<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>

The schedule contains summary financial information extracted from the
Consolidated Balance Sheets as of December 31, 1998 and 1997, and the
related Consolidated Income Statements for the twelve months ended
December 31, 1998 and 1997, and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<CIK> 0000720912
<NAME> EXCHANGE BANCSHARES, INC.
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                           3,092
<INT-BEARING-DEPOSITS>                              21
<FED-FUNDS-SOLD>                                 4,874
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     18,448
<INVESTMENTS-CARRYING>                           1,022
<INVESTMENTS-MARKET>                             1,030
<LOANS>                                         62,874
<ALLOWANCE>                                      1,542
<TOTAL-ASSETS>                                  94,684
<DEPOSITS>                                      85,191
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                                306
<LONG-TERM>                                        173
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,623
<OTHER-SE>                                       6,391
<TOTAL-LIABILITIES-AND-EQUITY>                  94,684
<INTEREST-LOAN>                                  5,168
<INTEREST-INVEST>                                1,059
<INTEREST-OTHER>                                   360
<INTEREST-TOTAL>                                 6,587
<INTEREST-DEPOSIT>                               2,946
<INTEREST-EXPENSE>                               2,958
<INTEREST-INCOME-NET>                            3,629
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  3,124
<INCOME-PRETAX>                                    925
<INCOME-PRE-EXTRAORDINARY>                         672
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       672
<EPS-PRIMARY>                                     1.30
<EPS-DILUTED>                                     1.30
<YIELD-ACTUAL>                                    4.62
<LOANS-NON>                                        399
<LOANS-PAST>                                       115
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                    720
<ALLOWANCE-OPEN>                                   624
<CHARGE-OFFS>                                      125
<RECOVERIES>                                        82
<ALLOWANCE-CLOSE>                                1,542
<ALLOWANCE-DOMESTIC>                             1,542
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            298
        

</TABLE>