As filed with the Securities and Exchange Commission on January 14, 2003.

                                                    Registration No. 333-_______

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

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

                            Farnsworth Bancorp, Inc.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

           New Jersey                                          22-3591051
           ----------                                          ----------
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                             Identification No.)

                              789 Farnsworth Avenue
                          Bordentown, New Jersey 08505
             ------------------------------------------------------
                    (Address of principal executive offices)

                 Farnsworth Bancorp, Inc. 2002 Stock Option Plan
                   Peoples Savings Bank 2002 Stock Bonus Plan
             ------------------------------------------------------
                            (Full Title of the Plans)

                               Richard Fisch, Esq.
                              Evan M. Seigel, Esq.
                            Malizia Spidi & Fisch, PC
                           1100 New York Avenue, N.W.
                                 Suite 340 West
                             Washington, D.C. 20005
                                 (202) 434-4660
             ------------------------------------------------------
            (Name, address and telephone number of agent for service)

<TABLE>
<CAPTION>
                                        CALCULATION OF REGISTRATION FEE
========================================================================================================
  Title of                              Proposed Maximum      Proposed Maximum
Securities to         Amount to be          Offering         Aggregate Offering   Amount of Registration
be Registered         Registered (1)    Price Per Share(2)         Price (2)              Fee (2)
-------------         --------------    ------------------   ------------------   ----------------------
<S>                <C>                     <C>                  <C>                     <C>
Common Stock
$0.10 par value       21,652 shares           $14.50               $313,954                $28.88
per share

Common Stock
$0.10 par value
per share             10,826 shares           $15.00               $162,390                $14.94

========================================================================================================
</TABLE>
(1)      The maximum number of shares of Common Stock issuable upon awards to be
         granted  under the  Farnsworth  Bancorp,  Inc.  2002 Stock  Option Plan
         consists  of 21,652  shares,  and under the Peoples  Savings  Bank 2002
         Stock Bonus Plan (the "RSP")  consists of 10,826 shares which are being
         registered   under  this   Registration   Statement  and  for  which  a
         registration fee is being paid.  Additionally,  an indeterminate number
         of  additional  shares  which may be  offered  and  issued  to  prevent
         dilution  resulting  from  stock  splits,  stock  dividends  or similar
         transactions.
(2)      Under  Rule  457(h)  of the  1933  Act,  the  registration  fee  may be
         calculated, inter alia, based upon the price at which the stock options
         may be exercised.  An aggregate of 32,478  shares are being  registered
         hereby,  of which 21,652 shares are under option at a weighted  average
         exercise  price of $14.50 per share  ($313,954 in the  aggregate).  The
         remainder of such shares  10,826  shares  consisting  of 10,826  shares
         awarded under the RSP, are being  registered  based upon the average of
         the bid  and ask  prices  of the  Common  Stock  of the  Registrant  as
         reported on the OTC  Bulletin  Board on January 8, 2003,  of $15.00 per
         share ($162,390 in the aggregate), for a total offering of $476,344.

         This Registration  Statement shall become effective  automatically upon
the date of filing,  in accordance  with Section 8(a) of the  Securities  Act of
1933 ("1933 Act") and Rule 462 of the 1933 Act.
<PAGE>

                                     PART I
              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.  Plan Information. *
------

Item 2.  Registrant Information and Employee Plan Annual Information. *
------

         *This  Registration  Statement  relates to the  registration  of 32,478
shares of Farnsworth Bancorp, Inc. (the "Company" or "Registrant") common stock,
$.10 par value per share (the "Common  Stock")  issuable to employees,  officers
and directors of the Registrant or its subsidiary as  compensation  for services
in accordance  with the  Farnsworth  Bancorp,  Inc. 2002 Stock Option Plan under
which 21,652 shares are issuable,  and the Peoples Savings Bank 2002 Stock Bonus
Plan under which 10,826 shares are issuable (together,  the "Plans").  Documents
containing the  information  required by Part I of this  Registration  Statement
will be  sent  or  given  to  participants  in the  Plan  as  specified  by Rule
428(b)(1).  Such  documents  are not  filed  with the  Securities  and  Exchange
Commission (the "Commission")  either as part of this Registration  Statement or
as prospectuses or prospectus  supplements  pursuant to Rule 424, in reliance on
Rule 428.

