraph (a), he shall have the right
under such circumstances to require that CNB provide (i) an
irrevocable standby letter of credit issued by a financial
institution other than CNB or any Subsidiary of CNB with a
senior debt credit rating of "A" or better by Moody's Investors
Service or Standard & Poor's Corporation, or (ii) other security
reasonably acceptable to him, to secure the payment of such
compensation and benefits.

          (c)  Accelerated Payment of Present Value of Certain
Compensation.  In the event (i) the Executive's employment is
terminated without Cause or he terminates his employment for
Good Reason, and (ii) a Change in Control has occurred as of the
Date of Termination or occurs thereafter, the Executive shall
have the continuing right to demand that the present value of
the remaining payments described in Paragraphs 6(b)(1) through
(3), and payable by reason of the provisions of Paragraph 10 or
11 (as the case may be), be paid to him in one lump sum within
30 days after the date written demand is given.  For purposes of
calculating the present value of such payments, a discount
factor shall be applied to each such payment which is equal to
the relevant applicable federal rate in effect on the date
written demand is given by him, determined by reference to the
period of time between the date of such notice and the scheduled
time such payment would otherwise be made.  In the event any
payment described in Paragraphs 6(b)(1) through (3) is not yet
determinable on the date written demand is made, the other
payments shall nonetheless be made as provided above; and the
undetermined payment shall be made within 30 days after it
becomes determinable, calculated as provided in the preceding
sentence but by treating the date on which the payment becomes
determinable as the date of written notice.  Nothing in this
subparagraph shall be construed as affecting the Executive's
right to one or more Gross-Up Payments in accordance with the
provisions of Paragraph 12; and a Gross-Up Payment (if
applicable) will be calculated and made with any payment made
under this subparagraph, as well as any other Gross-Up Payments
that may be required hereunder at a subsequent date.

          17. Withholding Taxes.  All compensation and benefits
provided for herein shall, to the extent required by law, be
subject to federal, state, and local tax withholding.

          18. Confidential Information.  The Executive agrees
that subsequent to his employment with CNB, he will not, at any
time, communicate or disclose to any unauthorized person,
without the written consent of the CNB, any proprietary or other
confidential information concerning CNB or any Subsidiary of
CNB; provided, however, that the obligations under this
paragraph shall not apply to the extent that such matters (i)
are disclosed in circumstances where the Executive is legally
obligated to do so, or (ii) become generally known to and
available for use by the public otherwise than by his wrongful
act or omission; and provided further, that he may disclose any
knowledge of insurance, financial, legal and economic
principles, concepts and ideas which are not solely and
exclusively derived from the business plans and activities of
CNB.

          19. Covenants Not to Compete or to Solicit.

               (a)  Noncompetition.  During the period in which
he is employed by CNB and, if the Executive's employment
terminates under Paragraphs 6, 8, 9, 10 or 11, for a period of
12 months after the Date of Termination (the "Noncompetition
Period"), the Executive shall not, without the written consent
in writing of the Board of Directors of CNB, become an officer,
employee, agent, partner, consultant, member, director, or a
four and nine-tenths percent or greater shareholder or equity
owner of any entity engaged in the banking, lending, asset
management, mutual fund, financial planning or investment
security business within the New Jersey counties of Camden,
Burlington, Gloucester, Salem, Atlantic, Cape May and
Cumberland, or any other New Jersey county in which CNB has a
branch or loan production office.  If at the time of the
enforcement of this paragraph a court holds that the duration,
scope, or area restrictions stated herein are unreasonable under
the circumstances then existing and, thus, unenforceable, CNB
and the Executive agree that the maximum duration, scope, or
area reasonable under such circumstances shall be substituted
for the stated duration, scope, or area.

               (b)  Nonsolicitation.  During his employment and
the Noncompetition Period, the Executive shall not, whether on
his own behalf or on behalf of any other individual or business
entity, solicit, endeavor to entice away from CNB, a Subsidiary
or any affiliated company, or otherwise interfere with the
relationship of CNB, a Subsidiary or any affiliated company with
any person who is, or was within the then most recent 12 month
period, an employee or associate thereof; provided, however,
that this subparagraph shall not apply following the occurrence
of a Change in Control.

