Exhibit 21


                         SUBSIDIARIES OF THE REGISTRANT



             Name                       Jurisdiction of Organization                         Ownership
- --------------------------------        ----------------------------           ------------------------------------
                                                                         
       James Monroe Bank                          Virginia                                     100%
James Monroe Statutory
          Trust I                                Connecticut                   100% of the common voting securities
James Monroe Statutory
          Trust II                               Connecticut                   100% of the common voting securities