SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, DC 20549

                        -------------

          Quarterly Report Under Section 13 or 15(d)
            of The Securities Exchange Act of 1934
                        -------------

For Quarter Ended March 31, 1997 Commission file number   0-16213
                  --------------                        ----------
                        GBC BANCORP                         
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(Exact name of registrant as specified in its charter)

         California                     95-3586596
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(State  or  other jurisdiction of     (I.R.S. Employer 
 incorporation or organization)        Identification No.) 

  800 West 6th Street, Los Angeles      California          90017
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(Address of principal executive offices)         (Zip code)

Registrant's telephone number, including area code   213/972- 4172
                                                    ---------------
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Former  name  address and former fiscal  year,  if  changed 
since last report.

      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.
Yes      X      No 
   ------------    ------------
      Indicate the number of shares outstanding of  each  of
the issuer's classes of common stock, as of the close of the
period covered by this report.

     Common stock, no par value, 6,786,589 shares issued and
                                ------------------
outstanding as of  March 31, 1997.
                 ------------------







                      TABLE OF CONTENTS



PART I  FINANCIAL INFORMATION.......................    

     
                                                          
        Item 1. Financial Statements................    
                                                          
        Item 2. Management's   Discussion   and   
                Analysis of Financial Condition and 
                Results of  Operations..............    
                                                          
                                                          
                                                          
PART II OTHER INFORMATION...........................    
        
        Item 1. Legal Proceedings...................    
                                                          
        Item 2. Changes In Securities...............    
                                                          
        Item 3. Default Upon Senior Securities......    

        Item 4. Submission  Of Matters To A Vote Of 
                Securities Holders .................    
                                                          
        Item 5. Other Information...................    

        Item 6. Exhibits And Reports On Form 8-K....    
                                                          
                                                          
PART III    SIGNATURES..............................    








                PART I - FINANCIAL INFORMATION 
                              
                              
                              
                              
                              
                GBC BANCORP AND SUBSIDIARIES
                CONSOLIDATED BALANCE SHEETS
                              

<TABLE>
<CAPTION>
                                                  March 31,    December 31,
(In Thousands)                                      1997         1996
---------------------------------------------------------------------------
<S>                                            <C>         <C>
ASSETS
                                                             
Cash and Due From Banks                            $ 43,285    $ 46,809
Federal Funds Sold and Securities Purchased              
  Under Agreements to Resell                        110,000     140,200
Securities Available for Sale at Fair Value                        
  (Amortized Cost of $545,395 and
  $518,701 at March 31, 1997 and December 31,      
  1996, Respectively)                               541,739     519,821
Securities Held to Maturity (Fair Value of                         
  $12,061 and $12,463 at March 31,
  1997 and  December 31, 1996, Respectively)         11,981      12,274
Loans and Leases                                    610,798     602,354
Less:  Allowance for Credit Losses                  (15,206)    (16,209)
       Deferred Loan Fees                            (3,434)     (3,638)
                                                  ----------  ----------         
Loans and Leases, Net                               592,158     582,507
Bank Premises and Equipment, Net                      5,646       5,806
Other Real Estate Owned, Net                         15,866      12,988
Due From Customers on Acceptances                     6,610       6,535
Real Estate Held for Investment                       9,355       9,686
Accrued Interest Receivable and Other Assets         16,937      15,489
                                                 ----------  ----------         
  Total Assets                                   $1,353,577  $1,352,115
                                                 ==========  ==========            
                                                           
LIABILITIES AND STOCKHOLDERS' EQUITY                               
                                                                   
Deposits:                                                          
 Non-Interest Bearing Demand                       $133,891    $158,728
 Interest Bearing Demand                            223,118     213,697
 Savings                                            117,960     119,315
 Time Certificates of Deposit of $100,000 or        
 More                                               550,421     545,578
 Other Time Deposits                                174,530     164,195
                                                 ----------  ----------        
Total Deposits                                   $1,199,920  $1,201,513
                                                                   
Subordinated Debt                                    15,000      15,000
Acceptances Outstanding                               6,610       6,535
Accrued Expenses and Other Liabilities               12,787      12,431
                                                 ----------  ----------        
  Total Liabilities                              $1,234,317  $1,235,479
                                                                   
Stockholders' Equity:                                              
 Common Stock, No Par or Stated Value;                             
   20,000,000 Shares Authorized; 6,786,589                         
   and 6,766,469 Shares Outstanding at March 31,                       
   1997 and December 31, 1996, Respectively         $47,729     $47,281
 Securities Valuation Allowance, Net of Tax         (2,108)         646
 Retained Earnings                                   73,646      68,716
 Foreign Currency Translation Adjustments               (7)         (7)         
  Total Stockholders' Equity                        119,260     116,636
                                                 ----------  ----------        
  Total Liabilities and Stockholders' Equity     $1,353,577  $1,352,115
                                                 ==========  ==========  
                                                           
</TABLE>
                                                                   
See Accompanying Notes to Consolidated Financial Statements
                              
                              
                              
                              
                              
                              



                GBC BANCORP AND SUBSIDIARIES
              CONSOLIDATED STATEMENTS OF INCOME
<TABLE>
<CAPTION>
                                              Three Months Ended
                                                  March 31,
(In Thousands, Except Per Share Data)           1997       1996
--------------------------------------------------------------------------
<S>                                         <C>        <C>
INTEREST INCOME                                           
  Loans and Leases, Including Fees           $15,293    $12,279
  Securities Available for Sale                8,288      8,117                
  Securities Held to Maturity                    259        648
  Federal Funds Sold and Securities
   Purchased under Agreements to Resell        1,894      2,240
                                             -------    -------         
    Total Interest Income                     25,734     23,284
                                             -------    -------             
INTEREST EXPENSE                                          
  Interest Bearing Demand                      1,158      1,144
  Savings                                        764        931
  Time Deposits of $100,000 or More            6,777      5,678
  Other Time Deposits                          1,950      2,178
  Federal Funds Purchased and Securities
   Sold under Repurchase Agreements                2        336
  Subordinated Debt                              399        399
                                             -------    -------       
    Total Interest Expense                    11,050     10,666
                                             -------    -------             
  Net Interest Income                         14,684     12,618
  Provision for Credit Losses                  1,000      1,500
                                             -------    -------             
    Net Interest Income after            
        Provision for Credit Losses           13,684     11,118
                                                          
NON-INTEREST INCOME                                       
  Service Charges and Commissions              1,342      1,548
  Gain on Sale of Loans, Net                      50         85
  Gain on Sale of Real Estate Investment           -        101
  Other                                          132         98
                                             -------    -------       
    Total Non-Interest Income                  1,524      1,832
                                                          
