EMPLOYMENT AGREEMENT



     This Agreement is made effective as of ____________, 2001 by and between

Chesterfield Federal Savings and Loan Association of Chicago (the

"Association"), a federally-chartered stock savings and loan association, with

its principal administrative office at 10801 South Western Avenue, Chicago,

Illinois 60643-3298 and _________________ (the "Executive").  Any reference to

"Company" herein shall mean Chesterfield Financial Corp., the stock holding

company parent of the Association or any successor thereto.



     WHEREAS, the Association wishes to assure itself of the continued services

of Executive for the period provided in this Agreement; and



     WHEREAS, Executive is willing to continue to serve in the employ of the

Association on a full-time basis for said period.



     NOW, THEREFORE, in consideration of the mutual covenants herein contained,

and upon the other terms and conditions hereinafter provided, the parties hereby

agree as follows:



1.   POSITION AND RESPONSIBILITIES



     During the period of his employment hereunder, Executive agrees to serve as

________________ of the Association.  During said period, Executive also agrees

to serve, if elected, as an officer of any subsidiary or affiliate of the

Association.  Failure to reelect Executive as _______________  without the

consent of the Executive during the term of this Agreement (except for any

termination for Cause, as defined herein) shall constitute a breach of this

Agreement.



2.   TERMS AND DUTIES



     (a) The period of Executive's employment under this Agreement shall begin

as of the date first above written and shall continue for a period of thirty-six

(36) full calendar months thereafter.  Commencing on the first anniversary date

of this Agreement, and continuing at each anniversary date thereafter, the

Agreement shall renew for an additional year such that the remaining term shall

be three (3) years; provided, however, if written notice of nonrenewal is

provided to Executive at least ten (10) days and not more than thirty (30) days

prior to any anniversary date, the employment of Executive hereunder shall cease

at the end of thirty-six (36) months following such anniversary date.  Prior to

each notice period for non-renewal, the disinterested members of the Board of

Directors of the Association ("Board") will conduct a performance evaluation and

review of the Executive for purposes of determining whether to extend the

Agreement, and the results thereof shall be included in the minutes of the

Board's meeting and communicated to Executive.



     (b) During the period of his employment hereunder, except for periods of

absence occasioned by illness, reasonable vacation periods, and reasonable

leaves of absence, Executive shall devote substantially all his business time,

attention, skill, and efforts to the faithful performance of his duties

hereunder including activities and services related to the organization,

operation and management of the Association; provided, however, that, with the

approval of the Board, as

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evidenced by a resolution of such Board, from time to time, Executive may serve,

or continue to serve, on the boards of directors of, and hold any other offices

or positions in, business companies or business organizations, which, in such

Board's judgment, will not present any conflict of interest with the

Association, or materially affect the performance of Executive's duties pursuant

to this Agreement (for purposes of this Section 2(b), Board approval shall be

deemed provided as to service with any such business companies or organizations

that Executive was serving as of the date of this Agreement). See Attached

Exhibit.



3.   COMPENSATION AND REIMBURSEMENT.



     (a) The compensation specified under this Agreement shall constitute the

salary and benefits paid for the duties described in Section 2(b).  The

Association shall pay Executive as compensation a salary of not less than

$_____________ per year ("Base Salary").  Such Base Salary shall be payable

biweekly.  During the period of this Agreement, Executive's Base Salary shall be

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