SUBSIDIARIES OF THE REGISTRANT

                                   EXHIBIT 21

First Shenango Bancorp,  Inc. ("the Company"),  has one wholly owned subsidiary,
First Federal Savings Bank of New Castle ("the Savings Bank").  The Savings Bank
is chartered  under the laws of the United  States of America.  The Savings Bank
has one wholly owned subsidiary,  Tri-State Service  Corporation  ("Tri-State").
Tri-State  was  indirectly  acquired  by the  Company  at the time  the  Company
acquired First Federal. Tri-State is a Pennsylvania-chartered corporation.