You can do it like this:
using System.IO;
static void Main(string[] args)
{
    using(var reader = new StreamReader(@"C:\test.csv"))
    {
        List<string> listA = new List<string>();
        List<string> listB = new List<string>();
        while (!reader.EndOfStream)
        {
            var line = reader.ReadLine();
            var values = line.Split(';');
            listA.Add(values[0]);
            listB.Add(values[1]);
        }
    }
}