<TABLE> <S> <C>

<ARTICLE>                                         9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BERKSHIRE
BANCORP INC. QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED APRIL
30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER>                                           1,000

<S>                                                    <C>
<PERIOD-TYPE>                                          6-MOS
<FISCAL-YEAR-END>                                      OCT-31-1998
<PERIOD-END>                                           APR-30-1998
<CASH>                                                     107
<INT-BEARING-DEPOSITS>                                  66,900
<FED-FUNDS-SOLD>                                             0
<TRADING-ASSETS>                                             0
<INVESTMENTS-HELD-FOR-SALE>                                  0
<INVESTMENTS-CARRYING>                                       0
<INVESTMENTS-MARKET>                                         0
<LOANS>                                                      0
<ALLOWANCE>                                                  0
<TOTAL-ASSETS>                                          68,447
<DEPOSITS>                                                   0
<SHORT-TERM>                                                 0
<LIABILITIES-OTHER>                                      2,440
<LONG-TERM>                                                  0
<COMMON>                                                   256
<PREFERRED-MANDATORY>                                        0
<PREFERRED>                                                  0
<OTHER-SE>                                              65,751
<TOTAL-LIABILITIES-AND-EQUITY>                          68,447
<INTEREST-LOAN>                                              0
<INTEREST-INVEST>                                            0
<INTEREST-OTHER>                                         1,515
<INTEREST-TOTAL>                                         1,515
<INTEREST-DEPOSIT>                                           0
<INTEREST-EXPENSE>                                           0
<INTEREST-INCOME-NET>                                      610
<LOAN-LOSSES>                                                0
<SECURITIES-GAINS>                                      38,909
<EXPENSE-OTHER>                                            586
<INCOME-PRETAX>                                         39,867
<INCOME-PRE-EXTRAORDINARY>                              39,867
<EXTRAORDINARY>                                              0
<CHANGES>                                                    0
<NET-INCOME>                                            36,637
<EPS-BASIC>                                            17.23
<EPS-DILUTED>                                            16.23
<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>                                            0
<ALLOWANCE-DOMESTIC>                                         0
<ALLOWANCE-FOREIGN>                                          0
<ALLOWANCE-UNALLOCATED>                                      0



</TABLE>