SUBSIDIARIES OF REGISTRANT AFTER CONSUMMATION OF
             NEWNAN SAVINGS REORGANIZATION AND SOUTHSIDE ACQUISITION









                             Newnan Holdings, Inc.
       (will change corporate title to "Southside Financial Group, Inc.")
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          Newnan Savings Bank, FSB                     Citizens Bank & Trust
- ------------------------------------------------         of Fayette County
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Newnan Financial              Citizens Mortgage
Services, Inc.                Group, Inc.
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Jefferson Ventures, Inc.