               (c)  Extension of Noncompetition Period.  The
Noncompetition Period shall be automatically extended by the
length of time (if any) in which the Executive is in violation
of any of the terms of this Section 19.

          20. Arbitration.  To the extent permitted by
applicable law, any controversy or dispute arising out of or
relating to this Agreement, or any alleged breach hereof, shall
be settled by arbitration in Camden County, New Jersey, in
accordance with the commercial rules of the American Arbitration
Association then in existence (to the extent such rules are not
inconsistent with the provisions of this Agreement), it being
understood and agreed that the arbitration panel shall consist
of three individuals acceptable to the parties hereto.  In the
event that the parties cannot agree on three arbitrators within
20 days following receipt by one party of a demand for
arbitration from another party, then the Executive and CNB shall
each designate one arbitrator and the two arbitrators selected
shall select the third arbitrator.  The arbitration panel so
selected shall convene a hearing no later than 90 days following
the selection of the panel.  The arbitration award shall be
final and binding upon the parties, and judgment may be entered
thereon in the New Jersey Superior Court or in any other court
of competent jurisdiction.

          21. Additional Equitable Remedy.  The Executive
acknowledges and agrees that CNB's remedy at law for a breach or
a threatened breach of the provisions of Paragraphs 18 and 19
would be inadequate; and, in recognition of this fact and
notwithstanding the provisions of Paragraph 20, in the event of
such a breach or threatened breach by him, it is agreed that CNB
shall be entitled to request equitable relief in the form of
specific performance, temporary restraining order, temporary or
permanent injunction, or any other equitable remedy which may
then be available.  Nothing in this paragraph shall be construed
as prohibiting CNB from pursuing any other remedy available
under this Agreement for such a breach or threatened breach.

          22. Related Agreements.  Except as may otherwise be
provided herein, to the extent that any provision of any other
agreement between CNB and the Executive shall limit, qualify,
duplicate, or be inconsistent with any provision of this
Agreement, the provision in this Agreement shall control and
such provision of such other agreement shall be deemed to have
been superseded, and to be of no force or effect, as if such
other agreement had been formally amended to the extent
necessary to accomplish such purpose.

          23. No Effect on Other Rights.  Except as otherwise
specifically provided herein, nothing contained in this
Agreement shall be construed as adversely affecting any rights
the Executive may have under any agreement, plan, policy or
arrangement to the extent any such right is not inconsistent
with the provisions hereof.

     24. Exclusive Rights and Remedy.  Except for any explicit
rights and remedies the Executive may have under any other
contract, plan or arrangement with CNB, the compensation and
benefits payable hereunder and the remedy for enforcement
thereof shall constitute his exclusive rights and remedy in the
event of his termination of employment.

          25. Director and Officer Liability Insurance;
Indemnification.  CNB shall provide the Executive (including his
heirs, executors, and administrators) with the maximum coverage
permitted under its directors' and officers' liability insurance
policy, as soon as CNB obtains such a policy, at CNB's expense,
and shall indemnify him as both a director and as an officer
(and his heirs, executors, and administrators) to the fullest
extent permitted under Federal and New Jersey law against all
expenses and liabilities reasonably incurred by him in
connection with or arising out of any action, suit, or
proceeding in which he may be involved by reason of his having
been an officer or director of CNB or any Subsidiary or
affiliated company (whether or not he continues to be such an
officer or director at the time of incurring such expenses or
liabilities).  Such expenses and liabilities shall include, but
not be limited to, judgments, court costs, and attorneys' fees,
and the costs of reasonable settlements.

          26. Notices.  Any notice required or permitted under
this Agreement shall be sufficient if it is in writing and shall
be deemed given (i) at the time of personal delivery to the
addressee, or (ii) at the time sent certified mail, with return
receipt requested, addressed as follows:

               If to the Executive:

                                   Gerard M. Banmiller
                                   122 East Palmer Avenue
                                   Collingswood, NJ 08108

               If to CNB	1st Colonial National Bank

                                   1040 Hadden Avenue
                                   Collingswood, NJ 08108

                                   Attention: Chairman of the
                                              Board of Directors

The name or address of any addressee may be changed at any time
and from time to time by notice similarly given.