                                     PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Certain Documents by Reference.
------

         The Company became  subject to the  informational  requirements  of the
Securities  Exchange  Act of 1934  (the  "1934  Act")  on  July  14,  1998  and,
accordingly,  files periodic reports and other  information with the Commission.
Reports,  proxy  statements and other  information  concerning the Company filed
with the  Commission  may be inspected and copies may be obtained (at prescribed
rates) at the  Commission's  Public  Reference  Section,  Room  1024,  450 Fifth
Street, N.W., Washington, D.C. 20549.

         The following  documents filed by the Company are  incorporated in this
Registration Statement by reference:

         (a) The  Company's  Annual  Report on Form  10-KSB for the fiscal  year
ended September 30, 2002; and

         (b) The  description  of the  Company's  securities as contained in the
Company's  Registration  Statement on Form 8-A, as filed with the  Commission on
July 14, 1998.

         All documents  subsequently  filed by the Company  pursuant to Sections
13(a),  13(c),  14,  and  15(d)  of the  1934  Act,  prior  to the  filing  of a
post-effective  amendment which indicates that all securities  offered have been
sold or which  deregisters all securities then remaining  unsold shall be deemed
to be incorporated by reference in this Registration  Statement and to be a part
hereof from the date of filing of such documents.

Item 4.  Description of Securities.
------

         Not Applicable

Item 5.  Interests of Named Experts and Counsel.
------

         Not Applicable

                                       2
<PAGE>

Item 6.  Indemnification of Directors and Officers.
------

         Section  14A:3-5 of the New Jersey  Business  Corporation Act describes
those circumstances under which directors, officers, employees and agents may be
insured  or  indemnified  against  liability  which  they  may  incur  in  their
capacities as such.

         Section 17 of the Certificate of Incorporation of the Company,  require
indemnification  of directors,  officers,  employees or agents of the Company to
the full extent permissible under New Jersey law.

         The registrant believes that these provisions assist the registrant in,
among other  things,  attracting  and retaining  qualified  persons to serve the
registrant and its subsidiary.  However, a result of such provisions could be to
increase the expenses of the  registrant and  effectively  reduce the ability of
stockholders  to sue on behalf of the registrant  because certain suits could be
barred or amounts that might  otherwise be obtained on behalf of the  registrant
could be required to be repaid by the registrant to an indemnified party.

         The Company may purchase and maintain insurance on behalf of any person
who is or was a director,  officer,  employee,  or agent of the Company or is or
was serving at the request of the Company as a director,  officer,  employee, or
agent of  another  corporation,  partnership,  joint  venture,  trust,  or other
enterprise against any liability asserted against the person and incurred by the
person in any such capacity or arising out of his status as such, whether or not
the Company would have the power to indemnify the person  against such liability
under the provisions of the Certificate of Incorporation.

         Insofar as indemnification for liabilities arising under the Securities
Act of 1933 ("1933  Act") may be permitted to  directors,  officers,  or persons
controlling the Company  pursuant to the foregoing  provisions,  the Company has
been informed that in the opinion of the Securities and Exchange Commission such
indemnification  is against  public  policy as  expressed in the 1933 Act and is
therefore unenforceable.


Item 7.  Exemption from Registration Claimed.
------

         Not Applicable

Item 8.  Exhibits.
------

         For a  list  of  all  exhibits  filed  or  included  as  part  of  this
Registration Statement,  see "Index to Exhibits" at the end of this Registration
Statement.

Item 9.  Undertakings.
------

         (a)      The undersigned Registrant hereby undertakes:

               (1)  To file,  during  any  period  in which  offers or sales are
                    being made, a post-effective  amendment to this Registration
                    Statement;

               (i)  To include any  prospectus  required by Section  10(a)(3) of
                    the 1933 Act;

                                       3
<PAGE>
               (ii) To reflect  in the  prospectus  any facts or events  arising
                    after the effective date of the  Registration  Statement (or
                    the most recent  post-effective  amendment  thereof)  which,
                    individually  or in the  aggregate,  represent a fundamental
                    change  in the  information  set  forth in the  Registration
                    Statement;

               (iii)To include  any  material  information  with  respect to the
                    plan  of  distribution  not  previously   disclosed  in  the
                    Registration  Statement  or  any  material  change  to  such
                    information in the Registration Statement;

provided however,  that paragraphs  (a)(1)(i) and (a)(1)(ii) do not apply if the
Registration Statement is on Form S-3, Form S-8, and the information required to
be included in a  post-effective  amendment by those  paragraphs is contained in
periodic reports filed by the Registrant  pursuant to Section 13 or 15(d) of the
1934 Act that are incorporated by reference in the Registration Statement.

