EXHIBIT 21

                AMBANC CORP. LIST OF SUBSIDIARIES


1.   AmBank Indiana, N.A., Vincennes, Indiana, is a wholly owned
     subsidiary of AMBANC Corp. and is a national banking
     association.

2.   AmBank Illinois, N.A., Robinson, Illinois, is a wholly owned
     subsidiary of AMBANC Corp. and is a national banking
     association.

3.   American National Realty Corp. is a wholly owned subsidiary of
     AMBANC Corp. and is incorporated under the laws of the State
     of Indiana.