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                                  EXHIBIT 21

                        SUBSIDIARIES OF THE REGISTRANT




                                                                Percentage of         State of Incorporation    
Parent                          Subsidiary                      Ownership             or Organization  

                                                                             
Damen Financial                 Damen Federal Bank for          100%                  Federal   
Corporation                     Savings           

Damen Federal Bank for          Dasch, Incorporated             100%                  Illinois
Savings