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 June 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: 3,490,358 shares
outstanding as of July 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

     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)                                June 30, 1997 December 31, 1996 
<S>                                					  	             <C>		      <C>
ASSETS
Cash and due from banks:
    Non-interest bearing                                         $  13,990         $  10,463 
    Interest bearing                                                    60                48 
Federal Funds sold                                                   7,600            12,890 
                                       
Total cash and cash equivalents                                     21,650            23,401 
                                             
Investment securities available for sale                            17,578            14,387 
Investment securities held to maturity (approximate                                     
  market value of $29,275 in 1997 and $21,357 in 1996)              29,272            21,295 
                              
Total securities                                                    46,850            35,682 
                                                                                  
Loans                                                   $ 228,665           $ 215,207 
Mortgage loans held-for-sale                                4,976               5,466 
Allowance for loan losses                                  (2,560)             (2,481)
                                                 
      Net-loans                                                    231,081           218,192 
Bank premises and equipment                                          4,459             4,339 
Other real estate owned - net of         
  allowance for losses of $236 in                                                             
  1996 and $65 in 1995                                                 323               337 
Accrued interest receivable                                          1,995             1,636 
Other assets                                                         1,538             1,322 
                                               
TOTAL ASSETS                                                     $ 307,896         $ 284,909 
                                          
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
    Non-interest bearing                                         $  45,387         $  44,715 
    Interest bearing                                               228,975           210,776 
                                     
         Total Deposits                                            274,362           255,491 
Borrowed funds                                                      10,778             8,769 
Accrued interest payable                                               371               328 
Other liabilities                                                    1,133               576 
                                             
         Total Liabilities                                         286,644           265,164 
                                                 
Stockholders' Equity:
 Common stock  - $2 par value
      Authorized    - 9,000,000 shares                                 
      Issued   - 3,473,046 shares in 1997 and
            3,346,802 shares in 1996                                 6,946             6,694 
    Additional paid in capital                                       8,001             7,633 
    Retained earnings                                                6,376             5,517 
    Net unrealized gain (loss) on securities available
      for sale                                                         (71)              (99)
                                                
       Total Stockholders' Equity                                   21,252            19,745 
                             
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                       $ 307,896         $ 284,909 
</TABLE>                     
  See accompanying notes to condensed consolidated financial statements.

<PAGE>
WESTBANK CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
<TABLE>
<CAPTION>

         (Unaudited)
(Dollar amounts in thousands)
                                      QUARTER ENDED           SIX MONTHS ENDED
                                     06-30-97  06-30-96       06-30-97  06-30-96
<S>                    					<C>		  <C>			 <C>	   <C>
Income:
  Interest and fees on loans           $4,869   $ 4,358        $ 9,512   $ 8,693
  Interest and dividend income 
     on securities                        792       626          1,462     1,162
  Interest on temporary investments        37        69            152       150
                                        
Total interest and dividend income      5,698     5,053         11,126    10,005
Interest expense                        2,534     2,147          4,945     4,218
                                       
Net interest income                     3,164     2,906          6,181     5,787
Provision for loan losses                  40       352            190       492
                                       
Net interest income after provision
  for loan losses                       3,124     2,554          5,991     5,295
                                     
Security gains                                                               112
Other non-interest income                 485       551            991     1,043
                         
Total non-interest income                 485       551            991     1,155
                            
Non-interest expenses:
  Salaries and benefits                 1,139     1,036          2,267     2,080
  Other real estate-provision for losses   23        50             23       181
                   -operating expenses      7        19             15        39
  Other non-interest expense              931       919          1,865     1,859
  Occupancy - net                         223       226            446       443
                              
Total non-interest expense              2,323     2,250          4,616     4,602
                              
Income before income taxes              1,286       855          2,366     1,848
Income taxes                              549       350            992       779
                                  

Net Income                            $   737   $   505        $ 1,374   $ 1,069
                                 
Net income per share                  $  0.21   $  0.15        $  0.39   $  0.32

Weighted average shares of common 
  stock and common share 
  equivalents                       3,554,125 3,403,431      3,543,085 3,377,086

  </TABLE>
  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 SIX MONTHS ENDED JUNE 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 

Cash Dividend Declared
($0.15 per share)                                                (515)                (515)
                                                                                                

Shares issued:              
 Stock Option Plan                76,743       154        60                           214 

Dividend Reinvestment
and Stock Purchase Plan           49,501        98       308                           406 

Change in unrealized gain (loss) 
 on securities available 
 for sale                                                                   28          28 

Net income                                                      1,374                1,374 
                              
BALANCE-JUNE 30, 1997          3,473,046   $ 6,946   $ 8,001  $ 6,376    $ (71)   $ 21,252 
</TABLE>                                          

 
      See accompanying notes to condensed consolidated financial statements.


