Exhibit 21




                         Subsidiaries of the Registrant

                                      Jurisdiction of Incorporation     Name under which
Name                                         or Origination           business is conducted
- ----                                         --------------           ---------------------

                                                                       
Roxborough-Manayunk Bank                      United States                    (2)

TGH Corp.                                       Delaware                       (2)

Montgomery Services Corporation(1)            Pennsylvania                     (2)

Ridge Service Corporation(1)                  Pennsylvania                     (2)

Roxdel Corp(1)                                  Delaware                       (2)


- -------------------------
(1)      Subsidiary of Roxborough-Manayunk Bank.
(2)      Same as corporate name.