<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S BALANCE SHEET AS OF DECEMBER 31, 1998 AND STATEMENT OF EARNINGS FOR
THE YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1998
<CASH>                                           4,782
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                         158,738
<INVESTMENTS-MARKET>                           158,738
<LOANS>                                        115,628
<ALLOWANCE>                                     11,108
<TOTAL-ASSETS>                                 381,117
<DEPOSITS>                                           0
<SHORT-TERM>                                   233,766
<LIABILITIES-OTHER>                             84,908
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       166,961
<OTHER-SE>                                    (94,538)
<TOTAL-LIABILITIES-AND-EQUITY>                 381,117
<INTEREST-LOAN>                                 10,838
<INTEREST-INVEST>                               15,709
<INTEREST-OTHER>                                 1,145
<INTEREST-TOTAL>                                27,692
<INTEREST-DEPOSIT>                                   0
<INTEREST-EXPENSE>                              13,608
<INTEREST-INCOME-NET>                           14,084
<LOAN-LOSSES>                                   11,842
<SECURITIES-GAINS>                                 943
<EXPENSE-OTHER>                                  6,872
<INCOME-PRETAX>                               (56,388)
<INCOME-PRE-EXTRAORDINARY>                    (56,388)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (56,388)
<EPS-BASIC>                                     (4.94)
<EPS-DILUTED>                                   (4.94)
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                               11,108
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0