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                                   EXHIBIT 11

                  STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE FOR 1993

                                                           
(Dollars in Thousands)                                                               1993
                                                                                     ----
                                                                               
        Primary:                                                    
                                                                    
                 Weighted average shares and common                 
                 stock equivalents                                                29,472,201
                                                                    
                 Net Income                                                          $36,955
                                                                    
                                                                    
                 Less Preferred Stock Dividend                      
                 Net of Tax                                                            3,524
                                                                    
                 Income Available to Common                         
                 Shareholders                                                        $33,431
                                                                    
Primary Earnings Per Common Share                                                      $1.13
                                                                    
                                                                    
        Fully Diluted:                                              
                                                                    
                 Weighted average shares and common                 
                 stock equivalents from above                                     29,472,201
                                                                    
                 Adjustments (primarily assumed con-                
                 version of convertible preferred                   
                 stock)                                                            2,511,010
                                                                                  ----------
                                                                                  31,983,211
                                                                    
                                                                    
                                                                    
                 Net Income                                                          $36,955
                                                                    
                 Additional ESOP Contribution,                      
                 Net of Tax                                                            2,174
                                                                    
                 Adjusted Net Income                                                 $34,781
                                                                    
                 Fully Diluted Earnings Per Common Share                               $1.09