<TABLE> <S> <C>


<ARTICLE>                                            9
<CIK>                         0001005512
<NAME>                        CATSKILL FINANCIAL CORPORATION
<MULTIPLIER>                                         1
<CURRENCY>                                         USD
       
<S>                             <C>
<PERIOD-TYPE>                                    9-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               JUN-30-1998    
<EXCHANGE-RATE>                                      1
<CASH>                                           2,485
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    164,052
<INVESTMENTS-CARRYING>                           3,065
<INVESTMENTS-MARKET>                             3,110
<LOANS>                                        134,280
<ALLOWANCE>                                      1,922
<TOTAL-ASSETS>                                 309,566
<DEPOSITS>                                     209,444
<SHORT-TERM>                                    15,880
<LIABILITIES-OTHER>                              6,020
<LONG-TERM>                                     10,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            57
<OTHER-SE>                                      68,165
<TOTAL-LIABILITIES-AND-EQUITY>                 309,566
<INTEREST-LOAN>                                  7,681
<INTEREST-INVEST>                                7,979
<INTEREST-OTHER>                                   106
<INTEREST-TOTAL>                                15,766
<INTEREST-DEPOSIT>                               6,642
<INTEREST-EXPENSE>                               7,322
<INTEREST-INCOME-NET>                            8,444
<LOAN-LOSSES>                                      144
<SECURITIES-GAINS>                                  90
<EXPENSE-OTHER>                                  4,211
<INCOME-PRETAX>                                  4,510
<INCOME-PRE-EXTRAORDINARY>                       4,510
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,904
<EPS-PRIMARY>                                      .70
<EPS-DILUTED>                                      .68
<YIELD-ACTUAL>                                    4.05
<LOANS-NON>                                        555
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                  1,963
<ALLOWANCE-OPEN>                                 1,889
<CHARGE-OFFS>                                      121
<RECOVERIES>                                        10
<ALLOWANCE-CLOSE>                                1,922
<ALLOWANCE-DOMESTIC>                             1,452
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            470
                                               


</TABLE>