EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
Southern National Corporation, a North Carolina corporation, is a multi-bank
holding company. The table below sets forth all of Southern National's
subsidiaries as to State or Jurisdiction of Organization and Percentage of
Voting Securities Owned as well as their relationship to Southern National.
All of the subsidiaries listed below are included in the consolidated
financial statements, and no separate financial statements are submitted for
any subsidiary.
PERCENTAGE
STATE OR JURISDICTION OF VOTING
SUBSIDIARY OF ORGANIZATION SHARES OWNED
- ---------- --------------------- ------------
Branch Banking and Trust Company...................................................... North Carolina 100%
BB&T Financial Corporation of South Carolina.......................................... South Carolina 100%
Branch Banking and Trust Company of South Carolina.................................... South Carolina 100%
BB&T Financial Corporation of Virginia................................................ Virginia 100%
Regional Acceptance Corporation....................................................... North Carolina 100%
Money 24, Inc......................................................................... North Carolina 100%
BB&T Leasing Corp..................................................................... North Carolina 100%(1)
Branch Banking and Trust Company of Virginia.......................................... Virginia 100%(3)
Southern International Corp........................................................... North Carolina 100%(4)
Workmen's Service Corp................................................................ North Carolina 100%(1,4)
First Savings Service Corp............................................................ North Carolina 100%(1,4)
Citizens Financial Services, Inc...................................................... North Carolina 100%(1,4)
Fay-Charl Corp........................................................................ North Carolina 100%(1,4)
Peoples Service Corp. of Thomasville.................................................. North Carolina 100%(1)
City Finance Company, Inc............................................................. North Carolina 100%(1,4)
Southern National Mortgage Company.................................................... North Carolina 100%(1)
BB&T Savings Corporation.............................................................. North Carolina 100%(4)
BB&T Investment Services, Inc......................................................... North Carolina 100%(1)
BB&T Insurance Services, Inc.......................................................... North Carolina 100%(1)
Grey Eagle, Inc....................................................................... Delaware 100%(1)
BB&T Realty Investments, Inc.......................................................... Virginia 100%(1)
BB&T Real Estate Investment Trust, Inc................................................ North Carolina 100%(6)
First Capital Corporation............................................................. South Carolina 100%(2,4)
The First Real Estate Group, Inc...................................................... South Carolina 100%(2,4)
FICORP of South Carolina.............................................................. South Carolina 100%(2,4)
BB&T Realty Corporation............................................................... North Carolina 100%(2,4)
BB&T Investment Services of South Carolina, Inc....................................... South Carolina 100%(2)
Unified Investors Life Insurance Company.............................................. Arizona 100%
Prime Rate Premium Finance Corporation, Inc........................................... South Carolina 100%(1)
Agency Technologies, Inc.............................................................. South Carolina 100%(1)
IFCO, Incorporated.................................................................... Virginia 100%(1)
College Investments of South Carolina, Inc............................................ South Carolina 100%(2,4)
College Investments of North Carolina, Inc............................................ North Carolina 100%(2,4)
College Properties, Inc............................................................... South Carolina 100%(2,4)
Firstmark Development Corporation..................................................... South Carolina 100%(2,4)
150 Corporation....................................................................... North Carolina 100%(1)
Carolina Lenders, Inc................................................................. North Carolina 100%(1,4)
Building Service Corporation.......................................................... North Carolina 100%(1,4)
Guaranty Financial Services........................................................... North Carolina 100%(1,4)
CSB Financial......................................................................... North Carolina 100%(1,4)
PERCENTAGE
STATE OR JURISDICTION OF VOTING
SUBSIDIARY OF ORGANIZATION SHARES OWNED
- ---------- ---------------------- ------------
North Carolina Trustee Company............................................ North Carolina 100%(1,4)
Goddard Technology Corporation............................................ South Carolina 100%(1)
FARR Associates, Inc...................................................... North Carolina 100%(1)
Davidson Financial, Inc................................................... North Carolina 100%(1,4)
Carolina Securities Corp.................................................. South Carolina 100%(2,4)
Nexus..................................................................... North Carolina 51%(5)
AutoBase Information Systems, Inc......................................... North Carolina 51%(1)
Regional Acceptance Investment Corporation of Nevada...................... Nevada 100%(4,7)
REGA Insurance Services, Inc.............................................. North Carolina 100%(7)
Greenville Car Mart, Inc.................................................. North Carolina 100%(7)
Regional Fidelity Limited................................................. British Virgin Islands 99%(7)
Roanoke Fidelity Limited.................................................. British Virgin Islands 99%(4,7)
Universal Fidelity Limited................................................ British Virgin Islands 99%(4,7)
- --------
(1) Owned by Branch Banking and Trust Company (North Carolina)
(2) Owned by Branch Banking and Trust Company of South Carolina
(3) Owned by BB&T Financial Corporation of Virginia
(4) Inactive
(5) Owned by 150 Corporation
(6) Owned by BB&T Realty Investments, Inc.
(7) Owned by Regional Acceptance Corporation