<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION ENTRACTED FROM THE
FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL YEAR ENDED 12/31/98 FILED ON
FORM 10-KSB, AND IS QUALIFED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
<S>                                             <C>
<PERIOD-TYPE>                                  12-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   DEC-31-1998
<CASH>                                             3,640
<INT-BEARING-DEPOSITS>                         7,977,209
<FED-FUNDS-SOLD>                                       0
<TRADING-ASSETS>                                       0
<INVESTMENTS-HELD-FOR-SALE>                            0
<INVESTMENTS-CARRYING>                                 0
<INVESTMENTS-MARKET>                                   0
<LOANS>                                                0
<ALLOWANCE>                                            0
<TOTAL-ASSETS>                                 8,435,631
<DEPOSITS>                                             0
<SHORT-TERM>                                           0
<LIABILITIES-OTHER>                              240,888
<LONG-TERM>                                            0
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                       4,391,720
<OTHER-SE>                                     3,803,023
<TOTAL-LIABILITIES-AND-EQUITY>                 8,435,631
<INTEREST-LOAN>                                        0
<INTEREST-INVEST>                                      0
<INTEREST-OTHER>                                 122,226
<INTEREST-TOTAL>                                 122,226
<INTEREST-DEPOSIT>                                     0
<INTEREST-EXPENSE>                                40,157
<INTEREST-INCOME-NET>                             82,069
<LOAN-LOSSES>                                          0
<SECURITIES-GAINS>                                     0
<EXPENSE-OTHER>                                  499,512
<INCOME-PRETAX>                                 (417,443)
<INCOME-PRE-EXTRAORDINARY>                      (417,443)
<EXTRAORDINARY>                                        0
<CHANGES>                                        (63,175)
<NET-INCOME>                                    (480,618)
<EPS-PRIMARY>                                       (.55)
<EPS-DILUTED>                                       (.55)
<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>