<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION OF PALFED, INC. AND SUBSIDIARIES
AS OF SEPTEMBER 30, 1995 AND THE RELATED CONSOLIDATED STATEMENT OF INCOME FOR
THE THREE MONTHS ENDED SEPTEMBER 30, 1995, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JUL-01-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                           8,895
<INT-BEARING-DEPOSITS>                           5,473
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     22,306
<INVESTMENTS-CARRYING>                         108,319
<INVESTMENTS-MARKET>                           108,329
<LOANS>                                        456,489
<ALLOWANCE>                                      8,351
<TOTAL-ASSETS>                                 642,864
<DEPOSITS>                                     498,214
<SHORT-TERM>                                    78,800
<LIABILITIES-OTHER>                              5,754
<LONG-TERM>                                     10,000
<COMMON>                                        50,096
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           0
<TOTAL-LIABILITIES-AND-EQUITY>                 642,864
<INTEREST-LOAN>                                 10,407
<INTEREST-INVEST>                                2,319
<INTEREST-OTHER>                                    94
<INTEREST-TOTAL>                                12,820
<INTEREST-DEPOSIT>                               6,188
<INTEREST-EXPENSE>                               1,538
<INTEREST-INCOME-NET>                            5,094
<LOAN-LOSSES>                                      451
<SECURITIES-GAINS>                                 172
<EXPENSE-OTHER>                                  3,948
<INCOME-PRETAX>                                  1,687
<INCOME-PRE-EXTRAORDINARY>                       1,687
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,068
<EPS-PRIMARY>                                     0.21
<EPS-DILUTED>                                     0.21
<YIELD-ACTUAL>                                    3.23
<LOANS-NON>                                      8,399
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                13,967
<LOANS-PROBLEM>                                 10,394
<ALLOWANCE-OPEN>                                 8,077
<CHARGE-OFFS>                                      432
<RECOVERIES>                                       255
<ALLOWANCE-CLOSE>                                8,351
<ALLOWANCE-DOMESTIC>                             8,351
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          7,132