UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D. C.  20549
  
                                 FORM 10-Q
   
   (Mark One)   [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                     THE SECURITIES EXCHANGE ACT OF 1934
   
                                    OR
                [  ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934
                                                    
             For the quarterly period ended September 30, 1997
   
      
                    Commission file number   0 - 12784
   
                           WESTBANK CORPORATION
          (Exact name of registrant as specified in its charter)
   
      
   Massachusetts                                            04 - 2830731
(State or other jurisdiction of inc. or org.)      (I.R.S. Employer I.D. No.)

   
      
225 Park Avenue, West Springfield, Massachusetts               01090-0149
  (Address of principal executive offices)                     (Zip Code)
      
                              (413) 747-1400
           (Registrant's telephone number, including area code)
   
      
          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    
   
      
     Common stock, par value $2 per share: 3,573,950 shares
outstanding as of October 31, 1997.
   
                                                




<PAGE>                                     
                   WESTBANK CORPORATION AND SUBSIDIARIES

                                   INDEX

                      PART I - FINANCIAL INFORMATION
    
                                                                     Page  

Financial Statements                                                   

     Condensed Consolidated Balance Sheets                                3

     Condensed Consolidated Statements of Income                          4

     Condensed Consolidated Statements of Stockholders' Equity            5

     Condensed Consolidated Statements of Cash Flows                      6

     Notes to Condensed Consolidated Financial Statements               7-8

     Management's Discussion and Analysis of Financial Condition and       
       Results of Operations                                           9-16


                        PART II - OTHER INFORMATION


     ITEM 1.  Legal Proceedings                                          17

     ITEM 2.  Changes in Rights of Securities Holders                    17

     ITEM 3.  Defaults by Company on its Senior Securities               17

     ITEM 4.  Results of Votes on Matters Submitted to a Vote
            of Security Holders                                          17

     ITEM 5.  Other Information                                       17-18

     ITEM 6.  Exhibits and Reports on Form 8-K                           18

     Signatures                                                          19








<PAGE>

WESTBANK CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

                                                       (Unaudited)  
(Dollar amounts in thousands)                      September 30, 1997       December 31, 1996 
<S>                                								  <C>					  <C>
ASSETS
Cash and due from banks:
    Non-interest bearing                                      $12,283                 $10,463 
    Interest bearing                                               91                      48 
Federal Funds sold                                             10,350                  12,890 
                                       
Total cash and cash equivalents                                22,724                  23,401 
                                             
Investment securities available for sale                       17,405                  14,387 
Investment securities held to maturity (approximate                                     
  market value of $35,395 in 1997 and $21,357 in 1996)         35,199                  21,295 
                              
Total securities                                               52,604                  35,682 
                                                                                  
Loans                                                $235,242                $215,207 
Mortgage loans held-for-sale                            4,762                   5,466 
Allowance for loan losses                              (2,755)                 (2,481)
                                                 
      Net-loans                                               237,249                 218,192 
Bank premises and equipment                                     4,540                   4,339 
Other real estate owned - net of         
  allowance for losses of $210 in                                                             
  1997 and $195 in 1996                                           277                     337 
Accrued interest receivable                                     1,846                   1,636 
Other assets                                                    1,605                   1,322 
                                               
TOTAL ASSETS                                                 $320,845                $284,909 
                                          
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
    Non-interest bearing                                      $49,003                 $44,715 
    Interest bearing                                          238,504                 210,776 
                                     
         Total Deposits                                       287,507                 255,491 
Borrowed funds                                                  9,842                   8,769 
Accrued interest payable                                          392                     328 
Other liabilities                                                 832                     576 
                                             
         Total Liabilities                                    298,573                 265,164 
                                                 
Stockholders' Equity:
 Common stock  - $2 par value:
      Authorized    - 9,000,000 shares                                 
      Issued   - 3,521,693 shares in 1997 and
            3,346,802 shares in 1996                            7,043                   6,694 
    Additional paid in capital                                  8,327                   7,633 
    Retained earnings                                           6,934                   5,517 
    Net unrealized loss on securities available
      for sale                                                    (32)                    (99)
                                                
       Total Stockholders' Equity                              22,272                  19,745 
                             
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                   $320,845                $284,909 
</TABLE>                     
  See accompanying notes to condensed consolidated financial statements.
<PAGE>
WESTBANK CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME



         (Unaudited)
(Dollar amounts in thousands)
                                      QUARTER ENDED           NINE MONTHS ENDED
                                     09-30-97  09-30-96       09-30-97  09-30-96
                    
Income:
  Interest and fees on loans           $5,102    $4,529       $14,614    $13,222
  Interest and dividend income 
     on securities                        811       630         2,273      1,792
  Interest on temporary investments        66        31           218        181
                                        
Total interest and dividend income      5,979     5,190        17,105     15,195
Interest expense                        2,740     2,242         7,685      6,460
                                       
