<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
         This schedule contains summary financial information extracted from the
balance sheets and the statements of income of Fairfield Savings Bank, F.S.B.
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              JUN-30-1997
<PERIOD-END>                                   OCT-31-1996
<CASH>                                           2,870,594 
<INT-BEARING-DEPOSITS>                           1,827,665 
<FED-FUNDS-SOLD>                                         0 
<TRADING-ASSETS>                                         0 
<INVESTMENTS-HELD-FOR-SALE>                     56,677,989 
<INVESTMENTS-CARRYING>                          42,387,785 
<INVESTMENTS-MARKET>                            41,403,766 
<LOANS>                                         80,424,529 
<ALLOWANCE>                                        300,000 
<TOTAL-ASSETS>                                 193,103,187 
<DEPOSITS>                                     132,975,806 
<SHORT-TERM>                                    31,900,000 
<LIABILITIES-OTHER>                              4,841,846 
<LONG-TERM>                                      9,700,000 
<PREFERRED-MANDATORY>                                    0 
<PREFERRED>                                              0 
<COMMON>                                                 0 
<OTHER-SE>                                      13,685,534 
<TOTAL-LIABILITIES-AND-EQUITY>                 193,103,187 
<INTEREST-LOAN>                                  1,576,332 
<INTEREST-INVEST>                                1,615,618 
<INTEREST-OTHER>                                         0 
<INTEREST-TOTAL>                                 3,191,950 
<INTEREST-DEPOSIT>                               1,359,462 
<INTEREST-EXPENSE>                               2,009,137 
<INTEREST-INCOME-NET>                            1,182,813 
<LOAN-LOSSES>                                            0 
<SECURITIES-GAINS>                                       0 
<EXPENSE-OTHER>                                  2,086,851 
<INCOME-PRETAX>                                   (794,056) 
<INCOME-PRE-EXTRAORDINARY>                        (524,056) 
<EXTRAORDINARY>                                          0 
<CHANGES>                                                0 
<NET-INCOME>                                      (524,056) 
<EPS-PRIMARY>                                            0 
<EPS-DILUTED>                                            0 
<YIELD-ACTUAL>                                        6.92
<LOANS-NON>                                              0 
<LOANS-PAST>                                       311,723 
<LOANS-TROUBLED>                                         0 
<LOANS-PROBLEM>                                          0 
<ALLOWANCE-OPEN>                                       300 
<CHARGE-OFFS>                                            0 
<RECOVERIES>                                             0 
<ALLOWANCE-CLOSE>                                  300,000 
<ALLOWANCE-DOMESTIC>                               300,000 
<ALLOWANCE-FOREIGN>                                      0 
<ALLOWANCE-UNALLOCATED>                                  0 
        


</TABLE>