<ARTICLE> 9 <CIK> 0000790183 <NAME> Progress Financial <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1.000 <CASH> 14,189 <INT-BEARING-DEPOSITS> 6,498 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 164,368 <INVESTMENTS-CARRYING> 12,401 <INVESTMENTS-MARKET> 12,547 <LOANS> 398,736 <ALLOWANCE> 4,490 <TOTAL-ASSETS> 647,382 <DEPOSITS> 406,518 <SHORT-TERM> 45,941 <LIABILITIES-OTHER> 16,894 <LONG-TERM> 121,475 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,263 <OTHER-SE> 37,291 <TOTAL-LIABILITIES-AND-EQUITY> 647,382 <INTEREST-LOAN> 35,468 <INTEREST-INVEST> 9,703 <INTEREST-OTHER> 158 <INTEREST-TOTAL> 45,329 <INTEREST-DEPOSIT> 14,466 <INTEREST-EXPENSE> 22,450 <INTEREST-INCOME-NET> 22,879 <LOAN-LOSSES> 959 <SECURITIES-GAINS> 533 <EXPENSE-OTHER> 22,676 <INCOME-PRETAX> 7,904 <INCOME-PRE-EXTRAORDINARY> 5,026 <EXTRAORDINARY> 0 <CHANGES> (46) <NET-INCOME> 4,980 <EPS-PRIMARY> 1.02 <EPS-DILUTED> 0.93 <YIELD-ACTUAL> 4.32 <LOANS-NON> 3,683 <LOANS-PAST> 4,030 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 3,863 <CHARGE-OFFS> 755 <RECOVERIES> 423 <ALLOWANCE-CLOSE> 4,490 <ALLOWANCE-DOMESTIC> 4,490 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0