Exhibit 21

                         Subsidiaries of the Registrant



 
 
Registrant
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SouthBanc Shares, Inc.
 
                                            Percentage         Jurisdiction or
Subsidiaries (a)                           of Ownership     State of Incorporation
- ----------------------------------------  ---------------   ----------------------
                                                        
Perpetual Bank, A Federal Savings Bank                100%          United States
                                                                
United Service Corporation of                                   
 Anderson, Inc.(b)                                    100%         South Carolina
                                                                
United Investments Services, Inc.(c)                  100%         South Carolina
 
Mortgage First Service Corporation(b)                 100%         South Carolina
 
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(a)  The operations of the wholly owned subsidiaries of the Registrant are
     included in the Registrant's Consolidated Financial Statements contained in
     the Annual Report attached hereto as Exhibit 13.
(b)  Wholly-owned by the Savings Bank.
(c)  Wholly-owned by United Service Corporation of Anderson, Inc.