----

| 1.     |   | United      Western Bank - Organized Pursuant to a Federal Savings and Loan      Charter                                                                                        |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                            |
| 2.     |   | Matrix      Tower Holdings, LLC  – Formed in Delaware                                                                                                           |
|   |   |                                                                                                                                                                            |
| 3.     |   | Matrix      Financial Services Corporation (d/b/a Matrix Home Loan Center, Matrix      Capital Mortgage and Matrix Capital Mortgage Corporation) - Incorporated      in Arizona |
|   |   |                                                                                                                                                                            |
| 4.     |   | Matrix      Insurance Services Corporation – Incorporated inArizona                                                                                                       |
|   |   |                                                                                                                                                                            |
| 5.     |   | The      Vintage Group, Inc. - Incorporated in Texas                                                                                                                            |
|   |   |                                                                                                                                                                            |
| 6.     |   | Vintage      Delaware Holdings, Inc. - Incorporated in Delaware                                                                                                                 |
|   |   |                                                                                                                                                                            |
| 7.     |   | Sterling      Trust Company - Incorporated in Texas                                                                                                                             |
|   |   |                                                                                                                                                                            |
| 8.     |   | MSCS      Ventures, Inc. - Incorporated in Colorado                                                                                                                             |
|   |   |                                                                                                                                                                            |
| 9.     |   | UW      Asset Corp. – Incorporated in Colorado                                                                                                                            |
|   |   |                                                                                                                                                                            |
| 10.    |   | Matrix      Bancorp Trading, Inc. – Incorporated in Colorado                                                                                                              |
|   |   |                                                                                                                                                                            |
| 11.    |   | First      Matrix Investment Services Corp. (d/b/a First Matrix Investment Services)      – Incorporated in Texas                                                         |
|   |   |                                                                                                                                                                            |
| 12.    |   | First      Matrix, LLC – Organized in Colorado                                                                                                                            |
|   |   |                                                                                                                                                                            |
| 13.    |   | Matrix      Funding Corp. – Incorporated in Colorado                                                                                                                      |
|   |   |                                                                                                                                                                            |
| 14.    |   | Equi-Mor      Holdings, Inc. – Incorporated in Nevada                                                                                                                     |
|   |   |                                                                                                                                                                            |
| 15.    |   | New      Century Academy Property Management Group, LLC – Organized in      Arizona                                                                                       |
|   |   |                                                                                                                                                                            |
| 16.    |   | Charter      Facilities Funding, LLC – Organized in Minnesota                                                                                                             |
|   |   |                                                                                                                                                                            |
| 17.    |   | Charter      Facilities Funding IV, LLC – Organized in Colorado                                                                                                           |
|   |   |                                                                                                                                                                            |
| 18.    |   | Community      Development Funding I, LLC – Organized in Minnesota                                                                                                        |
|   |   |                                                                                                                                                                            |
| 19.    |   | UWBK      Fund Management, Inc. – Incorporated in Colorado                                                                                                                |
|   |   |                                                                                                                                                                            |
| 20.    |   | Matrix      Bancorp Capital Trust II - Organized Under Delaware Law                                                                                                             |
|   |   |                                                                                                                                                                            |
| 21.    |   | Matrix      Bancorp Capital Trust VI - Organized Under Delaware Law                                                                                                             |
|   |   |                                                                                                                                                                            |
| 22.    |   | Matrix      Bancorp Capital Trust VIII – Organized Under Delaware  Law                                                                                                    |

----