NON-INTEREST EXPENSE                                      
  Salaries and Employee Benefits               3,769      3,386
  Occupancy Expense                              694        675
  Furniture and Equipment Expense                420        396
  Net Other Real Estate Owned Expense            243        487
  Other                                        1,664      1,644
                                             -------    -------       
    Total Non-Interest Expense                 6,790      6,588
                                                          
Income before Income Taxes                     8,418      6,362
Provision for Income Taxes                     2,674      2,053
                                             -------    -------        
    Net Income                                $5,744     $4,309
    Earnings Per Share                         $0.82      $0.62
                                                          
</TABLE>                                         

See Accompanying Notes to Consolidated Financial Statements
                              
                GBC BANCORP AND SUBSIDIARIES
            CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>                              
<CAPTION>
                                                 For the Three Months Ended March 31,
(In Thousands, Except Per Share Data)                  1997        1996
--------------------------------------------------------------------------
<S>                                              <C>        <C>
OPERATING ACTIVITIES:                                           
Net Income                                           $5,744      $4,309
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:                               
Depreciation                                            294        273
Net Accretion of Discounts on Securities                (59)      (638)
Writedown on Real Estate Held for Investment            332        429
Provision for Credit Losses                           1,000      1,500
Provision for Losses on Other Real Estate Owned           -        400
Amortization of Deferred Loan Fees                     (850)      (730)
Deferred Income Taxes                                     -          -
Gain on Sale of Loans                                   (50)       (85)
Gain on Sale of Real Estate Investment                    -       (101)
Loss/(Gain) on Sale of Other Real Estate Owned           24        (11)
Loans Originated for Sale                            (7,660)   (15,204)
Proceeds from Sales of Loans Originated for Sale      7,965     15,321
Net Decrease in Accrued Interest Receivable                     
  and Other Assets                                      574        519
Net Increase/ (Decrease) in Accrued Expenses                    
and Other Liabilities                                   219     (2,468)
Other, Net                                               (1)         -
                                                  ---------   --------           
NET CASH PROVIDED BY OPERATING ACTIVITIES            $7,532     $3,514
                                                                
INVESTING ACTIVITIES:                                           
Purchases of Securities Available for Sale         (149,273)  (322,317)
Proceeds from Maturities of Securities                          
Available for Sale                                  122,624    193,928
Proceeds from Maturities of Securities Held                     
  to Maturity                                           307      3,384
Net Increase in Loans and Leases                    (13,481)   (18,124)
Proceeds from Sales of Other Real Estate                        
  Owned                                                 523      1,063
Proceeds from Sales of Real Estate                              
Investments                                               -        699
Purchases of Premises and Equipment                    (134)      (399)
                                                  ---------   --------               
NET CASH USED BY INVESTING ACTIVITIES              $(39,434) $(141,766)
                             
                                                                
FINANCING ACTIVITIES:                                           
Net (Decrease)/Increase in Demand, Interest                     
  Bearing Demand and Savings Deposits               (16,771)    53,373
Net Increase in Time Certificates of Deposits        15,178    109,190
Cash Dividend Paid                                     (677)      (536)
Proceeds from Exercise of Stock Options                 448        276
                                                  ---------   --------              
NET CASH (USED)/PROVIDED BY FINANCING       
  ACTIVITIES                                        $(1,822)  $162,303
                                                  ---------   --------              
NET CHANGE IN CASH AND CASH EQUIVALENTS             (33,724)    24,051
Cash and Cash Equivalents at Beginning of     
  Period                                            187,009    163,837
                                                  ---------   --------              
Cash and Cash Equivalents at End of Period         $153,285   $187,888
                                                  ---------   --------              
Supplemental Disclosures of Cash Flow                           
Information:
  Cash Paid During This Period                                  
   Interest                                         $11,568    $10,898
   Income Taxes                                           -      1,500
                                                    
                                                                
Noncash Investing Activities:                                   
  Loans Transferred to Other Real Estate          
        Owned at Fair Value                          $3,425     $4,481
  Loans to Facilitate the Sale of Other Real                 
        Estate Owned                                      -        262
                                                                
</TABLE>                                                       
 
See Accompanying Notes to Consolidated Financial Statements.
                              


                GBC Bancorp and Subsidiaries
                              

         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

       In   the  opinion  of  management,  the  consolidated
financial  statements  of GBC Bancorp and  its  subsidiaries
(the  "Company") as of March 31, 1997 and December 31,  1996
and  the three months ended March 31, 1997 and 1996, reflect
all  adjustments  (which consist only  of  normal  recurring
adjustments)  necessary  for a fair  presentation.   In  the
opinion   of   management,   the  aforementioned   financial
statements   are   in  conformity  with   general   accepted
accounting principles.


Earnings Per Share

      Earnings per share are computed based on the  weighted
average   shares   outstanding   including   common    stock
equivalents for the periods disclosed.


Consolidated Statements of Cash Flows

      Cash and cash equivalents consist of cash and due from
banks, and federal funds sold and securities purchased under
agreements to resell.


Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS


OVERVIEW

      For  the  quarter  ended March 31,  1997,  net  income
totaled $5,744,000, an increase of $1,435,000, or 33.3% from
the  $4,309,000  earned during the corresponding  period  of
1996.   Earnings per share for the quarter ended  March  31,
1997  were  $0.82 per share compared to $0.62 per share  for
the same period of 1996.

      The  net  income for the quarter ended March 31,  1997
continues  the trend of the highest quarterly net income  in
the  Company's history, the current quarter representing the
fifth consecutive quarter of record-setting net income.  The
increase  over  the corresponding period of a  year  ago  is
primarily  due to an increase of net interest income  and  a
reduced provision for credit losses.

      The increase of net interest income was due to both an
increase  of average earning assets and an increase  in  the
net interest spread.  The net interest spread is defined  as
a  yield  on earning assets less the rates paid on  interest
bearing liabilities.

      The decline of the provision for credit losses in 1997
was caused by the reduction of non-accrual loans, which were
$9.1  million  as  of March 31, 1997, as compared  to  $27.5
million  as  of  March 31, 1996. It also is a reflection  of
the  improvement  of  the  Southern California  economy,  in
general,  and  the  quality of the Bank's real  estate  loan
portfolio, in particular.

     The annualized return on average assets ("ROA") for the
Company was 1.73% and 1.38% for the quarters ended March 31,
1997  and  1996,  respectively.  The  annualized  return  on
average stockholders' equity ("ROE") for the quarters  ended
March 31, 1997 and 1996 was 19.55% and 17.06%, respectively.
The  improvement  of  these ratios  is  the  result  of  the
increased profitability of the Company.


