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 March 31, 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: 3,465,952 shares
     outstanding as of April 30, 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                                           9-15


                        PART II - OTHER INFORMATION


     ITEM 1.  Legal Proceedings                                          16

     ITEM 2.  Changes in Rights of Securities Holders                    16

     ITEM 3.  Defaults by Company on its Senior Securities               16

     ITEM 4.  Results of Votes on Matters Submitted to a Vote
            of Security Holders                                          16

     ITEM 5.  Other Information                                          16

     ITEM 6.  Exhibits and Reports on Form 8-K                           16

     Signatures                                                          17




<PAGE>

WESTBANK CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                  (Unaudited)  
(Dollar amounts in thousands)                  March 31, 1997  December 31, 1996
<S>                                                     <C>                <C>                                
ASSETS
Cash and due from banks:
    Non-interest bearing                            $  11,397          $  10,463
    Interest bearing                                       66                 48
Federal Funds sold                                      8,310             12,890
                                       
Total cash and cash equivalents                        19,773             23,401
                                                              
Investment securities available for sale               15,942             14,387
Investment securities held to maturity (approximate                                     
  market value of $29,483 in 1997 and
  $21,357 in 1996)                                     29,685             21,295
                                  
Total securities                                       45,627             35,682
                                                
Loans                                   $ 218,194             $ 215,207 
Mortgage loans held-for-sale                5,092                 5,466 
   Allowance for loan losses               (2,424)               (2,481)
                                                 
      Net-loans                                       220,862            218,192
Bank premises and equipment                             4,427              4,339
Other real estate owned (OREO) - net of         
  allowance for losses of $195 in                                                             
  1997 and $195 in 1996                                   403                337
Accrued interest receivable                             1,796              1,636
Other assets                                            1,606              1,322
                                               
TOTAL ASSETS                                        $ 294,494          $ 284,909
                                          
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
    Non-interest bearing                            $  43,598          $  44,715
    Interest bearing                                  220,519            210,776
                                     
         Total Deposits                               264,117            255,491
Borrowed funds                                          8,394              8,769
Accrued interest payable                                  356                328
Other liabilities                                       1,207                576
                                             
         Total Liabilities                            274,074            265,164
                                                 
Stockholders' Equity:
 Common stock  - $2 par value
      Authorized    - 9,000,000 shares                                 
      Issued   - 3,447,124 shares in 1997 and
            3,346,802 shares in 1996                    6,894              6,694
    Additional paid in capital                          7,856              7,633
    Retained earnings                                   5,897              5,517
    Net unrealized gain/(loss) on securities available
      for sale                                           (227)               (99)
                                                
       Total Stockholders' Equity                      20,420             19,745
                             
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          $ 294,494          $ 284,909
</TABLE>                      
  See accompanying notes to condensed consolidated financial statements.

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




(Dollar amounts in thousands)
Three months ended March 31,                              1997           1996
                                                    (Unaudited)
                    
Income:
  Interest and fees on loans                           $ 4,643          $ 4,335 
  Interest and dividend income 
     on securities                                         670              536 
  Interest on temporary investments                        115               81 
                                        
Total interest and dividend income                       5,428            4,952 
Interest expense                                         2,411            2,071 
                                       
Net interest income                                      3,017            2,881 
Provision for loan losses                                  150              140 
                                       
Net interest income after provision
  for loan losses                                        2,867            2,741 
                                     
Security gains                                               0              112 
Other non-interest income                                  506              492 
                         
Total non-interest income                                  506              604 
                            
Non-interest expenses:
  Salaries and benefits                                  1,128            1,044 
  Other real estate-provision for losses                     0              131 
                   -operating expenses                       8               20 
  Other non-interest expense                               934              940 
  Occupancy - net                                          223              217 
                              
Total non-interest expense                               2,293            2,352 
                              
Income before income taxes                               1,080              993 
Income taxes                                               443              429 
                                  

Net Income                                             $   637          $   564 
                                 
Net income per share                                   $  0.18          $  0.17 

Weighted average shares of common 
  stock and common share 
  equivalents                                        3,514,102        3,351,437 
  


  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 THREE MONTHS ENDED MARCH 31, 1997

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


																	  UNREALIZED
                                                                      GAIN
                                                                      (LOSS) ON
                                      COMMON STOCK   ADDT'L.          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	   
(0.24 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
($0.75 per share)                                                (257)                (257)
                                                                                                

Shares issued:              
 Stock Option Plan                72,243       145        43                           188 

Dividend Reinvestment
and Stock Purchase Plan           28,079        55       180                           235 

Change in unrealized gain (loss) 
 on securities available 
 for sale                                                                 (128)       (128)

Net income                                                        637                  637 
                              
