Exhibit 21Subsidiaries of the Registrant

The following table provides a
listing of the direct and indirect operating subsidiaries of the Registrant, the percent
of voting stock held by the Registrant, and the jurisdiction of incorporation or
organization in which each subsidiary was incorporated or organized.

|Subsidiaries of the Registrant                    | Jurisdiction of
Incorporation
or Organization | Percentage of
Voting
Stock held by
Registrant
|------------------------------------------------- | --------------------------------------------- | ---------------------------------------------
|Citizens Acquisition Subsidiary Corporation       | Kentucky                                      | 100%                                         
|Farmers Bank & Capital Trust Co.                  | Kentucky                                      | 100%                                         
|United Bank & Trust Company                       | Kentucky                                      | 100%                                         
|First Citizens Bank                               | Kentucky                                      | 100%                                         
|Lawrenceburg National Bank                        | Kentucky                                      | 100%                                         
|Farmers Bank and Trust Company                    | Kentucky                                      | 100%                                         
|Kentucky Banking Centers, Inc.                    | Kentucky                                      | 100%                                         
|FCB Services, Inc.                                | Kentucky                                      | 100%                                         
|Kentucky General Holdings, LLC                    | Kentucky                                      | 100%                                         
|FFKT Insurance Services Company                   | Kentucky                                      | 100%                                         
|Farmers Capital Bank Trust I                      | Kentucky                                      | 100%                                         
|Farmers Capital Bank Trust II                     | Kentucky                                      | 100%                                         
|Citizens Bank of Northern Kentucky, Inc. (1)      | Kentucky                                     
|KHL Holdings, LLC (2)                             | Kentucky                                     
|Kentucky Home Life Insurance Company (3)          | Kentucky                                     
|Kentucky General Life Insurance Company, Inc. (4) | Kentucky                                     
|Leasing One Corporation (5)                       | Kentucky                                     
|Farmers Bank Realty Co. (5)                       | Kentucky                                     
|EG Properties, Inc.(5)                            | Kentucky                                     
|Farmers Capital Insurance Corporation (5)         | Kentucky                                     
|Farmers Fidelity Insurance Agency, LLP (6)        | Kentucky                                     
|Austin Park Apartments, LTD (7)                   | Kentucky                                     
|Frankfort Apartments II, LTD (8)                  | Kentucky                                     
|EH Properties, Inc.(9)                            | Kentucky                                     
|Pro Mortgage Partners, LLC (10)                   | Kentucky                                     
|Community Development of Kentucky, Inc.(4)        | Kentucky                                     
|EV Properties, Inc. (11)                          | Kentucky                                     
|Citizens Financial Services(1)                    | Kentucky                                     
|                                                 
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