U.S. SECURITIES AND
                               EXCHANGE COMMISSION
                                Washington, D.C.
                                      20549
                            
                                  FORM 10-QSB
   (X)  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE

   SECURITIES EXCHANGE ACT OF 1934

   For the quarterly period ended June 30, 1996

(  ) TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE

                               ACT

   For the transition period from ___________ to ____________

   Commission File Number:  0-22116




                        MOUNTAIN PARKS FINANCIAL CORP.
 (Exact name of small business issuer as specified in its charter)
                                 
                                 
        Delaware                                     41-1517690
   (State or other jurisdiction                   (IRS Employer
   of incorporation or organization)             Identification No.)

                            6565 East Evans Avenue
                               Denver, CO  80224
                   (Address of principal executive offices) (303)
                                   758-5509
                          (Issuer's telephone number)

                                Not Applicable
     (Former name,  former address and former fiscal year, if changed since 
last report)
        Check whether the issuer (1) filed all reports required to
   be filed by Section 13 or 15(d) of the Exchange Act during the
   past 12 months (or for such shorter period that the registrant
   was required to file such reports), and (2) has been subject to
   such filing requirements for the past 90 days. Yes  X   No ___
   
               APPLICABLE ONLY TO CORPORATE ISSUERS
                                 
        State the number of shares outstanding of each of the
   issuer's classes of common equity, as of July 31,1996:
   3,910,218
   
        Transitional Small Business Disclosure Format: Yes ___   No  X

<PAGE>

                              SIGNATURES
                                   
                                   
     In accordance with the requirements of the Exchange Act, the
Registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                   MOUNTAIN PARKS FINANCIAL CORP.
                                         (Registrant)
                                                        
                                                        
                                                        
Date:  August 12, 1996                       By  /s/ George A.
Rosenbaum, Jr.
                                        George A. Rosenbaum, Jr.
                                        Chief Financial Officer
                                       (Authorized officer and
                                        principal financial officer of
                                        the Registrant)


<TABLE> <S> <C>


<ARTICLE>                                            9
                       
<MULTIPLIER>                                   1,000
<CURRENCY>                                     U.S.
       
<S>                             <C>
<PERIOD-TYPE>                   6-mos
<FISCAL-YEAR-END>                              Dec-31-1996
<PERIOD-START>                                 Jan-01-1996
<PERIOD-END>                                   Jun-30-1996
<EXCHANGE-RATE>                                1
<CASH>                                         30,909
<INT-BEARING-DEPOSITS>                         0
<FED-FUNDS-SOLD>                               0
<TRADING-ASSETS>                               0
<INVESTMENTS-HELD-FOR-SALE>                    85,368
<INVESTMENTS-CARRYING>                         13,323
<INVESTMENTS-MARKET>                           13,264
<LOANS>                                        310,055
<ALLOWANCE>                                    3,374
<TOTAL-ASSETS>                                 477,590
<DEPOSITS>                                     370,279
<SHORT-TERM>                                   37,414
<LIABILITIES-OTHER>                            7,012
<LONG-TERM>                                    11,500
                          0
                                    0
<COMMON>                                       4
<OTHER-SE>                                     51,381
<TOTAL-LIABILITIES-AND-EQUITY>                 477,590
<INTEREST-LOAN>                                16,546
<INTEREST-INVEST>                              3,265
<INTEREST-OTHER>                               373
<INTEREST-TOTAL>                               20,184
<INTEREST-DEPOSIT>                             4,677
<INTEREST-EXPENSE>                             5,921
<INTEREST-INCOME-NET>                          14,263
<LOAN-LOSSES>                                  216
<SECURITIES-GAINS>                             1
<EXPENSE-OTHER>                                10,558
<INCOME-PRETAX>                                6,443
<INCOME-PRE-EXTRAORDINARY>                     6,443
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   4,061
<EPS-PRIMARY>                                  1.07
<EPS-DILUTED>                                  1.07
<YIELD-ACTUAL>                                 7.15
<LOANS-NON>                                    287
<LOANS-PAST>                                   7,645
<LOANS-TROUBLED>                               0
<LOANS-PROBLEM>                                287
<ALLOWANCE-OPEN>                               3,163
<CHARGE-OFFS>                                  116
<RECOVERIES>                                   67
<ALLOWANCE-CLOSE>                              3,374
<ALLOWANCE-DOMESTIC>                           364
<ALLOWANCE-FOREIGN>                            0
<ALLOWANCE-UNALLOCATED>                        3,010
        


</TABLE>



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