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

Operating activities:
 Net income                                                    $1,374  $ 1,069 
  Adjustments to reconcile net income to net cash provided by
   operating activities:
    Provision for loan losses                                     190      492 
    Depreciation and amortization                                 327      309 
    Provision for other real estate owned                          23      181 
    (Increase) Decrease in accrued interest receivable           (359)    (137)
    Realized gain on sale of securities                                   (112)
    Realized (gain) loss on sale of other real estate owned                 24 
    Realized (gain) loss on sale of loans                                  (66)
    Realized (gain) loss on sale of equipment                     (14)     (17)
    Increase (decrease) in interest payable on deposits            43       (9)
    (Increase) decrease in other assets                          (216)     (27)
    Increase (decrease) in other liabilities                      557       67 
                              
    Net cash provided by operating activities                   1,925    1,774 
                                        
Investing activities:           
  Investments and mortgage-backed securities:
   Held to maturity:                                           
    Purchases                                                 (13,480)  (6,382)
    Proceeds from maturities and principal payments             5,492    3,286 
  Available for sale:               
    Purchases                                                  (4,013)  (2,456)
    Proceeds from sales                                                  2,857 
    Proceeds from maturities                                      861    3,679 
  Purchases of premises and equipment                            (447)  (1,071)
  Net (increase) decrease in loans                            (13,164) (15,166)
  Proceeds from sale of equipment                                  14       17 
  Proceeds from sale of other real estate owned                    76      990 
                           
    Net cash used in investing activities                     (24,661) (14,246)
                                   
Financing activities:
  Net increase (decrease) in borrowings                         2,009    5,117 
  Net increase (decrease) in deposits                          18,871    9,846 
  Proceeds from exercise of stock options and 
    stock purchase plan                                           620      355 
  Dividends paid                                                 (515)    (388)
                                
    Net cash used in financing activities                      20,985   14,930 
                                   
Increase (decrease) in cash and cash equivalents               (1,751)   2,458 
Cash and cash equivalents at beginning of period               23,401   12,604 
                       
Cash and cash equivalents at end of period                    $21,650  $15,062 
                                      
Cash paid during the year:
  Interest on deposits and other borrowings                    $4,902   $4,227 
  Income taxes                                                    950      511 
  Transfers of loans to other real estate owned                    85    1,481 

Sales of other real estate owned financed by the bank                       72
 
                  See notes to consolidated financial statements.
<PAGE>
WESTBANK CORPORATION AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
QUARTER AND SIX MONTHS ENDED JUNE 30, 1997 AND JUNE 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 June
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 six months ended June 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 six month period
ended June 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 six months ended June 30, 1997 and 1996,
amounted to 3,543,085 and 3,377,086 shares, respectively.

<PAGE>


New Accounting Standard

In February, 1997, the Financial Accounting Standards Board 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 six months ended June 30, 1996 and by
$0.01 for the six month period ended June 30, 1997.  The
presentation of diluted EPS would have been the same as EPS actually
reported for the respective periods.


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 June 30, 1997 standby letters
of credit amounted to $575,000 and loan commitments were $28,407,000
and unused balances available on home equity lines of credit were
$7,652,000.

Trust Assets - Property with a book value of $108,009,000 at June
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 June 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
June 30, 1997, for Tier 1 was 10.08% and total risk- based capital
was 11.33%, 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 $307,896,000 on June 30, 1997,
compared to $284,909,000 on December 31, 1996.  As of June 30, 1997
and June 30, 1996, earning assets amounted to, respectively,
$288,151,000 or 94% of total assets, and $269,293,000, or 94% of
total assets.  Earning assets increased during the first six 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 June 30,
1997, net income totaled $737,000 compared to $505,000 for the
quarter ended June 30, 1996.  For the six months ended June 30,
1997, net income was $1,374,000 compared to $1,069,000 for the same
period during 1996.  Included in the results of the six months ended
June 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/Lease Losses and Non-Performing Assets - A
significant decrease has been reflected in the provision for loan
losses in the current quarter with $40,000 being provided compared
to $352,000 for the same period in 1996.  Loans and leases written
off against the allowance for loan/lease losses after recoveries
amounted to net recoveries of $96,000 for the six months ended June
30, 1997.

