<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED  FROM
THE STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1995 and 1996 AND AS OF
DECEMBER 31, 1995 AND 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                    0000915337
<NAME> DEVELOPMENT BANCORP, LTD.
<MULTIPLIER>                    1
<CURRENCY>                      US dollars
        
<S>                                   <C>                           <C>                   
<PERIOD-TYPE>                           YEAR                       YEAR
<FISCAL-YEAR-END>                     Dec-31-1996                  Dec-31-1995
<PERIOD-START>                        Jan-01-1996                  Jan-01-1995
<PERIOD-END>                          Dec-01-1996                  Dec-31-1995
<EXCHANGE-RATE>                                 1                  1
<CASH>                                  34,139                     1,518,327
<SECURITIES>                              661,066                  1,572,608
<RECEIVABLES>                             314,086                  337,602
<ALLOWANCES>                                    0                  0
<INVENTORY>                                     0                  0
<CURRENT-ASSETS>                        1,022,558                  3,550,825
<PP&E>                                     38,829                  139,319
<DEPRECIATION>                                  0                  0
<TOTAL-ASSETS>                          9,476,510                  4,857,460
<CURRENT-LIABILITIES>                     297,083                  1,369,243
<BONDS>                                         0                  0
<PREFERRED-MANDATORY>                           0                  0
<PREFERRED>                                 1,000                  166,000
<COMMON>                               12,133,685                  3,672,496
<OTHER-SE>                            (2,958,258)                  (392,049)
<TOTAL-LIABILITY-AND-EQUITY>                                    9,476,510                      4,857,460
<SALES>                                         0                  0
<TOTAL-REVENUES>                          103,243                  39,952
<CGS>                                           0                  0
<TOTAL-COSTS>                           1,097,041                  513,880
<OTHER-EXPENSES>                                0                  0
<LOSS-PROVISION>           0                    0
<INTEREST-EXPENSE>                              0                  (17)
<INCOME-PRETAX>    (523,798)            (450,242)
<INCOME-TAX>                                    0                  0
<INCOME-CONTINUING>                       (3,451)                  (124,055)
<DISCONTINUED>                          (520,257)                  (326,087)
<EXTRAORDINARY>                                 0                  0
<CHANGES>                                       0                  0
<NET-INCOME>                            (523,798)                  (450,242)
<EPS-PRIMARY>                               (.30)                  (.35)
<EPS-DILUTED>                               (.30)                  (.41)
        


</TABLE>