FFBW (FFBW) 8-K Departure of Directors or Certain Officers

DocuSign Envelope ID: 8780E1FD-8FD3-488F-89AC-1DFFC208022F

Exhibit 10.2

	SPLIT DOLLAR
720 East Wisconsin AvenueMilwaukee, WI 53202	OWNER ENDORSEMENT

POLICY NUMBER(S) INSURED NAME (FOR JOINT LIFE INCLUDE BOTH INSURED NAMES) Steven Wierschem

IMPORTANT: If any page of this form is incomplete or altered, additional paperwork may be necessary.

1. Employer - The Owner of the policy(ies) will be:

The Owner alone may exercise all policy rights, except that the Owner will not have the rights as specified in Section 2.

PRINT: FULL NAME OF BUSINESS/ENTITY (APPLICANT), CITY AND STATE OF LOCATION

First Federal Bank, Waukesha, WI

NorthwesternMutualwillhavetherighttorelyonanystatementsignedbysaidOwnersettingforththeamountreferredtoin Section 3 below, and any decisions made by Northwestern Mutual in reliance upon such statement will be conclusive and will fully protect NorthwesternMutual.

2. Employee (The Insured)

The Insured will have the rights to designate and change the beneficiaries of and assign the balance of the death proceedsnot payabletotheOwnerasspecifiedintheoptionselectedinSection3below.(ThisparagraphwillnotlimittherightsoftheOwner asspecifiedintheoptionselectedinSection3below.)

Unless otherwise designated, the Insured designates his/her estate as direct beneficiary of the balance of the death proceeds specified in the option selected in Section 3 below.

3. Designation of Interests - Select ONE of the following options.

☐  Option 1. Employer's interest limited to the premiums paid by employer only.

The Owner designates itself or its successors as direct beneficiary of an amount equal to premiums it has paid to Northwestern Mutual for the policy on the date of death of theInsured.

☐Option 2.Employer's interest limited to the greater of the premiums paid by employer or cash value (in this document, the term "cash value" includes any nonguaranteed dividend that may be paid at termination of the policy).

The Owner designates itself or its successors as direct beneficiary of the greater of an amount equal to the cash value as of the date to which premiums have been paid, or premiums it has paid to Northwestern Mutual for the policy on the date of death of theInsured.

☐Option 3. Employer's interest limited to the cash value as of date of Insured's death.

The Owner designates itself or its successors as direct beneficiary of an amount equal to the cash value of the policy on the date of death of theInsured.

☐Option 4. Employer will receive a specified dollar amount or percentage.

	ENTER $$ OR %
TheOwnerdesignatesitselforitssuccessorsasdirectbeneficiaryof		of the proceeds.
The Insured will have the rights to designate and change the beneficiary(ies) of the remaining proceeds.

☒Option 5. Insured's beneficiary (ies) will receive a specified dollar amount or percentage.

	ENTER $$OR%
	one(1) times Salary up
The Insured will have the rights to designate and change the beneficiary(ies) of and assign	to $100,000
of the death proceeds.The Owner designates itself or its successors as direct beneficiary of the remaining death proceeds.

Continues on next page.

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DocuSign Envelope ID: 8780E1FD-8FD3-488F-89AC-1DFFC208022F

Policy Number(s):

4. Termination of Interest - (Employmentterminates)

Unless the box below is marked, the Insured's interest in the policy terminates at Insured's termination of employment based uponastatementfromEmployer.ThisoptionisfurtherdefinedinProvisionN.oftheAdditionalProvisionspageofthisform.

☐ Parties' interest remains unchanged at Insured's termination of employment.

The undersigned each agree to indemnify and hold harmless Northwestern Mutual from and against all claims, suits, loss, damages, or expense by reason of any action it may take in reliance on any statement signed by the Employer as to termination of employment of theInsured.

5. Signatures

Employer Identification Number	39	-	0366980
CERTIFICATION - Under penalties of perjury, the Owner, by signature of its duly authorized officers, below, hereby certifies: (1)  that the number shown on this form is its correct Employer Identification Number; (2) that it is  not  subject  to  backup  withholding because (a) it is exempt from backup withholding, or (b) it has not been notified by the Internal Revenue Service (IRS) that it is subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified it that it is no longer subject to backup withholding; and (3) that it is a U.S. citizen or other U.S. person as defined by the IRS, and (4) the payee is exempt from FATCAreporting. CertificationInstructions-Youmustcrossoutitem2aboveifyouhavebeennotifiedbytheIRSthatyouarecurrentlysubjectto backupwithholdingbecauseyouhavefailedtoreportallinterestanddividendsonyourtaxreturn.

The undersigned request and directs The Company to make the provisions of all pages of this form a part of the policy(ies).

PRINT NAME OF BUSINESS/ENTITY (OWNER/APPLICANT) First Federal Bank	PRINT NAME OF INSURED Steven Wierschem
SIGNATUREOFAUTHORIZEDCOMPANYREPRESENTATIVE-OTHERTHANTHE INSURED	SIGNATURE OF INSURED
DATE SIGNED ( MM/DD/YYYY) (a date is not needed when the policy is pending in New Business) 02/03/2021 | 9:37:24 AM CST

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DocuSign Envelope ID: 8780E1FD-8FD3-488F-89AC-1DFFC208022F

ADDITIONAL PROVISIONS

A. Thisrevokesallpriordesignationsofbeneficiariesofthedeathproceedsandelectionsofpaymentplansforthem.

B. Solely for the purpose of this Split Dollar Owner Endorsement form (the “Form”), the person named in Section 2  will be considered the “owner” to the balance of the policy rights as specified in thisForm.

C. If a dollar amount is entered in Option 4 or Option 5 of the Form, the respective party will have the rights to designate and change the beneficiaries of said amount of the proceeds, or the entire proceeds if less than said amount.

D. AnycollateralassignmentmadebytheOwnerwillbedeductedonlyfromtheproceedspayabletotheOwner.

E. Any collateral assignment of the proceeds specified in Section 2, will be limited to the death proceeds only payable in Section2.

F. The interest of all beneficiaries will be subject to any collateral assignment made either before or after the beneficiary isnamed.

G. AnyindebtednessonthepolicywillfirstbedeductedfromtheproceedspayabletotheOwner.

H. The exercise by the Owner of the right to surrender the policy or to change the Insured will terminate the Owner’s rights as specified in Section3.

I. The policy rights specified in Section 3 may be exercised by the respective Owners named in Section 1 and Section2,ortheirsuccessorsortransferees.

J. The Owner identified in Section 1 will have the right to exercise the  conversion  privilege  if  applicable  tothe extent of the Owner’s interest, and will be the owner of any new policy issued as a result of aconversion.

K. In this Form “Insured” means “Annuitant” when the Form applies to an annuitycontract.

L. If this Form applies to more than one policy, it applies to the policies as a group and not to each policy individually.

M. All provisions of the policy to the contrary of this Form aresuspended.

N. Termination ofEmployment:

In event of termination of the Insured’s employment for any reason whatsoever, other than the Insured’s death,  the Employer will be the sole unrestricted Owner of the policy and the direct beneficiary of the entire policy proceeds, and all beneficial and ownership rights vested in the Insured as stated in Section 2 of this Form that is in effect on the date this Form is signed, including any amendments thereto, willterminate.

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