After giving effect to the actions described above, the allowance
for loan/lease losses at June 30, 1997 totaled $2,560,000 or 1.10%
of total loans/leases, as compared to $2,481,000 or 1.12% at
December 31, 1996.

Non-performing past due loans/leases at June 30, 1997 aggregated
$1,446,000 or 0.62% of total loans/leases compared to $2,361,000 or
1.07% at December 31, 1996.  The percentage of non-performing and
past due loans/leases compared to total assets on those same dates,
respectively, amounted to 0.47% and 0.83%.

The change in non-performing loans was primarily the result of the
continued resolution of problem assets.

Other real estate owned remained level at June 30, 1997 totaling
$323,000 as compared to December 31, 1996 and stands at 0.10% 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/leases and has reflected these in deciding as to the provision
for loan/lease 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/leases and the
balance in the allowance for loan/lease losses.  Management deems
that the provision for the quarter, and the balance in the allowance
for loan/lease 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        SIX MONTHS ENDED
                                  06-30-97  06-30-96     06-30-97  06-30-96
 
    Interest and divided income     $5,698    $5,053      $11,126   $10,005
    Interest expense                 2,534     2,147        4,945     4,218
                          
    Net interest income             $3,164    $2,906       $6,181    $5,787
                         

INTEREST RATE SPREAD AND NET YIELD ON EARNING ASSETS

(Dollar amounts in thousands)
<TABLE>
<CAPTION>
                                   QUARTER ENDED JUNE 30,        SIX MONTHS ENDED JUNE 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             $279,168  8.16%  $247,775  8.16%  $275,149  8.09%  $243,170  8.23%
                        
Interest-bearing
  liabilities               229,261  4.42%   202,268  4.25%   225,941  4.38    197,180  4.28 
            
Interest rate spread                 3.74             3.91             3.71             3.95 
                     
Interest-free                                         
  resources used to
  fund earning assets        49,907           45,507           49,208          45,990       
                               
Total Sources of Funds     $279,168  3.63   $247,775  3.47   $275,149  3.59  $243,170   3.47 
                         
Net Yield on Earning Assets          4.53%            4.69%            4.50%            4.76%
</TABLE>                                                     
<PAGE>

WESTBANK CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS - (Continued)
<TABLE>
<CAPTION>
CHANGES IN NET INTEREST INCOME

(Dollar amounts in thousands)


                               QUARTER ENDED 06-30-97  SIX MONTHS ENDED 06-30-97
                                      O V E R                  O V E R        
                               QUARTER ENDED 06-30-96  SIX MONTHS ENDED 06-30-96                          
                                   CHANGE DUE TO          CHANGE DUE TO
                              VOLUME    RATE  TOTAL  VOLUME   RATE     TOTAL
<S>                              <C>     <C>    <C>     <C>    <C>       <C>                                       
Interest Income:
Loans                           $506      $5   $511    $996  $(177)      $819 
Securities                       180     (14)   166     302     (2)       300 
Federal funds                    (42)     10    (32)    (13)    15          2 
                             
Total Interest Earned            644       1    645   1,285   (164)     1,121 
                           
Interest Expense:
Interest bearing deposits        278      86    364     620     90        710 
Other Borrowed Funds               9      14     23       3     14         17 
                            
Total Interest Expense          $287    $100   $387    $623   $104       $727 
                               
Net Interest Income             $357    $(99)  $258    $662  $(268)      $394 
</TABLE>                        

Net interest earned increased by $258,000 during the second quarter
of 1997 compared to the second quarter of 1996.  For the six month
period ended June 30, 1997 net interest income increased by $394,000
versus the same period of 1996.

Average earning assets increased by $31,979,000 during the first six
months of 1997.  The average earning base was $275,149,000 compared
to $243,170,000 in the same period last year.


OPERATING EXPENSES

The components of total operating expenses for the periods and their
percentage of gross income are as follows: (Dollar amounts in
thousands)
<TABLE>
<CAPTION>
                                             QUARTER ENDED                    SIX MONTHS ENDED       
                                     06-30-97            06-30-96        06-30-97           06-30-96    
                              
                                    Amount Percent    Amount Percent Amount   Percent   Amount   Percent
<S>                                  <C>     <C>       <C>     <C>     <C>       <C>      <C>     <C>   
Salaries and benefits               $1,139  18.42%    $1,036  18.49% $2,267     18.71%  $2,080   18.64%
Other real estate - expense             30   0.48         69   1.23      38      0.31      220    1.97 
Other non-interest expense             931  15.06        919  16.40   1,865     15.39    1,859   16.65 
Occupancy - net                        223   3.61        226   4.03     446      3.68      443    3.98 
              
Total Operating Expenses            $2,323  37.57%    $2,250  40.15% $4,616     38.09%  $4,602   41.24%
                     
For the six month period ended June 30, 1997, operating expenses
increased by approximately $14,000 over the 1996 period.  The
increase was a result of increases in salary and benefits totaling
$187,000 offset by reductions in other real estate expenses of
$182,000.

