EXHIBIT 21

SUBSIDIARIES OF NORTHERN STATES FINANCIAL CORPORATION

NorStates Bank

1601 N. Lewis Avenue

Waukegan, Illinois  60085

State of Organization - Illinois

A Wholly-Owned Subsidiary of

Northern States Financial Corporation

NorProperties, Inc.

1601 N. Lewis Avenue

Waukegan, Illinois  60085

State of Organization - Illinois

A Wholly-Owned Subsidiary of

Northern States Financial Corporation

Northern States Statutory Trust I

1601 N. Lewis Avenue

Waukegan, IL  60085

State of Organization – Delaware

A Wholly-Owned Subsidiary of

Northern States Financial Corporation

Northern States Community Development Corporation

1601 N. Lewis Avenue

Waukegan, Illinois  60085

State of Organization - Illinois

A Wholly-Owned Subsidiary of

NorStates Bank

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