EXHIBIT 21


                         SUBSIDIARIES OF THE REGISTRANT

                                December 31, 2002




                          REDWOOD EMPIRE BANCORP (REB)
                             Santa Rosa, California
                            a California corporation
                                                                       
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      Redwood Statutory Trust I                           National Bank of the Redwoods
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      Santa Rosa, California                              Santa Rosa, California
      a Connecticut statutory trust                       a national bank
      Owned 100% by REB                                   Owned 100% by REB
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    Valley Financial       Redwood Merchant                       |                      NBR Real Estate
  Mortgage Corporation      Services, Inc           Allied Diversified Credit            Investment Trust
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Santa Rosa, California     Santa Rosa, California     Santa Rosa, California             Santa Rosa, California
a California corporation   a California corporation   a California corporation           a Maryland corporation
(dba Santa Rosa Mortgage   Owned 100% by NBR          Owned 100% by NBR                  Owned 100% by NBR
and Investment Company)    Inactive                   Inactive
Owned 100% by NBR
Inactive