Exhibit 21.0

                              LIST OF SUBSIDIARIES

                     Registrant: Jefferson Bancshares, Inc.



                                                       Percentage                       Jurisdiction or
               Subsidiaries                            Ownership                     State of Incorporation
- -------------------------------------------   -----------------------------   -------------------------------------
                                                                                   
Jefferson Federal Bank                                    100%                           United States


                             JEFFERSON FEDERAL BANK



                                                       Percentage                       Jurisdiction or
               Subsidiaries                            Ownership                     State of Incorporation
- -------------------------------------------   -----------------------------   -------------------------------------
                                                                                    
Jefferson Service Corporation of                         100%                             Tennessee
Morristown, Tennessee, Inc.