GASTON FEDERAL BANCORP INC
10KSB, EX-21, 2000-12-29
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                   EXHIBIT 21

                           SUBSIDIARIES OF THE COMPANY


Company                                     Percent Owned
-------                                     -------------

Gaston Federal Bank                                  100% owned by the Company.

Gaston Financial Services, Inc.                      100% owned by the Bank.
  (dba Gaston Federal Investment Services)


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