<ARTICLE>                     9
                    
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   3-mos
<FISCAL-YEAR-END>                          Dec-31-1996
<PERIOD-START>                             Jan-01-1996
<PERIOD-END>                               Mar-31-1996
<CASH>                                         118,906
<INT-BEARING-DEPOSITS>                           6,928
<FED-FUNDS-SOLD>                                53,050
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    494,814
<INVESTMENTS-CARRYING>                          29,711
<INVESTMENTS-MARKET>                                 0
<LOANS>                                              0
<ALLOWANCE>                                    (50,045)
<TOTAL-ASSETS>                               3,550,687
<DEPOSITS>                                   3,148,662
<SHORT-TERM>                                   115,764
<LIABILITIES-OTHER>                             47,361  
<LONG-TERM>                                      1,054
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     68,063
<COMMON>                                         5,915
<OTHER-SE>                                     163,868
<TOTAL-LIABILITIES-AND-EQUITY>               3,550,687
<INTEREST-LOAN>                                 58,288
<INTEREST-INVEST>                                6,842
<INTEREST-OTHER>                                 1,526
<INTEREST-TOTAL>                                66,656
<INTEREST-DEPOSIT>                              32,065
<INTEREST-EXPENSE>                              36,551
<INTEREST-INCOME-NET>                           30,105
<LOAN-LOSSES>                                    3,104
<SECURITIES-GAINS>                                 116
<EXPENSE-OTHER>                                 25,037
<INCOME-PRETAX>                                  7,001
<INCOME-PRE-EXTRAORDINARY>                       7,001
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,437
<EPS-PRIMARY>                                   126.93
<EPS-DILUTED>                                   125.52
<YIELD-ACTUAL>                                    8.02
<LOANS-NON>                                     41,649
<LOANS-PAST>                                     4,324
<LOANS-TROUBLED>                                 1,727
<LOANS-PROBLEM>                                 27,800
<ALLOWANCE-OPEN>                                52,665
<CHARGE-OFFS>                                   (6,851)
<RECOVERIES>                                     1,127
<ALLOWANCE-CLOSE>                               50,045
<ALLOWANCE-DOMESTIC>                            50,045
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0