EXHIBIT 10.2 EMPLOYMENT AGREEMENT BETWEEN GRAND CENTRAL FINANCIAL CORP. AND JOHN A. RIFE

                                  EXHIBIT 10.2
           EMPLOYMENT AGREEMENT BETWEEN GRAND CENTRAL FINANCIAL CORP.
                                AND XXXX X. XXXX








                                  EXHIBIT 10.2

         Xx. Xxxx'x Employment Agreement is the same as the Employment Agreement
in Exhibit 10.1, which is incorporated herein by reference except as to: (i) the
name of the signatory, which is Xxxx X. Xxxx; (ii) the signatory for the
Company, which is Xxxxxxx X. Xxxxxxxx; (iii) the position in Section 1, which is
Executive Vice President and Treasurer; and (iv) the amount of the base salary
in Section 3(a), which is $92,961.