EXHIBIT 4.1
-----------

Revere Federal Savings & Loan Association Employees' Savings and Profit Sharing
Plan, as amended and restated, effective as of October 1, 1998.

ADOPTION AGREEMENT
- --------------------------------------------------------------------------------
FOR REVERE FEDERAL SAVINGS & LOAN ASSOCIATION
EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
CLIENT NO. A13.

[GRAPHIC OMITTED]

ADOPTION AGREEMENT
FOR
REVERE FEDERAL SAVINGS & LOAN ASSOCIATION
EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Name of Employer: Revere Federal Savings & Loan Association
-------------------------------------------------------------

Address: 310 Broadway - P.O. Box 509, Revere, MA 02151-0005
-------------------------------------------------------------

Telephone Number: (781) 284-7777 FAX: (781) 289-8066
-------------------------------------------------------------

Contact Person: Mr. James J. McCarthy, President/CEO
-------------------------------------------------------------

Name of Plan: Revere Federal Savings & Loan Association Employees' Savings
------------------------------------------------------------
& Profit Sharing Plan and Trust
-------------------------------

THIS ADOPTION AGREEMENT, upon execution by the Employer and the Trustee, and
subsequent approval by a duly authorized representative of Pentegra Services,
Inc. (the "Sponsor"), together with the Sponsor's Employees' Savings & Profit
Sharing Plan and Trust Agreement (the "Agreement"), shall constitute the Revere
Federal Savings & Loan Association Employees' Savings & Profit Sharing Plan and
Trust (the "Plan"). The terms and provisions of the Agreement are hereby
incorporated herein by this reference; provided, however, that if there is any
conflict between the Adoption Agreement and the Agreement, this Adoption
Agreement shall control.

The elections hereinafter made by the Employer in this Adoption Agreement may be
changed by the Employer from time to time by written instrument executed by a
duly authorized representative thereof; but if any other provision hereof or any
provision of the Agreement is changed by the Employer other than to satisfy the
requirements of Section 415 or 416 of the Internal Revenue Code of 1986, as
amended (the "Code"), because of the required aggregation of multiple plans, or
if as a result of any change by the Employer the Plan fails to obtain or retain
its tax-qualified status under Section 401(a) of the Code, the Employer shall be
deemed to have amended the Plan evidenced hereby and by the Agreement into an
individually designed plan, in which event the Sponsor shall thereafter have no
further responsibility for the tax-qualified status of the Plan. However, the
Sponsor may amend any term, provision or definition of this Adoption Agreement
or the Agreement in such manner as the Sponsor may deem necessary or advisable
from time to time and the Employer and the Trustee, by execution hereof,
acknowledge and consent thereto. Notwithstanding the foregoing, no amendment of
this Adoption Agreement or of the Agreement shall increase the duties or
responsibilities of the Trustee without the written consent thereof.

I. EFFECT OF EXECUTION OF ADOPTION AGREEMENT

The Employer, upon execution of this Adoption Agreement by a duly
authorized representative thereof, (choose 1 or 2):

1. Establishes as a new plan the Revere Federal Savings & Loan
---- Association Employees' Savings & Profit Sharing Plan and Trust,
effective _________________ , 19__ (the "Effective Date").

2. X Amends its existing defined contribution plan and trust (The
---- ---
Financial Institutions Thrift Plan as Adopted by Revere Federal
--------------------------------------------------------------------
Savings & Loan Association ) dated January 1, 1992, in its entirety
--------------------------- ----------------
into the Revere Federal Savings & Loan Association Employees'
Savings & Profit Sharing Plan and Trust, effective October 1, 1998,
-----------------
except as otherwise provided herein or in the Agreement (the
"Effective Date").

II. DEFINITIONS

A. Employer

1. "Employer," for purposes of the Plan, shall mean:
Revere Federal Savings & Loan Association
---------------------------------------------------------------

2. The Employer is (choose whichever may apply):

(a) X A member of a controlled group of corporations under
---- Section 414(b) of the Code.

(b) A member of a group of entities under common control
---- under Section 414(c) of the Code.

