EXHIBIT 21
SUBSIDIARIES
STATE OR OTHER
PERCENTAGE JURISDICTION
SUBSIDIARIES (1) OWNED OF INCORPORATION
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Ameriana Bank and Trust, SB (2) 100% United States
Ameriana Insurance Agency, Inc. (3) 100% Indiana
Ameriana Financial Services, Inc. (3) 100% Indiana
Deer Park Service Corporation (3) 100% Ohio
Family Financial Life Insurance Company (4) 14% Louisiana
Indiana Title Insurance Company, LLC (5) 21% Indiana
<FN>
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(1) Operations of the Company's wholly-owned direct subsidiaries, Ameriana Bank
and Trust, SB and Ameriana Bank and Trust, SB's wholly-owned subsidiaries,
Ameriana Insurance Agency, Inc, Ameriana Financial Services, Inc. and Deer
Park Service Corporation, are included in the Company's consolidated
financial statements included in the Annual Report on Form 10-K.
(2) First-tier subsidiary of the Company.
(3) Second-tier subsidiary of the Company 100% owned by Ameriana Bank and
Trust, SB, a first-tier subsidiary of the Company.
(4) Third-tier subsidiary of the Company 1/7th owned through stock investment
and less than 1/7th owned through partnership interests of Ameriana
Financial Services, Inc., a second-tier subsidiary of the Company 100%
owned by Ameriana Bank and Trust, SB, a first-tier subsidiary of the
Company.
(5) Third-tier subsidiary of the Company owned through investment of Ameriana
Financial Services, Inc. a second-tier subsidiary of the Company 100% by
Ameriana Bank and Trust, SB, a first-tier subsidiary of the Company.
</FN>