<TABLE> <S> <C>


<ARTICLE> 9
<LEGEND>
ON AUGUST 1, 1997, SUMMIT BANCORP. COMPLETED ITS ACQUISITION OF
COLLECTIVE BANCORP, INC.  THIS ACQUISITION WAS ACCOUNTED FOR AS
A POOLING OF INTEREST AND THE SUMMARY FINANCIAL INFORMATION HAS
BEEN RESTATED.
</LEGEND>
<MULTIPLIER> 1000
       
<S>                                    <C>
<PERIOD-TYPE>                          3-MOS
<FISCAL-YEAR-END>                            DEC-31-1997
<PERIOD-END>                                 MAR-31-1997
<CASH>                                         1,034,857
<INT-BEARING-DEPOSITS>                            13,457
<FED-FUNDS-SOLD>                                 243,395
<TRADING-ASSETS>                                  33,806
<INVESTMENTS-HELD-FOR-SALE>                    3,366,770
<INVESTMENTS-CARRYING>                         5,196,227
<INVESTMENTS-MARKET>                           5,015,456
<LOANS>                                       18,376,154
<ALLOWANCE>                                      290,471
<TOTAL-ASSETS>                                28,907,850
<DEPOSITS>                                    22,330,582
<SHORT-TERM>                                   2,948,117
<LIABILITIES-OTHER>                              395,392
<LONG-TERM>                                      835,744
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                         139,925
<OTHER-SE>                                     2,258,090
<TOTAL-LIABILITIES-AND-EQUITY>                28,907,850
<INTEREST-LOAN>                                  365,230
<INTEREST-INVEST>                                134,658
<INTEREST-OTHER>                                   1,426
<INTEREST-TOTAL>                                 501,314
<INTEREST-DEPOSIT>                               168,314
<INTEREST-EXPENSE>                               221,299
<INTEREST-INCOME-NET>                            280,015
<LOAN-LOSSES>                                     15,510
<SECURITIES-GAINS>                                 1,431
<EXPENSE-OTHER>                                  206,942
<INCOME-PRETAX>                                  126,963
<INCOME-PRE-EXTRAORDINARY>                        82,482
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                      82,482
<EPS-PRIMARY>                                       0.47
<EPS-DILUTED>                                       0.47
<YIELD-ACTUAL>                                      4.29
<LOANS-NON>                                      125,583
<LOANS-PAST>                                      76,429
<LOANS-TROUBLED>                                       0
<LOANS-PROBLEM>                                    7,502
<ALLOWANCE-OPEN>                                 290,605
<CHARGE-OFFS>                                     21,658
<RECOVERIES>                                       6,014
<ALLOWANCE-CLOSE>                                290,471
<ALLOWANCE-DOMESTIC>                             156,350
<ALLOWANCE-FOREIGN>                                    0
<ALLOWANCE-UNALLOCATED>                          134,121
        


</TABLE>