<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF PEOPLES BUILDING AND LOAN ASSOCIATION FOR THE YEARS ENDED DECEMBER
31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                          18,028
<INT-BEARING-DEPOSITS>                         733,720
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  1,318,817
<INVESTMENTS-CARRYING>                          20,944
<INVESTMENTS-MARKET>                            20,696
<LOANS>                                     19,346,326
<ALLOWANCE>                                     50,802
<TOTAL-ASSETS>                              21,988,681
<DEPOSITS>                                  19,846,117
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                             44,871
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   2,091,519
<TOTAL-LIABILITIES-AND-EQUITY>              21,988,681
<INTEREST-LOAN>                              1,493,551
<INTEREST-INVEST>                              100,907
<INTEREST-OTHER>                                51,443
<INTEREST-TOTAL>                             1,645,901
<INTEREST-DEPOSIT>                           1,091,908
<INTEREST-EXPENSE>                           1,106,619
<INTEREST-INCOME-NET>                          539,282
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                447,953
<INCOME-PRETAX>                                 98,544
<INCOME-PRE-EXTRAORDINARY>                      98,544
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    69,983
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<YIELD-ACTUAL>                                    7.43
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                51,729
<CHARGE-OFFS>                                      927
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                               50,802
<ALLOWANCE-DOMESTIC>                            50,802
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0