Exhibit 21.1

SUBSIDIARIES

1. Wholly owned subsidiaries of First Mariner Bancorp

First Mariner Bank

Mariner Capital Trust II

Mariner Capital Trust III

Mariner Capital Trust IV

Mariner Capital Trust V

Mariner Capital Trust VI

Mariner Capital Trust VII

2. Wholly owned subsidiaries of First Mariner Bank

First Mariner Mortgage Corporation (inactive)

FM Appraisals, LLC

Compass Properties, Inc.

First Mariner Financial Services, Inc. (inactive)

FMB Holdings, Inc. (inactive)

Canton Crossing II, LLC

3. Wholly owned subsidiary of Canton Crossing II, LLC

Canton Crossing Borrower, LLC