RESULTS OF OPERATIONS


Net Interest Income

      Net  interest  income before the  provision  for  loan
losses  for  the  quarter ended March 31, 1997  amounted  to
$14,684,000,  an  increase  of $2,066,000,  or  16.4%,  from
$12,618,000 for the same period of 1996.

      Total interest income for the three months ended March
31,  1997  was $25,734,000 compared to $23,284,000  for  the
corresponding  period  of  a  year  ago.   The  increase  of
$2,450,000,  or  10.5%, was due to an  increase  of  average
earning  assets  and an increased yield on  earning  assets.
For  the  quarter  ending March 31, 1997 and  1996,  average
earning  assets  were  $1,276 million  and  $1,194  million,
respectively, representing an $82 million, or 6.9%,  growth.
For  the quarters ending March 31, 1997 and 1996, the  yield
on   earning  assets  was  8.18%  and  7.84%,  respectively,
representing a 34 basis point  increase.

      The  $82 million net growth of average earning  assets
was the result of $133 million increase of average loans and
leases,  offset  by  reductions of  average  securities  and
federal funds sold and securities purchased under agreements
to  resell,  of  $28 million and $23 million,  respectively.
The  net growth of $82 million was primarily funded  by  the
growth  of  interest-bearing deposits  which  increased  $83
million  and  average  non-interest bearing  deposits  which
increased  $10 million.  The growth in average deposits  was
partially   offset  by  the  maturity  of  $24  million   of
securities sold under repurchase agreements.


      The increase in the yield on earning assets was caused
by  the  increased percentage of average accruing  loans  to
average  total  earning assets, a decline  in  average  non-
accrual  loans, and an increase in the yield on  securities.
The  percentage of average accruing loans to  average  total
earning assets for the quarter ended March 31, 1997 and 1996
was  42%  and 35%, respectively.  Average non-accrual  loans
for  the  quarter ended March 31, 1997 and 1996  were  $11.8
million and $45.6 million, respectively.  The yield  on  the
securities portfolio increased to 6.40% from 6.26%  for  the
quarters ended March 31, 1997 and 1996, respectively.

      Total interest expense for the quarter ended March 31,
1997  was  $11,050,000  compared  to  $10,666,000  for   the
corresponding  period  of  a  year  ago.   The  increase  of
$384,000,  or  3.6%, was due to a $59.4  million  growth  of
average  interest-bearing liabilities.  The impact  of  this
increase of interest-bearing liabilities on interest expense
was  partially  offset by a decrease of the  rates  paid  to
4.18%  from 4.24% for the quarters ended March 31, 1997  and
1996,  respectively.  The maturity of securities sold  under
repurchase  agreements contributed towards the reduction  of
the rate paid on interest-bearing liabilities.

      The  rates paid on interest-bearing deposits was 4.09%
for  the quarter ended March 31, 1997, compared to 4.10% for
the  corresponding quarter of a year ago, a decrease of  one
basis   point.   While  the  higher  costing  average   time
certificates of deposit of $100,000 or more increased  as  a
percentage  of average total interest-bearing deposits  (52%
compared  to  45%), this was offset by the  decline  in  the
rates  paid on this deposit product.  For the quarters ended
March  31, 1997 and 1996, the rate paid on time certificates
of  deposit  of  $100,00  or  more  were  5.00%  and  5.22%,
respectively.

      The  net  interest spread is defined as the  yield  on
earning  assets  less  the rates paid  on  interest  bearing
liabilities.   Benefiting from both the increased  yield  on
earning assets and the slight decrease in the rates paid  on
interest  bearing  liabilities,  the  net  interest   spread
increased.  For the quarter ended March 31, 1997  and  1996,
the spread was 4.00% and 3.60%, respectively.

      The  net  interest margin is defined as the difference
between  interest  income and interest  expense  divided  by
average  earning  assets.  For the quarter ended  March  31,
1997  and 1996, the net interest margin was 4.67% and 4.25%,
respectively.   The increase in the margin is primarily  the
result of the increased net interest spread.


Provision for Credit Losses

     For the quarter ended March 31, 1997, the provision was
$1,000,000,  compared to $1,500,000 for the same  period  of
1996, a decrease of $500,000, or 33.3%.



      The decline of the provision for credit losses in 1997
was  primarily caused by the reduction of non-accrual loans.
As  of March 31, 1997, non-accrual loans outstanding totaled
$9.1  million.  As  of  March 31,  1996,  non-accrual  loans
totaled $27.5 million.  The decline of the provision also is
a  reflection of the improvement of the Southern  California
economy,  in  general, and the quality of  the  Bank's  real
estate loan portfolio, in particular.

      The  amount  of  the provision for  credit  losses  is
determined  by management and is based upon the  quality  of
the  loan portfolio, management's assessment of the economic
environment,  evaluations  made by  regulatory  authorities,
historical   loan   loss  experience,   collateral   values,
assessment of borrowers' ability to repay, and estimates  of
potential  future  losses.  Please refer to  the  discussion
"Allowance for Credit Losses", following.


Non-Interest Income

      Non-interest  income for the quarter ended  March  31,
1997  totaled $1,524,000 compared to $1,832,000 for the same
period  ended March 31, 1996.  The net decrease of $308,000,
or  16.8%,  was primarily attributable to the receipt  of  a
$400,000  fee  in  exchange for which the  Bank  released  a
guarantor of a real estate loan, in the quarter ended  March
31, 1996.  In addition, during the first quarter ended March
31,  1996 the Bank recorded a $101,000 gain on the  sale  of
the  final  condominium  unit of a  real  estate  investment
project.


Non-Interest Expense

      Non-interest expense for the quarter ended  March  31,
1997  totaled $6,790,000, a $202,000, or 3.1%, increase over
the  $6,588,000 recorded in the same period  of  1996.   The
increase  is primarily due to higher salaries and  a  higher
incentive  expense.   The  Bank's  incentive  expense  is  a
function  of  the  higher  level  of  pre-tax  income.   The
Company's efficiency ratio, defined as non-interest  expense
divided  by the sum of net interest income plus non-interest
income,  improved, declining to 41.9% for the quarter  ended
March 31, 1997 from 45.6% for the corresponding quarter of a
year ago.


Provision for Income Taxes

      For the quarter ended March 31, 1997 the provision for
income  taxes  was $2,674,000, representing 32%  of  pre-tax
income.   The provision is based on anticipated annual  1997
pre-tax  income and the annual accrual of tax  credits  from
the  Bank's  low income housing investments.  The  provision
for  the  quarter ended March 31, 1996 was $2,053,000,  also
representing 32% of pre-tax income.



