<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>                          12-MOS
<FISCAL-YEAR-END>                            DEC-31-1996
<PERIOD-END>                                 DEC-31-1996
<CASH>                                         1,327,507
<INT-BEARING-DEPOSITS>                            24,825
<FED-FUNDS-SOLD>                                 114,789
<TRADING-ASSETS>                                  26,376
<INVESTMENTS-HELD-FOR-SALE>                    2,872,051
<INVESTMENTS-CARRYING>                         5,422,093
<INVESTMENTS-MARKET>                           5,321,724
<LOANS>                                       17,386,059
<ALLOWANCE>                                      280,611
<TOTAL-ASSETS>                                27,767,271
<DEPOSITS>                                    21,629,531
<SHORT-TERM>                                   2,806,367
<LIABILITIES-OTHER>                              344,742
<LONG-TERM>                                      695,793
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                         134,637
<OTHER-SE>                                     2,156,201
<TOTAL-LIABILITIES-AND-EQUITY>                27,767,271
<INTEREST-LOAN>                                1,383,150
<INTEREST-INVEST>                                517,584
<INTEREST-OTHER>                                   6,262
<INTEREST-TOTAL>                               1,906,996
<INTEREST-DEPOSIT>                               659,034
<INTEREST-EXPENSE>                               853,707
<INTEREST-INCOME-NET>                          1,053,289
<LOAN-LOSSES>                                     64,034
<SECURITIES-GAINS>                                 3,862
<EXPENSE-OTHER>                                  815,591
<INCOME-PRETAX>                                  433,706
<INCOME-PRE-EXTRAORDINARY>                       283,675
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                     283,675
<EPS-PRIMARY>                                       1.69
<EPS-DILUTED>                                       1.69
<YIELD-ACTUAL>                                      4.21
<LOANS-NON>                                      139,130
<LOANS-PAST>                                      79,013
<LOANS-TROUBLED>                                       0
<LOANS-PROBLEM>                                   11,048
<ALLOWANCE-OPEN>                                 299,502
<CHARGE-OFFS>                                    108,307
<RECOVERIES>                                      23,231
<ALLOWANCE-CLOSE>                                280,611
<ALLOWANCE-DOMESTIC>                             147,387
<ALLOWANCE-FOREIGN>                                    0
<ALLOWANCE-UNALLOCATED>                          133,224
        


</TABLE>