**EXHIBIT 21**

**SUBSIDIARIES OF THE REGISTRANT**

The following are the direct and indirect subsidiaries of Sterling Financial Corporation:

| **Subsidiary                                   ** | **State of Incorporation or Organization** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|
| Bank of Lancaster County, N.A.                                                                                                                                                                                                   |                                       |
| 1 East Main Street                                                                                                                                                                                                               |                                       |
| PO Box 0300                                                                                                                                                                                                                      |                                       |
| Strasburg, PA 17579                                                                                                                                                                                                              | (National Banking Association)             |
|                                                                                                                                                                                                         |                                       |
| Town & Country Leasing, LLC                                                                                                                                                                                                  |                                       |
| 1097 Commercial Avenue                                                                                                                                                                                                           |                                       |
| East Petersburg, PA 17520                                                                                                                                                                                                        | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Sterling Financial Trust Company                                                                                                                                                                                                 |                                       |
| 101 North Pointe Boulevard                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601-4133                                                                                                                                                                                                         | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Sterling Community Development Corporation, L.L.C.                                                                                                                                                                               |                                       |
| 101 North Pointe Boulevard                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601                                                                                                                                                                                                              | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Equipment Finance LLC                                                                                                                                                                                                            |                                       |
| 118 West Airport Road                                                                                                                                                                                                            |                                       |
| Lititz, PA 17543                                                                                                                                                                                                                 | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| EFI Holdings, Inc.                                                                                                                                                                                                               |                                       |
| Wilmington, DE 19803                                                                                                                                                                                                             | Delaware                                   |
|                                                                                                                                                                                                         |                                       |
| Bank of Hanover and Trust Company                                                                                                                                                                                                |                                       |
| 25 Carlisle Street                                                                                                                                                                                                               |                                       |
| Hanover, PA 17371                                                                                                                                                                                                                | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| First National Bank of North East                                                                                                                                                                                                |                                       |
| 14 S. Main Street                                                                                                                                                                                                                |                                       |
| North East, Maryland 21901                                                                                                                                                                                                       | (National Banking Association)             |
|                                                                                                                                                                                                         |                                       |
| Pennsylvania State Bank                                                                                                                                                                                                          |                                       |
| 2148 Market Street                                                                                                                                                                                                               |                                       |
| Camp Hill, PA 17011                                                                                                                                                                                                              | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Delaware Sterling Bank & Trust Company                                                                                                                                                                                       |                                       |
| 630 Churchman’s Road, Suite 204                                                                                                                                                                                             |                                       |
| Christiana, DE 19702                                                                                                                                                                                                             | Delaware                                   |
|                                                                                                                                                                                                         |                                       |
| Church Capital Management LLC                                                                                                                                                                                                    |                                       |
| 301 Oxford Valley Road, Suite 801B                                                                                                                                                                                               |                                       |
| Yardley, PA 19067                                                                                                                                                                                                                | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Bainbridge Securities, Inc.                                                                                                                                                                                                      |                                       |
| 301 Oxford Valley Road, Suite 801B                                                                                                                                                                                               |                                       |
| Yardley, PA 19067                                                                                                                                                                                                                | Pennsylvania                               |

 

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| **Subsidiary                                   ** | **State of Incorporation or Organization** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|
| Corporate Healthcare Strategies, LLC                                                                                                                                                                                             |                                       |
| d/b/a StoudtAdvisors                                                                                                                                                                                                             |                                       |
| 101 North Pointe Boulevard                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601                                                                                                                                                                                                              | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Lancaster Insurance Group, LLC                                                                                                                                                                                                   |                                       |
| 115 South Centerville Road                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601                                                                                                                                                                                                              | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Pennbanks Insurance Company SPC                                                                                                                                                                                                  |                                       |
| Cells P5 and P8                                                                                                                                                                                                                  |                                       |
| Grand Cayman, Cayman Island, BWI                                                                                                                                                                                                 | Cayman Islands                             |
|                                                                                                                                                                                                         |                                       |
| HOVB Investment Company                                                                                                                                                                                                          |                                       |
| 103 Foulk Road, Suite 202                                                                                                                                                                                                        |                                       |
| Wilmington, DE 19803                                                                                                                                                                                                             | Delaware                                   |
|                                                                                                                                                                                                         |                                       |
| T & C Leasing, Inc.                                                                                                                                                                                                          |                                       |
| 1097 Commercial Avenue                                                                                                                                                                                                           |                                       |
| East Petersburg, PA 17520                                                                                                                                                                                                        | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Sterling Mortgage Services, Inc.                                                                                                                                                                                                 |                                       |
| 101 North Point Boulevard                                                                                                                                                                                                        |                                       |
| Lancaster, PA 17601-4133                                                                                                                                                                                                         | Pennsylvania                               |
|                                                                                                                                                                                                         |                                       |
| Sterling Financial Statutory Trust I (1)                                                                                                                                                                                         |                                       |
| 101 North Pointe Boulevard                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601                                                                                                                                                                                                              | Connecticut                                |
|                                                                                                                                                                                                         |                                       |
| Sterling Financial Statutory Trust II (1)                                                                                                                                                                                        |                                       |
| 101 North Pointe Boulevard                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601                                                                                                                                                                                                              | Connecticut                                |
|                                                                                                                                                                                                         |                                       |
| Sterling Financial Statutory Trust III (1)                                                                                                                                                                                       |                                       |
| 101 North Pointe Boulevard                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601                                                                                                                                                                                                              | Delaware                                   |
|                                                                                                                                                                                                         |                                       |
| Sterling Financial Statutory Trust IV (1)                                                                                                                                                                                        |                                       |
| 101 North Pointe Boulevard                                                                                                                                                                                                       |                                       |
| Lancaster, PA 17601                                                                                                                                                                                                              | Delaware                                   |

|   |                                                                                                                                                    |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)    | Sterling owns 100% of Trust I, Trust II, Trust III and Trust IV, however, they are not included in the consolidated financial statements as per FIN 46. |

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