          27. No Waiver.  The failure by any party to this
Agreement at any time or times hereafter to require strict
performance by any other party of any of the provisions, terms,
or conditions contained in this Agreement shall not waive,
affect, or diminish any right of the first party at any time or
times thereafter to demand strict performance therewith and with
any other provision, term, or condition contained in this
Agreement.  Any actual waiver of a provision, term, or condition
contained in this Agreement shall not constitute a waiver of any
other provision, term, or condition herein, whether prior or
subsequent to such actual waiver and whether of the same or a
different type.  The failure of CNB to promptly terminate the
Executive's employment for Cause or the Executive to promptly
terminate his employment for Good Reason shall not be construed
as a waiver of the right of termination, and such right may be
exercised at any time following the occurrence of the event
giving rise to such right.

          28. Survival.  Notwithstanding the nominal termination
of this Agreement and the Executive's employment hereunder, the
provisions hereof which specify continuing obligations,
compensation and benefits, and rights (including the otherwise
applicable term hereof) shall remain in effect until such time
as all such obligations are discharged, all such compensation
and benefits are received, and no party or beneficiary has any
remaining actual or contingent rights hereunder.

          29. Severability.  In the event any provision in this
Agreement shall be held illegal or invalid for any reason, such
illegal or invalid provision shall not affect the remaining
provisions hereof, and this Agreement shall be construed,
administered and enforced as though such illegal or invalid
provision were not contained herein.

          30. Binding Effect and Benefit.  The provisions of
this Agreement shall be binding upon and shall inure to the
benefit of the successors and assigns of CNB and the executors,
personal representatives, surviving spouse, heirs, devisees, and
legatees of the Executive.

          31. Entire Agreement.  This Agreement embodies the
entire agreement among the parties with respect to the subject
matter hereof, and it supersedes all prior discussions and oral
understandings of the parties with respect thereto.

          32. No Assignment.  This Agreement, and the benefits
and obligations hereunder, shall not be assignable by any party
hereto except by operation of law.

          33. No Attachment.  Except as otherwise provided by
law, no right to receive compensation or benefits under this
Agreement shall be subject to anticipation, commutation,
alienation, sale, assignment, encumbrance, charge, pledge, or
hypothecation, or to set off, execution, attachment, levy, or
similar process, and any attempt, voluntary or involuntary, to
effect any such action shall be null and void.

          34. Captions.  The captions of the several paragraphs
and subparagraphs of this Agreement have been inserted for
convenience of reference only.  They constitute no part of this
Agreement and are not to be considered in the construction
hereof.

          35. Counterparts.  This Agreement may be executed in
any number of counterparts, each of which shall be deemed one
and the same instrument which may be sufficiently evidenced by
any one counterpart.

          36. Number.  Wherever any words are used herein in the
singular form, they shall be construed as though they were used
in the plural form, as the context requires, and vice versa.

          37. Applicable Law.  Except to the extent preempted by
federal law, the provisions of this Agreement shall be
construed, administered, and enforced in accordance with the
domestic internal law of the State of New Jersey without
reference to its laws regarding conflict of laws.

          IN WITNESS WHEREOF, the parties have executed this
Agreement, or caused it to be executed, as of the date first
above written.

                              ____________________________(SEAL)
                              Gerard M. Banmiller

                              1ST COLONIAL NATIONAL BANK

                              By:_______________________________
                                     James E. Strangfeld,
                                     Executive Vice President

                              Attest:___________________________
                                     Benjamin F. Watts, Jr.
                                     Executive Vice President
                                     and Secretary

                             GLOSSARY

          "Board of Directors" means the board of directors of
the relevant corporation.

          "Cause" means (i) a documented repeated and willful
failure by the Executive to perform his duties, but only after
written demand and only if termination is effected by action
taken by a vote of (A) prior to a Change in Control, at least a
majority of the directors of CNB then in office, or (B) after a
Change in Control, at least 80% of the nonofficer directors of
CNB then in office, (ii) his final conviction of a felony, (iii)
conduct by him which constitutes moral turpitude which is
directly and materially injurious to CNB or any Material
Subsidiary, (iv) willful material violation of corporate policy,
or (v) the issuance by the regulator of CNB or any Subsidiary or
affiliated company of an unappealable order to the effect that
he be permanently discharged.

