To:    _____________________________
From:  James J. Brennan, Secretary
Re:    Employment Agreement Annual Review
Date:  April 27, 2006


     I am pleased  to  confirm  that the Board of  Directors  of  BankFinancial,
F.S.B.  and the Board's Human  Resources  Committee  conducted the annual review
referenced in Section 2(b) of your Employment Agreement. The Board determined on
April 26,  2006,  subject  to the  condition  set  forth  below,  to extend  the
Employment  Period, as referenced in Section 2(a) of your Employment  Agreement,
for an additional  one (1) year so that the term of the  Employment  Period will
end on March 31, 2009.

     The above extension of the term of your Employment  Agreement is subject to
the  condition  that you date and sign this  document and the  Amendment to your
Employment  Agreement that is attached to this document as Exhibit A, and return
the executed  original  documents to EVP Patricia  Smith by no later than May 5,
2006.

     Please feel free to contact me if you have any questions.






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Name:








                                    EXHIBIT A

                              BANKFINANCIAL, F.S.B.
                               AMENDMENT NO. 1 TO
                              EMPLOYMENT AGREEMENT


     THIS AMENDMENT TO EMPLOYMENT  AGREEMENT (the "Amendment") is made effective
as of April 26, 2006,  by and between  BankFinancial,  F.S.B.  (the  "Bank"),  a
federally  chartered  stock  savings bank having its  principal  office at 21110
South     Western      Avenue,      Olympia      Fields,      Illinois,      and
________________________________________ ("Executive").

     WHEREAS,  Executive and the Bank have previously entered into an Employment
Agreement dated as of ________________________________(the "Agreement"); and

     WHEREAS,  the Board of  Directors of the Bank (the  "Board") has  proposed,
subject to  Executive's  execution of this  Amendment,  to extend the Employment
Period,  as referenced in Section 2(a) of the  Agreement,  for an additional one
(1) year so that the remaining term of the  Employment  Period will end on March
31, 2009; and

     WHEREAS, Section 409A of the Internal Revenue Code of 1986 (the "Code"), as
amended,  requires that certain deferred  compensation  arrangements comply with
its terms or subject the recipient of the  compensation  to potential  taxes and
penalties; and

     WHEREAS, certain provisions of the Agreement may be subject to Code Section
409A and the Board  desires to amend the  Agreement in order to comply with Code
Section 409A, to the extent necessary; and

     WHEREAS, Executive desires to accept the foregoing proposal.

     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.  The  following  language  is added  to the end of  Section  6(c) of the
Agreement:

         "Notwithstanding anything to the contrary in this Section 6(c) or in
         any other provision of this Agreement, if required by Section 409A of
         the Code and in the event the Executive is a "Specified Employee," the
         amounts payable under this Section 6(c) shall commence no earlier than
         the first day of the seventh month following the effective date of the
         Executive's Separation from Service. As used in this Agreement, the
         terms "Specified Employee" and "Separation from Service" shall have the
         meanings set forth in Code Section 409A."



     2.  The  following  language  is added  to the end of  Section  6(e) of the
Agreement:

         "Notwithstanding anything to the contrary in this Section 6(e) or in
         any other provision of this Agreement, if required by Section 409A of
         the Code and in the event the Executive is a "Specified Employee," the
         amounts payable under this Section 6(e) shall commence no earlier than
         the first day of the seventh month following the effective date of the
         Executive's Separation from Service."

     3.  The  following  language  is added  to the end of  Section  6(g) of the
Agreement:

         "Notwithstanding anything to the contrary in this Section 6(g) or in
         any other provision of this Agreement, in the event the payments
         hereunder are deemed to be subject to Code Section 409A, the election
         provided for in this Section 6(g) shall not be available to the Bank."

     IN WITNESS WHEREOF,  BankFinancial,  F.S.B. has caused this Amendment to be
executed by a duly authorized  officer,  and Executive has signed this Amendment
effective as of the 26th day of April, 2006.




BANKFINANCIAL, F.S.B.                   EXECUTIVE

By:
    ------------------------------      --------------------------------
                                        Name:

Its:
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