FINANCIAL CONDITION

     Total assets as of March 31, 1997, were $1,354 million,
a  slight increase from total assets of $1,352 million as of
December  31,  1996.   Total deposits,  however,   decreased
slightly  from year-end.  As of March 31, 1997 and  December
31,  1996,  total  deposits were $1,200  million  and  1,202
million,  respectively.  The increased assets were primarily
funded  by  the  profitable  operations  during  the   first
quarter.


Loans

      As of March 31, 1997, total loans and leases were $611
million,  representing a $9 million, or 1.5%, increase  from
total  loans  and leases of $602 million as of December  31,
1996.   The  net increase was primarily from the  growth  of
trade-financing loans of $10.4 million which are included in
unsecured commercial loans.  The growth of this category  of
loan  reflects  the growth in international trade  resulting
primarily  from  new customer relationships.   Real  estate-
construction   loans  increased  $2.3  million,   or   3.5%.
However,  real  estate-conventional  loans  decreased   $3.9
million,  or  1.4%, primarily due to the  transfer  of  non-
accrual  loans  to other real estate owned ("OREO")  status.
The   $6.7  million  growth  of  other  loans  is  primarily
attributable   to   a   $4.0  million   increase   in   cash
collateralized commercial loans.

     The following table sets forth the amount of loans and
leases outstanding by category and the percentage of each
category to the total loans and leases outstanding:

<TABLE>
<CAPTION>
                      March 31, 1997     December 31, 1996
(IN THOUSANDS)        Amount Percentage  Amount Percentage
------------------------------------------------------------                            
<S>                   <C>       <C>      <C>       <C>              
Commercial             $191,575   31.36%  $183,268   30.43%
Real Estate -
        Construction     68,907   11.28%    66,572   11.05%
Real Estate -          
        Conventional    268,880   44.02%   273,081   45.34%  
Installment                  98    0.02%        86    0.01%
Other Loans              29,067    4.76%    22,361    3.71%
Leveraged Leases          7,271    1.19%     6,986    1.16%
Term Fed Funds Sold      45,000    7.37%    50,000    8.30%
------------------------------------------------------------                                                           
Total                  $610,798  100.00%  $602,354  100.00%

</TABLE>






Non-performing Assets

      A  certain degree of risk is inherent in the extension
of  credit.  Management believes that it has credit policies
in  place  to  minimize the level of loan  losses  and  non-
performing   loans.   The  Company  performs   a   quarterly
assessment   of  the  credit  portfolio  to  determine   the
appropriate  level  of  the  allowance.   Included  in   the
assessment is the identification of loan impairment.  A loan
is  identified as impaired when it is probable that interest
and  principal  will  not  be  collected  according  to  the
contractual terms of the loan agreement.  Loan impairment is
measured  by estimating the expected future cash  flows  and
discounting  them at the respective effective interest  rate
or by valuing the underlying collateral.

       The   Company  has  a  policy  of  classifying  loans
(including impaired loans) which are 90 days past due as  to
principal  and/or  interest  as  non-accrual  loans   unless
management  determines  that the fair  value  of  underlying
collateral is substantially in excess of the loan amount  or
circumstances   justify   treating   the   loan   as   fully
collectible.  After a loan is placed on non-accrual  status,
any  interest previously accrued, but not yet collected,  is
reversed  against  current income.  A loan  is  returned  to
accrual  status only when the borrower has demonstrated  the
ability to make future payments of principal and interest as
scheduled,  and  the borrower has demonstrated  a  sustained
period  of  repayment  performance in  accordance  with  the
contractual  terms.  Interest received on non-accrual  loans
generally is either applied against principal or reported as
recoveries  on amounts previously charged-off, according  to
management's judgment as to the collectibility of principal.

      The  following table provides information with respect
to   the   Company's  past  due  loans,  non-accrual  loans,
restructured loans and other real estate owned, net,  as  of
the dates indicated:

<TABLE>
<CAPTION>
(IN THOUSANDS)                March 31, 1997   December 31, 1996
----------------------------------------------------------------                                         
<S>                           <C>              <C>
Loans 90 Days or  More                                    
  Past Due and Still Accruing  $   5,109         $   6,779
Non-accrual Loans                  9,096            11,719
----------------------------------------------------------------
Total Past Due Loans              14,204            18,498
Restructured Loans (on           
  Accrual Status)                 22,240            23,125 
----------------------------------------------------------------
Total Non-performing Loans        36,444            41,623
Other Real Estate Owned, Net      15,866            12,988 
----------------------------------------------------------------
Total Non-performing Assets      $52,311           $54,611

</TABLE>



      Total  non-performing assets declined $2.3 million  to
$52.3 million, as of March 31, 1997, from $54.6 million,  as
of  December  31, 1996.  With the exception  of  other  real
estate  owned, net, all categories of non-performing  assets
reflected  declines  from their levels as  of  December  31,
1996.

      Loans  90  days  or more past due and  still  accruing
declined  $1.7  million  from  December  31,  1996,  and  is
comprised of one credit.  This credit is collaterized  by  a
mobile  home  park with an appraised value substantially  in
excess  of the loan balance.  Interest payments continue  to
be  made on a monthly basis approximately 45 days late.   It
is  expected  that either the property will be sold  by  the
borrower  with the bank providing financing or  it  will  be
paid in full within 45 days.

      Non-accrual loans declined to $9.1 million as of March
31,  1997  from  $11.7  million as  of  December  31,  1996,
representing a $2.6 million, or 22.2%, decrease.

     The following table analyzes the decline in non-accrual
loans during the three months ended March 31, 1997:

<TABLE>
<CAPTION>
                Non-Accrual Loans (In Thousands)
        <S>                                <C>
        Balance, December 31, 1996          $11,719
        Add: Loans placed on non-accrual      5,259
        Less: Charge-offs                      (889)
              Returned to accrual  status    (1,681)
              Repayments                     (1,903)
              Transfer to OREO               (3,410)
                                            --------
        Balance, March 31, 1997              $9,096
                                            --------
</TABLE>

      The  following  table breaks out  the  Company's  non-
accrual  loans by category as of March 31, 1997 and December
31, 1996:

<TABLE>
<CAPTION>
(IN THOUSANDS)              March 31, 1997    December 31, 1996
---------------------------------------------------------------                                        
<S>                          <C>                 <C>
Commercial                    $  3,508            $  3,219
Real Estate- Construction          700                 477
Real Estate- Conventional        4,888               8,023
---------------------------------------------------------------
Total                           $9,096             $11,719

</TABLE>





     The balance of restructured loans as of March 31, 1997,
was  $22.2 million compared to $23.1 million as of  December
31, 1996, representing a $0.9 million, or 3.9%, decrease.  A
loan is categorized as restructured if the original interest
rate  on  such  loan,  the repayment  terms,  or  both,  are
modified  due to a deterioration in the financial  condition
of  the borrower.  Restructured loans may also be put  on  a
non-accrual  status  in keeping with the  Bank's  policy  of
classifying loans which are 90 days past due as to principal
and/or  interest.  Restructured loans which are  non-accrual
loans are not included in the balance of restructured loans.
As  of  March  31,  1997, restructured  loans  consisted  of
fifteen real estate credits.  This compares to sixteen  real
estate  credits  as  of  December 31,  1996.   The  weighted
average  yield  of the restructured loans as  of  March  31,
1997,  was  10.23%.  All restructured loans  are  performing
pursuant to the terms and conditions of the restructuring.