Net interest income                     3,239     2,948         9,420      8,735
Provision for loan losses                           176           190        668
                                       
Net interest income after provision
  for loan losses                       3,239     2,772         9,230      8,067
                                     
Security gains                                                               112
Other non-interest income                 565       489         1,556      1,532
                         
Total non-interest income                 565       489         1,556      1,644
                            
Non-interest expenses:
  Salaries and benefits                 1,258     1,049         3,525      3,129
  Other real estate-provision for losses   11       124            34        305
                   -operating expenses      3        45            18         84
  Other non-interest expense              914       829         2,779      2,688
  Occupancy - net                         211       220           657        664
                              
Total non-interest expense              2,397     2,267         7,013      6,870
                              
Income before income taxes              1,407       994         3,773      2,841
Income taxes                              589       421         1,581      1,200
                                  

Net Income                            $   818   $   573       $ 2,192    $ 1,641
                                 
Net income per share                  $  0.22   $  0.17       $  0.61    $  0.49

Weighted average shares of common 
  stock and common share 
  equivalents                       3,627,131 3,417,503     3,570,519  3,379,961


  See accompanying notes to condensed consolidated financial statements.

<PAGE>


WESTBANK CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
YEAR ENDED DECEMBER 31, 1996 AND NINE MONTHS ENDED SEPTEMBER 30, 1997

(1997 Unaudited)
                                                                        
(Dollar amounts in thousands)
<TABLE>
<CAPTION>



                                                                               UNREALIZED
                                                                              GAIN (LOSS)
                                      COMMON STOCK      ADDITIONAL          ON SECURITIES
                               NUMBER OF           PAR     PAID IN  RETAINED    AVAILABLE
                                  SHARES         VALUE     CAPITAL  EARNINGS     FOR SALE   TOTAL 
<S>                                  <C>           <C>         <C>      <C>           <C>      <C>                           
BALANCE-DECEMBER 31, 1995      3,221,603       $ 6,443     $ 7,141  $ 4,053        $   66  $17,703 
               
Net income                             -             -           -    2,248             -    2,248 
Cash dividends declared
 ($.24 per share)                      -             -           -     (784)            -     (784)
Shares issued:
 Stock option plan                30,584            61          25        -             -       86 
 Dividend reinvestment
 and stock purchase plan          94,615           190         467        -             -      657 
Change in unrealized gain
 (loss) on securities
 available for sale                    -             -           -        -          (165)    (165)
                               
BALANCE-DECEMBER 31, 1996      3,346,802         6,694       7,633    5,517           (99)  19,745 

Net income                                                            2,192                  2,192 
Cash Dividend Declared
($0.225 per share)                                                     (775)                  (775)
                                                                                                

Shares issued:              
 Stock Option Plan                80,693           162          67                             229 

  Dividend Reinvestment
    and Stock Purchase Plan       94,198           187         627                             814 

Change in unrealized gain (loss) 
 on securities available 
 for sale                                                                              67       67 

                              
BALANCE-SEPTEMBER 30, 1997     3,521,693       $ 7,043     $ 8,327  $ 6,934         $ (32) $22,272 
                                          
</TABLE>



      See accompanying notes to condensed consolidated financial statements.

<PAGE>
WESTBANK CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 
NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
(Unaudited)
(Dollar amounts in thousands)
                                                                  1997     1996 

Operating activities:
 Net income                                                     $2,192   $1,641 
  Adjustments to reconcile net income to net cash provided by
   operating activities:
    Provision for loan losses                                      190      668 
    Depreciation and amortization                                  491      464 
    Provision for other real estate owned                           34      305 
    Accrued interest receivable                                   (210)    (102)
    Realized gain on sale of securities                                    (112)
    Realized gain on sale of other real estate owned               (55)      (3)
    Realized gain on sale of loans                                  (2)     (66)
    Realized (gain) loss on sale of equipment                       (5)     (17)
    Increase (decrease) in interest payable on deposits             64        2 
    (Increase) decrease in other assets                           (283)     301 
    Increase in other liabilities                                  256       51 
                              
    Net cash provided by operating activities                    2,672    3,132 
                                        
Investing activities:           
  Investments and mortgage-backed securities:
   Held to maturity:                                           
    Purchases                                                  (24,912)  (7,579)
    Proceeds from maturities and principal payments             11,008    4,802 
  Available for sale:               
    Purchases                                                   (4,381)  (2,456)
    Proceeds from sales                                                   2,857 
    Proceeds from maturities                                     1,478    5,238 
  Purchases of premises and equipment                             (692)    (988)
  Net increase in loans                                        (19,295) (21,719)
  Proceeds from sale of equipment                                    5       17 
  Proceeds from sale of other real estate owned                     76    2,023 
                           
    Net cash used in investing activities                      (36,706) (17,805)
                                   
Financing activities:
  Net increase (decrease) in borrowings                          1,073      817 
  Net increase in deposits                                      32,016   25,615 
  Proceeds from exercise of stock options and stock 
    purchase plan                                                1,043      553 
  Dividends paid                                                  (775)    (585)
                                
