Exhibit 10.1.4

           AMENDMENT NO. THREE TO EMPLOYMENT AGREEMENT


     Amendment No. Three, dated as of ________________, 1997, to
Employment Agreement, dated as of March 1, 1994, amended
by Amendment No. One dated as of April 1, 1994, and Amendment No.
Two dated as of November 7, 1995, between NORWALK SAVINGS
SOCIETY, a capital stock savings bank organized and existing under
the laws of the State of Connecticut with headquarters
located in Norwalk, Connecticut (the "Bank"), and ROBERT T. JUDSON
of Wilton, Connecticut ("Executive").

                            RECITALS

     WHEREAS, the Bank and the Executive mutually desire to amend
the Employment Agreement.

     NOW THEREFORE, the parties agree as follows:

     1.   Section 1 of the Agreement shall be amended to provide
that the term of employment shall be extended to
March 1, 2001, unless subsequently extended or sooner terminated as
provided in the Agreement.

     2.   This Agreement may be executed in one or more
counterparts, all of which taken together shall constitute
one and the same instrument.

     3.   This Amendment No. Three to Employment Agreement shall be
construed pursuant to and in accordance with the
laws of the State of Connecticut.  The Agreement shall otherwise
remain in full force and effect as originally written, except
that the Change of Control provisions of Section 11 have been and
are superseded by a separate agreement regarding change
of control between the Executive and the Bank.

     IN WITNESS WHEREOF, the parties have executed this Amendment
No. Three to Employment Agreement on the date first
above written.

                         NORWALK SAVINGS SOCIETY


                         By 
                            --------------------------------------
                            Chairman of the Board of Directors


                         EXECUTIVE


                         -----------------------------------------
                             Robert T. Judson