<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 six 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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                           3,970
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                         299,598
<INVESTMENTS-MARKET>                           299,598
<LOANS>                                        625,444
<ALLOWANCE>                                          0
<TOTAL-ASSETS>                               1,018,015
<DEPOSITS>                                           0
<SHORT-TERM>                                   475,351
<LIABILITIES-OTHER>                              9,140
<LONG-TERM>                                    433,122
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       166,981
<OTHER-SE>                                    (66,579)
<TOTAL-LIABILITIES-AND-EQUITY>               1,018,015
<INTEREST-LOAN>                                  5,491
<INTEREST-INVEST>                               10,758
<INTEREST-OTHER>                                   486
<INTEREST-TOTAL>                                16,735
<INTEREST-DEPOSIT>                                   0
<INTEREST-EXPENSE>                               7,513
<INTEREST-INCOME-NET>                            9,222
<LOAN-LOSSES>                                    3,000
<SECURITIES-GAINS>                                 934
<EXPENSE-OTHER>                                 53,785
<INCOME-PRETAX>                               (45,838)
<INCOME-PRE-EXTRAORDINARY>                    (45,838)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (45,838)
<EPS-PRIMARY>                                   (4.03)
<EPS-DILUTED>                                   (4.03)
<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>