BALANCE-MARCH 31, 1997         3,447,124   $ 6,894   $ 7,856  $ 5,897   $ (227)   $ 20,420 
</TABLE>                                          




      See accompanying notes to condensed consolidated financial statements.
<PAGE>

WESTBANK CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 


(Dollar amounts in thousands)
Three months ended March 31,                                     1997     1996 

Operating activities:
 Net income                                                     $ 637    $ 564 
  Adjustments to reconcile net income to net cash provided by
   operating activities:
    Provision for loan losses                                     150      140 
    Depreciation and amortization                                 163      140 
    Provision for other real estate owned                           0      131 
    Decrease (increase) in accrued interest receivable           (160)      24 
    Realized gain on sale of securities                             0     (112)
    Realized loss on sale of other real estate owned                0       10 
    Decrease (increase) in other assets                          (284)     328 
    Increase in interest payable on deposits                       28       16 
    Increase (decrease) in other liabilities                      631     (227)
                              
    Net cash provided by operating activities                   1,165    1,014 
                                        
Investing activities:           
  Investments and mortgage-backed securities:
   Held to maturity:                                           
    Purchases                                                 (11,481)  (1,497)
    Proceeds from maturities and principal payments             3,091    3,260 
  Available for sale:               
    Purchases                                                  (1,714)  (1,990)
    Proceeds from sales                                             0    3,083 
    Proceeds from maturities and principal payments                30        0 
  Purchases of premises and equipment                            (251)    (550)
  Net (increase) decrease in loans                             (2,886)   1,292 
  Proceeds from sale of other real estate owned                     0      102 
                           
    Net cash provided by (used in) investing activities       (13,211)   3,700 
                                   
Financing activities:
  Net increase (decrease) in borrowings                          (375)   1,513 
  Net increase (decrease) in deposits                           8,626    5,807 
  Proceeds from exercise of stock options 
    and stock purchase plan                                       423      166 
  Dividends paid                                                 (256)    (193)
                                
    Net cash used by financing activities                       8,418    7,293 
                                   
Increase (decrease) in cash and cash equivalents               (3,628)  12,007 
Cash and cash equivalents at beginning of year                 23,401   12,604 
                       
Cash and cash equivalents at end of year                      $19,773  $24,611 
                                      
Cash paid during the year:                                   
  Interest on deposits and other borrowings                     2,383    2,055 
  Income taxes                                                    155      100 
  Transfers of loans to other real estate owned                    66      864 
Sales of other real estate owned financed by the bank               0       72 
  
                  See notes to consolidated financial statements.

<PAGE>              


WESTBANK CORPORATION AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
THREE MONTHS ENDED MARCH 31, 1997 AND MARCH 31, 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 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
March 31, 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 first quarter ended March 31, 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 three month period ended March 31, 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 periods ended March 31, 1997 and 1996, amounted
to 3,514,102 and 3,351,437 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 three months ended March 31, 1996 and by
$0.01 for the three month period ended March 31, 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 March 31, 1997 standby letters
of credit amounted to $641,000 and loan commitments were $30,118,000
and unused balances available on home equity lines of credit were
$7,859,000.

Trust Assets - Property with a book value of $106,588,000 at March
31, 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 March 31,
1997 and December 31, 1996 was 6.83% 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
March 31, 1997, for Tier 1 was 10.15% and total risk-based capital
was 11.40%, 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 $294,494,000 on March 31,
1997, compared to $284,909,000 on December 31, 1996.  As of March
31, 1997 and March 31, 1996, earning assets amounted to,
respectively, $277,289,000 or 94% of total assets, and $245,828,000,
or 94% of total assets.  Earning assets increased during the first
three 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 March 31, 1997, net income totaled $637,000
compared to $564,000 for the three-month period ended March 31,
1996.  Included in the results of the 1996 quarter is a gain on the
sale of securities totaling $112,000.

Non-interest expense declined during the first quarter of 1997 by
$59,000 primarily the result of a reduction in other real estate
expenses.

An overall increase in interest income and interest expense reflects
an increase in volume and interest rates on earning assets and
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 slight
increase has been reflected in the provision for loan losses in the
quarter with $150,000 being provided compared to $140,000 in 1996.
Loans and leases written off against the allowance for loan/lease
losses after recoveries amounted to $207,000 for the first three
months of 1997 versus a net recovery of $69,000 for the same period
of 1996.

After giving effect to the actions described above, the allowance
for loan/lease losses at March 31, 1997 totaled $2,424,000 or 1.09%
of total loans/leases, as compared to $2,481,000 or 1.12% at
December 31, 1996.

