EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

Parent

Tri-County Financial Corporation

	Percentage	State of
	Owned	Incorporation
Subsidiary
Community Bank of Tri-County	100%	Maryland
Tri-County Capital Trust I	100%	Delaware
Tri-County Capital Trust II	100%	Delaware
Subsidiaries of Community Bank of Tri-County
Community Mortgage Corporation of Tri-County	100%	Maryland