<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>3
<FILENAME>l93266aex21.txt
<DESCRIPTION>EXHIBIT 21
<TEXT>
<PAGE>


                                   EXHIBIT 21

                              LIST OF SUBSIDIARIES
<TABLE>
<CAPTION>

               Name                                           State of Incorporation
               ----                                           ----------------------

<S>                                                       <C>
The State Bank and Trust Company                                          Ohio
       RFC Banking Company                                                Ohio
Reliance Financial Services, N.A.*                         Nationally Chartered Trust Company
    Rurban Mortgage Company*                                              Ohio
  Rurban Life Insurance Company                                         Arizona
   Rurbanc Data Services, Inc.                                            Ohio

</TABLE>


_______________________

*    Reliance Financial Services, N.A. and Rurban Mortgage Company are
wholly-owned subsidiaries of The State Bank and Trust Company.


</TEXT>
</DOCUMENT>