0001047469-05-008636 Sample Contracts

AGREEMENT
Agreement • March 31st, 2005 • PSB Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania

THIS AGREEMENT ("Agreement") made as of the 1st day of July, 2004, by and between FIRST PENN BANK, a Pennsylvania-chartered commercial bank (the "Bank"), and [FRANK] BORELLI, an individual (the "Executive").

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