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                                                                      EXHIBIT 21

                         Subsidiaries of the Registrant


1.       First Federal of the South (federally chartered stock savings
         association)
2.       Magnolia Title Services, Inc. (title insurance and related services)
3.       SouthFirst Financial Services, Inc. (insurance products and financial
         services)
4.       SouthFirst Mortgage, Inc. (residential construction lending)



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