<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) PEOPLE'S
BANCSHARES INC. IND SUBSIDIARY QUARTERLY FINANCIAL STATEMENTS FOR THE 9 MONTHS
ENDED SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
(B) FINANCIAL STATEMENTS CONTAINED IN SUCH FORM 10-Q
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<EXCHANGE-RATE>                                      1
<CASH>                                          13,980
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 3,633
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    214,895
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        254,855
<ALLOWANCE>                                      4,747
<TOTAL-ASSETS>                                 513,421
<DEPOSITS>                                     339,112
<SHORT-TERM>                                    37,750
<LIABILITIES-OTHER>                                977
<LONG-TERM>                                    103,020
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           339
<OTHER-SE>                                      28,485
<TOTAL-LIABILITIES-AND-EQUITY>                 513,421
<INTEREST-LOAN>                                 14,374
<INTEREST-INVEST>                               10,041
<INTEREST-OTHER>                                   123
<INTEREST-TOTAL>                                24,538
<INTEREST-DEPOSIT>                               7,448
<INTEREST-EXPENSE>                              13,684
<INTEREST-INCOME-NET>                           10,854
<LOAN-LOSSES>                                       75
<SECURITIES-GAINS>                                 (28)
<EXPENSE-OTHER>                                  9,776
<INCOME-PRETAX>                                  4,074
<INCOME-PRE-EXTRAORDINARY>                       4,074
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,628
<EPS-PRIMARY>                                      .84
<EPS-DILUTED>                                      .81
<YIELD-ACTUAL>                                    2.46
<LOANS-NON>                                      5,095
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                   550
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 3,813
<CHARGE-OFFS>                                      946
<RECOVERIES>                                       153
<ALLOWANCE-CLOSE>                                4,747
<ALLOWANCE-DOMESTIC>                             3,404
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          1,343
<FN>
The Company recorded $1.7 million in loan loss allowance from the acquisition
of five branches from subsidiaries of Fleet Financial Group, Inc. on March 8,
1996.
</FN>


</TABLE>