SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                              FORM 10-Q

(Mark One)
[ X ] Quarterly Report Pursuant to Section 13 or 15 (d) of the
      Securities Exchange Act of 1934 

             FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1998

                                 or

[   ] Transition Report Pursuant to Section 13 or 15(d) of the
      Securities Exchange Act of 1934

            For the transition period from ______ to ______

                   Commission file number 0-11026

                    SOUTHWEST NATIONAL CORPORATION
     (Exact name of registrant as specified in its charter)

       PENNSYLVANIA                                   25-1409649
(State or other jurisdiction of                  (I.R.S. Employer 
 incorporation or organization)                   Identification No.)


                       111 SOUTH MAIN STREET
                  GREENSBURG, PENNSYLVANIA  15601
              (Address of principal executive offices)
                            (Zip Code)

  Registrant's telephone number, including area code: (724)834-2310


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past
90 days. [X] Yes  [ ] No.

Indicate the number of shares outstanding of each of the issuer's
common stock, as of the latest practicable date.

           Class                      Outstanding at August 12, 1998
Common Stock, $2.50 Par Value                       3,043,738

<PAGE>

<TABLE>
                      SOUTHWEST NATIONAL CORPORATION
                              FORM 10-Q INDEX
                      FOR QUARTER ENDED JUNE 30, 1998

<CAPTION>
                                                                PAGE
<S>      <C>                                                    <C> 
PART I.  FINANCIAL INFORMATION

         Item 1.  Financial Statements (Unaudited)

                  Southwest National Corporation and Subsidiary
                  Consolidated Statement of Income                 1 
                  Consolidated Balance Sheet                       2 
                  Consolidated Statement of Changes in 
                   Shareholders' Equity                            3 
                  Consolidated Statement of Cash Flows             4 
                  Notes to Consolidated Financial Statements       5
 
         Item 2.  Management's Discussion and Analysis of
                   Financial Condition and Results of Operations 6-8 

         Item 3.  Quantitative and Qualitative Disclosures About
                   Market Risk                                     8


PART II. OTHER INFORMATION

         Item 6.  Exhibits and Reports on Form 8-K                 8


SIGNATURES                                                         9

<PAGE>
PART I.  FINANCIAL INFORMATION
         Item 1.   Financial Statements


</TABLE>
<TABLE>
                      SOUTHWEST NATIONAL CORPORATION AND SUBSIDIARY
                              CONSOLIDATED STATEMENT OF INCOME
                                       (Unaudited)    
                         (in thousands, except per share amounts)

<CAPTION>
THREE MONTHS                                              SIX MONTHS
ENDED JUNE 30,                                          ENDED JUNE 30,
1998     1997                                           1998     1997
----     ----                                           ----     ----
<S>     <C>       <C>                                   <C>      <C>
                  INTEREST INCOME
$10,581 $10,654   Interest and fees on loans            $21,293  $20,899
                  Interest on money market investments:
      1       1     Interest bearing deposits with banks      2        4
    455     102     Federal funds sold                      881      361
                  Interest and dividends on investment
                    securities:  
                    U.S. Treasury securities and 
                    obligations of U.S. government
  1,814   1,812     agencies and corporations             3,267    3,577
                    Obligations of states and political
    265     290     subdivisions                            523      575
    546     861     Collateralized mortgage obligations   1,213    1,768
    849      42     Other securities                        894       83
---------------                                          ---------------
 14,511  13,762          Total interesst income          28,073   27,267

                  INTEREST EXPENSE
  5,284   5,251   Interest on deposits                   10,522   10,375
                  Interest on securities sold under  
     59      55    agreements to repurchase                 107      167
                  Interest on Federal Home Loan Bank
    727      38    advances                                 800      121
---------------                                           ---------------
 6,070   5,344          Total interest expense           11,429   10,663
---------------                                          ---------------
 8,441   8,418          Net interest income              16,644   16,604
   675     645    Provision for possible loan losses      1,350    1,095
---------------                                          ---------------
                         Net interest income after
                         provision for possible loan 
 7,766   7,773           losses                          15,294   15,509

                  NONINTEREST INCOME
   448     441    Trust income                              924      827
   856     659    Service charges on deposit accounts     1,649    1,239
                  Other service charges, commissions
   146     162    and fees                                  299      328
   107      87    Other income                              188      238
---------------                                          ---------------
 1,557   1,349           Total noninterest income         3,060    2,632