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


COMPONENTS RATIOS                        		  6/30/97         6/30/96
Ratio of "Tier 1" leverage capital
  to total assets at end of period                  6.90%           6.93%

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 at
June 30, 1997:

         Tier 1 Capital (minimum required 4.00%)   10.06%
         Tier 2 Capital (minimum required 8.00%)   11.31%


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 June 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             $60,037      $42,411    $101,314   $84,389   $288,151
Interest Bearing
  Liabilities               76,383       70,483      92,885         2    239,753
                          
Interest Rate
  Sensitivity Gap         $(16,346)    $(28,072)     $8,429   $84,387    $48,398
                

Cumulative Interest 
  Rate
  Sensitivity Gap         $(16,346)    $(44,418)   $(35,989)  $48,398             
                                                                            

Interest Rate 
  Sensitivity
  Gap Ratio                 (5.67)%      (9.74)%       2.93%   29.28%


Cumulative Interest
  Rate Sensitivity
  Gap Ratio                 (5.67)%     (15.41)%     (12.48)%  16.80%
<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 June 30, 1997, the
Corporation's ratio of such assets to total deposits and borrowed
funds was 21.26%.


PROVISION AND ALLOWANCE FOR LOAN LOSSES

</TABLE>
<TABLE>
<CAPTION>
(Dollar amounts in thousands)
                                         QUARTER ENDED        SIX MONTHS ENDED  
                                     06-30-97  06-30-96     06-30-97     06-30-96
<S>                						<C>		   <C>		   <C>			 <C>
Balance at beginning of period         $2,424    $3,916       $2,481       $3,707
Provision charged to expense               40       352          190          492
               
                                        2,464     4,268        2,671        4,199
                         
Charge-offs:
  Loans secured by real estate            155     1,528          239        1,710
  Commercial and industrial loans          12        75          143           89
  Consumer loans                           28        30           42           57
                               
                                          195     1,633          424        1,856
                              
Recoveries:
  Loans secured by real estate            111         6          130          289
  Commercial and industrial loans         174         1          175            2
  Consumer loans                            5         5            7           12
  Lease financing receivables               1                      1            1
                                 
                                          291        12          313          304
                            
Net charge-offs (recoveries)              (96)    1,621          111        1,552
                                        
Balance at end of period               $2,560    $2,647       $2,560       $2,647
                             
Net Charge-offs to:
  Average loans                          (.04)%     .79%         .05%         .77%
  Loans at end of period                 (.04)%     .77%         .05%         .74%
  Allowance for loan losses             (3.75)%   61.24%        4.34%       58.63%

Allowance for loan losses
  as a percentage of:
    Average loans                        1.12%     1.29%        1.14%        1.31%
    Loans at end of period               1.10%     1.26%        1.10%        1.26%
</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
<TABLE>
<CAPTION>
(Dollar amounts in thousands)

                                     06-30-97  03-31-97  12-31-96  09-30-96  06-30-96
<S>										 <C>      <C>       <C>        <C>       <C>
Non-Accrual Loans:
Loans secured by real estate           $1,143    $1,377    $1,697    $1,910    $2,116
Construction/Land development              33        78         4        10        19
Commercial and Industrial Loans           240       238       372       750       856
Consumer Loans                              5        14         6         1         1
               
                                        1,421     1,707     2,079     2,671     2,992
                                 
Loans Contractually
 past due 90 days or more
 still accruing:
Loans secured by real estate               15        70       274        33         0
Commercial and Industrial Loans             0        76         0         6        43
Consumer Loans                             10        14         8         0         0
                           
                                           25       160       282        39        43
                                 
Restructured Loans                          0         0         0         0        78
                              
Total non-accrual, past
 due and restructured
 loans                                 $1,446    $1,867    $2,361    $2,710    $3,113
                                   
Non-accrual, past due and
 restructured loans      
 as a percentage of total
 loans                                  0.62%     0.84%     1.07%     1.26%     1.48%
                                   

