<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
The schedule contains summary financial information extracted from the
Consolidated Balance Sheets as of December 31, 1997 and 1996, and the related
Consolidated Income Statements for the twelve months ended December 31, 1997 and
1996, and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000720912
<NAME> EXCHANGE BANCSHARES, INC.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLAR
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                           2,224
<INT-BEARING-DEPOSITS>                              42
<FED-FUNDS-SOLD>                                 3,926
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     16,362
<INVESTMENTS-CARRYING>                           2,406
<INVESTMENTS-MARKET>                             2,405
<LOANS>                                         46,872
<ALLOWANCE>                                        624
<TOTAL-ASSETS>                                  72,795
<DEPOSITS>                                      63,928
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                                226
<LONG-TERM>                                        198
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,498
<OTHER-SE>                                       5,945
<TOTAL-LIABILITIES-AND-EQUITY>                  72,795
<INTEREST-LOAN>                                  4,159
<INTEREST-INVEST>                                1,212
<INTEREST-OTHER>                                   194
<INTEREST-TOTAL>                                 5,565
<INTEREST-DEPOSIT>                               2,379
<INTEREST-EXPENSE>                               2,387
<INTEREST-INCOME-NET>                            3,178
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  2,288
<INCOME-PRETAX>                                  1,210
<INCOME-PRE-EXTRAORDINARY>                         835
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       835
<EPS-PRIMARY>                                     1.17
<EPS-DILUTED>                                     1.17
<YIELD-ACTUAL>                                    4.75
<LOANS-NON>                                         75
<LOANS-PAST>                                        10
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                     17
<ALLOWANCE-OPEN>                                   508
<CHARGE-OFFS>                                       69
<RECOVERIES>                                       185
<ALLOWANCE-CLOSE>                                  624
<ALLOWANCE-DOMESTIC>                               624
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            234
        

</TABLE>