EXHIBIT 10.3 EMPLOYMENT AGREEMENT BETWEEN GRAND CENTRAL FINANCIAL CORP. AND DANIEL F. GALEOTI EXHIBIT 10.3 Mr. Galeoti's Employment Agreement is the same as the Employment Agreement in Exhibit 10.1, which is incorporated herein by reference except as...

                                  EXHIBIT 10.3
           EMPLOYMENT AGREEMENT BETWEEN GRAND CENTRAL FINANCIAL CORP.
                              AND XXXXXX X. XXXXXXX







                                  EXHIBIT 10.3

         Xx. Xxxxxxx'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 Xxxxxx X. Xxxxxxx; (ii) the
signatory for the Company, which is Xxxxxxx X. Xxxxxxxx; (iii) the position in
Section 1, which is Vice President of Mortgage Operations; and (iv) the amount
of the base salary in Section 3(a), which is $81,130.