          For purposes of this definition, no act or failure to
act on the part of the Executive shall be considered "willful"
unless done or omitted not in good faith and without reasonable
belief that the action or omission was in the best interest of
CNB or any of its Subsidiaries or affiliated companies.

          "Change in Control" means the occurrence of any of the
following events:

          (a)  any Person (except (i) CNB or any Subsidiary or
prior affiliate of CNB, or (ii) any Employee Benefit Plan (or
any trust forming a part thereof) maintained by CNB or any
Subsidiary or prior affiliate of CNB) is or becomes the
beneficial owner, directly or indirectly, of CNB's securities
representing 19.9% or more of the combined voting power of CNB's
then outstanding securities, or 50.1% or more of the combined
voting power of a Material Subsidiary's then outstanding
securities, other than pursuant to a transaction described in
Clause (c);

          (b)  there occurs a sale, exchange, transfer or other
disposition of substantially all of the assets of CNB or a
Material Subsidiary to another entity, except to an entity
controlled directly or indirectly by CNB;

          (c)  there occurs a merger, consolidation, share
exchange, division or other reorganization of or relating to
CNB, unless-

               (i)   the shareholders of CNB immediately before
such merger, consolidation, share exchange, division or
reorganization own, directly or indirectly, immediately
thereafter at least two-thirds of the combined voting power of
the outstanding voting securities of the Surviving Company in
substantially the same proportion as their ownership of the
voting securities immediately before such merger, consolidation,
share exchange, division or reorganization; and

               (ii)   the individuals who, immediately before
such merger, consolidation, share exchange, division or
reorganization, are members of the Incumbent Board continue to
constitute at least two-thirds of the board of directors of the
Surviving Company; provided, however, that if the election, or
nomination for election by CNB's shareholders, of any new
director was approved by a vote of at least two-thirds of the
Incumbent Board, such director shall, for the purposes hereof,
be considered a member of the Incumbent Board; and provided
further, however, that no individual shall be considered a
member of the Incumbent Board if such individual initially
assumed office as a result of either an actual or threatened
Election Contest or Proxy Contest, including by reason of any
agreement intended to avoid or settle any Election Contest or
Proxy Contest; and

                    (iii)   no Person (except (A) CNB or any
Subsidiary or prior affiliate of CNB, (B) any Employee Benefit
Plan (or any trust forming a part thereof) maintained by CNB or
any Subsidiary or prior affiliate of CNB, or (C) the Surviving
Company or any Subsidiary or prior affiliate of the Surviving
Company) has beneficial ownership of 19.9% or more of the
combined voting power of the Surviving Company's outstanding
voting securities immediately following such merger,
consolidation, share exchange, division or reorganization;

               (d)  a plan of liquidation or dissolution of CNB,
other than pursuant to bankruptcy or insolvency laws, is
adopted; or

               (e)  during any period of two consecutive years,
individuals who, at the beginning of such period, constituted
the Board of Directors of CNB cease for any reason to constitute
at least a majority of such Board of Directors, unless the
election, or the nomination for election by CNB's shareholders,
of each new director was approved by a vote of at least two-
thirds of the directors then still in office who were directors
at the beginning of the period; provided, however, that no
individual shall be considered a member of the Board of
Directors of CNB at the beginning of such period if such
individual initially assumed office as a result of either an
actual or threatened Election Contest or Proxy Contest,
including by reason of any agreement intended to avoid or settle
any Election Contest or Proxy Contest.

Notwithstanding the foregoing, a Change in Control shall not be
deemed to have occurred if a Person becomes the beneficial
owner, directly or indirectly, of securities representing 19.9%
or more of the combined voting power of CNB's then outstanding
securities solely as a result of an acquisition by CNB of its
voting securities which, by reducing the number of shares
outstanding, increases the proportionate number of shares
beneficially owned by such Person; provided, however, that if a
Person becomes a beneficial owner of 19.9% or more of the
combined voting power of CNB's then outstanding securities by
reason of share repurchases by CNB and thereafter becomes the
beneficial owner, directly or indirectly, of any additional
voting securities of CNB, then a Change in Control shall be
deemed to have occurred with respect to such Person under
Clause (a).

