Exhibit 10.3
Employment Agreement Between Bay State Bancorp, Inc and Denise M. Renaghan
<PAGE>
Exhibit 10.3
Ms. Renaghan's Employment is the same as the Employment Agreement in
Exhibit 10.1, which is incorporated herein by reference except as to: (i) the
name of the signatory, which is Denise M. Renaghan; (ii) the signatory for the
Company, which is John F. Murphy; (iii) the position in Section 1, which is
Executive Vice President and Chief Operating Officer; and (iv) the amount of the
base salary in Section 3(a), which is $175,000.
