<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
This Schedule contains summary financial information extracted from the
Company's balance sheet as of September 30, 1998 and statement of earnings for
the nine months ended September 30, 1998 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                          54,672
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     21,589
<INVESTMENTS-CARRYING>                         245,901
<INVESTMENTS-MARKET>                           245,901
<LOANS>                                      1,278,211
<ALLOWANCE>                                          0
<TOTAL-ASSETS>                               1,842,227
<DEPOSITS>                                     534,091
<SHORT-TERM>                                 1,076,078
<LIABILITIES-OTHER>                             31,507
<LONG-TERM>                                    184,245
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       117,708
<OTHER-SE>                                   (101,402)
<TOTAL-LIABILITIES-AND-EQUITY>               1,842,227
<INTEREST-LOAN>                                 92,603
<INTEREST-INVEST>                               21,707
<INTEREST-OTHER>                                 2,848
<INTEREST-TOTAL>                               117,158
<INTEREST-DEPOSIT>                              18,086
<INTEREST-EXPENSE>                              81,221
<INTEREST-INCOME-NET>                           17,851
<LOAN-LOSSES>                                   12,191
<SECURITIES-GAINS>                               7,768
<EXPENSE-OTHER>                                 85,662
<INCOME-PRETAX>                              (119,997)
<INCOME-PRE-EXTRAORDINARY>                   (119,997)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (111,805)
<EPS-PRIMARY>                                  (10.27)
<EPS-DILUTED>                                  (10.27)
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                    0
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>