<TABLE> <S> <C>

<ARTICLE>           9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
ALLEGIANT BANCORP, INC.'S QUARTERLY REPORT ON FORM 10-QSB FOR THE
QUARTER ENDED MARCH 31, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<RESTATED>
<MULTIPLIER>        1,000

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                          10,692
<INT-BEARING-DEPOSITS>                         231,024
<FED-FUNDS-SOLD>                                    25
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     20,851
<INVESTMENTS-CARRYING>                          39,572
<INVESTMENTS-MARKET>                            39,419
<LOANS>                                        314,267
<ALLOWANCE>                                      3,456
<TOTAL-ASSETS>                                 390,101
<DEPOSITS>                                     310,823
<SHORT-TERM>                                    41,275
<LIABILITIES-OTHER>                              2,204
<LONG-TERM>                                     13,663
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            28
<OTHER-SE>                                      22,108
<TOTAL-LIABILITIES-AND-EQUITY>                  22,136
<INTEREST-LOAN>                                  6,884
<INTEREST-INVEST>                                  913
<INTEREST-OTHER>                                    57
<INTEREST-TOTAL>                                 7,854
<INTEREST-DEPOSIT>                               3,565
<INTEREST-EXPENSE>                               4,374
<INTEREST-INCOME-NET>                            3,480
<LOAN-LOSSES>                                      493
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  2,303
<INCOME-PRETAX>                                  1,002
<INCOME-PRE-EXTRAORDINARY>                       1,002
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       601
<EPS-PRIMARY>                                      .20
<EPS-DILUTED>                                      .18
<YIELD-ACTUAL>                                    8.66
<LOANS-NON>                                        625
<LOANS-PAST>                                       268
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0<F1>
<ALLOWANCE-OPEN>                                 3,100
<CHARGE-OFFS>                                      141
<RECOVERIES>                                         4
<ALLOWANCE-CLOSE>                                3,456
<ALLOWANCE-DOMESTIC>                             2,489
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            967
<FN>
<F1>Only reported at year end.


</TABLE>