EXHIBIT 21 SUBSIDIARIES OF REGISTRANT State of Incorporation - ---------------------- New South Bancshares, Inc. Delaware New South Federal Savings Bank Federal Savings Bank New South Agency, Inc. Alabama Avondale Funding.com, inc. Delaware DPH Mortgage, Ltd. (50%) Texas Limited Partnership Collateral Agency of Texas, Inc. Texas New South Management Services, LLC Delaware Greenlight Acceptance Corporation Delaware Nationwide New South Financial Services, LLC (50%) Delaware Mt Laurel Mortgage, LLC (50.5%) Delaware OneSource Mortgage, LLC (50%) Delaware