(e) A sole proprietorship or partnership.
----
(f) A Subchapter S corporation.
----

3. Employer's Taxable Year Ends on ________________.

4. Employer's Federal Taxpayer Identification Number is 04 -2195046.
------------

5. Employer's Plan Number is (enter 3-digit number) 002.
---
B. "Entry Date" means the first day of the (choose 1 or 2):

1. X Calendar month coinciding with or next following the
----- date the Employee satisfies the Eligibility
requirements described in Section III.

2. Calendar quarter (January 1, April 1, July 1, October
----- 1) coinciding with or next following the date the
Employee satisfies the Eligibility requirements
described in Section III.

C. "Member" means an Employee enrolled in the membership of the Plan.

D. "Normal Retirement Age" means (choose 1 or 2):

1. X Attainment of age 65 (select an age not less than 55
----- --
and not greater than 65).

2. ----- Later of: (i) attainment of age 65 or (ii) the fifth
anniversary of the date the Member commenced
participation in the Plan.

E. "Normal Retirement Date" means the first day of the first calendar
month coincident with or next following the date upon which a Member
attains his or her Normal Retirement Age.

F. "Plan Year" means the twelve (12) consecutive month period ending on
12/31 (month/day).
-----

G. "Salary" for benefit purposes under the Plan means (choose 1, 2 or 3):

1. X Total taxable compensation as reported on Form W-2
----- (exclusive of any compensation deferred from a prior
year).

2. Basic Salary only.
-----

3. Basic Salary plus one or more of the following (if 3 is
----- chosen, then choose (a), (b), (c) or (d), whichever
shall apply):

(a) Commissions not in excess of $____________
---
(b) Commissions to the extent that Basic Salary
--- plus Commissions do not exceed $___________

Note: Member pre-tax contributions to a Section 401(k) plan
are always included in Plan Salary.

Member pre-tax contributions to a Section 125 cafeteria
plan are also to be included in Plan Salary, unless the
Employer elects to exclude such amounts by checking
this line ____.

III. ELIGIBILITY REQUIREMENTS

A. All Employees shall be eligible to participate in the Plan in
accordance with the provisions of Article II of the Plan, except the
following Employees shall be excluded (choose whichever shall apply):

1. Employees who have not attained age 21.
-----
3

2. X Employees who have not, during the ___ consecutive
----- month period (1-11, 12 or 24) beginning with an
Employee's Date of Employment, Date of Reemployment or
any anniversary thereof.

Note: Employers which permit Members to make pre-tax
elective deferrals to the Plan (see V.A.3.) may
not elect a 24 month eligibility period.

3. X Employees included in a unit of Employees covered by a
----- collective bargaining agreement, if retirement benefits
were the subject of good faith bargaining between the
Employer and Employee representatives.

4. X Employees who are nonresident aliens and who receive no
----- earned income from the Employer which constitutes
income from sources within the United States.

5. Employees included in the following job
----- classifications:

(a) Hourly Employees
----
(b) Salaried Employees
----

6. Employees of the following employers which are
----- aggregated under Section 414(b), 414(c) or 414(m) of
the Code:

-------------------------------------------------------

Note: If no entries are made above, all Employees shall be eligible to
participate in the Plan on the later of: (i) the Effective Date or
(ii) the first day of the calendar month or calendar quarter (as
designated by the Employer in Section II.D.) coinciding with or
immediately following the Employee's Date of Employment or, as
applicable, Date of Reemployment.

B. Such Eligibility Computation Period established above shall be
applicable to (choose 1 or 2):

1. X Both present and future Employees.
----

2. Future Employees only.
----

C. Such Eligibility requirements established above shall be (choose 1
or 2):

1. Applied to the designated Employee group on and after the
---- Effective Date of the Plan.

2. Waived for the _____ consecutive monthly period (may not
---- exceed 12) beginning on the Effective Date of the Plan.

IV. HOURS OF EMPLOYMENT AND PRIOR EMPLOYMENT CREDIT

A. The number of Hours of Employment with which an Employee or Member
is credited shall be (choose 1 or 2):

1. X The actual number of Hours of Employment. (Hour of Service
---- Method)

2. 190 Hours of Employment for every month of Employment.
---- (Equivalency Method)

Note: This election is relevant if you selected an eligibility
requirement under III.A.2. or a vesting schedule under
VIII.A. other than immediate vesting.

