EXHIBIT 11 

				  WEST ONE BANCORP 
			COMPUTATION OF PER SHARE EARNINGS 
 
 
Dollars in thousands, except per share,  
for the year ended December 31,            1994           1993          1992    
                                                              
Primary earnings per share: 
 
Weighted average number of shares       35,355,863    32,803,044    29,923,980 
 
  Common stock equivalents computed  
  under the treasury stock method  
  using average market price.              455,701       488,938       419,416 
	 
  Total                                 35,811,564    33,291,982    30,343,396 
 
Fully diluted earnings per share: 
 
Weighted average number of shares       35,355,863    32,803,044    29,923,980 
 
  Common stock equivalents computed  
  under the treasury stock method  
  using the greater of ending or  
  average market price.                    456,047       505,788       514,844 
 
  Other potentially dilutive securities  2,684,569     2,687,450     2,687,450 
 
    TOTAL                               38,496,479    35,996,282    33,126,274 
 
Net income                                $103,171       $83,187       $63,372 
 
 
Interest expense (net of tax) incurred  
  for other potentially dilutive  
  securities                               $ 2,315       $ 2,317       $ 2,353 
 
Earnings per share: 
 
Primary                                     $ 2.88        $ 2.50        $ 2.09 
Fully diluted                                 2.74          2.38          1.98