    Net cash used in financing activities                       33,357   26,400 
                                   
Increase (decrease) in cash and cash equivalents                  (677)  11,727 
Cash and cash equivalents at beginning of period                23,401   12,604 
                       
Cash and cash equivalents at end of period                     $22,724  $24,331 
                                      
Cash paid during the period:
  Interest on deposits and other borrowings                     $7,621   $6,458 
  Income taxes                                                   1,754      997 
  Transfers of loans to other real estate owned                    134    1,782 

Sales of other real estate owned financed by the bank               71      667 
                  See notes to consolidated financial statements.
<PAGE>

WESTBANK CORPORATION AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 1997 AND SEPTEMBER 30, 1996
(Unaudited)

NOTE A - GENERAL INFORMATION

Westbank Corporation (hereinafter sometimes referred to as
"Westbank" or the "Corporation") is a registered Bank Holding
Company organized to facilitate the expansion and diversification of
the business of Park West Bank and Trust Company (hereinafter
sometimes referred to as "Park West" or the "Bank") into additional
financial services related to banking.  Substantially all operating
income and net income of the Corporation are presently accounted for
by Park West.


NOTE B - CURRENT OPERATING ENVIRONMENT
The Corporation operates eleven banking offices located in Hampden
County and also operates a Trust Department providing services
normally associated with holding property in a fiduciary or agency
capacity.  A full range of retail banking services are furnished to
individuals, businesses and non-profit organizations.  The
Corporation's primary source of revenue is derived from providing
loans to customers, predominately located in Western Massachusetts.
The Corporation has recently received regulatory approval to open a
full service office in the town of Ludlow Massachusetts, the
targeted opening date for this new office is April, 1998.

The Federal Deposit Insurance Corporation Improvement Act of 1991
("FDICIA") imposes significant regulatory restrictions and
requirements on banking institutions insured by the FDIC and their
holding companies.  FDICIA established capital categories into which
financial institutions are placed based on capital level.  Each
capital category establishes different degrees of regulatory
restrictions which can apply to a financial institution.  As of
September 30, 1997, Park West's capital was at a level that placed
the Bank in the "well capitalized" category as defined by FDICIA.

FDICIA imposes a variety of other restrictions and requirements on
insured banks.  These include significant regulatory reporting
requirements such as insuring that a system of risk-based deposit
insurance premiums and civil money penalties for inaccurate deposit
assessment reports exists.  In addition, FDICIA imposes a system of
regulatory standards for bank and bank holding company operations,
detailed truth in savings disclosure requirements, and restrictions
on activities authorized by state law but not authorized for
national banks.


NOTE C - BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial
statements for the quarter and nine months ended September 30, 1997
and 1996 have been prepared in accordance with generally accepted
accounting principles for interim information and with instructions
for Form 10-Q.  Accordingly, they do not include all of the
information and notes required by generally accepted accounting
principles for complete financial statements.  In the opinion of
management, all adjustments (consisting of normal recurring
accruals) considered necessary for a fair presentation have been
included.  Operating results for the quarter and nine month period
ended September 30, 1997, are not necessarily indicative of the
results that may be expected for the year ending December 31, 1997.

For further information, please refer to the Consolidated Financial
Statements and footnotes thereto included in the Westbank
Corporation's Annual Report on Form 10-K for the year ended December
31, 1996.


NOTE D - NET INCOME PER SHARE

Earnings per share were computed by dividing net income by the
weighted average number of shares of common stock outstanding and
common stock equivalent shares arising from unexercised stock
options.  The weighted average of common and common stock
equivalents for the nine months ended September 30, 1997 and 1996,
amounted to 3,570,519 and 3,379,961 shares, respectively.

<PAGE>


New Accounting Standards

In February, 1997, the Financial Accounting Standards Board ("FASB")
issued Statement of Financial Accounting Standards No.  128 ("SFAS
128"), "Earnings Per Share," which establishes new standards for the
computation and disclosure of earnings per share ("EPS").  The new
statement requires dual presentation of "basic" EPS and "diluted"
EPS.  Basic EPS is based on the weighted average number of common
shares outstanding for the period, excluding any dilutive common
shares equivalents.  Diluted EPS reflects the potential dilution
that could occur if securities or other contracts to issue common
stock were exercised or converted.  The Company cannot adopt SFAS
128 until the fourth quarter of fiscal year 1997.  Once adopted, all
prior period EPS data must be restated.  The effect of SFAS 128, had
it been adopted beginning in fiscal year 1996, would have been to
present basic EPS that would have been greater than EPS actually
reported by $0.01 for the nine months ended September 30, 1996 and
by $0.02 for the nine month period ended September 30, 1997.  The
presentation of diluted EPS would have been the same as EPS actually
reported for the respective periods.