                  NONINTEREST EXPENSE
 2,851   2,781    Salaries and employee benefits          5,738    5,625
   466     500    Net occupancy expense                     925      984
                  Equipment expenses and data 
   905     898    processing fees                         1,784    1,709
   190     178    Pennsylvania shares tax                   381      355
    23      25    FDIC insurance expense                     47       48
 1,631   1,219    Other expenses                          3,216    2,561
---------------                                           --------------
 6,066   5,601           Total noninterest expense       12,091   11,282
---------------                                           --------------
 3,257   3,521    Income before income taxes              6,263    6,859
   953   1,057    Income taxes                            1,795    2,055
---------------                                           --------------
$2,304  $2,464    NET INCOME                             $4,468   $4,804
===============                                          ===============
                  Per basic share (based on 3,055,875 
                  average common shares in 1998 and
                  3,108,569 in 1997)
$ 0.75   $0.80   Net income                               $1.46    $1.55
  0.35    0.32   Cash dividends                            0.70     0.64
<FN>
See accompanying notes to consolidated financial statements
</FN>
</TABLE>

<PAGE>   1


<TABLE>

                SOUTHWEST NATIONAL CORPORATION AND SUBSIDIARY
                         CONSOLIDATED BALANCE SHEET
                                (Unaudited
                               (in thousands)
<CAPTION>
                                                                              
                                    June 30,    December 31,    June 30,
                                      1998         1997           1997
                                   ---------   ------------    --------
<S>                                <C>          <C>            <C>
ASSETS
 Cash and due from banks             $25,594       $22,391      $24,205
 Money market investments:
   Int. bearing deposits with banks       57            55           59
   Federal funds sold                 31,400        27,000       11,200
                                    -----------------------------------
   Total money market investments:    31,457        27,055       11,259
 Investment securities:
   Securities available for sale     243,250       109,287      139,991
   Securities held to maturity
   (market values: $34,723;
   $49,625 and $56,155)               34,824        49,817       56,572
                                    -----------------------------------
   Total investment securities       278,074       159,104      196,563

 Loans, net of unearned income of 
       $3; $15 and $57               489,527       515,434      496,497
 Less: reserve for possible 
       loan losses                    (6,064)       (6,166)      (5,851)
                                      ----------------------------------
   Loans, net                        483,463       509,268      490,646

 Bank premises and equipment           9,157         8,953        8,487
 Other assets                         13,661        12,471       12,474
                                     ----------------------------------
   Total assets                     $841,406      $739,242     $743,634
                                    ===================================

LIABILITIES
 Deposits
 Noninterest bearing demand         $111,572      $109,139     $109,306
 NOW accounts                         33,759        33,176       32,612
 Savings                             233,199       233,960      247,942
 Time                                267,106       265,590      255,869
                                     ----------------------------------
          Total deposits             645,636       641,865      645,729

 Securities sold under agreements
 to repurchase                         5,796         4,531        7,613
 Federal Home Loan Bank borrowings   100,000         5,000        5,000
 Other liabilities                     5,958         5,357        4,594
                                     ----------------------------------
   Total liabilities                 757,390       656,753      662,936

SHAREHOLDERS EQUITY
 Common stock ($2.50 par value)
  Authorized 5,000,000 shares
  Issued 3,180,787 shares              7,952         7,952        7,952
 Surplus                              31,760        31,760       31,760
 Retained earnings                    49,424        47,093       44,948
 Treasury stock of 137,049; 
  115,877 and 97,345 shares, at cost  (5,902)       (4,840)      (4,026)
 Accumulated other comprehensive 
  income                                 782           524           64 
                                     ----------------------------------
   Total shareholders' equity         84,016        82,489       80,698
                                     ----------------------------------
   Total liabilities and 
   shareholders' equity             $841,406      $739,242     $743,634
                                    ===================================
<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>

<PAGE 2>

<TABLE>
                      SOUTHWEST NATIONAL CORPORATION AND SUBSIDIARY
                CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
                                     (Unaudited)             
                                    (in thousands)
<CAPTION> 
                                                                                                          
                                                                        Accumulated other     Total
                      Common          Retained  Treasury  Comprehensive  comprehensive    Shareholders'
                      stock  Surplus  earnings   stock       Income           Income         equity
                      ------ -------  --------  --------  ------------- ----------------- -------------