Non-performing past due loans/leases at March 31, 1997 aggregated
$1,867,000 or 0.84% 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 0.63% 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 during the most recent quarter by
$1,455,000 compared to the same period of 1996 and totals $403,000.
The percentage of other real estate owned to total assets as of
March 31, 1997 and March 31, 1996 amounted to 0.14% and 0.71%,
respectively.

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>

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.  For analytical purposes, the
interest earned on tax exempt assets is adjusted to a "tax
equivalent" basis to recognize the income tax savings which
facilitates comparison between taxable and tax exempt assets.

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 March 31,                                  1997   1996
 
    Interest and divided income                        $5,428 $4,952
    Interest expense                                    2,411  2,071
                                        
    Net interest income                                $3,017 $2,881
                    

INTEREST RATE SPREAD AND NET YIELD ON EARNING ASSETS

(Dollar amounts in thousands)
Quarter ended March 31,                        1997                1996  
                           
                                      Average             Average
                                      Balance      Rate   Balance      Rate 
                      
Earning Assets                       $271,129     8.01%  $238,565     8.31%    
Interest-bearing
  liabilities                        $222,621     4.33%  $192,091     4.31%
            
Interest rate spread                              3.68                4.00 
                     
Interest-free                                         
  resources used to
  fund earning assets                  48,508              46,474
                               
Total Sources of Funds               $271,129     3.56   $238,565     3.47 
                         
Net Yield on Earning Assets                       4.45%               4.84%
                                                     

<PAGE>


CHANGES IN NET INTEREST INCOME

(Dollar amounts in thousands)

									   QUARTER ENDED MARCH 31, 1997    

(Taxable Equivalent)                             O V E R 

                                       QUARTER ENDED MARCH 31, 1996    
                                   
                                              CHANGE DUE TO               

                                       VOLUME      RATE     TOTAL
                          
Interest Income:
Loans/Leases                            $490     $(182)     $308 
Securities                               122        12       134 
Federal funds                             29         5        34 
                             
Total Interest Earned                    641      (165)      476 
                          
Interest Expense:
Interest bearing deposits                342         4       346 
Other Borrowed Funds                      (6)        0        (6)
                            
Total Interest Expense                  $336     $   4      $340 
                               
Net Interest Income                     $305     $(169)     $136 
                        

Net interest earned increased to $3,017,000 in the first quarter of
1997, up $136,000 as compared with the comparable period of 1996.

Average earning assets increased by $32,564,000 during the first
quarter of 1997.  The average earning base was $271,129,000 compared
to $238,565,000 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:
<TABLE>
(Dollar amounts in thousands)
<CAPTION>
                                                               QUARTER ENDED       
              
                                                     3-31-97                 3-31-96           
                                                 Amount  Percent        Amount   Percent
<S>                    							   <C>		<C>			  <C>	   <C>
Salaries and benefits                            $1,128    19.01%       $1,044    18.79%
Other real estate - expense                           8     0.13           151     2.72 
Other non-interest expense                          934    15.74           940    16.92 
Occupancy - net                                     223     3.76           217     3.90 
              
Total Operating Expenses                         $2,293    38.64%       $2,352    42.33%
                     
</TABLE>

<PAGE>

COMPONENTS RATIOS                        
                                               03/31/97               12/31/96
                                   
Ratio of "Tier 1" leverage capital
  to total assets at end of period                6.93%                   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
March 31, 1997:

         Tier 1 Capital (minimum required 4.00%)    10.50%
         Tier 2 Capital (minimum required 8.00%)    11.75%


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 March 31, 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              $61,580    $39,824     $93,99    $81,891  $277,289
Interest Bearing
  Liabilities                82,345     67,852     78,716              228,913
                          
Interest Rate
  Sensitivity Gap          $(20,765)  $(28,028)   $15,278    $81,891  $ 48,376
                

Cumulative Interest 
  Rate
  Sensitivity Gap          $(20,765)  $(48,793)  $(33,515)   $48,376
                                                                            

Interest Rate 
  Sensitivity
  Gap Ratio                   (7.48)%   (10.11)%     5.51%    29.53%


Cumulative Interest
  Rate Sensitivity
  Gap Ratio                   (7.48)%   (17.59)%   (12.08)%   17.45%



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 March 31, 1997, the
Corporation's ratio of such assets to total deposits and borrowed
funds was 23.47%.



