EXHIBIT 10.11.3     QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION CHANGE IN
                    CONTROL AGREEMENT RENEWAL AND EXTENSION ACKNOWLEDGEMENT
                    BETWEEN QUAKER CITY FEDERAL SAVINGS AND LOAN ASSOCIATION AND
                    ROBERT C. TEELING DATED JULY 1, 1997.


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



Name of Participant:      Robert C. Teeling
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The undersigned participant does hereby acknowledge that, at their regularly
scheduled meeting on June 19, 1997, 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,
1999.


Dated this       1st      day of      July     , A.D.,     1997       .
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                                            QUAKER CITY FEDERAL SAVINGS AND 
                                            LOAN ASSOCIATION


/s/ Robert C. Teeling                       By: /s/ Frederic R. McGill
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Participant                                    President