                  (2) That, for the purpose of determining  any liability  under
the 1933 Act,  each such  post-effective  amendment  shall be deemed to be a new
Registration  Statement  relating to the  securities  offered  therein,  and the
offering of such  securities at that time shall be deemed to be the initial bona
fide offering thereof.

                  (3) To remove from  registration by means of a  post-effective
amendment  any of the  securities  being  registered  which remain unsold at the
termination of the offering.

         (b) The undersigned  Registrant hereby undertakes that, for purposes of
determining  any  liability  under the 1933 Act each filing of the  Registrant's
annual  report  pursuant to section 13(a) or section 15(d) of the 1934 Act (and,
where  applicable,  each  filing of an employee  benefit  plan's  annual  report
pursuant to section 15(d) of the 1934 Act) that is  incorporated by reference in
the Registration  Statement shall be deemed to be a new  Registration  Statement
relating to the securities offered therein,  and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

         (c) The undersigned Registrant hereby undertakes to deliver or cause to
be delivered with the prospectus,  to each person to whom the prospectus is sent
or given, the latest annual report,  to security holders that is incorporated by
reference  in  the  prospectus  and  furnished   pursuant  to  and  meeting  the
requirements  of Rule 14a-3 or Rule 14c-3 under the 1934 Act; and, where interim
financial information required to be presented by Article 3 of Regulation S-X is
not set forth in the  prospectus,  to deliver,  or cause to be delivered to each
person to whom the prospectus is sent or given, the latest quarterly report that
is  specifically  incorporated  by reference in the  prospectus  to provide such
interim financial information.

         (d) Insofar as indemnification  for liabilities  arising under the 1933
Act may be permitted to  directors,  officers,  and  controlling  persons of the
Registrant pursuant to the foregoing  provisions,  or otherwise,  the Registrant
has been advised that in the opinion of the Securities  and Exchange  Commission
such  indemnification  is against public policy as expressed in the 1933 Act and
is,  therefore,  unenforceable.  In the event  that a claim for  indemnification
against such  liabilities  (other than the payment by the Registrant of expenses
incurred or paid by a director, officer, or controlling person of the Registrant
in the  successful  defense of any action,  suit, or  proceeding) is asserted by
such director,  officer, or controlling person in connection with the securities
being registered,  the Registrant will, unless in the opinion of its counsel the
matter  has  been  settled  by  controlling  precedent,  submit  to a  court  of
appropriate  jurisdiction  the question  whether such  indemnification  by it is
against  public  policy  expressed  in the 1933 Act and will be  governed by the
final adjudication of such issue.

                                       4
<PAGE>

                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized,  in the City of Bordentown  in the State of New Jersey,  on the 13th
day of January 2003.

                                    Farnsworth Bancorp, Inc.


                                    By:    /s/Gary N. Pelehaty
                                           -------------------------------------
                                           Gary N. Pelehaty
                                           President and Chief Executive Officer
                                           (Duly Authorized Representative)


                                POWER OF ATTORNEY

         We, the undersigned directors and officers of Farnsworth Bancorp, Inc.,
do hereby  severally  constitute  and appoint  Gary N.  Pelehaty as our true and
lawful attorney and agent, to do any and all things and acts in our names in the
capacities  indicated below and to execute any and all instruments for us and in
our names in the capacities indicated below which said Gary N. Pelehaty may deem
necessary or advisable to enable  Farnsworth  Bancorp,  Inc., to comply with the
Securities Act of 1933, as amended, and any rules,  regulations and requirements
of the Securities and Exchange  Commission,  in connection with the Registration
Statement on Form S-8 relating to the registrant,  including  specifically,  but
not limited to, power and  authority to sign,  for any of us in our names in the
capacities  indicated  below,  the  Registration   Statement  and  any  and  all
amendments (including  post-effective  amendments) thereto; and we hereby ratify
and  confirm  all that  said  Gary N.  Pelehaty  shall do or cause to be done by
virtue hereof.

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Registration  Statement  has been signed below by the  following  persons in the
capacities indicated as of the date indicated.

