<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 SEPTEMBER 30, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<RESTATED>
<MULTIPLIER>        1,000

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                           6,528
<INT-BEARING-DEPOSITS>                         242,487
<FED-FUNDS-SOLD>                                 1,550
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     22,605
<INVESTMENTS-CARRYING>                          39,703
<INVESTMENTS-MARKET>                            39,397
<LOANS>                                        274,260
<ALLOWANCE>                                      2,724
<TOTAL-ASSETS>                                 351,204
<DEPOSITS>                                     267,873
<SHORT-TERM>                                    51,060
<LIABILITIES-OTHER>                              1,381
<LONG-TERM>                                     15,580
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            20
<OTHER-SE>                                      15,290
<TOTAL-LIABILITIES-AND-EQUITY>                 351,204
<INTEREST-LOAN>                                 15,646
<INTEREST-INVEST>                                2,580
<INTEREST-OTHER>                                   121
<INTEREST-TOTAL>                                18,347
<INTEREST-DEPOSIT>                               8,609
<INTEREST-EXPENSE>                              10,639
<INTEREST-INCOME-NET>                            7,708
<LOAN-LOSSES>                                      950
<SECURITIES-GAINS>                                  49
<EXPENSE-OTHER>                                  5,182
<INCOME-PRETAX>                                  2,308
<INCOME-PRE-EXTRAORDINARY>                           0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,403
<EPS-PRIMARY>                                      .51
<EPS-DILUTED>                                      .46
<YIELD-ACTUAL>                                    8.77
<LOANS-NON>                                        378
<LOANS-PAST>                                        88
<LOANS-TROUBLED>                                     0<F1>
<LOANS-PROBLEM>                                      0<F1>
<ALLOWANCE-OPEN>                                 2,130
<CHARGE-OFFS>                                      410
<RECOVERIES>                                        54
<ALLOWANCE-CLOSE>                                2,724
<ALLOWANCE-DOMESTIC>                             2,140
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            584
<FN>
<F1>Only reported at year end.


</TABLE>