<S>                   <C>    <C>      <C>       <C>       <C>           <C>               <C>
Balance at 
 January 1, 1997      $7,952 $31,760  $42,132   ($1,800)     $ ---              $120          $80,164
Comprehensive income:
Net income              --      --      4,804       --         4,804            --              4,804
Other comprehensive
 income, net of tax
 Unrealized losses on
  securities            --      --        --        --           (56)            (56)             (56)
                                                          -------------
Total comprehensive 
 income                 --      --        --        --       $ 4,748
                                                          =============
Cash dividends          --      --     (1,988)      --                            --           (1,988)
Purchase of treasury
 stock                  --      --        --     (2,226)                          --           (2,226)
                      ------------------------------------             ----------------------------------
Balance at June 30, 
 1997                 $7,952  $31,760   $44,948 ($4,026)                         $64          $80,698
                      ====================================             ==================================
Balance at January 1,
 1998                 $7,952  $31,760   $47,093 ($4,840)         $--            $524          $82,489
Comprehensive income:
Net income               --      --       4,468    --           4,468              --            4,468
Other comprehensive 
 income, net of tax
 Unrealized gains on
 securities              --      --         --     --             258            258              258
                                                          -----------
Total comprehensive 
 income                  --      --         --     --          $4,726
                                                          ===========
Cash dividends           --      --      (2,137)   --                              --           (2,137)
Purchase of treasury 
 stock                   --      --         --  (1,062)                            --           (1,062)
                     ----------------------------------                --------------------------------
Balance at June 30,
 1998                $7,952   $31,760   $49,424 ($5,902)                        $782           $84,016
                     ===================================               ================================


Disclosure of reclassification amount (1997):
Unrealized holding gains (losses) arising during the period                                       ($58)
Less: reclassification adjustment for losses included in net income                                  2
                                                                                                -------
Unrealized loss on securities                                                                     ($56)
                                                                                                =======

Disclosure of reclassification amount (1998):
Unrealized holding gains (losses) arising during the period                                       $259 
Less: reclassification adjustment for losses included in net income                                 (1)
                                                                                                =======
Unrealized gain on securities                                                                     $258
                                                                                                =======

<FN>
See accompanying notes to consolidated financial statements
</FN>
</TABLE>
<PAGE 3>

<TABLE>
                   SOUTHWEST NATIONAL CORPORATION AND SUBSIDIARY
                       CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (Unaudited)
                                 (in thousands)
<CAPTION>
                                                                 Six months 
                                                               ended June 30,
                                                             1998         1997
                                                             ----         ----
<S>                                                        <C>          <C>
Cash flows from operating activities:
Net income                                                 $4,468        $4,804
Adjustments to reconcile net income to net 
cash from operating activities:
     Depreciation                                             657           639
     Provision for loan losses                              1,350         1,095
     Increase (decrease) from net interest
       receivable/payable                                     112          (516)
     Decrease (increase) in prepaid assets                      7          (718)
     Net decrease from other operating activities            (130)         (353)
                                                           -------       -------
           Net cash from operating activities               6,464         4,951

Cash flows from investing activities:
     Proceeds from sales and maturities of inv. 
     securities available for sale                         30,989        21,490
     Purchase of investment securities
     available for sale                                  (164,588)      (26,385)
     Proceeds from maturities of inv. 
     securities held to maturity                           14,995         5,495
     Investment in limited partnerships                       (633)            0 
     Net (increase) decrease in loans                      24,403        (8,535)
     Net property and equipment expenditures                 (861)       (1,037)
                                                           -------       -------
           Net cash used for investing activities         (95,695)       (8,972)

Cash flows from financing activities:
     Net increase (decrease) in deposits                    3,771)       (5,599)
     Net increase in securities sold under agr. to
       repurchase                                           1,265           802
     Proceeds from Federal Home Loan Bank advances        100,000         5,000
     Repayment of Federal Home Loan Bank advances          (5,000)      (11,907)
     Dividends paid                                        (2,138)       (1,988)
     Purchase of treasury stock                            (1,062)       (2,226)
                                                          --------      -------
           Net cash from (used for) financing activities   96,836       (15,918)
                                                          --------      -------
           Net change in cash and cash equivalents        $ 7,605      ($19,939)
                                                         =========      =======

Cash and cash equivalents at beginning of period          $49,446       $55,403
Cash and cash equivalents at end of period                 57,051        35,464
                                                          -------       -------
           Net change in cash and cash equivalents        $ 7,605      ($19,939)
                                                          =======      =========
Cash paid during the period for:
    Interest                                               $7,144        $7,425
    Income taxes                                            2,134         2,182
<FN>
<F1>Transfers from loans to other real estate owned and other repossessions      
    totaled $1.063 million and $1.058 million in 1998 and 1997, respectively.