B. Prior Employment Credit:

---- Employment with the following entity or entities shall be
included for eligibility and vesting purposes:

Note: If this Plan is a continuation of a Predecessor Plan,
service under the Predecessor Plan shall be counted as
Employment under this Plan.

- --------------------------------------------------------------------------------

V. CONTRIBUTIONS

Note: Annual Member pre-tax elective deferrals, Employer matching
contributions, Employer basic contributions, Employer
supplemental contributions, Employer profit sharing contributions
and Employer Qualified Non-Elective contributions, in the
aggregate, may not exceed 15% of all Members' Salary (excluding
from Salary Member pre-tax elective deferrals).

A. Employee Contributions (fill in 1 and/or 6 if applicable; choose 2 or
3; 4 or 5):

1. X The maximum amount of monthly contributions a Member may make
---- to the Plan is 15 % (1-20) of the Member's monthly Salary.
----

2. X A Member may make pre-tax elective deferrals to the Plan,
---- based on multiples of 1% of monthly Salary.

3. A Member may not make pre-tax elective deferrals to the Plan.
----

4. A Member may make after-tax contributions to the Plan, based
---- on multiples of 1% of monthly Salary.

5. X A Member may not make after-tax contributions to the Plan.
----

6. X An Employee may allocate a rollover contribution to the Plan
---- prior to satisfying the Eligibility requirements described
above.

B. A Member may change his or her contribution rate (choose 1, 2 or 3):

1. X 1 time per pay period.
----
2. 1 time per calendar month.
----
3. 1 time per calendar quarter.
----

C. Employer Matching Contributions (fill in 1 if applicable; and choose
2, 3, 4 or 5):

1. The Employer matching contributions under 2, 3 or 4 below shall be
based on the Member's contributions not in excess of 10% (1-20
---
but not in excess of the percentage specified in A.1. above) of
the Member's Salary.

2. X The Employer shall allocate to each contributing Member's
---- Account an amount equal to 50% (based on 1% increments not
---
to exceed 200%) of the Member's contributions for that month.

*Note: The Employer matching contributions can be made in
cash or in kind.

3. The Employer shall allocate to each contributing Member's
---- Account an amount determined in accordance with the following
schedule:

Years of Employment Matching %
------------------- ----------
Less than 3 50%
At least 3, but less than 5 75%
5 or more 100%

4. The Employer shall allocate to each contributing Member's
---- Account an amount determined in accordance with the following
schedule:

Years of Employment Matching %
------------------- ----------
Less than 3 100%
At least 3, but less than 5 150%
5 or more 200%

5. No Employer matching contributions will be made to the Plan.
----
D. Employer Basic Contributions (choose 1 or 2): N/A

1. The Employer shall allocate an amount equal to % (based on 1%
---- increments not to exceed 15%) of Member's Salary for the
month to (choose (a) or (b)):

(a) The Accounts of all Members

(b) The Accounts of all Members who were employed with the
Employer on the last day of such month.

2. No Employer basic contributions will be made to the Plan.
----

E. Employer Supplemental Contributions:

The Employer may make supplemental contributions for any Plan Year in
accordance with Section 3.7 of the Plan.

F. Employer Profit Sharing Contributions (Choose 1, 2, 3, 4, or 5): N/A

1. ---- No Employer Profit Sharing Contributions will be made to the
Plan.

Non-Integrated Formula
----------------------

2. ---- Profit sharing contributions shall be allocated to each
Member in the same ratio as each Member's Salary during such
Contribution Determination Period bears to the total of such
Salary of all Members.

3. ---- Profit sharing contributions shall be allocated to each
Member in the same ratio as each Member's Salary for the
portion of the Contribution Determination Period during which
the Member satisfied the Employer's eligibility
requirement(s) bears to the total of such Salary of all
Members.

Integrated Formula
------------------

4. ---- Profit sharing contributions shall be allocated to each
Member's Account in a uniform percentage (specified by the
Employer as _______%) of each Member's Salary during the
Contribution Determination Period up to the Social Security
Taxable Wage Base as defined in Section _____ of the Plan
("Base Salary") for the Plan Year that includes such
Contribution Determination Period, plus a uniform
percentage(specified by the Employer as _______%) of each
Member's Salary for the Contribution Determination Period in
excess of the Social Security Taxable Wage Base ("Excess
Salary") for the Plan Year that includes such Contribution
Determination Period, in accordance with Article III of the
Plan.

