<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PEOPLE'S
BANCHARES, INC. AND SUBSIDIARIES QUARTERLY STATEMENTS FOR THE SIX MONTHS ENDED
JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS CONTAINED IN SUCH FORM 10-Q
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<EXCHANGE-RATE>                                      1
<CASH>                                          11,891
<INT-BEARING-DEPOSITS>                           3,701
<FED-FUNDS-SOLD>                                    12
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     37,524
<INVESTMENTS-CARRYING>                         464,395
<INVESTMENTS-MARKET>                           440,503
<LOANS>                                        465,947
<ALLOWANCE>                                      4,510
<TOTAL-ASSETS>                               1,023,633
<DEPOSITS>                                     537,389
<SHORT-TERM>                                    27,600
<LIABILITIES-OTHER>                              4,744
<LONG-TERM>                                    415,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           369
<OTHER-SE>                                      37,679
<TOTAL-LIABILITIES-AND-EQUITY>               1,023,633
<INTEREST-LOAN>                                 17,102
<INTEREST-INVEST>                               17,592
<INTEREST-OTHER>                                   241
<INTEREST-TOTAL>                                34,935
<INTEREST-DEPOSIT>                               9,141
<INTEREST-EXPENSE>                              21,521
<INTEREST-INCOME-NET>                           13,414
<LOAN-LOSSES>                                    (425)
<SECURITIES-GAINS>                                  36
<EXPENSE-OTHER>                                 10,780
<INCOME-PRETAX>                                  7,222
<INCOME-PRE-EXTRAORDINARY>                       7,222
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,698
<EPS-BASIC>                                     1.41
<EPS-DILUTED>                                     1.39
<YIELD-ACTUAL>                                    7.49
<LOANS-NON>                                    825,000
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 4,866
<CHARGE-OFFS>                                      244
<RECOVERIES>                                       313
<ALLOWANCE-CLOSE>                                4,510
<ALLOWANCE-DOMESTIC>                             3,150
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          1,360


</TABLE>