<F2>The Corporation has defined cash and cash equivalents as cash and due from   
    banks, certain interest bearing deposits with banks, and federal funds sold
    with an original maturity of less than three months.

<F3>See accompanying notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>   4


SOUTHWEST NATIONAL CORPORATION 
AND SUBSIDIARY


PART I.   FINANCIAL INFORMATION


                  Notes to Consolidated Financial Statements


1.   Summary of Significant Accounting Policies

     Significant accounting policies have not changed since the last
reporting period, except for the reporting of comprehensive income
which is discussed in Note 3.

     Basis of Presentation

     The accompanying unaudited consolidated financial statements of
Southwest National Corporation (the Corporation) include the accounts
of the Corporation and its wholly-owned subsidiary, Southwest National
Bank of Pennsylvania (the Bank).  All significant intercompany
accounts and transactions have been eliminated in the consolidated
financial statements.  Certain items previously reported have been
reclassified to conform with the current year's classifications.  In
the opinion of management, all normal recurring adjustments necessary
for fair presentation of the financial position and results of 
operations for the periods have been included.  


2.   Investment Securities

     Investment securities are classified as follows:  debt securities
that the Corporation has the positive intent and ability to hold to
maturity are classified as securities held to maturity and reported at
amortized cost; debt and equity securities bought and held principally
for the purpose of selling them in the near term are classified as
trading securities and reported at fair value, with unrealized gains
and losses included in the current period earnings; or debt and equity
securities not classified as either securities held to maturity or
trading securities are classified as securities available for sale and
reported at fair value, with unrealized gains and losses reported as a
separate component of other comprehensive income.  A $782,000, net of
tax, unrealized gain on securities classified as available for sale at
June 30, 1998, was recorded as accumulated other comprehensive income .


3.   Adoption of New Accounting Standards

     On January 1, 1998, the Corporation adopted Statement of
Accounting Standards (FAS) No. 130 "Reporting Comprehensive Income." 
FAS No. 130 requires reporting of comprehensive income by its
components and in total in the financial statements.  Comprehensive
income is defined as the change in equity of a business enterprise
during a period from transactions and other events and circumstances
from nonowner sources.  It includes all changes in equity during a
period except those resulting from investments by owners and
distributions to owners.  Comprehensive income for the Corporation
includes net income and unrealized gains and losses on securities
available for sale.  The adoption of this statement did not have a
material effect on the Corporation's financial position or results of
operations.

<PAGE>5

Part I.  FINANCIAL INFORMATION  (continued)

Item 2.  Management's Discussion and Analysis of Financial Condition
and Results of Operations.

FIRST SIX MONTHS OF 1998 COMPARED TO FIRST SIX MONTHS OF 1997

     Net income for the first six months of 1998 was $4,468,000, a
decline of $336,000 (7.0%), compared to the same period of 1997. 
Basic earnings per share declined to $1.46 in 1998 from $1.55 in 1997,
a 5.8% decrease.  Return on average assets slipped to 1.16% for the
current period compared to 1.33% achieved in the same period last year.  
Return on average equity also dropped settling at 11.09% for
the first six months of 1998, down from the 12.47% reported for the
first six months of 1997.

     The decline in earnings is attributable to a higher provision for
loan losses and increased noninterest expense partially offset by
higher noninterest income.

     Net interest income on a fully taxable equivalent basis amounted
to $17,053,000 for the first half of 1998, basically unchanged from
last year.  Excluding the taxable equivalent adjustment, interest
income also was flat amounting to $16,644,000 for the period compared
to $16,604,000 registered in 1997.  Average earning assets rose to
$732,550,000 for the period up $24,219,000 (3.4%) compared to the same
period in 1997.  The net interest margin contracted to 4.66% in 1998
compared to the 4.80% achieved in 1997.  The decline in the margin is
due primarily to slightly lower yields on earning assets coupled with
higher funding costs.

     The provision for loan losses increased $255,000 (23.3%) compared
to last year.  This rise is primarily the result of higher consumer
loan charge-offs in the indirect auto portfolio.

     Noninterest income jumped $428,000 (16.3%) amounting to
$3,060,000 for the first six months of 1998.  Service charges on
deposit accounts climbed $410,000 (33.1%) period to period.  This rise
is the direct result of adjustments made to the fee structure based on
a comprehensive review conducted by management in 1997.  Trust income
rose $97,000 (11.7%) as other income declined $50,000 compared to last
year.

