EXHIBIT 10.5

                         EMPLOYMENT AGREEMENT EXTENSION

         This EMPLOYMENT AGREEMENT EXTENSION (hereinafter referred to as this
"AGREEMENT EXTENSION"), is entered into effective the 8th day of April, 2005, by
and between The Franklin Savings and Loan Company, a savings and loan
association incorporated under the laws of the State of Ohio (hereinafter
referred to as the "EMPLOYER") and John P. Owens, an individual (hereinafter
referred to as the "EMPLOYEE");

                                   WITNESSETH:

         WHEREAS, the EMPLOYEE is currently employed as the Vice President of
the EMPLOYER; and

         WHEREAS, the EMPLOYER and the EMPLOYEE are parties to an employment
agreement dated December 20, 2004 (the "EMPLOYMENT AGREEMENT"); and

         WHEREAS, Section 1 of the EMPLOYMENT AGREEMENT provides that the Board
of Directors of the EMPLOYER may extend the term of the EMPLOYMENT AGREEMENT for
a one-year term beyond the then effective expiration date, provided the Board
has determined that the EMPLOYMENT AGREEMENT should be extended; and

         WHEREAS, as a result of the skill, knowledge, performance and
experience of the EMPLOYEE, the Board of Directors of the EMPLOYER has
determined that the EMPLOYMENT AGREEMENT should be extended for an additional
one-year term; and

         WHEREAS, the EMPLOYEE desires to continue to serve as the Vice
President of the EMPLOYER and consents to the extension of the EMPLOYMENT
AGREEMENT;

         NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, the EMPLOYER and the EMPLOYEE hereby agree as follows:

         1. Extension of Term of Employment Agreement. The term of the
EMPLOYMENT AGREEMENT is extended for a one year period and shall end on December
20, 2008 (the "EXTENDED TERM").

         2. Effect of Prior Agreements. All of the terms and conditions of the
EMPLOYMENT AGREEMENT shall remain in full force and effect during the EXTENDED
TERM.





         IN WITNESS WHEREOF, the EMPLOYER has caused this AGREEMENT EXTENSION to
be executed by its duly authorized officer, and the EMPLOYEE has consented to
and signed this AGREEMENT EXTENSION, each as of the day and year first above
written.


                                           EMPLOYER:

Attest:                                    THE FRANKLIN SAVINGS AND LOAN COMPANY


/s/ Gretchen J. Schmidt                    By:  /s/ Thomas H. Siemers
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Gretchen J. Schmidt                        Name:  Thomas H. Siemers
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                                           Title:  President
                                                  ---------------------------


                                           EMPLOYEE:
Attest:


/s/ Gretchen J. Schmidt                    /s/ John P. Owens
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Gretchen J. Schmidt                        John P. Owens
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