EXHIBIT 10.8.2      QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION CHANGE IN
                    CONTROL AGREEMENT RENEWAL AND EXTENSION ACKNOWLEDGEMENT 
                    BETWEEN QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION 
                    AND HAROLD RAMS DATED JULY 1, 1996.


               QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION
                        CHANGE IN CONTROL AGREEMENT
                   RENEWAL AND EXTENSION ACKNOWLEDGEMENT



Name of Participant:              Harold Rams
                    -------------------------------------------------------



The undersigned participant does hereby acknowledge that, at their regularly
scheduled meeting on June 20, 1996, the Board of Directors of Quaker City
Federal Savings and Loan Association acted to renew and extend the Quaker City
Federal Savings and Loan Association Change in Control Agreement with the
undersigned participant to a full twenty-four (24) month term, until June 30,
1998.


Dated this ___1st___ day of ____July____, A.D., ______1996_______.



                                       QUAKER CITY FEDERAL SAVINGS AND       
                                       LOAN ASSOCIATION


/s/ Harold Rams                        By:  /s/ Frederic R. McGill
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Participant                               President