5. ---- Profit sharing contributions shall be allocated to each
Member's Account in a uniform percentage (specified by the
Employer as _______%) of each Member's Salary for the portion
of the Contribution Determination Period during which the
Member satisfied the Employer's eligibility requirement(s),
if any, up to the Base Salary for the Plan Year that includes
such Contribution Determination Period, plus a uniform
percentage (specified by the Employer as _______%) of each
Member's Excess Salary for the portion of the Contribution
Determination Period during which the Member satisfied the
Employer's eligibility requirement(s) in accordance with
Article III of the Plan.

G. Allocation of Employer Profit Sharing Contributions: N/A

In accordance with Section V, G above, a Member shall be eligible to
share in Employer Profit Sharing Contributions, if any, as follows
(choose 1 or 2):

1. ---- A Member shall be eligible for an allocation of Employer
Profit Sharing Contributions for a Contribution Determination
Period in all events.

2. ---- A Member shall be eligible for an allocation of Employer
Profit Sharing Contributions for a Contribution Determination
Period only if he or she (choose (a), (b) or (c) whichever
shall apply):

(a) ---- is employed on the last day of the Contribution
Determination Period or retired, died or became
totally and permanently disabled prior to the last
day of the Contribution Determination Period.

(b) ---- completed 1,000 Hours of Employment if the
Contribution Determination Period is a period of 12
months (250 Hours of Employment if the Contribution
Determination Period is a period of 3 months) or
retired, died or became totally and permanently
disabled prior to the last day of the Contribution
Determination Period.

(c) ---- is employed on the last day of the Contribution
Determination Period and, if such period is 12
months, completed 1,000 Hours of Employment (250
Hours of Employment if the Contribution
Determination Period is a period of 3 months) or
retired, died or became totally and permanently
disabled prior to the last day of the Contribution
Determination Period.

H. "Contribution Determination Period" for purposes of determining and
allocating Employer profit sharing contributions means (choose 1,2, 3
or 4): N/A

1. The Plan Year.
----

2. ---- The Employer's Fiscal Year (defined as the Plan's "limitation
year") being the twelve (12) consecutive month period
commencing _________________(month/day) and ending
_____________(month/day).

3. The three (3) consecutive monthly periods that comprise each
---- of the Plan Year quarters.

4. The three (3) consecutive monthly periods that comprise each
---- of the Employer's Fiscal Year quarters. (Employer's Fiscal
Year is the twelve (12) consecutive month period commencing
________________ (month/day) and ending
______________(month/day).)

I. Employer Qualified Nonelective Contributions:

The Employer may make qualified nonelective contributions for any
Plan Year in accordance with Section 3.9 of the Plan.

VI. INVESTMENT FUNDS

The Employer hereby appoints Barclays Global Investors, N.A. to serve as
Investment Manager under the Plan.

The Employer hereby selects the following Investment Funds to be made
available under the Plan (choose whichever shall apply) and consent to the
lending of securities by such funds to brokers and other borrowers. The
Employer agrees and acknowledges that the selection of Investment Funds
made in this Section VI is solely its responsibility, and no other person,
including the Sponsor or Investment Manager, has any discretionary
authority or control with respect to such selection process. The Employer
hereby holds Investment Manager harmless from, and indemnifies it against,
any liability Investment Manager may incur with respect to such Investment
Funds so long as Investment Manager is not negligent and has not breached
its fiduciary duties.

1. X S&P 500 Stock Fund
----

2. X Stable Value Fund
----

3. X S&P MidCap Stock Fund
----

4. X Money Market Fund
----

5. X Government Bond Fund
----

6. X International Stock Fund
----

7. X Asset Allocation Funds (3)
----
o Income Plus
o Growth & Income
o Growth

8. X Revere Federal Savings & Loan Association Stock Fund (the
---- "Employer Stock Fund")

9. (Name of Employer) Certificate of Deposit Fund
----

VII. EMPLOYER SECURITIES

A. If the Employer makes available an Employer Stock Fund pursuant to
Section VI of this Adoption Agreement, then voting and tender offer
rights with respect to Employer Stock shall be delegated and
exercised as follows (choose 1 or 2):

1. X Each Member shall be entitled to direct the Plan
---- Administrator as to the voting and tender offer rights
involving Employer Stock held in such Member's Account, and
the Plan Administrator shall follow or cause the Trustee to
follow such directions. If a Member fails to provide the Plan
Administrator with directions as to voting or tender offer
rights, the Plan Administrator shall exercise those rights as
it determines in its discretion and shall direct the Trustee
accordingly.

