<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>10
<FILENAME>0010.txt
<TEXT>


                                   EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT


PARENT
------

Tri-County Financial Corporation
<TABLE>
<CAPTION>

                                                                 PERCENTAGE        STATE OF
SUBSIDIARY                                                         OWNED         INCORPORATION
----------                                                       ----------      -------------

<S>                                                                 <C>           <C>
Community Bank of Tri-County                                        100%          Maryland


SUBSIDIARIES OF COMMUNITY BANK OF TRI-COUNTY
--------------------------------------------

Community Mortgage Corporation
  of Tri-County                                                     100%          Maryland

Tri-County Federal Finance One                                      100%          Maryland

Tri-County Investment Corporation                                   100%          Delaware
</TABLE>

</TEXT>
</DOCUMENT>