<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM UNAUDITED
INTERIM STATEMENTS AS OF AND FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1996 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                          37,800
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 3,800
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    265,155
<INVESTMENTS-CARRYING>                       1,180,963
<INVESTMENTS-MARKET>                         1,170,510
<LOANS>                                      4,853,305
<ALLOWANCE>                                     49,547
<TOTAL-ASSETS>                               6,667,758
<DEPOSITS>                                   4,274,844
<SHORT-TERM>                                   953,711
<LIABILITIES-OTHER>                            127,945
<LONG-TERM>                                    951,602
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           151
<OTHER-SE>                                     359,505
<TOTAL-LIABILITIES-AND-EQUITY>               6,667,758
<INTEREST-LOAN>                                 98,547
<INTEREST-INVEST>                               24,239
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                               122,786
<INTEREST-DEPOSIT>                              54,790
<INTEREST-EXPENSE>                              82,494
<INTEREST-INCOME-NET>                           40,292
<LOAN-LOSSES>                                    1,658
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 58,769
<INCOME-PRETAX>                                 (6,532)
<INCOME-PRE-EXTRAORDINARY>                      (4,050)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (4,050)
<EPS-PRIMARY>                                     (.27)
<EPS-DILUTED>                                     (.27)
<YIELD-ACTUAL>                                    2.54
<LOANS-NON>                                     39,531
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                13,818
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                49,278
<CHARGE-OFFS>                                    1,293
<RECOVERIES>                                       472
<ALLOWANCE-CLOSE>                               49,547
<ALLOWANCE-DOMESTIC>                            12,197
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                         37,350
        

</TABLE>