<TABLE> <S> <C>

<PAGE>

<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated financial statements of financial condition and operations found on
pages F-1 and F-2 of the Company's Form 10-K for the year ended December 31,
1996.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                         135,534
<INT-BEARING-DEPOSITS>                             619
<FED-FUNDS-SOLD>                                20,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  2,140,671
<INVESTMENTS-CARRYING>                       1,625,934
<INVESTMENTS-MARKET>                         1,625,934
<LOANS>                                     11,047,695<F1>
<ALLOWANCE>                                    246,556
<TOTAL-ASSETS>                              16,570,635
<DEPOSITS>                                   8,501,883
<SHORT-TERM>                                 4,276,805
<LIABILITIES-OTHER>                            354,076
<LONG-TERM>                                  2,170,897
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    150,792<F2>
<COMMON>                                             1
<OTHER-SE>                                     768,424
<TOTAL-LIABILITIES-AND-EQUITY>              16,570,635
<INTEREST-LOAN>                                946,500
<INTEREST-INVEST>                              285,886
<INTEREST-OTHER>                                 1,413
<INTEREST-TOTAL>                             1,233,799
<INTEREST-DEPOSIT>                             419,174
<INTEREST-EXPENSE>                             807,800
<INTEREST-INCOME-NET>                          425,999
<LOAN-LOSSES>                                   39,600
<SECURITIES-GAINS>                              38,118
<EXPENSE-OTHER>                                490,569
<INCOME-PRETAX>                                549,208
<INCOME-PRE-EXTRAORDINARY>                     622,339
<EXTRAORDINARY>                                (1,586)
<CHANGES>                                            0
<NET-INCOME>                                   577,523<F3>
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<YIELD-ACTUAL>                                    7.75
<LOANS-NON>                                    172,222
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                               124,791
<LOANS-PROBLEM>                                 61,215
<ALLOWANCE-OPEN>                               210,484
<CHARGE-OFFS>                                   44,785
<RECOVERIES>                                     2,771
<ALLOWANCE-CLOSE>                              246,556
<ALLOWANCE-DOMESTIC>                             6,409
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        240,147
<FN>
<F1>Loans includes Loans held for sale of $825,316
<F2>Preferred excludes $309,376 in Minority interest for the Preferred Stock of 
First Nationwide Bank
<F3>Net income available to common stockholders: $572,708

</FN>
        




</TABLE>