ROEBLING BANK



                              EMPLOYMENT AGREEMENT





         THIS  AGREEMENT  entered  into  this 1st day of June  2003  ("Effective

Date"),  by and between  Roeblings Bank,  Roebling,  New Jersey, a Federal stock

savings bank, hereafter (the "Bank") and Janice A. Summers (the "Employee").



         WHEREAS,  the  Employee  has  heretofore  been  employed by the Bank as

Senior Vice President,  Chief Operating  Officer and Chief Financial Officer and

is experienced in all phases of the business of the Bank; and



         WHEREAS, the parties desire by this writing to set forth the continuing

employment relationship between the Bank and the Employee.



         NOW, THEREFORE, intending to be legally bound, the parties hereto agree

as follows:



         1.  Employment.  The Employee is employed in the capacity as the Senior

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Vice President, Chief Operating Officer and Chief Financial Officer of the Bank.

The Employee shall render such  administrative  and  management  services to the

Bank and to Roebling  Financial Corp.,  Inc. or any successor holding company of

the Bank ("Parent") as are currently  rendered and as are customarily  performed

by persons situated in a similar executive capacity.  The Employee shall promote

the business of the Bank and Parent.  The Employee's  other duties shall be such

as the Board of Directors for the Bank (the "Board of Directors" or "Board") may

from time to time reasonably  direct,  including  normal duties as an officer of

the Bank.



         2. Base  Compensation.  The Bank agrees to pay the Employee  during the

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term of this  Agreement  a salary at the rate of $86,000  per annum,  payable in

cash not less  frequently than monthly;  provided,  that the rate of such salary

shall be reviewed by the Board of Directors  not less often than  annually,  and

Employee shall be entitled to receive annually an increase at such percentage or

in such an amount as the Board of Directors in its sole discretion may decide at

such time.



         3.  Discretionary  Bonus. The Employee shall be entitled to participate

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in an equitable manner with all other senior management employees of the Bank in

discretionary  bonuses  that may be  authorized  and  declared  by the  Board of

Directors  to its  senior  management  employees  from  time to  time.  No other

compensation provided for in this Agreement shall be deemed a substitute for the

Employee's  right  to  participate  in such  discretionary  bonuses  when and as

declared by the Board of Directors.



{PAGE}



         4. (a)  Participation  in Retirement  and Medical  Plans.  The Employee

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shall be entitled to  participate  in any plan of the Bank  relating to pension,

profit-sharing,   or  other   retirement   benefits  and  medical   coverage  or

reimbursement  plans that the Bank may adopt for the  benefit of its  employees.

Additionally, during the term of this Agreement, the Employee's dependent family

shall be eligible to participate in medical and dental insurance plans sponsored

by the Bank with the cost of such additional  premiums for the Employee's family

paid by the Bank.



                  (b)  Employee  Benefits;   Expenses.  The  Employee  shall  be

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eligible  to  participate  in any  fringe  benefits  which may be or may  become

applicable  to the Bank's  senior  management  employees,  including by example,

participation  in any stock  option or incentive  plans  adopted by the Board of

Directors of Bank, club memberships, a reasonable expense account, and any other

benefits which are commensurate  with the  responsibilities  and functions to be

performed  by the  Employee  under  this  Agreement.  The Bank  shall  reimburse

Employee for all reasonable out-of-pocket expenses which Employee shall incur in

connection with his service for the Bank.

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