<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 1998 AND THE RELATED
STATEMENTS OF INCOME OF CHANGES IN STOCKHOLDERS' EQUITY AND OF CASH FLOWS FOR
YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          67,120
<SECURITIES>                                   162,317
<RECEIVABLES>                                  340,775
<ALLOWANCES>                                     4,767
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          11,509
<DEPRECIATION>                                   6,524
<TOTAL-ASSETS>                                 582,630
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        34,092
<OTHER-SE>                                       9,663
<TOTAL-LIABILITY-AND-EQUITY>                   582,630
<SALES>                                              0
<TOTAL-REVENUES>                                47,806
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                22,823
<LOSS-PROVISION>                                 1,805
<INTEREST-EXPENSE>                              13,315
<INCOME-PRETAX>                                  9,863
<INCOME-TAX>                                     3,995
<INCOME-CONTINUING>                              5,868
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,868
<EPS-PRIMARY>                                      .87
<EPS-DILUTED>                                      .84