<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-31-1994
<PERIOD-END>                                 DEC-31-1994
<CASH>                                         1,254,506
<INT-BEARING-DEPOSITS>                            18,822
<FED-FUNDS-SOLD>                                  56,600
<TRADING-ASSETS>                                  34,870
<INVESTMENTS-HELD-FOR-SALE>                    1,339,725
<INVESTMENTS-CARRYING>                         7,071,341
<INVESTMENTS-MARKET>                           6,672,271
<LOANS>                                       15,048,579
<ALLOWANCE>                                      323,336
<TOTAL-ASSETS>                                25,484,073
<DEPOSITS>                                    19,981,071
<SHORT-TERM>                                   2,451,154
<LIABILITIES-OTHER>                              320,667
<LONG-TERM>                                      917,736
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                       50,008
<COMMON>                                         123,770
<OTHER-SE>                                     1,639,667
<TOTAL-LIABILITIES-AND-EQUITY>                25,484,073
<INTEREST-LOAN>                                1,080,046
<INTEREST-INVEST>                                487,852
<INTEREST-OTHER>                                   4,472
<INTEREST-TOTAL>                               1,572,370
<INTEREST-DEPOSIT>                               464,033
<INTEREST-EXPENSE>                               599,732
<INTEREST-INCOME-NET>                            972,638
<LOAN-LOSSES>                                     94,347
<SECURITIES-GAINS>                                 4,954
<EXPENSE-OTHER>                                  758,355
<INCOME-PRETAX>                                  337,662
<INCOME-PRE-EXTRAORDINARY>                       215,648
<EXTRAORDINARY>                                        0
<CHANGES>                                         (1,731)
<NET-INCOME>                                     213,917
<EPS-PRIMARY>                                       1.37
<EPS-DILUTED>                                       1.37
<YIELD-ACTUAL>                                      4.42
<LOANS-NON>                                      206,943
<LOANS-PAST>                                      59,780
<LOANS-TROUBLED>                                   2,920
<LOANS-PROBLEM>                                   34,614
<ALLOWANCE-OPEN>                                 363,229
<CHARGE-OFFS>                                    119,546
<RECOVERIES>                                      22,258
<ALLOWANCE-CLOSE>                                323,336
<ALLOWANCE-DOMESTIC>                             217,476
<ALLOWANCE-FOREIGN>                                    0
<ALLOWANCE-UNALLOCATED>                          105,860
        


</TABLE>