EXHIBIT 21
                         SUBSIDIARIES OF THE REGISTRANT


 
 
                                                  Percentage               State                       
Subsidiaries                                        Owned             of Incorporation                 
- ------------                                     -----------          ----------------                 
                                                                                              
Sandy Spring National Bank of Maryland               100%               United States                    
                                                                                                          
Sandy Spring Insurance Corporation (1)               100%                 Maryland                         
                                                                                                          
Sandy Spring Mortgage Corporation (1)                100%                 Maryland                          

 
 
- ----------------
(1)       100% owned by Sandy Spring National Bank of Maryland.