In June 1997, the FASB issued SFAS No.  130, "Reporting
Comprehensive Income", which requires that changes in comprehensive
income be shown in a financial statement that is displayed with the
same prominence as other financial statements.  This statement is
effective for periods beginning after December 15, 1997.  The
Company has determined that this statement will have an effect on
the presentation of the Company's financial statements.

Also, in June 1997, the FASB issued SFAS No.  131, "Disclosure About
Segments of an Enterprise and Related Information", which addresses
segment reporting.  This statement is effective for financial
statements for periods beginning after December 15, 1997.
Management is currently evaluating the effects of this change on the
Company's financial statements.


NOTE E - COMMITMENTS AND CONTINGENT LIABILITIES

In the normal course of business, there are outstanding commitments
and contingent liabilities, such as, standby letters of credit and
commitments to extend credit.  As of September 30, 1997 standby
letters of credit amounted to $734,000 and loan commitments were
$29,759,000 and unused balances available on home equity lines of
credit were $7,375,000.

Trust Assets - Property with a book value of $107,246,000 at
September 30, 1997 held for customers in a fiduciary or agency
capacity, is not included in the accompanying balance sheet since
such items are not assets of the Bank.


NOTE F - STOCKHOLDERS' EQUITY

The FDIC imposes leverage capital ratio requirements for state
non-member Banks.  The Bank's leverage capital ratio as of September
30, 1997 and December 31, 1996 was 6.90% and 6.93% respectively.  In
addition, the FDIC has established risk-based capital requirements
for insured institutions of, Tier 1 risk-based capital of 4.00% and
total risk-based capital of 8.00%.  The Bank's risk-based capital at
September 30, 1997, for Tier 1 was 10.66% and total risk-based
capital was 11.91%, which meets the FDIC criteria for a
well-capitalized financial institution.

<PAGE>

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS


Changes in Financial Condition -
Total consolidated assets amounted to $320,845,000 on September 30,
1997, compared to $284,909,000 on December 31, 1996.  As of
September 30, 1997 and September 30, 1996, earning assets amounted
to, respectively, $303,049,000 or 94% of total assets, and
$263,447,000, or 94% of total assets.  Earning assets increased
during the first nine months of 1997 as a result of increases in
securities, loans and temporary funds.  Deposits originated
throughout the Bank's branch system provided the funds to support
the increase in earning assets.

Changes in Results of Operations -
For the quarter ended September 30, 1997, net income totaled
$818,000 compared to $573,000 for the quarter ended September 30,
1996.  For the nine months ended September 30, 1997, net income was
$2,192,000 compared to $1,641,000 for the same period during 1996.
Included in the results of the nine months ended September 30, 1996
is a gain on the sale of securities totaling $112,000.

An overall increase in interest income and interest expense reflects
an increase in volume and decrease in interest rates on earning
assets and an increase in volume and rates on interest-bearing
deposits.  Further analysis is provided in sections on net interest
revenue and supporting schedules.

Allowance for Loan Losses and Non-Performing Assets - During the
most recent quarter the Corporation recognized loan recoveries
totaling $225,000, as a result no provision for loan losses was
recorded during the third quarter.  Loans written off against the
allowance for loan losses totaled $30,000.  The third quarter
recoveries were primarily the result of a partial recovery of one
commercial loan which was charged off during 1996.

After giving effect to the actions described above, the allowance
for loan losses at September 30, 1997 totaled $2,755,000 or 1.15% of
total loans, as compared to $2,481,000 or 1.12% at December 31,
1996.

Non-performing past due loans at September 30, 1997 aggregated
$1,182,000 or 0.49% of total loans compared to $2,361,000 or 1.07%
at December 31, 1996.  The percentage of non-performing and past due
loans compared to total assets on those same dates, respectively,
amounted to 0.37% and 0.83%.  The change in non-performing loans was
primarily the result of the continued resolution of problem assets.

Other real estate owned declined by $60,000 and totaled $277,000 on
September 30, 1997 compared to December 31, 1996 and stands at 0.09%
of total assets at the end of the current quarter.

Management has made every effort to recognize all circumstances
known at this time which could affect the collectibility of loan and
has reflected these in deciding as to the provision for loan losses,
the writing down of other real estate owned and impaired loans to
fair value and other loans (watch list) monitored by management, the
charge-off of loans and the balance in the allowance for loan
losses.  Management deems that the provision for the quarter, and
the balance in the allowance for loan losses, are adequate based on
results provided by the grading system and circumstances known at
this time.

<PAGE>
WESTBANK CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS - (Continued)

NET INTEREST INCOME

The Corporation's earning assets include a diverse portfolio of
earning instruments ranging from the Corporation's core business of
loan extensions to interest-bearing securities issued by federal,
state and municipal authorities.  These earning assets are financed
through a combination of interest-bearing and interest-free sources.

Net interest income, the most significant component of earnings, is
the amount by which the interest generated by assets exceeds the
interest expense on liabilities.

