<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>3
<FILENAME>ex21fm10k2002-1494.txt
<DESCRIPTION>EXHIBIT 21 - SUBSIDIARIES OF THE REGISTRANT
<TEXT>

                                   EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT


PARENT
------

Tri-County Financial Corporation


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

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


</TEXT>
</DOCUMENT>