<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY
REPORT ON FORM 10QSB FOR THE QUARTER ENDED MARCH 31, 1997.
</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-30-1996
<PERIOD-START>                              JAN-1-1997
<PERIOD-END>                               MAR-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                         613,868
<INT-BEARING-DEPOSITS>                         444,996
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  4,848,029
<INVESTMENTS-CARRYING>                      10,772,081
<INVESTMENTS-MARKET>                        10,243,309
<LOANS>                                     24,178,822
<ALLOWANCE>                                    214,650
<TOTAL-ASSETS>                              41,399,898
<DEPOSITS>                                  28,041,854
<SHORT-TERM>                                 6,600,000
<LIABILITIES-OTHER>                            252,398
<LONG-TERM>                                  2,650,000
<PREFERRED-MANDATORY>                            1,958
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   3,853,688
<TOTAL-LIABILITIES-AND-EQUITY>              41,399,898
<INTEREST-LOAN>                                509,390
<INTEREST-INVEST>                              253,771
<INTEREST-OTHER>                                17,820
<INTEREST-TOTAL>                               780,981
<INTEREST-DEPOSIT>                             346,334
<INTEREST-EXPENSE>                             127,202
<INTEREST-INCOME-NET>                          307,445
<LOAN-LOSSES>                                    6,000
<SECURITIES-GAINS>                             (1,071)
<EXPENSE-OTHER>                                246,851
<INCOME-PRETAX>                                114,917
<INCOME-PRE-EXTRAORDINARY>                     114,917
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    73,971
<EPS-PRIMARY>                                      .40
<EPS-DILUTED>                                        0
<YIELD-ACTUAL>                                     .77
<LOANS-NON>                                    453,402
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               212,801
<CHARGE-OFFS>                                    4,151
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                              214,650
<ALLOWANCE-DOMESTIC>                           214,650
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        198,702
        


</TABLE>