EXHIBIT 10.4

 
                                 EXHIBIT 10.4

               EMPLOYMENT AGREEMENT BETWEEN SOUTH JERSEY SAVINGS
                  AND LOAN ASSOCIATION AND XXXXXXX X. XXXXXXX

 
                                                                    Exhibit 10.4

     Xx. XxXxxxx'x Employment Agreement is the same as the Employment Agreement
in Exhibit 10.3, which is incorporated herein by reference except as to: (i) the
name of the signatory, which is Xxxxxxx X. XxXxxxx; (ii) the position in Section
1, which is Executive Vice President, Treasurer and Chief Operating Officer;
(iii) the signatory for the Company, which is Xxxxxx X. Xxxxxxxxx; (iv) the
guarantor for the Company, which is Xxxxxx X. Xxxxxxxxx; and (v) the amount of
the base salary in Section 3(a), which is $142,730.