      The  following table breaks out the restructured loans
by accrual status as of the dates indicated:

<TABLE>
<CAPTION>
(IN THOUSANDS)             March 31, 1997   December 31, 1996
-------------------------------------------------------------                                       
<S>                           <C>               <C>
RESTRUCTURED LOANS:                    
On Accrual Status              $22,240           $23,125
On Non-accrual Status              229             2,820
-------------------------------------------------------------
Total                          $22,469           $25,945

</TABLE>

      There  are no commitments to lend additional funds  on
any of the restructured loans.

     As of March 31, 1997, other real estate owned ("OREO"),
net  of  valuation allowance of $1.5 million, totaled  $15.9
million, representing an increase of $2.9 million, or 22.3%,
from  the  net  balance of $13.0 million, net  of  valuation
allowance of $1.8 million, as of December 31, 1996.   As  of
March  31, 1997 and December 31, 1996, OREO consisted of  27
properties  and  26  properties,  respectively.    The   net
increase  in  OREO  is  the result of  continued  management
emphasis on resolving non-accrual loans.

      During  1997, properties with a lower of cost or  fair
value  of  $3.4  million were transferred to  OREO.   During
1997,  OREO with a carrying value of $0.9 million was  sold.
The  net  loss sustained on the sales for 1997 was  $24,000.
During the first quarter of 1996, properties with a lower of
cost or fair value of $4.5 million were transferred to OREO.
During 1996, OREO with a carrying value of $1.4 million  was
sold.   The net gain on the sales for the first three months
of 1996 was $10,600.



     The outstanding OREO properties are all included in the
Bank's  market area.  They include single family residences,
condominiums,  commercial  buildings,  and  land  both   for
commercial  and  residential improvement.  Eight  properties
comprise  the land category of OREO.  The Company  does  not
intend to develop these properties; rather, it will sell the
land undeveloped.

     The following table sets forth OREO by property type as
of the dates indicated:

<TABLE>
<CAPTION>
   (IN THOUSANDS)              March 31, 1997   December 31,1996
----------------------------------------------------------------                                          
<S>                               <C>            <C>
   PROPERTY TYPE                                         
   Single-Family                    $1,556        $   901
   Residential Condominium           6,303          6,284
   Land for Residential              1,147          1,413
   Land for Commercial                 735            735
   Retail Facilities                 7,643          5,228
   Office                                -            250
   Less: Valuation Allowance        (1,518)        (1,823)
----------------------------------------------------------------   
   Total                           $15,866        $12,988
</TABLE>


      In  accordance with SFAS 114, "Accounting by Creditors
for  Impairment  of a Loan," as amended by SFAS 118, a  loan
is  identified as impaired when it is probable that interest
and  principal  will  not  be  collected  according  to  the
contractual terms of the loan agreement.  Loan impairment is
measured  by estimating the expected future cash  flows  and
discounting them at the respective effective interest  rate,
or by valuing the underlying collateral.

      The following table discloses pertinent information as
it relates to the Company's impaired loans as of and for the
dates indicated:

<TABLE>
<CAPTION>
       As of and for the three months ended March 31,
(IN THOUSANDS)                                   1997          1996
---------------------------------------------------------------------                                                            
<S>                                            <C>           <C>
Recorded Investment with Related Allowance      $17,588       $35,393
Recorded Investment with no Related Allowance     8,174         2,259
Total Recorded Investment                        25,762        37,652
Allowance for Impaired Loans                      1,881         4,201
Average Balance of Impaired Loans                           
  before Allowance for the Period Indicated      24,637        41,757
Interest Income Recognized                          564           571

</TABLE>

      Income  recognition  on impaired  loans  uses  methods
existing  for non-accrual loans but can include the  accrual
of interest.  While a loan is in non-accrual status, some or
all of the cash payments received may be treated as interest
income on a cash basis as long as the remaining book balance
of the loan (i.e., after charge-off of identified losses, if
any)   is  deemed  to  be  fully  collectible.   The  Bank's
determination  as  to  the ultimate  collectibility  of  the
loan's  remaining  book  balance  must  be  supported  by  a
current, well documented credit evaluation of the borrower's
financial  condition and prospects for repayment,  including
consideration   of   the  borrower's  historical   repayment
performance  and other relevant factors.  Of the  amount  of
interest  income  recognized during the three  months  ended
March  31,  1997 and 1996, no interest was recognized  under
the cash basis method.

      Management  cannot  predict the extent  to  which  the
current  economic  environment, including  the  real  estate
market,  may  improve  or worsen, or the  full  impact  such
environment   may   have  on  the  Bank's  loan   portfolio.
Furthermore,  as  the Bank's primary regulators  review  the
loan   portfolio   as   part  of  their  routine,   periodic
examinations  of  the  Bank, their  assessment  of  specific
credits  may  affect the level of the Bank's  non-performing
loans.   Accordingly, there can be no assurance  that  other
loans  will not be placed on non-accrual, become 90 days  or
more  past due, have terms modified in the future, or become
OREO.


Allowance for Credit Losses

      As of March 31, 1997, the balance of the allowance for
credit  losses  was  $15.2 million,  representing  2.49%  of
outstanding loans and leases.  This compares to an allowance
for  credit losses of $16.2 million as of December 31, 1996,
representing 2.69% of outstanding loans and leases.