The Corporation analyzes its performance by utilizing the concepts
of interest rate spread and net yield on earning assets.  The
interest rate spread represents the difference between the yield on
earning assets and interest paid on interest-bearing liabilities.
The net yield on earning assets is the difference between the rate
of interest on earning assets and the effective rate paid on all
funds - interest-bearing liabilities, as well as, interest-free
sources (primarily demand deposits and shareholders' equity).

The balances and rates derived for the analysis of net interest
income presented on the following pages reflect the consolidated
assets and liabilities of the Corporation's principal earning
subsidiary, Park West Bank and Trust Company.


(Dollar amounts in thousands)     
                                      QUARTER ENDED        NINE MONTHS ENDED
                                  09-30-97    09-30-96   09-30-97    09-30-96
 
    Interest and divided income     $5,979      $5,190    $17,105     $15,195
    Interest expense                 2,740       2,242      7,685       6,460
                          
    Net interest income             $3,239      $2,948     $9,420      $8,735
                         

INTEREST RATE SPREAD AND NET YIELD ON EARNING ASSETS

(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                 QUARTER ENDED SEPT. 30,          NINE MONTHS ENDED SEPT. 30,
                                  1997             1996              1997             1996    
                                     
                            Average          Average           Average           Average       
                            Balance  Rate    Balance  Rate     Balance  Rate     Balance   Rate
                                       
<S>                      		<C>	  <C>		 <C>   <C>		   <C>	 <C>		 <C>	<C>
Earning Assets             $293,287  8.15%  $253,598  8.19%   $281,194  8.11%   $246,645   8.21%
                        
Interest-bearing
  liabilities               241,791  4.53%   207,888  4.31%    231,223  4.43     200,749   4.29 
            
Interest rate spread                 3.62             3.88              3.68               3.92 
                     
Interest-free                                         
  resources used to
  fund earning assets        51,496           45,710            49,971            45,896       
                               
Total Sources of Funds     $293,287  3.73   $253,598  3.54    $281,194  3.64    $246,645   3.49 
                         
Net Yield on Earning Assets          4.42%            4.65%             4.47%              4.72%
</TABLE>                                                     
<PAGE>
WESTBANK CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS - (Continued)


CHANGES IN NET INTEREST INCOME

(Dollar amounts in thousands)


                               QUARTER ENDED 09-30-97 NINE MONTHS ENDED 09-30-97
                                       O V E R                O V E R  
                               QUARTER ENDED 09-30-96 NINE MONTHS ENDED 09-30-96
                          
                                    CHANGE DUE TO          CHANGE DUE TO      
                               VOLUME    RATE  TOTAL   VOLUME   RATE      TOTAL
                                   
Interest Income:
Loans                           $541      $32   $573   $1,537  $(145)    $1,392 
Securities                       198      (17)   181      500    (19)       481 
Federal funds                     30        5     35       17     20         37 
                             
Total Interest Earned            769       20    789    2,054   (144)     1,910 
                           
Interest Expense:
Interest bearing deposits        393      113    506    1,013    202      1,215 
Other Borrowed Funds              (5)      (3)    (8)      (2)    12         10 
                            
Total Interest Expense          $388     $110   $498   $1,011   $214     $1,225 
                               
Net Interest Income             $381     $(90)  $291   $1,043  $(358)      $685 
                        

Net interest earned increased by $291,000 during the third quarter
of 1997 compared to the third quarter of 1996.  For the nine month
period ended September 30, 1997 net interest income increased by
$685,000 versus the same period of 1996.

Average earning assets increased by $35,549,000 during the first
nine months of 1997.  The average earning base was $281,194,000
compared to $246,645,000 in the same period last year.


OPERATING EXPENSES

The components of total operating (non-interest) expenses for the
periods and their percentage of gross income are as follows: 
(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                      QUARTER ENDED                                  NINE MONTHS ENDED       
                                        09-30-97           09-30-96             09-30-97           09-30-96
                                    Amount   Percent    Amount   Percent    Amount   Percent    Amount   Percent
<S>                                   <C>	   <C>		  <C>	   <C>		  <C>       <C>       <C>      <C>
Salaries and benefits               $1,258    19.22%    $1,049    18.50%    $3,525     18.89%   $3,129    18.60%
Other real estate - expense             14     0.22        169     3.00         52      0.28       389     2.30 
Other non-interest expense             914    13.97        829    14.60      2,779     14.89     2,688    16.00 
Occupancy - net                        211     3.22        220     3.80        657      3.52       664     3.90 
              
Total Operating Expenses            $2,397    36.63%    $2,267    39.90%    $7,013     37.58%   $6,870    40.80%
</TABLE>
                     
For the nine month period operating expenses increased by approximately 
$143,000 primarily the result of overall growth of the Corporation.
<PAGE>
WESTBANK CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS - (Continued)


CAPITAL RATIOS                                              September 30,      
                                                          1997        1996
Ratio of "Tier 1" leverage capital
  to total assets at end of period                       6.94%        6.77%

Regulatory risk-based capital requirements take into account the
different risk categories of banking organizations by assigning risk
weights to assets and the credit equivalent amounts of off-balance
sheet exposures.

