<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF GATEWAY BANCSHARES, INC. FOR THE THREE MONTH PERIOD
ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE> 1
<CASH>                                       1,471,837
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 18,163,055
<INVESTMENTS-CARRYING>                       6,541,195
<INVESTMENTS-MARKET>                         6,306,950
<LOANS>                                     45,854,911
<ALLOWANCE>                                    456,119
<TOTAL-ASSETS>                              74,086,322
<DEPOSITS>                                  64,873,312
<SHORT-TERM>                                 1,120,000
<LIABILITIES-OTHER>                            580,742
<LONG-TERM>                                  1,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     3,395,240
<OTHER-SE>                                   3,117,028
<TOTAL-LIABILITIES-AND-EQUITY>              74,086,322
<INTEREST-LOAN>                              1,049,775
<INTEREST-INVEST>                              409,644
<INTEREST-OTHER>                                11,362
<INTEREST-TOTAL>                             1,470,781
<INTEREST-DEPOSIT>                             754,696
<INTEREST-EXPENSE>                             772,295
<INTEREST-INCOME-NET>                          698,486
<LOAN-LOSSES>                                   95,000
<SECURITIES-GAINS>                               9,218
<EXPENSE-OTHER>                                578,464
<INCOME-PRETAX>                                 91,121
<INCOME-PRE-EXTRAORDINARY>                      91,121
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    60,121
<EPS-PRIMARY>                                      .09
<EPS-DILUTED>                                      .09
<YIELD-ACTUAL>                                    4.05
<LOANS-NON>                                    148,775
<LOANS-PAST>                                     8,123
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               366,158
<CHARGE-OFFS>                                    5,039
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                              456,119
<ALLOWANCE-DOMESTIC>                           456,119
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>