     Noninterest expense climbed $809,000 (7.2%) to $12,091,000 for
the first six months of 1998.  Salaries and employee benefits rose
only $113,000 (2.0%) as higher salary expense and a reduction in the
deferral of expenses due to a changing loan mix were partially offset
by lower benefit costs.  Other expenses increased to $3,216,000 for
the period up $655,000 (25.6%).  Increases in several categories
contributed to this rise and included: professional fees $294,000
(related to costs associated with the Bank's ongoing organizational
and strategic development initiatives); marketing up $59,000 and
subscriptions and services up $56,000.  Also, impacting the period to
period change in this category was an adjustment of $185,000 regarding
the initial recording of the supplies inventory as an asset in 1997.

     At June 30, 1998 assets totaled $841,406,000 up $97,772,000
(13.1%) compared to June 30, 1997.  During the same period, loans
slipped $6,970,000 (1.4%), while investment securities rose
$81,511,000 (41.5%).  This increase in investment securities is the
result of the Corporation's strategic repositioning of its earning
asset mix to overcome the lack of loan growth and assure income
stability.  Deposits were flat period to period as Federal Home Loan
Bank (FHLB) borrowings rose $95,000,000.

     Shareholders' equity at June 30, 1998 reached $84,016,000 up
$3,318,000 (4.1%) over June 30, 1997.  The other comprehensive income
component of shareholders' equity includes an unrealized gain on
securities net of tax of $782,000 and $64,000 at June 30, 1998 and
June 30, 1997 respectively.  Total capital as a percentage of risk-weighted 
assets was 18.26% up from the 17.52% at June 30, 1997.  The corporation's 
leverage capital ratio declined to 10.43% at June 30, 1998.

     The reserve for loan losses totaled $6,064,000 at June 30, 1998
up $213,000 (3.6%) from June 30, 1997.  Nonperforming assets rose to
$3,019,000 at June 30, 1998 from $2,347,000 at June 30, 1997 due
primarily to a higher level of nonaccrual loans, up $560,000 in the
current period.  Loans past due 90 days or more also rose totaling
$2,167,000 compared to $1,350,000 for the prior period.  The ratio of
nonperforming loans to loans was 0.55% at June 30, 1998, up 

<PAGE>6

from 0.43% at June 30, 1997.  Net charge-offs increased to $1,452,000 from
$1,154,000 and is the result of increased consumer loan charge-offs in the
indirect automobile portfolio.  Credit concerns peaked in the fourth
quarter of 1997, but the trend has generally been positive and improving 
over the first six months of 1998.

     The Bank has identified several internal sources available for
liquidity management.  First and foremost is the Bank's core deposit
base, consisting of deposits from customers with long-standing
relationships with the Bank.  Substantial internal funding can also be
derived from the Bank's investment portfolio.  The portfolio provides
liquidity through the sale of available for sale securities and
cash flows derived from maturities.  In addition to internal funding
sources, the Bank has numerous external funding sources.  These
sources provide ample funding to meet short and long-term needs.

     The Corporation is subject to a number of asserted and
unasserted potential claims encountered in the normal course of
business.  In the opinion of management and legal counsel, the
resolution of these claims is not expected to have a material effect
on the Corporation's financial position, liquidity or results of
operations.


YEAR 2000 UPDATE

     The Corporation is aware of the issues associated with the programming 
code in existing computer systems as the millennium, "year 2000," approaches.
A team comprised of representatives from all areas of the organization has 
conducted a comprehensive review of the Corporation's computer systems.  All
systems that could be affected by year 2000 issues have been identified and
implementation plans have been developed to address those issues.  The 
Corporation relies on external processing vendors for all of its core data
processing requirements.  These vendor's systems are scheduled to be renovated
or replaced during 1998 with testing to be completed by December 31, 1998. A
contingency plan is being developed to address potential failures by critical
suppliers and service providers to minimize vulnerability to those parties
failure to remediate their own year 2000 issues.  This plan is targeted for
completion by September 30, 1998.  Although the Corporation's estimates for
total year 2000 project costs and estimated times for completion are subject
to certain risks and uncertainties, as of June 30, 1998, the Corporation 
estimates that expenditures for year 2000 issues will not have a material
impact on the Corporation's financial condition or results of operations.


SECOND QUARTER 1998 COMPARED TO SECOND QUARTER 1997

     Net income for the second quarter of 1998 declined to $2,304,000,
a $160,000 (6.5%) decrease under the same period last year.  Basic
earnings per share were $0.75 in 1998 compared to $0.80 in 1997, a
6.3% decrease.  The decrease in earnings period-to-period primarily
resulted from higher noninterest expense up $465,000 (8.3%) partially
offset by improved noninterest income up $208,000 (15.4%).

