EXHIBIT 21
Subsidiaries of the Registrant
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SUBSIDIARIES OF THE REGISTRANT
Ownership Percentage State of
Parent Subsidiary of Organization Incorporation
-------------------- --------------------- -------------------- -------------
<S> <C> <C> <C>
East Texas Financial First Federal Savings 100% Delaware
Services, Inc. and Loan Association
of Tyler
First Federal Savings Gilstar Service Corporation 100% Texas
And Loan Association
of Tyler
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The financial statements of the Registrant are consolidated with its subsidiary.