       The  table  below  summarizes  the  activity  in  the
allowance  for  credit  losses (which  amount  includes  the
allowance  on  impaired loans), for the three-month  periods
ended as indicated:

<TABLE>
<CAPTION>
(IN THOUSANDS)                March 31, 1997   March 31, 1996
-------------------------------------------------------------                                         
<S>                           <C>              <C>
Balance, Beginning of Period     $16,209          $16,674
Provision for Credit Losses        1,000            1,500
Charge-offs                       (2,458)          (2,746)
Recoveries                           455              878
Net Charge-offs                   (2,003)          (1,868)
                               ----------       ----------
Balance, End of Period           $15,206          $16,306

</TABLE>


     As of March 31, 1997, the allowance represents 167% and
41.7%   of  non-accrual  loans  and  non-performing   loans,
respectively.   As  of  December  31,  1996,  the  allowance
represented  138% and 38.9% of non-accrual  loans  and  non-
performing loans, respectively.

      Management  believes  that the  allowance  for  credit
losses  is  adequate to cover known and inherent  losses  as
they  may relate to loans and leases outstanding as of March
31, 1997.


Securities

      The  Company  classifies its  securities  as  held  to
maturity  or  available for sale.  Securities classified  as
held to maturity are those that the Company has the positive
intent and ability to hold until maturity.  These securities
are carried at amortized cost.

     Securities that could be sold in response to changes in
interest  rates,  increased loan  demand,  liquidity  needs,
capital   requirements   or  other  similar   factors,   are
classified   as  securities  available  for   sale.    These
securities are carried at fair value, with unrealized  gains
or losses reflected net of tax in stockholders' equity.

      As  of  March  31,  1997,  the  Company  recorded  net
unrealized  losses of $3,656,000 on its available  for  sale
portfolio  which  is  included as a  separate  component  of
stockholders'   equity   amounting  to   $2,108,000,   which
represents the net unrealized losses, net of tax. 


      The  amortized  cost,  gross unrealized  gains,  gross
unrealized losses and fair value of securities at March  31,
1997 and December 31, 1996 were as follows:

<TABLE>
<CAPTION>
                                             Gross       Gross           
(In Thousands)                     Amortized Unrealized Unrealized  Fair
March 31, 1997                        Cost     Gains       Losses   Value
--------------------------------------------------------------------------                                                   
<S>                             <C>        <C>        <C>       <C>
Securities Held to Maturity
  State and Municipal Securities     1,988      16           -      2,004
  Asset Backed Securities            9,993      64           -     10,057
--------------------------------------------------------------------------                                                   
Total                               11,981      80           -     12,061

Securities available for sale
  U. S. Treasuries                   1,911       -         (41)     1,870
  U.S. Government Agencies         159,645       -      (1,281)   158,364
  Mortgage Backed Securities        49,407       -        (869)    48,538
  Corporate Notes                   19,010     416           -     19,426
  Collateralized Mortgage 
        Obligations                181,438       -      (1,234)   180,204
  Asset Backed Securities           80,047       -        (672)    79,375
  Auctioned Preferred Stock         43,748       -           -     43,748
  Other Securities                 10,189      25           -     10,214
--------------------------------------------------------------------------                                                   
Total                              545,395     441      (4,097)   541,739
                                                   
                                                          

                                              Gross       Gross           
(In Thousands)                    Amortized Unrealized Unrealized  Fair
December 31, 1996                    Cost     Gains       Losses   Value
------------------------------------------------------------------------                                                         
Securities Held to Maturity
  State and Municipal Securities    2,222        28         -       2,250
  Collateralized Mortgage 
        Obligations                   56         6         -          62
  Asset Backed Securities          9,996       155         -      10,151
------------------------------------------------------------------------                                                   
Total                             12,274       189         -      12,463
                                                   
                                                   
Securities available for sale
  U. S. Treasuries                 1,918         -       (27)      1,891
  U.S. Government Agencies       160,718         -       (52)    160,666
  Mortgage Backed Securities      51,503         -      (247)     51,256
  Corporate Notes                 19,014       580         -      19,594
  Collateralized Mortgage 
        Obligations              165,517       281         -     165,798
  Asset Backed Securities         37,474       460         -      37,934
  Auctioned Preferred Stock       72,450         -         -      72,450
  Other Securities                10,107       125         -      10,232
------------------------------------------------------------------------                                                   
Total                            518,701     1,446      (326)    519,821
                                                   
</TABLE>


      There  were no sales of securities available for  sale
during  the  quarters ended March 31, 1997 and 1996.   There
were  no  sales  of  securities held  to  maturity  for  the
quarters ended March 31, 1997 and 1996.


Deposits

      The  Company's deposits totaled $1,200 million  as  of
March  31, 1997, a modest decrease of $2 million from $1,202
million  as  of  December 31, 1996.  With the  exception  of
savings   deposits   which  decreased  $1.4   million,   all
categories of interest-bearing deposits increased.  The  net
increase  of interest-bearing deposits of $24.6 million  was
more  than offset by a $24.8 million decline of non-interest
bearing demand.

      There  are  no  brokered  deposits  outstanding.   The
Company  believes that the majority of its deposit customers
have  strong ties to the Bank.  Although the Company  has  a
significant  amount  of  time  certificates  of  deposit  of
$100,000 or more having maturities of one year or less,  the
depositors have generally renewed their deposits in the past
at  their  maturity.  Accordingly, the Company believes  its
deposit source to be stable.
      The  maturity schedule of time certificates of deposit
of $100,000 or more as of March 31, 1997 is as follows:

<TABLE>
<CAPTION>
(IN THOUSANDS)                             
-----------------------------------------------------
<S>                                      <C>
3 Months or Less                            $249,237
Over 3 Months Through One Year               299,079
Over One Year through 5 Years                  2,105 
----------------------------------------------------
Total                                       $550,421
                                           =========
</TABLE>

Other Borrowings

     On August 31, 1990, the Company issued $15.0 million of
subordinated  debentures through private placement  with  an
annual  interest of 10.52% and stated maturity of  September
1, 2000.  The table below is a summary of required repayment
schedule,  as specified in the Debenture Purchase  Agreement
("the Agreement").

<TABLE>
<CAPTION>
                       (IN THOUSANDS)
------------------------------------------------
<S>                                    <C>
      September 1, 1997                   $3,750 
      September 1, 1998                   $3,750
      September 1, 1999                   $3,750
      September 1, 2000                   $3,750
                                        --------
      Total                              $15,000

</TABLE>

     The Agreement includes several covenants which restrict
the  payment  of dividends, amount of indebtedness,  certain
acquisitions  and  the sale of assets.  In  the  opinion  of
management,   the  Company  was  in  compliance   with   the
provisions of the Agreement as of March 31, 1997.


Regulatory Matters

     During the first quarter of 1997, the annual safety and
soundness  examination was conducted by the Federal  Deposit
Insurance   Corporation  ("FDIC")  and  the  State   Banking
Department.   Although the report has not been received,  no
material adverse findings are expected.