<TABLE>
<CAPTION>
<S>                                      <C>

/s/Gary N. Pelehaty                           /s/Charles Alessi
-------------------------------------         --------------------------------------------
Gary N. Pelehaty                              Charles Alessi
President and Chief Executive Officer         Vice President, Secretary and Treasurer
(Principal Executive Officer)                 (Principal Accounting and Financial Officer)

Date:    January 13, 2003                     Date:    January 13, 2003



/s/Joseph H. Kelly                            /s/George G. Aaronson, Jr.
-------------------------------------         --------------------------------------------
Joseph H. Kelly                               George G. Aaronson, Jr.
Director                                      Director

Date:    January 13, 2003                     Date:    January 13, 2003


<PAGE>


/s/G. Edward Koenig, Jr.                      /s/Edgar N. Peppler
-------------------------------------         --------------------------------------------
G. Edward Koenig, Jr.                         Edgar N. Peppler
Director                                      Director

Date:    January 13, 2003                     Date:    January 13, 2003



/s/William H. Wainwright, Jr.                 /s/Charles E. Adams
-------------------------------------         --------------------------------------------
William H. Wainwright, Jr.                    Charles E. Adams
Director                                      Director

Date:    January 13, 2003                     Date:    January 13, 2003

</TABLE>

<PAGE>

                                INDEX TO EXHIBITS





Exhibit                     Description
-------                     -----------


     4.1         Farnsworth Bancorp, Inc. 2002 Stock Option Plan

     4.2         Peoples Savings Bank 2002 Stock Bonus Plan

     4.3         Form of Stock Option Agreement to be entered into with
                 respect to Stock Options under the Stock Option Plan

     4.4         Form of Restricted Stock Award Agreement

     4.5         Form of Stock Award Tax Notice

     5.1         Opinion of Malizia Spidi & Fisch, PC as to the validity of the
                 Common Stock being registered

    23.1         Consent of Malizia Spidi & Fisch, PC (appears in their opinion
                 filed as Exhibit 5.1)

    23.2         Consent of Kronick Kalada Berdy & Co.

     24          Reference is made to the Signatures section of this
                 Registration Statement for the Power of Attorney contained
                 therein
[{"type": "S-8", "sequence": "1", "filename": "s8_011303-0188.txt", "description": "FORM", "secsgml_size_bytes": 19754}]
{"company-data": {"conformed-name": "FARNSWORTH BANCORP INC", "cik": "0001063568", "assigned-sic": "6035", "irs-number": "223591051", "state-of-incorporation": "NJ", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-102504", "film-number": "03513552"}, "business-address": {"street1": "789 FARNSWORTH AVENUE", "city": "BORDENTOWN", "state": "NJ", "zip": "08505", "phone": "6092980723"}, "mail-address": {"street1": "789 FARNSWORTH AVENUE", "city": "BORDENTOWN", "state": "NJ", "zip": "08505"}}
As filed with the Securities and Exchange Commission on January 14, 2003.

                                                    Registration No. 333-_______

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

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

                            Farnsworth Bancorp, Inc.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

           New Jersey                                          22-3591051
           ----------                                          ----------
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                             Identification No.)

                              789 Farnsworth Avenue
                          Bordentown, New Jersey 08505
             ------------------------------------------------------
                    (Address of principal executive offices)

                 Farnsworth Bancorp, Inc. 2002 Stock Option Plan
                   Peoples Savings Bank 2002 Stock Bonus Plan
             ------------------------------------------------------
                            (Full Title of the Plans)

                               Richard Fisch, Esq.
                              Evan M. Seigel, Esq.
                            Malizia Spidi & Fisch, PC
                           1100 New York Avenue, N.W.
                                 Suite 340 West
                             Washington, D.C. 20005
                                 (202) 434-4660
             ------------------------------------------------------
            (Name, address and telephone number of agent for service)
CALCULATION OF REGISTRATION FEE
========================================================================================================
  Title of                              Proposed Maximum      Proposed Maximum
Securities to         Amount to be          Offering         Aggregate Offering   Amount of Registration
be Registered         Registered (1)    Price Per Share(2)         Price (2)              Fee (2)
-------------         --------------    ------------------   ------------------   ----------------------
Common Stock
$0.10 par value       21,652 shares           $14.50               $313,954                $28.88
per share

Common Stock
$0.10 par value
per share             10,826 shares           $15.00               $162,390                $14.94

