<TABLE> <S> <C>

<PAGE>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S BALANCE SHEET AS OF MARCH 31, 1999 AND STATEMENT OF EARNINGS FOR THE
THREE MONTHS ENDED MARCH 31, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                          18,774
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    106,866
<INVESTMENTS-CARRYING>                          18,549
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        600,159
<ALLOWANCE>                                          0
<TOTAL-ASSETS>                                 851,471
<DEPOSITS>                                     478,631
<SHORT-TERM>                                   231,793
<LIABILITIES-OTHER>                             26,565
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       117,708
<OTHER-SE>                                   (238,736)
<TOTAL-LIABILITIES-AND-EQUITY>                 851,471
<INTEREST-LOAN>                                 13,547
<INTEREST-INVEST>                                    0
<INTEREST-OTHER>                                   365
<INTEREST-TOTAL>                                17,203
<INTEREST-DEPOSIT>                               6,769
<INTEREST-EXPENSE>                              16,627
<INTEREST-INCOME-NET>                              576
<LOAN-LOSSES>                                       70
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 21,115
<INCOME-PRETAX>                               (11,145)
<INCOME-PRE-EXTRAORDINARY>                    (25,953)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (25,953)
<EPS-BASIC>                                   (2.38)
<EPS-DILUTED>                                   (2.38)
<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>