Capital Resources

     Stockholders' equity totaled $119.3 million as of March
31,  1997, an increase of $2.7 million, or 2.3% from  $116.6
million as of December 31, 1996.  The increase from year-end
1996  was  primarily due to net income of  $5,744,000,  less
cash  dividends  declared to shareholders of  $814,000,  and
less  the net change in the securities valuation account  of
$2,754,000.  Additionally, $449,000 of the increase was  the
result of the exercise of stock options and the related  tax
benefit.

     Capital ratios for the Company and for the Bank were as
follows as of the dates indicated:

<TABLE>
<CAPTION>
                                   Well-         
                                Capitalized   March 31,   December 31,
                                Requirements     1997       1996
----------------------------------------------------------------------
<S>                                <C>         <C>        <C>
GBC Bancorp                                           
Tier 1 Leverage Ratio                5%          8.98%      8.74%
Tier 1 Risk-Based Capital Ratio      6%         12.51%     11.97%
Total Risk-Based Capital Ratio      10%         14.23%     13.69%

General Bank                                               
Tier 1 Leverage Ratio                5%          8.45%      8.61%
Tier 1 Risk-Based Capital Ratio      6%         11.79%     11.81%
Total Risk-Based Capital Ratio      10%         13.05%     13.06%



Liquidity and Interest Rate Sensitivity

      Liquidity measures the ability of the Company to  meet
fluctuations  in deposit levels, to fund its operations  and
to  provide for customers' credit needs. Asset liquidity  is
provided by cash and short-term financial instruments  which
include  federal  funds sold and securities purchased  under
agreements to resell, unpledged securities held to  maturity
maturing  within one year and unpledged securities available
for  sale.   These sources of liquidity amounted to   $703.8
million,  or  52.0% of total assets as of  March  31,  1997,
compared to $717.0 million, or 53.0% of total assets  as  of
December 31, 1996.

      To  further supplement its liquidity, the Company  has
established federal funds lines with correspondent banks and
three  master  repurchase agreements  with  major  brokerage
companies.   In August, 1992 the Federal Home Loan  Bank  of
San  Francisco  ("FHLB") granted the Bank a line  of  credit
equal  to 25 percent of assets with terms up to 240  months.
Management  believes its liquidity sources to be stable  and
adequate.

       As   of  March  31,  1997,  total  loans  and  leases
represented 50.9% of total deposits.  This compares to 50.1%
as of  December 31, 1996.

      The  liquidity of the parent company, GBC Bancorp,  is
primarily dependent on the payment of cash dividends by  its
subsidiary, General Bank, subject to the limitations imposed
by  the Financial Code of the State of California.  For  the
three  months  ending March 31, 1997, General Bank  declared
cash dividends of $5.8 million to GBC Bancorp.

        Effective   asset/liability   management    includes
maintaining adequate liquidity and minimizing the impact  of
future  interest rate changes on net interest  income.   The
Company attempts to manage its interest rate sensitivity  on
an  on-going  basis through the analysis  of  the  repricing
characteristics of its loans, investments, and deposits, and
managing  the  estimated net interest income  volatility  by
adjusting  the  terms  of  its interest-earning  assets  and
liabilities, and through the use of derivatives as needed.

       The   Company  has  only  limited  involvement   with
derivative financial instruments and does not use  them  for
trading  purposes.   As  of March 31,  1997,  two  contracts
totaling  $1.0 million were outstanding.  These  instruments
are   used  to  manage  the  interest  rate  risk  from  the
origination  of  fixed rate residential mortgage  loans  for
sale   in  the  secondary  markets.   The  Company  utilizes
Treasury  note  futures and forward sales of mortgage-backed
securities to hedge interest rate risk associated  with  its
residential   mortgage  banking  activities.   Futures   and
forward  sale  contracts provide for sale of the  underlying
securities,  including  mortgage-backed  securities,  at   a
specified  future date, at a specified price or yield.   The
amount  of  the  futures  and  forward  sale  contracts   is
determined by the aggregate amount of fixed rate commitments
for  mortgage loans that are expected to be funded plus  the
amount  of  fixed rate residential mortgages categorized  as
being held for sale that have not been sold.  The fair value
of  the  underlying  futures and forward sale  contracts  is
expected  to move inversely to the change in fair  value  of
the mortgage loans.

      The  Company  never intends to deliver the  underlying
securities  that  the  futures and  forward  sale  contracts
commit  to  sell.  Rather, it purchases offsetting contracts
to  eliminate the obligation.  The Company is exposed to the
risk  that the fair value of futures contracts, being  based
on   the   value  of  the  Treasury  note  will   not   move
proportionately  with the change in value  of  the  mortgage
loans  being  hedged.  This basis risk is unpredictable  and
can  result  in economic loss to the Company.  There  is  no
basis  risk related to the use of forward sale contracts  on
mortgage-backed securities since their fair value  is  based
on  similar  mortgage loans.  However, a gain or  loss  will
arise  from  the difference between the fair value  and  the
forward sale price of the mortgage-backed security.

      As  of March 31, 1997 and December 31, 1996 there were
outstanding  fixed  rate mortgages held  for  sale  of  $1.7
million   and  $1.9  million,  and  a  notional   value   of
derivative  instruments of $1.0 million  and  $0.5  million,
respectively.  For the three months ended March 31, 1997 and
1996, the Company had realized net gains/(losses) of $17,422
and  $(7,813) with unrealized gains/(losses) of  $3,750  and
$(1,719), respectively, related to its hedging activities.

      Initial margin requirements and daily calls on  future
contracts are met in cash.  There are no margin requirements
nor  daily calls on forward sale contracts since whole loans
are expected to be delivered to fulfill the commitment.

      While  no  single measure can completely identify  the
impact  of changes in interest rates on net interest income,
one gauge of interest rate sensitivity is to measure, over a
variety  of time periods, the differences in the amounts  of
the  Company's  rate  sensitive assets  and  rate  sensitive
liabilities.   These  differences,  or  "gaps",  provide  an
indication  of  the extent that net interest income  may  be
affected  by  future  changes in interest  rates.   However,
these  "gaps"  do  not take into account timing  differences
between  the  repricing  of  assets  and  the  repricing  of
liabilities.

     A positive gap exists when rate sensitive assets exceed
rate  sensitive  liabilities and indicates  that  a  greater
volume  of  assets  than liabilities will reprice  during  a
given  period.   This  mismatch may enhance  earnings  in  a
rising rate environment and may inhibit earnings when  rates
decline.  Conversely, when rate sensitive liabilities exceed
rate  sensitive  assets, referred to as a negative  gap,  it
indicates  that a greater volume of liabilities than  assets
will  reprice  during the period.  In this  case,  a  rising
interest rate environment may inhibit earnings and declining
rates may enhance earnings.

