<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL
STATEMENTS OF STATE FINANCIAL SERVICES  CORPORATION AS OF AND FOR THE SIX MONTHS
ENDED JUNE 30,  1998 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   JUN-30-1998
<CASH>                                         26,894,458
<INT-BEARING-DEPOSITS>                         31,110,289
<FED-FUNDS-SOLD>                               5,551,433
<TRADING-ASSETS>                               0
<INVESTMENTS-HELD-FOR-SALE>                    87,474,794
<INVESTMENTS-CARRYING>                         16,920,643
<INVESTMENTS-MARKET>                           0
<LOANS>                                        583,158,103
<ALLOWANCE>                                    4,492,199
<TOTAL-ASSETS>                                 785,575,609
<DEPOSITS>                                     632,771,292
<SHORT-TERM>                                   9,976,139
<LIABILITIES-OTHER>                            6,107,525
<LONG-TERM>                                    900,000
<PREFERRED-MANDATORY>                          1,029,653
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     134,791,001
<TOTAL-LIABILITIES-AND-EQUITY>                 785,575,610
<INTEREST-LOAN>                                24,121,096
<INTEREST-INVEST>                              4,187,049
<INTEREST-OTHER>                               348,880
<INTEREST-TOTAL>                               28,657,025
<INTEREST-DEPOSIT>                             12,442,285
<INTEREST-EXPENSE>                             12,758,167
<INTEREST-INCOME-NET>                          15,898,858
<LOAN-LOSSES>                                  345,000
<SECURITIES-GAINS>                             407,189
<EXPENSE-OTHER>                                13,574,245
<INCOME-PRETAX>                                5,317,033
<INCOME-PRE-EXTRAORDINARY>                     3,428,307
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   3,428,307
<EPS-BASIC>                                  0.36
<EPS-DILUTED>                                  0.35
<YIELD-ACTUAL>                                 8.00
<LOANS-NON>                                    3,151,000
<LOANS-PAST>                                   118,000
<LOANS-TROUBLED>                               0
<LOANS-PROBLEM>                                500,000
<ALLOWANCE-OPEN>                               4,370,000
<CHARGE-OFFS>                                  377,000
<RECOVERIES>                                   154,000
<ALLOWANCE-CLOSE>                              4,492,000
<ALLOWANCE-DOMESTIC>                           4,492,000
<ALLOWANCE-FOREIGN>                            0
<ALLOWANCE-UNALLOCATED>                        4,492,000



</TABLE>