| DIRECT SUBSIDIARIES    |      | INDIRECT SUBSIDIARIES        |      | STATE/JURISDICTION OFINCORPORATION |
|-----------------------------|--------------------------|-----------------------------------|--------------------------|-----------------------------------------|
|                        |                     |                              |                     |                                    |
| CIB MARINE BANCSHARES, INC. |                     |                              |                     | Wisconsin Corporation                   |
|                        |                     |                              |                     |                                    |
| CIBM Bank                   |                     |                              |                     | Illinois Commercial Bank                |
|                        |                     |                              |                     |                                    |
|                        |                     | Marine Investment Corporation     |                     | Nevada Subsidiary                       |
|                        |                     |                              |                     |                                    |
|                        |                     | CIB Real Estate Holdings, LLC (3) |                     | Illinois Limited Liability Company      |
|                        |                     |                              |                     |                                    |
| CIB Construction, LLC       |                     |                              |                     | Illinois Limited Liability Company      |
|                        |                     |                              |                     |                                    |
|                        |                     | Canron Corporation (1)            |                     | Michigan Corporation                    |
|                        |                     |                              |                     |                                    |
| CIB Statutory Trust III (3) |                     |                              |                     | Connecticut Statutory Trust             |
|                        |                     |                              |                     |                                    |
| CIB Statutory Trust IV (3)  |                     |                              |                     | Connecticut Statutory Trust             |
|                        |                     |                              |                     |                                    |
| CIB Marine Capital, LLC(2)  |                     |                              |                     | Wisconsin Limited Liability Company     |

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| (1) | CIB Construction owns 84% of the outstanding stock of Canron which filed for dissolution in December 2006. |
|-----|------------------------------------------------------------------------------------------------------------|

| (2) | During 2003, CIB Marine ceased to offer new loans through CIB Marine Capital and began winding down its affairs, including the sale and collection of outstanding loans. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Inactive subsidiaries. |
|-----|------------------------|

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