       "Gap"  reports  originated  as  a  means  to  provide
management with a tool to monitor repricing differences,  or
"gaps",    between   assets   and   liabilities    repricing
differences,  or  "gaps",  between  assets  and  liabilities
repricing   in  a  specified  period,   based   upon   their
underlying contractual rights.  The use of "gap" reports  is
thus  limited to a quantification of the "mismatch"  between
assets  and liabilities repricing within a unique  specified
timeframe.   "Gap"  reports  cannot  be  used  to   quantify
exposure  to interest rate changes because they do not  take
into account timing differences between repricing assets and
liabilities, and changes in the amount of repayments.

      The  Company uses a simulation analysis to attempt  to
predict  changes  in  the yields earned on  different  asset
categories and the rates paid on liabilities in relation  to
changes   in  market  interest  rates.   The  analysis   has
concluded  that the Bank's liabilities reprice  more  slowly
than  it's  assets, and the Company's balance  sheet  has  a
positive  gap  when the timing of repricing  is  taken  into
account.   This  results  in  an interest  rate  sensitivity
profile  for the Company where it has exposure to a downward
shift  in  interest rates.  The Company has  established  an
internal policy to manage its net interest income volatility
to  a  change of 10% when the simulation is using an assumed
instant  change of money market rates of 100  basis  points.
As  of  March  31,  1997, the Company was well  within  that
policy limit.






      As  of March 31, 1997 there was a cumulative one  year
negative "gap" of $382.0 million, up from $311.4 million  as
of December 31, 1996.  The $70.6 million increase in the gap
was   caused  by  the  purchase  of  intermediate   maturity
investment securities and loan activity.  The negative  gaps
would  appear  to be predictive of an increase  in  the  net
interest   margin   if   interest   rates   were   to   fall
significantly.  However, as discussed above, due to the  lag
in  the  downward repricing of the rates paid on liabilities
versus  the immediate downward repricing of its assets,  the
Company would not anticipate a corresponding increase in the
net interest margin should rates decline.

      The  following table indicates the Company's  interest
rate sensitivity position as of March 31, 1997, and may  not
be reflective of positions in subsequent periods:

                                                                             
                                           MARCH 31, 1997
                                        INTEREST SENSITIVITY PERIOD

</TABLE>
<TABLE>                              
<CAPTION>
                              0 to 90      91 to 365   Over 1 Year    Over   Non-Interest              
(In Thousands)                  Days         Days       to 5 Years   5 Years Erng/Bearing    Total
----------------------------------------------------------------------------------------------------
<S>                        <C>          <C>            <C>          <C>        <C>        <C>
Earning Assets:                                                              
                                                                             
Securities Available 
        for Sale               75,197       13,100        157,666     295,776           -    541,739
Securities Held                                                              
        to Maturity               525        7,449              -       4,007           -     11,981
Federal Funds Sold            110,000            -              -           -           -    110,000
                                                                             
Loans and Leases                                                             
        (1) (2)               371,842       61,093         70,159      53,608           -    556,702
Loans to Depository            
        Institutions          45,000            -              -           -           -     45,000        
Non-Earning Assets (2)              -            -              -           -      88,155     88,155
----------------------------------------------------------------------------------------------------
Total Assets                  602,564       81,642        227,825     353,391      88,155  1,353,577

Source of Funds for Assets:
                                                                             
Deposits:                                                                    
  Demand                            -            -              -           -     133,891    133,891
  Interest Bearing 
        Demand                223,118            -              -           -           -    223,118
  Savings                     117,960            -              -           -           -    117,960
  TCD'S Under                                                                
        $100,000               94,004       78,989          1,537           -           -    174,530
  TCD'S $100,000                                                             
        and Over              273,133      275,283          2,005           -           -    550,421
----------------------------------------------------------------------------------------------------
Total Deposits                708,215      354,272          3,542           -     133,891  1,199,920   

Subordinated Debt                   -        3,750         11,250           -           -     15,000
Other Liabilities                   -            -              -           -      19,397     19,397
Stockholders' Equity                -            -              -           -     119,260    119,260
----------------------------------------------------------------------------------------------------     
Total Liabilities and
  Stockholders'   
  Equity                      708,215      358,022         14,792           -     272,548  1,353,577
----------------------------------------------------------------------------------------------------              
Interest Sensitivity 
        Gap                 ($105,651)   ($276,380)      $213,033    $353,391   ($184,393)          

Cumulative Interest
Sensitivity Gap             ($105,651)   ($382,031)     ($168,998)   $184,393    $      - 
        
Gap Ratio (% of              
    Total Assets)               -7.8%       -20.4%          15.7%       26.1%      -13.6%   
                                                                             
Cumulative Gap Ratio            -7.8%       -28.2%         -12.5%       13.6%        0.0%          
</TABLE>
                                                                             
    (1) Loans and leases are before unamortized deferred loan fees and allowance
        for credit losses.
    (2) Nonaccrual loans are included in non-earning assets.
                                                                             


Forward-Looking Statements

       This  report   contains  forward-looking  statements,
usually   containing   the   words  "estimate,"   "project,"
"expected,"  or  similar expressions.  These statements  are
subject to uncertainties, including those discussed in  this
report.   Sections having such statements include  Provision
for  Credit  Losses,  Non-Performing Assets,  Allowance  for
Credit Losses, Regulatory Matters and Liquidity and Interest
Rate Sensitivity.


                
                
                
                
                PART II - OTHER INFORMATION






Item 1. LEGAL PROCEEDINGS

      In  the  normal  course of business,  the  Company  is
subject to pending and threatened legal actions.  Management
believes  that the outcome of such actions will not  have  a
material  adverse effect on the financial condition  or  the
operations of the Company.


Item 2.  CHANGES IN SECURITIES

      There  have been no changes in the securities  of  the
Registrant during the quarter ended March 31, 1997.


Item 3.  DEFAULT UPON SENIOR SECURITIES

     This item is not applicable.


Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

      No  matters  were submitted to a vote of  the  Company
security holders during the quarter ended March 31, 1997.


Item 5.  OTHER INFORMATION

     There are no events to be reported under this item.


Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

     a)  Exhibits: None.
     b)  Reports on Form 8-K:  None.



                PART III - SIGNATURES



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.



                         GBC Bancorp
                         (Registrant)


Dated: __________________     s/ ______________________
                         Li-Pei Wu, Chairman,
                         President and Chief
                         Executive Officer



Dated: ___________________    s/ _______________________
                         Peter Lowe, Executive
                         Vice President and
                         Chief Financial Officer