<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>                          6-MOS
<FISCAL-YEAR-END>                            DEC-31-1997
<PERIOD-END>                                 JUN-30-1997
<CASH>                                         1,153,517
<INT-BEARING-DEPOSITS>                             6,879
<FED-FUNDS-SOLD>                                 143,497
<TRADING-ASSETS>                                  43,407
<INVESTMENTS-HELD-FOR-SALE>                    3,513,390
<INVESTMENTS-CARRYING>                         5,138,227
<INVESTMENTS-MARKET>                           5,072,035
<LOANS>                                       18,597,663
<ALLOWANCE>                                      294,066
<TOTAL-ASSETS>                                29,224,687
<DEPOSITS>                                    22,167,140
<SHORT-TERM>                                   3,332,234
<LIABILITIES-OTHER>                              330,485
<LONG-TERM>                                      910,766
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                         140,291
<OTHER-SE>                                     2,343,771
<TOTAL-LIABILITIES-AND-EQUITY>                29,224,687
<INTEREST-LOAN>                                  741,321
<INTEREST-INVEST>                                273,836
<INTEREST-OTHER>                                   2,988
<INTEREST-TOTAL>                               1,018,145
<INTEREST-DEPOSIT>                               338,221
<INTEREST-EXPENSE>                               451,315
<INTEREST-INCOME-NET>                            566,830
<LOAN-LOSSES>                                     30,600
<SECURITIES-GAINS>                                 2,206
<EXPENSE-OTHER>                                  388,275
<INCOME-PRETAX>                                  288,883
<INCOME-PRE-EXTRAORDINARY>                       187,540
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                     187,540
<EPS-PRIMARY>                                       1.07
<EPS-DILUTED>                                       1.07
<YIELD-ACTUAL>                                      4.28
<LOANS-NON>                                      110,177
<LOANS-PAST>                                      71,510
<LOANS-TROUBLED>                                       0
<LOANS-PROBLEM>                                   18,745
<ALLOWANCE-OPEN>                                 290,605
<CHARGE-OFFS>                                     42,782
<RECOVERIES>                                      15,643
<ALLOWANCE-CLOSE>                                294,066
<ALLOWANCE-DOMESTIC>                             147,366
<ALLOWANCE-FOREIGN>                                    0
<ALLOWANCE-UNALLOCATED>                          146,700
        


</TABLE>