In addition, capital is divided into two tiers.  For this
Corporation, Tier 1 includes the common stockholders' equity; Tier
2, or supplementary capital, includes not only the equity, but also,
a portion of the allowance for loan losses, net unrealized gain
(losses) on securities available for sale are not permitted to be
included for regulatory capital purposes.

The following are the Corporation's risk-based capital ratios:
                                                             September 30,      
                                                         1997            1996
         Tier 1 Capital (minimum required 4.00%)        10.66%          10.19%
         Tier 2 Capital (minimum required 8.00%)        11.91%          11.45%


INTEREST RATE SENSITIVITY

The following table sets forth the distribution of the repricing of
the Corporation's earning assets and interest bearing liabilities as
of September 30, 1997.


(Dollar amounts in thousands)

                              Three  Over Three    Over One      Over
                             Months   Months to     Year to      Five
                            or Less    One Year  Five Years     Years     Total
                              
Earning Assets              $62,975     $40,163    $105,532   $94,379  $303,049
Interest Bearing
  Liabilities                79,746      69,930      98,667    49,006   297,349
                          
Interest Rate
  Sensitivity Gap          $(16,771)   $(29,767)     $6,865   $45,373    $5,700
                

Cumulative Interest 
  Rate
  Sensitivity Gap          $(16,771)   $(46,538)   $(39,673)   $5,700 
                                                                            

Interest Rate 
  Sensitivity						    
  Gap Ratio                  (5.53)%     (9.82)%      2.27%    14.97%


Cumulative Interest
  Rate Sensitivity
  Gap Ratio                  (5.53)%    (15.35)%   (13.08)%     1.89%

<PAGE>

WESTBANK CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS - (Continued)


LIQUIDITY

Cash and due from banks, federal funds sold, investment securities,
mortgage-backed securities and loans available for sale, as compared
to deposits and short term liabilities, are used by the Corporation
to compute its liquidity on a daily basis.  At September 30, 1997,
the Corporation's ratio of such assets to total deposits and
borrowed funds was 23.56%.


PROVISION AND ALLOWANCE FOR LOAN LOSSES

(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                        QUARTER ENDED      NINE MONTHS ENDED  
                                     09-30-97   09-30-96  09-30-97   09-30-96
<S>                                    <C>        <C>       <C>        <C>                               
Balance at beginning of period         $2,560     $2,647    $2,481     $3,707
Provision charged to expense                         176       190        668
               
                                        2,560      2,823     2,671      4,375
                         
Charge-offs:
  Loans secured by real estate             10         77       249      1,787
  Commercial and industrial loans          12         45       155        134
  Consumer loans                            8         11        50         68
                               
                                           30        133       454      1,989
                              
Recoveries:
  Loans secured by real estate             22         39       152        328
  Commercial and industrial loans         201          2       376          4
  Consumer loans                            2          4         9         16
  Lease financing receivables                                    1          1
                                 
                                          225         45       538        349
                            								   
Net charge-offs (recoveries)             (195)        88       (84)     1,640
                                        
Balance at end of period               $2,755     $2,735    $2,755     $2,735
                             
Net Charge-offs (recoveries) to:
  Average loans                          (.08)%      .04%    (.04)%       .80%
  Loans at end of period                 (.08)%      .04%    (.03)%       .76%
  Allowance for loan losses             (7.08)%     3.22%   (3.05)%     59.96%

Allowance for loan losses
  as a percentage of:
    Average loans                        1.15%     1.28%     1.20%       1.33%
    Loans at end of period               1.15%     1.27%     1.15%       1.27%
</TABLE>
The approach the Corporation uses in determining the adequacy of the
allowance for loan losses is the combination of a target reserve and
a general reserve allocation.  Quarterly, based on an internal
review of the loan portfolio, the Corporation identifies required
reserve allocations targeted to recognized problem loans that, in
the opinion of management, have potential loss exposure or questions
relative to the depth of the collateral on these same loans.  In
addition, the Corporation allocates a general reserve against the
remainder of the loan portfolio.

<PAGE>

NON-ACCRUAL, PAST DUE AND RESTRUCTURED LOANS

(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                     09-30-97  06-30-97  03-31-97  12-31-96  09-30-96
<S>                                      <C>     <C>       <C>       <C>       <C>
Non-Accrual Loans:
Loans secured by real estate             $897    $1,143    $1,377    $1,697    $1,910
Construction/Land development                        33        78         4        10    
Commercial and Industrial Loans             6       240       238       372       750     
Consumer Loans                              9         5        14         6         1       
               
                                          912     1,421     1,707     2,079     2,671       
                                 
Loans Contractually
 past due 90 days or more
 still accruing:
Loans secured by real estate              198        15        70       274        33     
Commercial and Industrial Loans            18                  76                   6
Consumer Loans                             54        10        14         8                    
                           
