<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AS OF MARCH 31, 1997
(UNAUDITED) AND THE CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE THREE
MONTHS ENDED MARCH 31, 1997 (UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                          22,674
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                81,518
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  2,430,970
<INVESTMENTS-CARRYING>                       2,080,739
<INVESTMENTS-MARKET>                         2,041,758
<LOANS>                                      2,777,562
<ALLOWANCE>                                     14,024
<TOTAL-ASSETS>                               7,689,409
<DEPOSITS>                                   4,494,230
<SHORT-TERM>                                   455,000
<LIABILITIES-OTHER>                             70,310
<LONG-TERM>                                  2,085,477
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           264
<OTHER-SE>                                     584,128
<TOTAL-LIABILITIES-AND-EQUITY>               7,689,409
<INTEREST-LOAN>                                 54,000
<INTEREST-INVEST>                               75,073
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                               129,073
<INTEREST-DEPOSIT>                              47,559
<INTEREST-EXPENSE>                              79,617
<INTEREST-INCOME-NET>                           49,456
<LOAN-LOSSES>                                      500
<SECURITIES-GAINS>                                 378
<EXPENSE-OTHER>                                 25,869
<INCOME-PRETAX>                                 26,382
<INCOME-PRE-EXTRAORDINARY>                      15,434
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    15,434
<EPS-PRIMARY>                                     0.72
<EPS-DILUTED>                                     0.72
<YIELD-ACTUAL>                                    2.77
<LOANS-NON>                                     23,097
<LOANS-PAST>                                     5,208
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                  5,115
<ALLOWANCE-OPEN>                                14,089
<CHARGE-OFFS>                                    1,194
<RECOVERIES>                                       629
<ALLOWANCE-CLOSE>                               14,024
<ALLOWANCE-DOMESTIC>                            14,024
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0