2. ---- The Plan Administrator shall direct the Trustee as to the
voting of all Employer Stock and as to all rights in the
event of a tender offer involving such Employer Stock.

VIII. INVESTMENT DIRECTION

A. Members shall be entitled to designate what percentage of employee
contributions and employer contributions made on their behalf will be
invested in the various Investment Funds offered by the Employer as
specified in Section VI of this Adoption Agreement; provided,
however, that the following portions of a Member's Account must be
invested in the Employer Stock Fund or, if applicable, the Employer
Certificate of Deposit Fund (choose whichever shall apply): N/A

1. Employer Profit Sharing Contributions
----
2. Employer Matching Contributions
----
3. Employer Basic Contributions
----
4. Employer Supplemental Contributions
----
5. Employer Qualified Nonelective Contributions
----

B. Amounts invested in the Employer Stock Fund or, if applicable, the
Employer Certificate of Deposit Fund may not be transferred to any
other Investment Fund.

1. Notwithstanding this election in B, a Member may transfer
---- such amounts upon (choose whichever may apply):

(a) the attainment of age _____ (insert 45 or greater)
----

(b) the completion of _____ (insert 10 or greater)years
---- of employment

C. A Member may change his or her investment direction (choose 1,2, or
3):

1. X 1 time per business day.
----

2. 1 time per calendar month.
----

3. 1 time per calendar quarter.
----

D. If a Member fails to make an effective investment direction, the
Member's contributions and employer contributions made on the
Member's behalf shall be invested in Money Market Fund (insert one of
-----------------
the Investment Funds selected in Section VI of this Adoption
Agreement).

IX. VESTING SCHEDULES; YEARS OF EMPLOYMENT FOR VESTING PURPOSES

A. (Choose 1, 2, 3, 4, 5, 6 or 7)

Schedule Years of Employment Vested %
-------- ------------------- --------

1. X Immediate Upon Enrollment 100%
-----

Schedule Years of Employment Vested %
-------- ------------------- --------

2. 2-6 Year Graded Less than 2 0%
----- 2 but less than 3 20%
3 but less than 4 40%
4 but less than 5 60%
5 but less than 6 80%
6 or more 100%

3. 5-Year Cliff Less than 5 0%
5 or more 100%
-----
4. 3-Year Cliff Less than 3 0%
3 or more 100%
-----

5. 4-Year Graded Less than 1 0%
1 but less than 2 25%
----- 2 but less than 3 50%
3 but less than 4 75%
4 or more 100%

6. 3-7 Year Graded Less than 3 0%
----- 3 but less than 4 20%
4 but less than 5 40%
5 but less than 6 60%
6 but less than 7 80%
7 or more 100%

7. Other Less than 0%
----- -----
but less than %
----- ----- -----
but less than %
----- ----- -----
but less than %
----- ----- -----
but less than %
----- ----- -----
or more 100%
-----

B. With respect to the schedules listed above, the Employer elects
(choose 1, 2, 3 and 4; or 5):

1. Schedule A-1 solely with respect to Employer matching contributions.
---
2. Schedule solely with respect to Employer basic contributions.
---
3. Schedule solely with respect to Employer supplemental contributions.
---
4. Schedule solely with respect to Employer profit sharing contributions.
---
5. Schedule with respect to all Employer contributions.
---

NOTE: Notwithstanding any election by the Employer to the contrary,
each Member shall acquire a 100% vested interest in his Account
attributable to all Employer contributions made to the Plan upon the
earlier of (i) attainment of Normal Retirement Age, (ii) approval for
disability or (iii) death. In addition, a Member shall at all times
have a 100% vested interest in the Employer Qualified Non-Elective
Contributions, if any, and in the pre-tax elective deferrals and
nondeductible after-tax Member Contributions.

