BSB BANCORP INC
AMENDMENT NO.3 TO 1996 LONG-TERM INCENTIVE AND CAPITAL ACCUMULATION  PLAN
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<DESCRIPTION>AMENDMENT NO.3 TO 1996 LONG-TERM INCENTIVE AND CAPITAL ACCUMULATION  PLAN
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<TITLE>Amendment No.3 to 1996 Long-Term Incentive and Capital Accumulation  Plan</TITLE>
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  <p align=right><font size="2" face="Times New Roman"><b>Exhibit 10.5</b></font></p> <p align="center"> <font size="2" face="Times New Roman">BSB Bancorp, Inc.</font></p> <p align="center"> <font size="2"
face="Times New Roman">AMENDMENT TO SECTION 8.03(d)</font></p> <p align="center"> <font size="2" face="Times New Roman">OF</font></p> <p align="center"> <font size="2" face="Times New Roman">1996 LONG-TERM INCENTIVE AND CAPITAL ACCUMULATION
PLAN</font></p> <p> <font size="2" face="Times New Roman">RESOLVED, that with respect to all options previously granted to any individual and to all options granted in the future to any individual, the period in which options may be exercised shall
be that period established as the permissible time period for directors, Section 16 Officers and key employees of the Company or its subsidiaries to trade in the Company&#146;s securities under the Company&#146;s Insider Trading Policy for federal
securities law, unless the Committee shall determine otherwise.</font></p> <p> <font size="2" face="Times New Roman">The amendment to Section 8.03(d) was duly adopted and approved by the Board of Directors of BSB Bancorp, Inc. by resolution at a
meeting held on the 25<sup>th</sup> day of November 2002.</font></p>
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<td width="29%" valign="bottom"> <p align="center"> <font size="2" face="Times New Roman">/s/ L<small>ARRY</small> G. D<small>ENNISTON</small></font></p> </td>
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<td width="47%" valign="top"> <p align="center"><font size="2" face="Times New Roman"> &nbsp;</font></p> </td>
<td width="29%" valign="bottom"> <p align="center"> <font size="1" face="Times New Roman"><b>Larry G. Denniston<br> Senior Vice President and<br> Corporate Secretary</b></font></p> </td>
<td width="22%" valign="top"> <p align="center"><font size="2" face="Times New Roman"> &nbsp;</font></p> </td> </tr> </table> <p> <font size="2" face="Times New Roman">&nbsp;</font></p>
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