<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY
REPORT ON FORM 10QSB FOR THE QUARTER ENDED
</LEGEND>
<CIK> 0000930540
<NAME> GILMER FINANCIAL SERVICES, INC.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               SEP-30-1997
<EXCHANGE-RATE>                                      1
<CASH>                                         332,081
<INT-BEARING-DEPOSITS>                       1,041,722
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  4,831,441
<INVESTMENTS-CARRYING>                      10,262,133
<INVESTMENTS-MARKET>                        10,086,195
<LOANS>                                     24,122,297
<ALLOWANCE>                                    299,145
<TOTAL-ASSETS>                              41,828,591
<DEPOSITS>                                  29,854,317
<SHORT-TERM>                                 5,200,000
<LIABILITIES-OTHER>                            257,478
<LONG-TERM>                                  2,650,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,958
<OTHER-SE>                                   3,864,838
<TOTAL-LIABILITIES-AND-EQUITY>              41,828,591
<INTEREST-LOAN>                                548,422
<INTEREST-INVEST>                              240,975
<INTEREST-OTHER>                                23,437
<INTEREST-TOTAL>                               812,834
<INTEREST-DEPOSIT>                             407,656
<INTEREST-EXPENSE>                             112,206
<INTEREST-INCOME-NET>                          292,972
<LOAN-LOSSES>                                   10,500
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                255,342
<INCOME-PRETAX>                                 88,931
<INCOME-PRE-EXTRAORDINARY>                      88,931
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    58,084
<EPS-PRIMARY>                                      .32
<EPS-DILUTED>                                        0
<YIELD-ACTUAL>                                     .57
<LOANS-NON>                                    335,883
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               309,208
<CHARGE-OFFS>                                   20,563
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                              299,145
<ALLOWANCE-DOMESTIC>                           299,145
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        284,997
        


</TABLE>