<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
YEAR ENDED DECEMBER 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH REPORT.
</LEGEND>
<RESTATED>
<MULTIPLIER>        1,000

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                           7,554
<INT-BEARING-DEPOSITS>                          29,406
<FED-FUNDS-SOLD>                                10,775
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     22,073
<INVESTMENTS-CARRYING>                          38,487
<INVESTMENTS-MARKET>                            38,540
<LOANS>                                        291,926
<ALLOWANCE>                                      3,100
<TOTAL-ASSETS>                                 377,564
<DEPOSITS>                                     308,670
<SHORT-TERM>                                    36,137
<LIABILITIES-OTHER>                              1,708
<LONG-TERM>                                     14,663
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            23
<OTHER-SE>                                      16,363
<TOTAL-LIABILITIES-AND-EQUITY>                 377,564
<INTEREST-LOAN>                                 21,740
<INTEREST-INVEST>                                3,477
<INTEREST-OTHER>                                   151
<INTEREST-TOTAL>                                25,368
<INTEREST-DEPOSIT>                              12,060
<INTEREST-EXPENSE>                              14,999
<INTEREST-INCOME-NET>                           10,369
<LOAN-LOSSES>                                    1,448
<SECURITIES-GAINS>                                  49
<EXPENSE-OTHER>                                  7,019
<INCOME-PRETAX>                                  2,983
<INCOME-PRE-EXTRAORDINARY>                       2,983
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,808
<EPS-PRIMARY>                                      .66
<EPS-DILUTED>                                      .58
<YIELD-ACTUAL>                                    3.50
<LOANS-NON>                                        400
<LOANS-PAST>                                       292
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,130
<CHARGE-OFFS>                                      545
<RECOVERIES>                                        67
<ALLOWANCE-CLOSE>                                3,100
<ALLOWANCE-DOMESTIC>                             2,252
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            848


</TABLE>