EXHIBIT 10




                          FORM OF EMPLOYMENT AGREEMENT


        THIS  AGREEMENT,  made this 30th day of September,  1996, by and between
Workingmen's  Savings Bank, F.S.B.,  hereinafter referred to as the Employer and
Robert D. Neudorfer, of Pittsburgh, Pennsylvania, hereinafter referred to as the
Employee.

        Witnesseth,  in consideration of the mutual covenants  contained,  it is
agreed as follows:

        1. The Employer will  continue to employ the  full-time  services of the
Employee  in the  position  of the  President  of the  Employer  for the  period
commencing from the date hereof until June 30, 1999.

        2. The Employer  will pay to the  Employee a gross salary as  determined
from  time to time by its Board of  Directors.  Such  salary  shall be paid on a
bi-weekly basis with the deduction  therefrom of all mandated  withholding taxes
and such additional deductions as may be mutually agreed upon.

        3. The Employee  shall devote his full time to the  appointed  position.
The Employee  shall  perform the duties  assigned by the Board of Directors  and
conduct  himself in accordance  with the terms of this  Agreement.  It is hereby
agreed by the  parties  hereto that the  Employer's  Employment  Agreement,  its
Employee's  Handbook,   its  By-laws  and  the  policies  and  regulations  duly
prescribed  by the Board of  Directors  are  incorporated  herein  by  reference
thereto and thus form a part of this Agreement.  The Employee  acknowledges that
he has read and is familiar with the documents referred to herein and the duties
and  obligations  imposed  therein.  In the  event  that  any  provision  of the
Employer's Employee Handbook is in conflict with this Agreement,  the provisions
hereof shall bond the parties.

        4. The parties hereto may terminate this Agreement at any time by mutual
consent. The Employer's Board of Directors may terminate  Employee's  employment
at any  time,  but  any  termination  by  the  Board  of  Directors  other  than
termination  for  just  cause  shall  not  prejudice  the  Employee's  right  to
compensation or other benefits under this Agreement.  The Employee shall have no
right to receive compensation or other benefits for any period after termination
for  cause.  Termination  for cause  shall  include  termination  because of the
Employee's personal  dishonesty,  incompetence,  willful  misconduct,  breach of
fiduciary duty involving personal profit,  intentional failure to perform stated
duties,  willful  violation of any law, rule or  regulation  (other than traffic
violations  or similar  offenses) or final cease and desist  order,  or material
breach of any provision of this Agreement.

        5.  This  Agreement  is  subject  to the  limitations  and  requirements
prescribed  under 12 CFR 563.39 and any amendments  thereof,  to the extent that
said  limitations  and  requirements  do not  affect  any  vested  rights of the
contracting parties hereto.