<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>4
<FILENAME>dex21.txt
<DESCRIPTION>EXHIBIT 21
<TEXT>
<PAGE>

                                                                    Exhibit 21.0

                              LIST OF SUBSIDIARIES

                     Registrant: Jefferson Bancshares, Inc.

<TABLE>
<CAPTION>
                                                       Percentage                       Jurisdiction or
               Subsidiaries                            Ownership                     State of Incorporation
-------------------------------------------   -----------------------------   -------------------------------------
<S>                                                       <C>                            <C>
Jefferson Federal Bank                                    100%                           United States
</TABLE>

                             JEFFERSON FEDERAL BANK

<TABLE>
<CAPTION>
                                                       Percentage                       Jurisdiction or
               Subsidiaries                            Ownership                     State of Incorporation
-------------------------------------------   -----------------------------   -------------------------------------
<S>                                                      <C>                              <C>
Jefferson Service Corporation of                         100%                             Tennessee
Morristown, Tennessee, Inc.
</TABLE>

</TEXT>
</DOCUMENT>