<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS
FOUND IN THE COMPANY'S FORM 10K FOR THE YEAR 1997 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          72,575
<SECURITIES>                                    62,779
<RECEIVABLES>                                        0
<ALLOWANCES>                                     7,649
<INVENTORY>                                          0
<CURRENT-ASSETS>                               311,934
<PP&E>                                           4,252
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 443,891
<CURRENT-LIABILITIES>                          397,558
<BONDS>                                         12,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      5,750
<COMMON>                                        19,730
<OTHER-SE>                                       8,853<F1>
<TOTAL-LIABILITY-AND-EQUITY>                   443,891
<SALES>                                              0
<TOTAL-REVENUES>                                11,633
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 9,381
<LOSS-PROVISION>                                   510
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  1,742
<INCOME-TAX>                                       635
<INCOME-CONTINUING>                              1,107
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,107
<EPS-PRIMARY>                                      .36
<EPS-DILUTED>                                      .32
<FN>
<F1>INCLUDES UNREALIZED LOSS ON SECURITIES AFS OF 168
</FN>