ROEBLING BANK



                              EMPLOYMENT AGREEMENT





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

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

savings bank, hereafter (the "Bank") and Frank J. Travea, III (the "Employee").



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

President and CEO 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

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President and CEO 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

            ------------------

term of this  Agreement  a salary at the rate of $92,000  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

             --------------------

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.



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

                 ------------------------------------------------

shall be entitled to  participate  in any plan of the Bank



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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.  Further,  the Bank shall pay the

premium  cost or  reimburse  the  Employee  for such  premium cost to the extent

deemed reasonable  associated with the Employee obtaining a long-term disability

insurance policy.



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

                       ------------------------------

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  provide the

Employee  with the use of a Bank  owned  automobile.  The Bank  shall  reimburse

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