                                          270        25       160       282        39       
                                 
     
                              
Total non-accrual and past due         $1,182    $1,446    $1,867    $2,361    $2,710     
                                   
Non-accrual and past due
 as a percentage of total loans         0.49%     0.62%     0.84%     1.07%     1.26%     
                                   

Allowance for loan       
 losses as a percentage of
 non accrual and past due             233.08%   177.04%   129.83%   105.08%    99.09%     
                                 

Other real estate owned - net            $277      $323      $403      $337      $793     
                               

                                  
Total non-performing assets            $1,459    $1,769    $2,270    $2,698    $3,503     
                       

Non-performing assets as a
  percentage of total assets            0.45%     0.57%     0.77%     0.95%     1.24%     
</TABLE>                    
<PAGE>

WESTBANK CORPORATION AND SUBSIDIARIES
QUARTERLY TO DATE AVERAGE BALANCES
INTEREST EARNED - INTEREST EXPENSE


(Dollar amounts in thousands)
<TABLE>
<CAPTION>

            
                                   FOR THE QUARTER ENDED            FOR THE QUARTER ENDED
                                     SEPTEMBER 30, 1997              SEPTEMBER 30, 1996           
                               Balance      Interest   Rate      Balance    Interest  Rate
<S>                     		   <C>			 <C>	<C>			 <C>		 <C>   <C>
Federal Funds sold and               
     temporary investments      $4,807           $66   5.49%      $2,547         $31  4.87%
Securities                      49,221           811   6.59       37,245         630  6.76 
Loans                          239,259         5,102   8.53      213,806       4,529  8.47 
                       

Total earning assets           293,287        $5,979   8.15      253,598      $5,190  8.19 
                                     
Loan loss allowance             (2,692)                           (2,701)
All other assets                18,766                            19,430 
                               
TOTAL ASSETS                  $309,361                          $270,327 
                     
LIABILITIES AND EQUITY                                       
                                                             
Interest bearing deposits     $233,504        $2,680   4.59     $198,865      $2,174  4.37 
Borrowed funds                   8,287            60   2.90        9,023          68  3.01 
                            
Total interest bearing    
   liabilities                 241,791        $2,740   4.53      207,888      $2,242  4.31 
                               
Interest rate spread                                   3.62%                          3.88%
                                                                                   
Demand deposits                 44,265                            42,646 
Other liabilities                1,536                             1,091 
Shareholders' equity            21,769                            18,702 
                                          
TOTAL LIABILITIES
      AND EQUITY              $309,361                          $270,327 
                           

NET INTEREST INCOME                           $3,239                          $2,948 
                                
Interest Earned/Earning Assets                         8.15%                          8.19%

Interest Expense/Earning Assets                        3.73                           3.54 
                              
Net Yield on Earning Assets                            4.42%                          4.65%
</TABLE>                                   
<PAGE>                                    


WESTBANK CORPORATION AND SUBSIDIARIES
YEAR TO DATE AVERAGE BALANCES
INTEREST EARNED - INTEREST EXPENSE


(Dollar amounts in thousands)
<TABLE>
<CAPTION>

            
                                     NINE MONTHS ENDED             NINE MONTHS ENDED      
                                     SEPTEMBER 30, 1997           SEPTEMBER 30, 1996           
                               Balance      Interest    Rate   Balance  Interest    Rate
<S>                     		   <C>			 <C>	 <C>	   <C>		<C>		 <C>
Federal Funds sold and               
  temporary investments         $5,433          $218    5.35%   $4,624      $181    5.21%
Securities                      46,024         2,273    6.58    36,361     1,792    6.57 
Loans                          229,737        14,614    8.48   205,660    13,222    8.57 
                       

Total earning assets           281,194       $17,105    8.11   246,645   $15,195    8.21 
                                     
Loan loss allowance             (2,576)                         (3,369)
All other assets                18,128                          19,285 
                               
TOTAL ASSETS                  $296,746                        $262,561 
                     		    
LIABILITIES AND EQUITY                                       
                                                             
Interest bearing deposits     $222,670        $7,483    4.48  $192,074    $6,268    4.35 
Borrowed funds                   8,553           202    3.15     8,675       192    2.95 
                            
Total interest bearing    
   liabilities                 231,223        $7,685    4.43   200,749    $6,460    4.29 
                                      
Interest rate spread                                    3.68%                       3.92%
                                                                                   
Demand deposits                 43,060                          42,436 
Other liabilities                1,554                           1,098 
Shareholders' equity            20,909                          18,278 
                                          
TOTAL LIABILITIES
      AND EQUITY              $296,746                        $262,561 
                           

NET INTEREST INCOME                           $9,420                      $8,735 
                         

Interest Earned/Earning Assets                          8.11%                       8.21%

Interest Expense/Earning Assets                         3.64                        3.49 
                                            
Net Yield on Earning Assets                             4.47%                       4.72%
                                               
</TABLE>                                   
<PAGE>



WESTBANK CORPORATION AND SUBSIDIARIES
PART II - OTHER INFORMATION



ITEM 1.   Legal Proceedings - None


ITEM 2.   Changes in Rights of Securities Holders - None


ITEM 3.   Defaults by Company on its Senior Securities - None


ITEM 4.   Results of Votes on Matters Submitted to a Vote of Security Holders - 
          None


ITEM 5.   Other Information

a.   Information Concerning Forward-Looking Statements.

