<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>6
<FILENAME>g70200ex21.txt
<DESCRIPTION>SUBSIDIARIES OF THE REGISTRANT
<TEXT>

<PAGE>   1
EXHIBIT 21.       SUBSIDIARIES OF THE REGISTRANT

<TABLE>
<CAPTION>
                                                                                 Percentage                State of
        Parent Company                         Subsidiaries                         Owned               Incorporation
        --------------                         ------------                         -----               -------------
<S>                                                                                 <C>
Eagle Bancshares, Inc.          Tucker Federal Bank                                 100%             Federally Chartered

                                Eagle Real Estate Advisors, Inc.                    100%                   Georgia

                                Eagle Bancshares Capital Group, Inc.                100%                   Georgia

Tucker Federal Bank             Eagle Service Corporation                           100%                   Georgia

                                Eagle A.R.M.S., Inc.                                100%                   Georgia

                                Prime Eagle Mortgage Corporation                    100%                   Georgia

                                TFB Management, Inc                                 100%                   Delaware

                                TFB Management (NC), Inc.                           100%                   Delaware

                                TFB Management (RE), Inc.                           99.9%                  Delaware
</TABLE>


</TEXT>
</DOCUMENT>