========================================================================================================
(1)      The maximum number of shares of Common Stock issuable upon awards to be
         granted  under the  Farnsworth  Bancorp,  Inc.  2002 Stock  Option Plan
         consists  of 21,652  shares,  and under the Peoples  Savings  Bank 2002
         Stock Bonus Plan (the "RSP")  consists of 10,826 shares which are being
         registered   under  this   Registration   Statement  and  for  which  a
         registration fee is being paid.  Additionally,  an indeterminate number
         of  additional  shares  which may be  offered  and  issued  to  prevent
         dilution  resulting  from  stock  splits,  stock  dividends  or similar
         transactions.
(2)      Under  Rule  457(h)  of the  1933  Act,  the  registration  fee  may be
         calculated, inter alia, based upon the price at which the stock options
         may be exercised.  An aggregate of 32,478  shares are being  registered
         hereby,  of which 21,652 shares are under option at a weighted  average
         exercise  price of $14.50 per share  ($313,954 in the  aggregate).  The
         remainder of such shares  10,826  shares  consisting  of 10,826  shares
         awarded under the RSP, are being  registered  based upon the average of
         the bid  and ask  prices  of the  Common  Stock  of the  Registrant  as
         reported on the OTC  Bulletin  Board on January 8, 2003,  of $15.00 per
         share ($162,390 in the aggregate), for a total offering of $476,344.

         This Registration  Statement shall become effective  automatically upon
the date of filing,  in accordance  with Section 8(a) of the  Securities  Act of
1933 ("1933 Act") and Rule 462 of the 1933 Act.
PART I
              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.  Plan Information. *
------

Item 2.  Registrant Information and Employee Plan Annual Information. *
------

         *This  Registration  Statement  relates to the  registration  of 32,478
shares of Farnsworth Bancorp, Inc. (the "Company" or "Registrant") common stock,
$.10 par value per share (the "Common  Stock")  issuable to employees,  officers
and directors of the Registrant or its subsidiary as  compensation  for services
in accordance  with the  Farnsworth  Bancorp,  Inc. 2002 Stock Option Plan under
which 21,652 shares are issuable,  and the Peoples Savings Bank 2002 Stock Bonus
Plan under which 10,826 shares are issuable (together,  the "Plans").  Documents
containing the  information  required by Part I of this  Registration  Statement
will be  sent  or  given  to  participants  in the  Plan  as  specified  by Rule
428(b)(1).  Such  documents  are not  filed  with the  Securities  and  Exchange
Commission (the "Commission")  either as part of this Registration  Statement or
as prospectuses or prospectus  supplements  pursuant to Rule 424, in reliance on
Rule 428.

                                     PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Certain Documents by Reference.
------

         The Company became  subject to the  informational  requirements  of the
Securities  Exchange  Act of 1934  (the  "1934  Act")  on  July  14,  1998  and,
accordingly,  files periodic reports and other  information with the Commission.
Reports,  proxy  statements and other  information  concerning the Company filed
with the  Commission  may be inspected and copies may be obtained (at prescribed
rates) at the  Commission's  Public  Reference  Section,  Room  1024,  450 Fifth
Street, N.W., Washington, D.C. 20549.

         The following  documents filed by the Company are  incorporated in this
Registration Statement by reference:

         (a) The  Company's  Annual  Report on Form  10-KSB for the fiscal  year
ended September 30, 2002; and

         (b) The  description  of the  Company's  securities as contained in the
Company's  Registration  Statement on Form 8-A, as filed with the  Commission on
July 14, 1998.

         All documents  subsequently  filed by the Company  pursuant to Sections
13(a),  13(c),  14,  and  15(d)  of the  1934  Act,  prior  to the  filing  of a
post-effective  amendment which indicates that all securities  offered have been
sold or which  deregisters all securities then remaining  unsold shall be deemed
to be incorporated by reference in this Registration  Statement and to be a part
hereof from the date of filing of such documents.

Item 4.  Description of Securities.
------

         Not Applicable

Item 5.  Interests of Named Experts and Counsel.
------

         Not Applicable

                                       2
Item 6.  Indemnification of Directors and Officers.
------

         Section  14A:3-5 of the New Jersey  Business  Corporation Act describes
those circumstances under which directors, officers, employees and agents may be
insured  or  indemnified  against  liability  which  they  may  incur  in  their
capacities as such.

         Section 17 of the Certificate of Incorporation of the Company,  require
indemnification  of directors,  officers,  employees or agents of the Company to
the full extent permissible under New Jersey law.

