<TABLE> <S> <C>

<ARTICLE>                     9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BERKSHIRE BANCORP INC. ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED
OCTOBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER>                                           1,000

<S>                                                    <C>
<PERIOD-TYPE>                                          YEAR
<FISCAL-YEAR-END>                                      OCT-31-1998
<PERIOD-END>                                           OCT-31-1998
<CASH>                                                          58
<INT-BEARING-DEPOSITS>                                      65,200
<FED-FUNDS-SOLD>                                                 0
<TRADING-ASSETS>                                                 0
<INVESTMENTS-HELD-FOR-SALE>                                      0
<INVESTMENTS-CARRYING>                                           0
<INVESTMENTS-MARKET>                                             0
<LOANS>                                                          0
<ALLOWANCE>                                                      0
<TOTAL-ASSETS>                                              66,830
<DEPOSITS>                                                       0
<SHORT-TERM>                                                     0
<LIABILITIES-OTHER>                                          1,364
<LONG-TERM>                                                      0
<COMMON>                                                       256
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<OTHER-SE>                                                  65,210
<TOTAL-LIABILITIES-AND-EQUITY>                              66,830
<INTEREST-LOAN>                                                  0
<INTEREST-INVEST>                                                0
<INTEREST-OTHER>                                             3,313
<INTEREST-TOTAL>                                             3,313
<INTEREST-DEPOSIT>                                               0
<INTEREST-EXPENSE>                                               0
<INTEREST-INCOME-NET>                                        3,313
<LOAN-LOSSES>                                                    0
<SECURITIES-GAINS>                                          38,909
<EXPENSE-OTHER>                                              1,066
<INCOME-PRETAX>                                             41,200
<INCOME-PRE-EXTRAORDINARY>                                  41,200
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                                37,627
<EPS-BASIC>                                                17.70
<EPS-DILUTED>                                                16.66
<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>