<ARTICLE>                               5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
CONSOLIDATED  BALANCE SHEETS AND CONSOLIDATED  STATEMENTS OF OPERATIONS FOUND IN
THE  COMPANY'S  FORM 10K FOR THE YEAR 1998 AND IS  QUALIFIED  IN ITS ENTIRETY BY
REFERENCE  TO SUCH  FINANCIAL  INFORMATION  AND IS  QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                                   
<PERIOD-TYPE>                                               3-MOS
<FISCAL-YEAR-END>                                     DEC-31-1999
<PERIOD-START>                                        JAN-01-1999
<PERIOD-END>                                          MAR-31-1999
<CASH>                                                     43,450
<SECURITIES>                                               67,586
<RECEIVABLES>                                                   0
<ALLOWANCES>                                                8,242
<INVENTORY>                                                     0
<CURRENT-ASSETS>                                          326,822
<PP&E>                                                      4,022
<DEPRECIATION>                                                  0
<TOTAL-ASSETS>                                            433,638
<CURRENT-LIABILITIES>                                     394,094
<BONDS>                                                         0
<PREFERRED-MANDATORY>                                           0
<PREFERRED>                                                     0
<COMMON>                                                   26,012
<OTHER-SE>                                                 13,532 <F1>
<TOTAL-LIABILITY-AND-EQUITY>                              433,638
<SALES>                                                         0
<TOTAL-REVENUES>                                           11,129
<CGS>                                                           0
<TOTAL-COSTS>                                                   0
<OTHER-EXPENSES>                                            5,810
<LOSS-PROVISION>                                              300
<INTEREST-EXPENSE>                                          2,916
<INCOME-PRETAX>                                             2,103
<INCOME-TAX>                                                  809
<INCOME-CONTINUING>                                        12,914
<DISCONTINUED>                                                  0
<EXTRAORDINARY>                                               279
<CHANGES>                                                       0
<NET-INCOME>                                                1,018
<EPS-PRIMARY>                                                 .30 <F2>
<EPS-DILUTED>                                                 .29 <F3>
<FN>
<F1>INCLUDES UNREALIZED GAIN ON SECURITIES AFS OF 49
<F1>AFTER EXTRAORDINARY ITEM OF 276, BEFORE EXTRAORDINARY 
ITEM PRIMARY .38.
<F1> AFTER EXTRAORDINARY ITEM OF 276, BEFORE EXTRAORDINARY 
ITEM DILUTED .37.
</FN>