Allowance for loan       
 losses as a percentage of
 non accrual, past due and                                   
 restructured loans                   177.04%   129.83%   105.08%    99.09%    85.03%
                                 

OTHER REAL ESTATE

Other real estate owned - net            $323      $403      $337      $793    $1,303
                               

                                  
Total non-performing assets            $1,769    $2,270    $2,698    $3,503    $4,416
                       

Non-performing assets as a
  percentage of total assets            0.57%     0.77%     0.95%     1.24%     1.64%
</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
                                            JUNE 30, 1997                 JUNE 30, 1996           
                                  Balance      Interest   Rate    Balance    Interest   Rate
<S>                         					   <C>  	          <C>	   <C>	     <C>		         <C>	  <C>
Federal Funds sold and               
     temporary investments         $2,781           $37   5.32%    $6,020         $69   4.58%
Securities                         48,233           792   6.57     37,342         626   6.71 
Loans/leases                      228,154         4,869   8.54    204,413       4,358   8.53 
                       

Total earning assets              279,168        $5,698   8.16    247,775      $5,053   8.16 
                                     
Loan loss allowance                (2,500)                         (3,598)
All other assets                   18,128                          19,584 
                               
TOTAL ASSETS                     $294,796                        $263,761 
                     
LIABILITIES AND EQUITY                                       
                                                             
Interest bearing deposits        $219,436        $2,450   4.47   $193,624      $2,086   4.31 
Borrowed funds                      9,825            84   3.42      8,644          61   2.82 
                            
Total interest bearing    
   liabilities                    229,261        $2,534   4.42    202,268      $2,147   4.25 
                               
Interest rate spread                                      3.72%                         3.91%
                                                                                   
Demand deposits                    43,037                          42,134 
Other liabilities                   1,687                           1,148 
Shareholders' equity               20,811                          18,211 
                                          
TOTAL LIABILITIES
      AND EQUITY                 $294,796                        $263,761 
                           

NET INTEREST INCOME                             $3,164                          $2,906 
                                
Interest Earned/Earning Assets                            8.16%                         8.16%

Interest Expense/Earning Assets                           3.63                          3.47 
                              
Net Yield on Earning Assets                               4.53%                         4.69%
</TABLE>
<PAGE>


WESTBANK CORPORATION AND SUBSIDIARIES
YEAR TO DATE AVERAGE BALANCES
INTEREST EARNED - INTEREST EXPENSE
<TABLE>
<CAPTION>

(Dollar amounts in thousands)


            
                                             SIX MONTHS ENDED              SIX MONTHS ENDED      
                                               JUNE 30, 1997                 JUNE 30, 1996           
                                     Balance      Interest   Rate    Balance    Interest   Rate
<S>                     			   <C>			  <C>    <C>       <C>          <C>    <C>
Federal Funds sold and               
  temporary investments               $5,747          $152   5.29%    $6,288        $150   4.77%
Securities                            44,426         1,462   6.58     35,293       1,162   6.58 
Loans/leases                         224,976         9,512   8.46    201,589       8,693   8.62 
                       

Total earning assets                 275,149       $11,126   8.09    243,170     $10,005   8.23 
                                     
Loan loss allowance                   (2,518)       (3,703)
All other assets                      17,810        19,212 
                               
TOTAL ASSETS                        $290,441      $258,679 
                     
LIABILITIES AND EQUITY                                       
                                                             
Interest bearing deposits           $217,254        $4,805   4.42   $188,679      $4,094   4.34 
Borrowed funds                         8,687           140   3.22      8,501         124   2.92 
                            
Total interest bearing    
   liabilities                       225,941        $4,945   4.38    197,180      $4,218   4.28 
                                      
Interest rate spread                                         3.71%                         3.95%
                                                                                   
Demand deposits                       42,457                          42,330 
Other liabilities                      1,564                           1,102 
Shareholders' equity                  20,479                          18,067 
                                          
TOTAL LIABILITIES
      AND EQUITY                    $290,441                        $258,679 
                           

NET INTEREST INCOME                                 $6,181                        $5,787 
                         

Interest Earned/Earning Assets                               8.09%                         8.23%

Interest Expense/Earning Assets                              3.59                          3.47 
                                            
Net Yield on Earning Assets                                  4.50%                         4.76%
                                               
</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 Events

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
<PAGE>

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:   August 7, 1997
                                     Donald R. Chase                          
                                     President and Chief Executive Officer









Date:   August 7, 1997
                                     John M. Lilly                             
                                     Treasurer and Chief Financial Officer