<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONSOLIDATED STATEMENT OF FINANCIAL CONDITION OF PALFED, INC. AND 
SUBSIDIARIES AS OF DECEMBER 31, 1995 AND THE RELATED CONSOLIDATED STATEMENT
OF INCOME FOR THE YEAR THEN ENDED, AND IS QUALIFIED IN ITS ENTIRETY BY 
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                          15,471
<INT-BEARING-DEPOSITS>                           5,854
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     55,550
<INVESTMENTS-CARRYING>                          62,293
<INVESTMENTS-MARKET>                            63,570
<LOANS>                                        464,231
<ALLOWANCE>                                      8,417
<TOTAL-ASSETS>                                 646,024
<DEPOSITS>                                     496,746
<SHORT-TERM>                                    81,500
<LIABILITIES-OTHER>                              6,293
<LONG-TERM>                                     10,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        51,485
<OTHER-SE>                                           0
<TOTAL-LIABILITIES-AND-EQUITY>                 646,024
<INTEREST-LOAN>                                 40,677
<INTEREST-INVEST>                                9,493
<INTEREST-OTHER>                                   360
<INTEREST-TOTAL>                                50,530
<INTEREST-DEPOSIT>                              23,680
<INTEREST-EXPENSE>                              30,530
<INTEREST-INCOME-NET>                           20,000
<LOAN-LOSSES>                                    1,322
<SECURITIES-GAINS>                                 569
<EXPENSE-OTHER>                                 16,454
<INCOME-PRETAX>                                  6,402
<INCOME-PRE-EXTRAORDINARY>                       6,402
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,145
<EPS-PRIMARY>                                     0.80
<EPS-DILUTED>                                     0.80
<YIELD-ACTUAL>                                    3.26
<LOANS-NON>                                      8,391
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                12,210
<LOANS-PROBLEM>                                  9,355
<ALLOWANCE-OPEN>                                 8,213
<CHARGE-OFFS>                                    1,770
<RECOVERIES>                                       652
<ALLOWANCE-CLOSE>                                8,417
<ALLOWANCE-DOMESTIC>                             8,417
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          7,225