Notwithstanding anything contained herein to the contrary, if
the Executive's employment is terminated and he reasonably
demonstrates that such termination (i) was at the request of a
third party who has indicated an intention of taking steps
reasonably calculated to effect a Change in Control and who
effects a Change in Control, or (ii) otherwise occurred in
connection with, or in anticipation of, a Change in Control
which actually occurs, then for all purposes hereof, a Change in
Control shall be deemed to have occurred on the day immediately
prior to the date of such termination of his employment.

          "CNB" means 1st Colonial National Bank.

          "Date of Termination" means:

               (a)  if the Executive's employment is terminated
for Disability, 30 days after the Notice of Termination is given
(provided that he shall not have returned to the performance of
his duties on a full-time basis during such 30-day period);

               (b)  if the Executive's employment terminates by
reason of his death, the date of his death;

               (c)  if the Executive's employment is terminated
by CNB for Cause, the date of termination specified in the
Notice of Termination and determined in accordance with Section
8(a);

               (d)  if the Executive's employment is terminated
by him without Good Reason, the date of termination specified in
the Notice of Termination and determined in accordance with
Section 9(a);

               (e)  if the Executive's employment is terminated
by CNB for any reason other than for Disability or Cause, the
date specified in the Notice of Termination and determined in
accordance with Section 10(a); or

               (f)  if the Executive's employment is terminated
by him for Good Reason, the termination date specified in the
Notice of Termination and determined in accordance with Section
11(a);

provided, however that the Date of Termination shall mean the
actual date of termination in the event the parties mutually
agree to a date other than that described above.

          "Defined Benefit Plan" has the meaning ascribed to
such term in Section 3(35) of ERISA.

          "Defined Contribution Plan" has the meaning ascribed
to such term in Section 3(34) of ERISA.

          "Disability" has the meaning ascribed to the term
"permanent and total disability" in Section 22(e)(3) of the IRC.

          "Election Contest" means a solicitation with respect
to the election or removal of directors that, if CNB was subject
to the provisions of the 1934 Act, would be subject to the
provisions of Rule 14a-11 of the 1934 Act.

          "Employee Benefit Plan" has the meaning ascribed to
such term in Section 3(3) of ERISA.

          "ERISA" means the Employee Retirement Income Security
Act of 1974, as amended and as the same may be amended from time
to time.

          "Excise Tax" means the tax imposed by Section 4999 of
the IRC (or any similar tax that may hereafter be imposed by
federal, state or local law).

          "Executive" means Gerard M. Banmiller, an individual
residing in Collingswood, New Jersey.

          "Good Reason" means:

               (a)  prior to a Change in Control--

                    (i)   the Executive's demotion to a lesser
position, or any material diminution in his duties or
responsibilities;

                    (ii)    a reduction in the Executive's base
compensation, other than a reduction which is proportionate to a
company-wide reduction in executive pay;

                    (iii)   a failure to increase the
Executive's base compensation, consistent with his performance
rating, within 24 months since the last increase, other than
similar treatment on a company-wide basis for executives or a
voluntary deferral by him of an increase; or

                    (iv)    any purported termination of the
Executive's employment which is not in accordance with the terms
of this Agreement; and

               (b)  after a Change in Control--

                    (i)   a change in the Executive's status or
position, or any material diminution in his duties or
responsibilities;

                    (ii)   any increase in the Executive's
duties inconsistent with his position;

                    (iii)   any reduction in the Executive's
base compensation;

                    (iv)   a failure to increase the Executive's
base compensation, consistent with his performance review,
within 12 months of the last increase; or a failure to consider
Executive for an increase within 12 months of his last
performance review;