     Net interest income on a fully taxable equivalent basis remained
steady period to period reaching $8,652,000 in the second quarter of
1998.  Excluding the taxable equivalent adjustment, net interest
income was also relatively unchanged period-to-period.

     The net interest margin slipped 33 basis points to 4.56% for the
quarter compared to 4.89% in the second quarter of 1997.  The decline
in the margin has resulted from decreased yields on earning assets
working in tandem with increased funding costs as loan and deposit
growth has been limited.  Average earning assets rose to $759,082,000
for the period, an increase of $53,947,000 (7.7%) in comparison to the
same period last year which helped to maintain the level of net
interest income.

     The provision for possible loan losses rose $30,000 compared to
the same period last year.  Although the provision remains at higher
than historical levels, the trend of net charge-offs has continued to
improve since peaking in the fourth quarter of 1997.

     Noninterest income grew sharply for this quarter reaching 
$1,557,000 an increase of $208,000 (15.4%).  Service charges on
deposit accounts rose $197,000 (29.9%) as the other categories
declined or remained relatively flat compared to the second quarter of
1997.

     Noninterest expense increased $465,000 (8.3%) for the quarter. 
Salaries and employee benefits rose only $70,000 (2.5%).  The other 
expenses category increased $412,000 (33.8%) compared to the same quarter 
last year.  Increased professional fees, up $140,000, combined with the
adjustment pertaining to the supplies inventory recorded in 1997,
$185,000 account for the majority of the year-to-year rise.


SECOND QUARTER 1998 COMPARED TO FIRST QUARTER 1998

     Net income for the second quarter of 1998 was $2,304,000 compared
to $2,164,000 for the first quarter of the year, a $140,000 (6.5%)
rise.  Basic earnings per share rose to $0.75 from $0.71.  Higher net
interest income was the primary contributor to the improved quarter to
quarter results.

     Net interest income calculated on a fully taxable equivalent
basis rose to $8,652,000, an increase of $251,000 (3.0%).  Excluding
the taxable equivalent adjustment, net interest income rose to
$8,441,000, an increase of $238,000 

<PAGE>7

(2.9%) over the first quarter of 1998.  A higher level of average earning 
assets, up $53,359,000 (7.6%), offset in part by the 21 basis point drop in 
the net interest margin helped to power the increase in net interest income 
from the first to the second quarter of 1998.  

     Noninterest income rose $54,000 (3.6%) period to period.  Trust
income decreased $28,000 (6.3%) as service charges on deposits rose
$63,000 (7.9%).

     Noninterest expense increased slightly to $6,066,000 a $41,000
(less than one percent) rise as all categories registered minimal
changes quarter to quarter.


BALANCE SHEET COMPARISON JUNE 30, 1998 to DECEMBER 31, 1997

     Total assets rose to $841,406,000 at June 30, 1998, a  
$102,164,000 (13.8%) rise from $739,242,000 at December 31, 1997. 
Investment securities jumped $118,970,000 (74.8%) to $278,074,000 at
June 30, 1998 as loans fell $25,907,000 (5.0%) over the same period. 
The primary source of funding supporting this asset growth was FHLB 
borrowings which rose $95,000,000 as deposits increased only
slightly period to period.  Shareholders' equity rose $1,527,000
(1.9%) over the period reaching $84,016,000 at June 30, 1998.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

     There has been no material change in market risk since the end of
the most recent fiscal year.  The Corporation continues to monitor
interest rate risk on a monthly basis using earnings simulation
modeling.  Management continues to maintain a risk position well
within the policy guideline range.


Part II.  OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K
         a.)Exhibit 27: Financial Data Schedule

         b.)Reports on Form 8-K                
             Form 8-K dated July 15, 1998 reporting the signing by the 
             Corporation of a definitive agreement to be acquired by   
             First Commonwealth Financial Corporation.

<PAGE>8       
                               SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                    Southwest National Corporation
                                ---------------------------------------
                                               (Registrant)



 August 12, 1998                          /s/ David S. Dahlmann
-----------------               --------------------------------------- 
     Date                                     David S. Dahlmann
                                   President and Chief Executive Officer



 August 12, 1998                               /s/ Donald A. Lawry
-----------------               ---------------------------------------
     Date                                       Donald A. Lawry
                                            Secretary and Treasurer
                                           (Chief Financial Officer)
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