VALLEY COMMUNITY BANCSHARES INC
10-12G/A, EX-21, 2000-07-21
STATE COMMERCIAL BANKS
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                                   EXHIBIT 21



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                             SUBSIDIARIES OF COMPANY

<TABLE>
<CAPTION>
Parent
------
<S>                                                                            <C>
Valley Community Bancshares, Inc.


<CAPTION>
Subsidiaries (a)                                                                Percentage of Ownership
----------------                                                                -----------------------
<S>                                                                            <C>
Puyallup Valley Bank, a Washington State Bank                                           100%
Valley Bank, a Washington State Bank                                                    100%

</TABLE>

(a) The operation of Valley Community Bancshares, Inc.'s two wholly owned
subsidiaries are included in the financial statements set forth in this
Registration Statement.





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