PROVISION AND ALLOWANCE FOR LOAN/LEASE LOSSES

(Dollar amounts in thousands)
Quarter ended March 31,                                     1997         1996 
                
Balance at beginning of period                           $ 2,481      $ 3,707 
Provision charged to expense                                 150          140 
               
                                                           2,631        3,847 
                         
Less Charge-offs:
  Loans secured by real estate                                84          182 
  Commercial and industrial loans                            131           14 
  Consumer loans                                              14           27 
                               
                                                             229          223 
                              
Add-Recoveries:
  Loans secured by real estate                                19          283 
  Commercial and industrial loans                              1            1 
  Consumer loans                                               2            7 
  Lease financing receivables                                  0            1 
                                 
                                                              22          292 
                            
Net charge-offs (recoveries)                                 207          (69)
                                
Balance at end of period                                 $ 2,424      $ 3,916 
                             
Net Charge-offs (recoveries) to:
  Average loans/leases                                       .09%        (.03)%
  Loans/leases at end of period                              .09%        (.04)%
  Allowance for loan/lease losses                           8.54%       (1.76)%

Allowance for loan/lease losses
  as a percentage of:
    Average loans/leases                                    1.09%        1.97%
    Loans/leases at end of period                           1.09%        2.01%

The approach the Corporation uses in determining the adequacy of the
Allowance for Loan/Lease 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)

                                     03-31-97  12-31-96  09-30-96  06-30-96  03-31-96		 
<S>										 <C>	   <C>		 <C>	   <C>		 <C>
Non-Accrual Loans:
Loans secured by real estate           $1,377    $1,697    $1,910    $2,116    $3,172
Construction/Land development              78         4        10        19       464
Commercial and Industrial Loans           238       372       750       856       838
Consumer Loans                             14         6         1         1         7
               
                                        1,707     2,079     2,671     2,992     4,481
                                 
Loans Contractually
 past due 90 days or more
 still accruing:
Loans secured by real estate               70       274        33         0       145
Commercial and Industrial Loans            76         0         6        43        20
Consumer Loans                             14         8         0         0        20
                           
                                          160       282        39        43       185
                                 
Restructured Loans                          0         0         0        78       437
                              
Total non-accrual, past
 due and restructured
 loans                                 $1,867    $2,361    $2,710    $3,113    $5,103
                                   
Non-accrual, past due and
 restructured loans      
 as a percentage of total
 loans                                  0.84%     1.07%     1.26%     1.48%     2.61%
                                   

Allowance for loan       
 losses as a percentage of
 non accrual, past due and                                   
 restructured loans                   129.83%   105.08%    99.09%    85.03%    76.74%
                                 

OTHER REAL ESTATE

Other real estate owned - net            $403      $337      $793    $1,303    $1,858
                               

                                  
Total non-performing assets            $2,270    $2,698    $3,503    $4,416    $6,961
                       

Non-performing assets as a
  percentage of total assets            0.77%     0.95%     1.24%     1.64%     2.66%
</TABLE>                    
<PAGE>


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

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

Three months ended March 31,                    1997                      1996       
            
                               Balance   Interest   Rate     Balance    Interest   Rate
<S>                               <C>         <C>   <C>         <C>          <C>    <C>                     
Federal Funds sold and               
  temporary investments         $8,712       $115  5.28%      $6,556         $81   4.94%
Securities                      40,619        670  6.60       33,242         536   6.45 
Loans/leases                   221,798      4,643  8.37      198,767       4,335   8.73 
                       

Total earning assets           271,129     $5,428  8.01      238,565      $4,952   8.31 
                                     
Loan/lease loss allowance       (2,537)                       (3,809)
All other assets                17,493                        18,837 
                               
TOTAL ASSETS                  $286,085                      $253,593 
                     
LIABILITIES AND EQUITY                                       
                                                             
Interest bearing deposits     $215,071     $2,354  4.38     $183,733      $2,008   4.37 
Borrowed funds                   7,550         57  3.02        8,358          63   3.02 
                            
Total interest bearing    
   liabilities                 222,621     $2,411  4.33      192,091      $2,071   4.31 
                                     
Interest rate spread                               3.68%                           4.00%
                                                                                   
Demand deposits                 41,877                        42,526 
Other liabilities                1,358                         1,053 
Shareholders' equity            20,229                        17,923 
                                          
TOTAL LIABILITIES
      AND EQUITY              $286,085                      $253,593 
                           

Net Interest Income                        $3,017                         $2,881
                                

Interest Earned/Earning Assets                     8.01%                           8.31%

Interest Expense/Earning Assets                    3.56                            3.47 
                                            
Net Yield on Earning Assets                        4.45%                           4.84%
                                               
</TABLE>
<PAGE>


                         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

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.


ITEM 6. Exhibits and Reports on Form 8 - None


<PAGE>

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               





                                         /s/ Donald R. Chase
Date:   May 12, 1997                     Donald R. Chase 
                                         President and Chief 
                                         Executive Officer








                                         /s/ John M. Lilly
Date:   May 12, 1997                     John M. Lilly  
                                         Treasurer and Chief 
                                         Financial Officer

























<PAGE>