C. Years of Employment Excluded for Vesting Purposes

The following Years of Employment shall be disregarded for vesting
purposes (choose whichever shall apply):

1. X Years of Employment during any period in which neither the
----- Plan nor any predecessor plan was maintained by the Employer.

2. Years of Employment of a Member prior to attaining age 18.
-----

X. WITHDRAWAL PROVISIONS

A. The following portions of a Member's Account will be eligible for
in-service withdrawals, subject to the provisions of Article VII of
the Plan (choose whichever shall apply):

1. Employee after-tax contributions and the earnings thereon. N/A
----
In-service withdrawals permitted only in the event of (choose
whichever shall apply):

(a) Hardship.
----
(b) Attainment of age 59 1/2.
----

2. X Employee pre-tax elective deferrals and the earnings thereon.
----

Note: In-service withdrawals of all employee pre-tax
elective deferrals and earnings thereon as of
December 31, 1988 are permitted only in the event of
hardship or attainment of age 59 1/2. In-service
withdrawals of earnings after December 31, 1988 are
permitted only in the event of attainment of age 59
1/2.

3. X Employee rollover contributions and the earnings thereon.
----
In-service withdrawals permitted only in the event of (choose
whichever shall apply):

(a) Hardship.
----
(b) Attainment of age 59 1/2.
----
12

4. X Employer matching contributions and the earnings thereon.
---- In-service withdrawals permitted only in the event of (choose
whichever shall apply):

(a) Hardship.
----

(b) Attainment of age 59 1/2.
----

5. Employer basic contributions and the earnings thereon.
----
In-service withdrawals permitted only in the event of (choose
whichever shall apply):

(a) Hardship.
----
(b) Attainment of age 59 1/2.
----

6. Employer supplemental contributions and the earnings thereon.
----

In-service withdrawals permitted only in the event of (choose
whichever shall apply):

(a) Hardship.
----
(b) Attainment of age 59 1/2.
----

7. Employer profit sharing contributions and the earnings
---- thereon.

In-service withdrawals permitted only in the event of (choose
whichever shall apply):

(a) Hardship.
----

(b) Attainment of age 59 1/2.
----

8. Employer qualified nonelective contributions and earnings
---- thereon.

Note: In-service withdrawals of all employer qualified
nonelective contributions and earnings thereon are
permitted only in the event of attainment of age 59 1/2

9.---- No in-service withdrawals shall be allowed.

B. Notwithstanding any elections made in Subsection A of this Section X
above, the following portions of a Member's Account shall be excluded
from eligibility for in-service withdrawals (choose whichever shall
apply): N/A

1. Employer contributions, and the earnings thereon, credited to
---- the Employer Stock Fund or, if applicable, the Employer
Certificate of Deposit Fund.

2. All contributions and/or deferrals, and the earnings thereon,
---- credited to the Employer Stock Fund or, if applicable, the
Employer Certificate of Deposit Fund.

3. Other:________________________________________________________
----
13

XI. DISTRIBUTION OPTION (CHOOSE WHICHEVER SHALL APPLY)

1. Lump Sum and partial lump sum payments only.
----
2. X Lump Sum and partial lump sum payments plus one or more of the
---- following (choose (a) and /or (b)):

(a) X Installment payments.
----

(b) Annuity payments.
----

3. X Distributions in kind of Employer Stock.
----

XII. LOAN PROGRAM (CHOOSE 1, 2 OR 3)

1. No loans will be permitted from the Plan.
----
2. X Loans will be permitted from the Member's Account.
----
3. Loans will be permitted from the Member's Account, EXCLUDING
---- (choose whichever shall apply):

(a) Employer Profit sharing contributions and the earnings thereon.
----
(b) Employer matching contributions and the earnings thereon.
----
(c) Employer basic contributions and the earnings thereon.
----
(d) Employer supplemental contributions and the earnings thereon.
----
(e) Employee after-tax contributions and the earnings thereon.
----
(f) Employee pre-tax elective deferrals and the earnings thereon.
----
(g) Employee rollover contributions and the earnings thereon.
----
(h) Employer qualified nonelective contributions and the earnings thereon.
----
(i) Any amounts to the extent invested in the Employer stock fund.
----

XIII. ADDITIONAL INFORMATION

If additional space is needed to select or describe an elective feature of
the Plan, the Employer should attach additional pages and use the
following format:

The following is hereby made a part of Section ___ of the Adoption
Agreement and is thus incorporated into and made a part of the Revere
Federal Savings & Loan Association Employees' Saving & Profit Sharing Plan
and Trust.