                    (v)   a failure to continue in effect any
Employee Benefit Plan in which the Executive participates,
including (whether or not they constitute Employee Benefit
Plans) incentive bonus, stock option, or other qualified or
nonqualified plans of deferred compensation (A) other than as a
result of the normal expiration of such a plan, or (B) unless
such plan is merged or consolidated into, or replaced with, a
plan with benefits which are of equal or greater value;

                    (vi)   requiring the Executive to be based
anywhere other than the county where his principal office was
located immediately prior to the Change in Control;

                    (vii)   refusal to allow the Executive to
attend to matters or engage in activities in which he was
permitted to engage prior to the Change in Control;

                    (viii)   delivery to the Executive of a
Notice of Nonextension;

                    (ix)  failure to secure the affirmation by a
Successor, within three business days prior to a Change in
Control, of this Agreement and its or CNB's continuing
obligations hereunder (or where there is not at least three
business days advance notice that a Person may become a
Successor, within one business day after having notice that such
Person may become or has become a Successor); or

                    (x)  any purported termination of the
Executive's employment which is not in accordance with the terms
of this Agreement.

Notwithstanding anything herein to the contrary, at the election
of the Executive, beginning with the 181st day following a
Change in Control and continuing through the first anniversary
of such Change in Control, he may terminate his employment for
any reason or no reason and such termination will be treated as
having occurred for Good Reason.

          "Gross-Up Payment" means an additional payment to be
made to or on behalf of the Executive in an amount such that the
net amount retained by him, after deduction of any Excise Tax on
the Total Payments and any federal, state, and local income tax
and Excise Tax on such additional payment, equals the Total
Payments.

          "Incumbent Board" means the Board of Directors of CNB
as constituted at any relevant time.

          "IRC" means the Internal Revenue Code of 1986, as
amended and as the same may be amended from time to time.

          "Material Subsidiary" means a Subsidiary whose net
worth, determined under generally accepted accounting
principles, at the fiscal year end immediately prior to any
relevant time is at least 25% of the aggregate net worth of the
controlled group of corporations of which CNB is parent.

          "1934 Act" means the Securities Exchange Act of 1934,
as amended and as the same may be amended from time to time.

          "Notice of Non-Extension" means a written notice
delivered to or by the Executive which advises that the
Agreement will not be extended as provided in Paragraph 3.

          "Notice of Termination" means a written notice that
(i) indicates the specific termination provision in this
Agreement relied upon, (ii) sets forth in reasonable detail the
facts and circumstances claimed to provide a basis for
termination of the Executive's employment under the provision so
indicated, and (iii) gives the required advance notice of
termination.

          "OCC" means the Office of the Comptroller of the
Company, and any successor thereto.

          "Person" has the same meaning as such term has for
purposes of Sections 13(d) and 14(d) of the 1934 Act.

          "Proxy Contest" means the solicitation of proxies or
consents by or on behalf of a Person other than the Board of
Directors of CNB.

          "Subsidiary" means any business entity of which a
majority of its voting power or its equity securities or equity
interests is owned, directly or indirectly by CNB.

          "Successor" means any Person that succeeds to, or has
the practical ability to control (either immediately or with the
passage of time), CNB's business directly, by merger or
consolidation, or indirectly, by purchase of CNB's voting
securities or all or substantially all of its assets.

          "Surviving Company" means the business entity that is
a resulting company following a merger, consolidation, share
exchange, division or other reorganization of or relating to
CNB.

          "Total Payments" means the compensation and benefits
that become payable under the Agreement or otherwise (and which
may be subject to an Excise Tax) by reason of the Executive's
termination of employment, less the federal, state and local
income tax (but not any Excise Tax) on such compensation and
benefits, in each case determined without regard to any Gross-Up
Payments that may also be made.

          "Welfare Benefit Plan" has the meaning ascribed to the
term "employee welfare benefit plan" in Section 3(1) of ERISA.
For purposes of determining the Executive's or his dependents'
right to continued welfare benefits hereunder following his
termination of employment, the meaning of such term shall
include any retiree health plan maintained by CNB at any time
after the relevant Date of Termination, notwithstanding the fact
that the Executive is not a participant therein prior to such
date.

G-30

03/11/02/SL1 243961v1/90470.001

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