Exhibit 21

                         SUBSIDIARIES OF THE REGISTRANT



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