**EXHIBIT 21.1**

 

**COMMUNITY FIRST BANKSHARES, INC.**

**SUBSIDIARIES**

 
| **Subsidiary Bank:**                              |   | **Location**                       |   | **Ownership  Percentage**                              |
|---------------------------------------------------|--------|------------------------------------|--------|--------------------------------------------------------|
|                                              |   |                               |   |                                                   |
| Community First National Bank                     |   | Fargo, ND                          |   | 100.00%                                                |
|                                              |   |                               |   |                                                   |
| **Nonbank  Subsidiaries:**                        |   |                               |   |                                                   |
|                                              |   |                               |   |                                                   |
| Community First Financial, Inc.                   |   | Fargo, ND                          |   | 100.00%                                                |
| Community First Technologies, Inc.                |   | Fargo, ND                          |   | 100.00%                                                |
| Community First Properties, Inc.                  |   | Fargo, ND                          |   | 100.00%                                                |
| CFB Capital III                                   |   | Fargo, ND                          |   | 100.00%                                                |
| CFB Capital IV                                    |   | Fargo, ND                          |   | 100.00%                                                |
| HBC Aviation, LLP                                 |   | Fargo, ND                          |   | 37.50%                                                 |
|                                              |   |                               |   |                                                   |
| **Subsidiaries  of Subsidiaries (100% Owned):**   |   |                               |   |                                                   |
|                                              |   |                               |   |                                                   |
| Community First Insurance, Inc.                   |   | Fargo, ND                          |   | Subsidiary of Community First National Bank            |
|                                              |   |                               |   |                                                   |
| CFB Community Development Corporation             |   | Fargo, ND                          |   | Subsidiary of Community First National Bank            |
|                                              |   |                               |   |                                                   |
| Equity Lending, Inc.                              |   | Fargo, ND                          |   | Subsidiary of Community First National Bank            |
|                                              |   |                               |   |                                                   |
| Community First Holdings, Inc.                    |   | Georgetown, British Cayman Islands |   | Subsidiary of Community First National Bank            |
|                                              |   |                               |   |                                                   |
| Community First Home Mortgage, Inc.               |   | Fargo, ND                          |   | Subsidiary of Community First National Bank            |
|                                              |   |                               |   |                                                   |
| **Subsidiaries of Subsidiaries of  Subsidiaries** |   |                               |   |                                                   |
|                                              |   |                               |   |                                                   |
| Community First Insurance, Inc. Wyoming           |   | Cheyenne, WY                       |   | 100% Subsidiary of Community First Insurance, Inc.     |
|                                              |   |                               |   |                                                   |
| CFIRE, Inc.                                       |   | Fargo, ND                          |   | 100% Subsidiary of Community First Holdings, Inc.      |
|                                              |   |                               |   |                                                   |
| Community First Mortgage, LLC                     |   | Fargo, ND                          |   | 50% Subsidiary of Community First Home Mortgage,  Inc. |

 

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