         The registrant believes that these provisions assist the registrant in,
among other  things,  attracting  and retaining  qualified  persons to serve the
registrant and its subsidiary.  However, a result of such provisions could be to
increase the expenses of the  registrant and  effectively  reduce the ability of
stockholders  to sue on behalf of the registrant  because certain suits could be
barred or amounts that might  otherwise be obtained on behalf of the  registrant
could be required to be repaid by the registrant to an indemnified party.

         The Company may purchase and maintain insurance on behalf of any person
who is or was a director,  officer,  employee,  or agent of the Company or is or
was serving at the request of the Company as a director,  officer,  employee, or
agent of  another  corporation,  partnership,  joint  venture,  trust,  or other
enterprise against any liability asserted against the person and incurred by the
person in any such capacity or arising out of his status as such, whether or not
the Company would have the power to indemnify the person  against such liability
under the provisions of the Certificate of Incorporation.

         Insofar as indemnification for liabilities arising under the Securities
Act of 1933 ("1933  Act") may be permitted to  directors,  officers,  or persons
controlling the Company  pursuant to the foregoing  provisions,  the Company has
been informed that in the opinion of the Securities and Exchange Commission such
indemnification  is against  public  policy as  expressed in the 1933 Act and is
therefore unenforceable.

Item 7.  Exemption from Registration Claimed.
------

         Not Applicable

Item 8.  Exhibits.
------

         For a  list  of  all  exhibits  filed  or  included  as  part  of  this
Registration Statement,  see "Index to Exhibits" at the end of this Registration
Statement.

Item 9.  Undertakings.
------

         (a)      The undersigned Registrant hereby undertakes:

               (1)  To file,  during  any  period  in which  offers or sales are
                    being made, a post-effective  amendment to this Registration
                    Statement;

               (i)  To include any  prospectus  required by Section  10(a)(3) of
                    the 1933 Act;

                                       3
(ii) To reflect  in the  prospectus  any facts or events  arising
                    after the effective date of the  Registration  Statement (or
                    the most recent  post-effective  amendment  thereof)  which,
                    individually  or in the  aggregate,  represent a fundamental
                    change  in the  information  set  forth in the  Registration
                    Statement;

               (iii)To include  any  material  information  with  respect to the
                    plan  of  distribution  not  previously   disclosed  in  the
                    Registration  Statement  or  any  material  change  to  such
                    information in the Registration Statement;

provided however,  that paragraphs  (a)(1)(i) and (a)(1)(ii) do not apply if the
Registration Statement is on Form S-3, Form S-8, and the information required to
be included in a  post-effective  amendment by those  paragraphs is contained in
periodic reports filed by the Registrant  pursuant to Section 13 or 15(d) of the
1934 Act that are incorporated by reference in the Registration Statement.

                  (2) That, for the purpose of determining  any liability  under
the 1933 Act,  each such  post-effective  amendment  shall be deemed to be a new
Registration  Statement  relating to the  securities  offered  therein,  and the
offering of such  securities at that time shall be deemed to be the initial bona
fide offering thereof.

                  (3) To remove from  registration by means of a  post-effective
amendment  any of the  securities  being  registered  which remain unsold at the
termination of the offering.

         (b) The undersigned  Registrant hereby undertakes that, for purposes of
determining  any  liability  under the 1933 Act each filing of the  Registrant's
annual  report  pursuant to section 13(a) or section 15(d) of the 1934 Act (and,
where  applicable,  each  filing of an employee  benefit  plan's  annual  report
pursuant to section 15(d) of the 1934 Act) that is  incorporated by reference in
the Registration  Statement shall be deemed to be a new  Registration  Statement
relating to the securities offered therein,  and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

         (c) The undersigned Registrant hereby undertakes to deliver or cause to
be delivered with the prospectus,  to each person to whom the prospectus is sent
or given, the latest annual report,  to security holders that is incorporated by
reference  in  the  prospectus  and  furnished   pursuant  to  and  meeting  the
requirements  of Rule 14a-3 or Rule 14c-3 under the 1934 Act; and, where interim
financial information required to be presented by Article 3 of Regulation S-X is
not set forth in the  prospectus,  to deliver,  or cause to be delivered to each
person to whom the prospectus is sent or given, the latest quarterly report that
is  specifically  incorporated  by reference in the  prospectus  to provide such
interim financial information.