         Westbank has made and may make in the future forward
         looking statements concerning future performance, including
         but not limited to future earnings, and events or
         conditions which may affect such future performance.  These
         forward looking statements are based upon management's
         expectations and belief concerning possible future
         developments and the potential effect of such future
         developments on Westbank.  There is no assurance that such
         future developments will be in accordance with management's
         expectations and belief or that the effect of any future
         developments on Westbank will be those anticipated by
         Westbank management.

         All assumptions that form the basis of any forward looking
         statements regarding future performance, as well as events
         or conditions which may affect such future performance, are
         based on factors that are beyond Westbank's ability to
         control or predict with precision, including future market
         conditions and the behavior of other market participants.
         Among the factors that could cause actual results to differ
         materially from such forward looking statements are the
         following:

         1.   The status of the economy in general, as well as in
              Westbank's prime market area, Western Massachusetts;

         2.   The recovery of the real estate market in Western
              Massachusetts;

         3.   Competition in Westbank's prime market area from other
              banks, especially in light of continued consolidation
              in the New England banking industry.

         4.   Any changes in federal and state bank regulatory
              requirements;

         5.   Changes in interest rates; and

         6.   The cost and other effects of unanticipated legal and
              administrative cases and proceedings, settlements and
              investigations.

              While Westbank periodically reassesses material trends
              and uncertainties affecting the Corporation's
              performance in connection with its preparation of
              management's discussion and analysis of results of
              operations and financial condition contained in its
              quarterly and annual reports, Westbank does not intend
              to review or revise any particular forward looking
              statement in light of future events.

b.   Registration on Form S-3

         On June 19, 1997 the Corporation filed a registration
         statement on Form S-3, which is hereby incorporated by
         reference.
<PAGE>

c.   Registration of Form S-8

         On June 19, 1997 the Corporation filed a registration
         statement on Form S-8, which is hereby incorporated by
         reference.


ITEM 6.   Exhibits and Reports on Form 8

a.   Exhibits
                                EXHIBIT INDEX 
 
                                                                      Page No.
 
 
         3.   Articles of Organization, as amended                          **
  
              (a)  Articles of Organization, as amended                      *
  
              (b)  By-Laws, as amended                                       *
  
         10.1 Employment Contract dated October 1, 1986, between
              William A. Franks, Jr. and Westbank Corporation              ***
  
         10.12     Termination Agreement dated February 20, 1987, between
              Donald R. Chase and Park West Bank and Trust Company         ***
  
         10.14     Termination Agreement dated February 20, 1987, between
         Stanley F. Osowski and CCB, Inc.                                  ***
  
         10.15     1985 Incentive Stock Option Plan for Key Employees        *

         10.16     1995 Directors Stock Option Plan                       ****

         10.17     1996 Stock Incentive Plan                             *****

         13.  1996 Annual Report to Stockholders            ARS (IFC 1-36 IBC)
  
         21.       Subsidiaries of Registrant                           ******

         27.  Financial Data Schedule                           TO BE INCLUDED

         *         Incorporated by reference to identically numbered
                   exhibits contained in Registrant's Annual Report on
                   Form 10-K for the year ended December 31, 1988
  
         **        Incorporated by reference to identically numbered
                   exhibits contained in Registrant's Annual Report on
                   Form 10-K for the year ended December 31, 1987
  
         ***       Incorporated by reference to identically numbered
                   exhibits contained in Registrant's Annual Report on
                   Form 10-K for the year ended December 31, 1986
  
         ****      Incorporated by reference to identically numbered
                   exhibits contained in Registrant's Annual Report on
                   Form 10-K for the year ended December 31, 1995

         *****     Incorporated by reference to identically numbered
                   exhibits contained in Registrant's 1996 Proxy
                   Statement

         ******    Incorporated by reference to identically numbered
                   exhibits contained in Registrant's Annual Report
                   on Form 10-K for the year ended December 31,
                   1996.

b.   Reports on Form-8 - None


WESTBANK CORPORATION AND SUBSIDIARIES



Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Quarterly Report to be signed on
its behalf by the undersigned thereunto duly authorized.








                                           WESTBANK CORPORATION               






Date:   November 12, 1997                                 
                                         Donald R. Chase 
                                         President and 
                                         Chief Executive Officer









Date:   November 12, 1997                       
                                         John M. Lilly  
                                         Treasurer and 
                                         Chief Financial Officer
























10Q.697