EXHIBIT 21




                         SUBSIDIARIES OF THE REGISTRANT

   Parent                             Subsidiary                     Percentage of    State of Incorporation
                                                                       Ownership         or Organization
                                                                                

First Midwest                 First Federal Savings Bank of              100%            Federal
Financial, Inc.               the Midwest

First Midwest Financial,      Security State Bank                        100%             Iowa
Inc.

First Midwest Financial,      First Midwest Financial Capital            100%            Delaware
Inc.                          Trust I

First Midwest                 First Services Trust                       100%           South Dakota
Financial, Inc.               Company

First Federal Savings Bank    First Services Financial Limited           100%             Iowa
of the Midwest

First Services Financial      Brookings Service Corporation              100%            South Dakota
Limited


     The financial statements of First Midwest Financial, Inc. are consolidated
with those of its subsidiaries.