EXHIBIT 10(jj)

                              ADDENDUM TO RELEASE


         This addendum is entered into between South Boston Savings Bank (the
"Bank") and the undersigned employee (the "Employee") on June 26, 1995.

         The Bank and the Employee have executed a release letter (the
"Release") whereby the Bank has agreed to make a cash payment to the Employee in
exchange for a release by the Employee of all claims that the Employee might
have related to the creation, operation, and winding up of the SBSB Properties
Limited Partnership (the "Partnership").

         In order to induce the Employee to enter into the Release, the Bank has
promised to make the Employee an additional cash payment equal to the difference
between:

         (i) the tax paid by the Employee on the payment made pursuant to the
Release less the tax benefits realized by the Employee from the Employee's share
of the loss generated by the unwinding and dissolution of the Partnership
(assuming that the Employee takes advantage of any tax loss carryforwards
stemming from the unwinding and dissolution of the Partnership), and

         (ii) the tax that would have been paid by the Employee if the
Partnership had redeemed the Employee's Partnership interest for the amount of
the payment made pursuant to the Release.

         Notwithstanding the foregoing, the payment contemplated by this
Addendum will not exceed 11.6% of the payment made pursuant to the Release.

         The payment contemplated by this Addendum will be made upon submission
by the Employee of a request for the payment, explaining the calculation of the
amount requested and substantiating the tax actually paid by the Employee.

         The Employee acknowledges that the payment contemplated by this
Addendum will be taxable to the Employee, and authorizes the Bank to withhold
all applicable taxes from that payment.

         The Employee also acknowledges that the Employee (a) understands the
provisions of this Addendum, (b) is entering into this Addendum knowingly and
voluntarily, (c) has been afforded a full and reasonable opportunity to consider
its terms and to consult with or seek advice from a person of the Employee's
choosing, and (d) has been advised by the Bank to consult with an attorney prior
to executing this Addendum.

         This Addendum shall be a binding obligation between the Bank and
Employee on the terms set forth above.

EMPLOYEE                                    SOUTH BOSTON SAVINGS BANK

Signature __________________                By:____________________________
Name      __________________                Title:  President