         (d) Insofar as indemnification  for liabilities  arising under the 1933
Act may be permitted to  directors,  officers,  and  controlling  persons of the
Registrant pursuant to the foregoing  provisions,  or otherwise,  the Registrant
has been advised that in the opinion of the Securities  and Exchange  Commission
such  indemnification  is against public policy as expressed in the 1933 Act and
is,  therefore,  unenforceable.  In the event  that a claim for  indemnification
against such  liabilities  (other than the payment by the Registrant of expenses
incurred or paid by a director, officer, or controlling person of the Registrant
in the  successful  defense of any action,  suit, or  proceeding) is asserted by
such director,  officer, or controlling person in connection with the securities
being registered,  the Registrant will, unless in the opinion of its counsel the
matter  has  been  settled  by  controlling  precedent,  submit  to a  court  of
appropriate  jurisdiction  the question  whether such  indemnification  by it is
against  public  policy  expressed  in the 1933 Act and will be  governed by the
final adjudication of such issue.

                                       4
SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized,  in the City of Bordentown  in the State of New Jersey,  on the 13th
day of January 2003.

                                    Farnsworth Bancorp, Inc.

                                    By:    /s/Gary N. Pelehaty
                                           -------------------------------------
                                           Gary N. Pelehaty
                                           President and Chief Executive Officer
                                           (Duly Authorized Representative)

                                POWER OF ATTORNEY

         We, the undersigned directors and officers of Farnsworth Bancorp, Inc.,
do hereby  severally  constitute  and appoint  Gary N.  Pelehaty as our true and
lawful attorney and agent, to do any and all things and acts in our names in the
capacities  indicated below and to execute any and all instruments for us and in
our names in the capacities indicated below which said Gary N. Pelehaty may deem
necessary or advisable to enable  Farnsworth  Bancorp,  Inc., to comply with the
Securities Act of 1933, as amended, and any rules,  regulations and requirements
of the Securities and Exchange  Commission,  in connection with the Registration
Statement on Form S-8 relating to the registrant,  including  specifically,  but
not limited to, power and  authority to sign,  for any of us in our names in the
capacities  indicated  below,  the  Registration   Statement  and  any  and  all
amendments (including  post-effective  amendments) thereto; and we hereby ratify
and  confirm  all that  said  Gary N.  Pelehaty  shall do or cause to be done by
virtue hereof.

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Registration  Statement  has been signed below by the  following  persons in the
capacities indicated as of the date indicated.
/s/Gary N. Pelehaty                           /s/Charles Alessi
-------------------------------------         --------------------------------------------
Gary N. Pelehaty                              Charles Alessi
President and Chief Executive Officer         Vice President, Secretary and Treasurer
(Principal Executive Officer)                 (Principal Accounting and Financial Officer)

Date:    January 13, 2003                     Date:    January 13, 2003

/s/Joseph H. Kelly                            /s/George G. Aaronson, Jr.
-------------------------------------         --------------------------------------------
Joseph H. Kelly                               George G. Aaronson, Jr.
Director                                      Director

Date:    January 13, 2003                     Date:    January 13, 2003
/s/G. Edward Koenig, Jr.                      /s/Edgar N. Peppler
-------------------------------------         --------------------------------------------
G. Edward Koenig, Jr.                         Edgar N. Peppler
Director                                      Director

Date:    January 13, 2003                     Date:    January 13, 2003

/s/William H. Wainwright, Jr.                 /s/Charles E. Adams
-------------------------------------         --------------------------------------------
William H. Wainwright, Jr.                    Charles E. Adams
Director                                      Director

Date:    January 13, 2003                     Date:    January 13, 2003
INDEX TO EXHIBITS

Exhibit                     Description
-------                     -----------

     4.1         Farnsworth Bancorp, Inc. 2002 Stock Option Plan

     4.2         Peoples Savings Bank 2002 Stock Bonus Plan

     4.3         Form of Stock Option Agreement to be entered into with
                 respect to Stock Options under the Stock Option Plan

     4.4         Form of Restricted Stock Award Agreement

     4.5         Form of Stock Award Tax Notice

     5.1         Opinion of Malizia Spidi & Fisch, PC as to the validity of the
                 Common Stock being registered

    23.1         Consent of Malizia Spidi & Fisch, PC (appears in their opinion
                 filed as Exhibit 5.1)

    23.2         Consent of Kronick Kalada Berdy & Co.

     24          Reference is made to the Signatures section of this
                 Registration Statement for the Power of Attorney contained
                 therein