Signature of Employer's Authorized Representative ________________________

Signature of Trustee______________________________

Supplementary Page ____ of [total number of pages].

XIV. PLAN ADMINISTRATOR

The Named Plan Administrator under the Plan shall be the (choose 1, 2, 3
or 4):

Note: Pentegra Services, Inc. may not be appointed Plan Administrator.

1. X Employer
----
2. Employer's Board of Directors
----
3. Plan's Administrative Committee
----
4. Other (if chosen, then provide the following information)
----
Name: _______________________________________________________

Address: _______________________________________________________

Tel No: _______________________________________________________

Contact: _______________________________________________________

NOTE: IF NO NAMED PLAN ADMINISTRATOR IS DESIGNATED ABOVE, THE EMPLOYER
SHALL BE DEEMED THE NAMED PLAN ADMINISTRATOR.

XV. TRUSTEE

The Employer hereby appoints The Bank of New York to serve as Trustee for
all Investment Funds under the Plan except the Employer Stock Fund.

The Employer hereby appoints the following person or entity to serve as
Trustee under the Plan for the Employer Stock Fund.*

Name: THE BANK OF NEW YORK
--------------------------------------------------------------------
Address: 1 WALL ST, NEW YORK, N.Y 10286
-----------------------------------------------------------------
Telephone No: Contact: CHAD KANHAI
------------------------ ----------------------------

-------------------------------------------------------------
Signature of Trustee
(Required only if the Employer is serving as its own Trustee)

* Subject to approval by The Bank of New York, if The Bank of New York is
appointed as Trustee for the Employer Stock Fund.

The Employer hereby appoints The Bank of New York to serve as Custodian
under the Plan for the Employer Stock Fund in the event The Bank of New
York does not serve as Trustee for such Fund.

EXECUTION OF ADOPTION AGREEMENT

By execution of this Adoption Agreement by a duly authorized representative of
the Employer, the Employer acknowledges that it has established or, as the case
may be, amended a tax-qualified retirement plan into the Revere Federal Savings
& Loan Association Employees' Savings & Profit Sharing Plan and Trust (the
"Plan"). The Employer hereby represents and agrees that it will assume full
fiduciary responsibility for the operation of the Plan and for complying with
all duties and requirements imposed under applicable law, including, but not
limited to, the Employee Retirement Income Security Act of 1974, as amended, and
the Internal Revenue Code of 1986, as amended. In addition, the Employer
represents and agrees that it will accept full responsibility of complying with
any applicable requirements of federal or state securities law as such laws may
apply to the Plan and to any investments thereunder. The Employer further
acknowledges that any opinion letter issued with respect to the Adoption
Agreement and the Agreement by the Internal Revenue Service ("IRS") to Pentegra
Services, Inc., as sponsor of the Employees' Savings & Profit Sharing Plan, does
not constitute a ruling or a determination with respect to the tax-qualified
status of the Plan and that the appropriate application must be submitted to the
IRS in order to obtain such a ruling or determination with respect to the Plan.

THE FAILURE TO PROPERLY COMPLETE THE ADOPTION AGREEMENT MAY RESULT IN
DISQUALIFICATION OF THE PLAN AND TRUST EVIDENCED THEREBY.

The Sponsor will inform the Employer of any amendments to the Plan or Trust
Agreement or of the discontinuance or abandonment of the Plan or Trust.

Any inquiries regarding the adoption of the Plan should be directed to the
Sponsor as follows:

Pentegra Services, Inc.
108 Corporate Park Drive
White Plains, New York 10604
(914) 694-1300

IN WITNESS WHEREOF, the Employer has caused this Adoption Agreement to be
executed by its duly authorized officer this 21 day of October, 1998.
-- ------- --

Revere Federal Savings & Loan Association

By: /s/ JAMES J.MCCARTHY
----------------------------
Name: JAMES J. MCCARTHY
----------------------------

Title: President/CEO
----------------------------
6/19/98