Exhibit
21. Capital City Bank Group, Inc. Subsidiaries, as of December 31,
2008.
Direct Subsidiaries:
Capital
City Bank
CCBG
Capital Trust I (Delaware)
CCBG
Capital Trust II (Delaware)
Indirect
Subsidiaries:
Capital
City Banc Investments, Inc. (Florida)
Capital
City Services Company (Florida)
Capital
City Trust Company (Florida)
First
Insurance Agency of Grady County, Inc. (Georgia)
FNB
Financial Services, Inc. (Georgia)
Southern
Oaks, Inc. (Delaware)
Capital
City Mortgage Company (Florida) - Inactive