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EXHIBIT 21
Subsidiaries of the Registrant
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Registrant
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SouthBanc Shares, Inc.
Percentage Jurisdiction or
Subsidiaries (a) of Ownership State of Incorporation
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<S> <C> <C>
Perpetual Bank, A Federal Savings Bank 100% United States
Heritage Federal Bank 100% United States
United Service Corporation of
Anderson, Inc.(b) 100% South Carolina
United Investments Services, Inc.(c) 100% South Carolina
Mortgage First Service Corporation(b) 100% South Carolina
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(a) The operations of the wholly owned subsidiaries of the Registrant are
included in the Registrant's Consolidated Financial Statements contained in
the Annual Report attached hereto as Exhibit 13.
(b) Wholly-owned by Perpetual Bank.
(c) Wholly-owned by United Service Corporation of Anderson, Inc.
