<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED
CONSOLIDATED  FINANCIAL STATEMENTS OF STATE FINANCIAL SERVICES CORPORATION AS OF
AND FOR THE 3 MONTHS  ENDED MARCH 31, 1999 AND IS  QUALIFIED  IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS. 
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                         26,509,621
<INT-BEARING-DEPOSITS>                         39,849,239
<FED-FUNDS-SOLD>                               10,411,118
<TRADING-ASSETS>                               0
<INVESTMENTS-HELD-FOR-SALE>                    95,909,229
<INVESTMENTS-CARRYING>                         8,271,465
<INVESTMENTS-MARKET>                           8,413,000
<LOANS>                                        619,746,126
<ALLOWANCE>                                    4,612,029
<TOTAL-ASSETS>                                 845,287,333
<DEPOSITS>                                     643,039,127
<SHORT-TERM>                                   60,923,160
<LIABILITIES-OTHER>                            5,894,796
<LONG-TERM>                                    0
<PREFERRED-MANDATORY>                          1,008,145
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     134,422,105
<TOTAL-LIABILITIES-AND-EQUITY>                 845,287,333  
<INTEREST-LOAN>                                12,178,444   
<INTEREST-INVEST>                              1,928,712    
<INTEREST-OTHER>                               152,716      
<INTEREST-TOTAL>                               14,259,872   
<INTEREST-DEPOSIT>                             5,654,750    
<INTEREST-EXPENSE>                             6,301,530    
<INTEREST-INCOME-NET>                          7,958,342    
<LOAN-LOSSES>                                  172,500      
<SECURITIES-GAINS>                             208,705      
<EXPENSE-OTHER>                                6,918,207    
<INCOME-PRETAX>                                2,711,847    
<INCOME-PRE-EXTRAORDINARY>                     1,527,055    
<EXTRAORDINARY>                                0            
<CHANGES>                                      0            
<NET-INCOME>                                   1,527,055    
<EPS-PRIMARY>                                  0.16         
<EPS-DILUTED>                                  0.16         
<YIELD-ACTUAL>                                 7.51         
<LOANS-NON>                                    2,904,000    
<LOANS-PAST>                                   546,000      
<LOANS-TROUBLED>                               0            
<LOANS-PROBLEM>                                500,000      
<ALLOWANCE-OPEN>                               4,485,000    
<CHARGE-OFFS>                                  88,000       
<RECOVERIES>                                   43,000       
<ALLOWANCE-CLOSE>                              45,000       
<ALLOWANCE-DOMESTIC>                           4,612,000    
<ALLOWANCE-FOREIGN>                            0            
<ALLOWANCE-UNALLOCATED>                        4,612,000
                                               


</TABLE>