Community Financial

The Community Financial Corp. operates as a bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. It offers loans and investments. The firm through its subsidiary, provides demand, savings and time deposits and commercial and residential mortgage, construction and land development, home equity and second mortgages, and commercial equipment loans. The company was founded in 1989 and is headquartered in Waldorf, MD.

Earnings data Q1 2024

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WALDORF, Md., July  02, 2020  (GLOBE NEWSWIRE) -- Community Bank of the Chesapeake is pleased to welcome Warren Rice as Senior Vice President, Commercial Loan Officer for the Calvert County market. In this role, he will focus on generating business lending opportunities while building banking relationships within the business community.

Warren Rice Joins Community Bank of the Chesapeake as Senior Vice President, Commercial Loan Officer

WALDORF, Md., June  03, 2020  (GLOBE NEWSWIRE) -- Community Bank of the Chesapeake kicks off their annual Calendar Contest, inviting community members to submit their photographs to help fill their 2021 community calendar. This year’s theme is “Celebrating 70 Years.”  Photos can be submitted representing the community through the years, including landscapes, animals, local businesses and more. Photos will be selected by the Bank and community voting to fill the Bank’s 2021 calendar.

Celebrate 70 Years With Community Bank of the Chesapeake’s 2021 Calendar Contest

WALDORF, Md., May  08, 2020  (GLOBE NEWSWIRE) -- Community Bank of the Chesapeake proudly supports community organizations through their Annual Casual for a Cause program. On behalf of their employees and the Community Bank team, they have pledged $20,000 in community giving. Now, more than ever, community support is important whether it is volunteering, supporting small businesses, or donating to the non-profit community.

Community Bank of the Chesapeake Pledges $20,000 in Community Giving During Annual Casual for a Cause Campaign

WALDORF, Md., March  20, 2020  (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per share of common stock.  The dividend will be paid on or about April 21, 2020 to stockholders of record as of the close of business on April 7, 2020. 

THE COMMUNITY FINANCIAL CORPORATION - ANNOUNCES QUARTERLY CASH DIVIDEND

WALDORF, Md., Jan.  14, 2020  (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake (the “Bank”), today announced the redemption of $23.0 million principal amount of its 6.25% Subordinated Debt Securities due February 15, 2025 (the “Subordinated Notes”) issued by the Company.  The redemption date for the Subordinated Notes is February 15, 2020 (the “Redemption Date”).  The Company expects to fund the redemption with approximately $10.7 in net proceeds from its December 31, 2019 private placement offering of common stock and a cash dividend from the Bank.

The Community Financial Corporation Announces Redemption of Subordinated Notes

WALDORF, Md., Dec.  31, 2019  (GLOBE NEWSWIRE) -- The Community Financial Corporation, (NASDAQ: TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake (the “Bank”) announced today that it has completed a private placement of 312,747 shares of its common stock.  For shares issued to non-insiders of the Company, the number of shares of common stock issued in the private placement was determined based on a price of $34.28 per share, which represents the thirty-day average closing price of the Company’s common stock ending on December 17, 2019.  For insiders of the Company, as required by NASDAQ market rules, the amount of common stock issued in the private placement was determined based on a price of $35.43 per share, which represents the consolidated closing bid price per share immediately preceding the time the Company entered into a binding agreement to issue the securities.  There were no underwriting discounts or commissions.

The Community Financial Corporation Announces $10.8 Million Private Placement of Common Stock

WALDORF, Md., Dec.  19, 2019  (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per share of common stock.  The dividend will be paid on or about January 29, 2020 to stockholders of record as of the close of business on January 20, 2020. 

The Community Financial  Corporation  Announces Quarterly Cash Dividend

WALDORF, Md., Dec.  12, 2019  (GLOBE NEWSWIRE) -- Community Bank of the Chesapeake announces the addition of Philip Pierce as Business Development Officer. In this position, Mr. Pierce will be responsible for developing client relationships and driving deposit growth opportunities in the market. Working closely with businesses, non-profits and individuals, Philip will help grow Community Bank’s presence in the region.

Community Bank of the Chesapeake Welcomes Philip Pierce as Business Development Officer in Fredericksburg, VA

WALDORF, Md., Dec.  02, 2019  (GLOBE NEWSWIRE) -- Community Bank of the Chesapeake will take to social media to raise awareness of 12 deserving local organizations that do inspiring things for the community. The Bank will feature one per day over a 12-day period, December 2 – 13, on its Facebook page. Every time a user “Likes” the Bank’s post, the Bank will donate $1 (up to 150 likes) to the particular organization being featured. In addition, the Bank is donating a base amount of $350 to each group, for a total amount of up to $500 given to each cause.

Community Bank of the Chesapeake Sponsors 12 Organizations in 12 Days of Giving on Facebook

WALDORF, Md., Nov.  12, 2019  (GLOBE NEWSWIRE) -- Community Bank of the Chesapeake is hosting its 9th Annual Holiday Food and Toy Drive November 4 through December 6, 2019. Non-perishable food items and new, unwrapped toys can be dropped off at any Community Bank branch.

Give Where You Live With Community Bank of the Chesapeake’s Holiday Food and Toy Drive

WALDORF, Md., Oct.  30, 2019  (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake (the “Bank”), today announced that Chairman, Michael L. Middleton will retire on June 30, 2020 as Chairman of the Board and as a director of both the Company and the Bank after 40 years of devoted service. Mr. Middleton was instrumental in shaping the Bank through his leadership, visionary ideas and expert knowledge. The Board has selected Austin J. Slater, Jr., to succeed Mr. Middleton as Chairman on that date. The Board also appointed Austin J. Slater, Jr. as Lead Independent Director of the Bank and Holding Company effective immediately to serve through June 30, 2020.

The Community Financial Corporation Announces Board Chairman Succession Plan

WALDORF, Md., Oct.  01, 2019  (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake (the “Bank”), today announced that on September 25, 2019, the Board of Directors appointed Kimberly Briscoe-Tonic to the Company’s Board of Directors, effective September 25, 2019. Ms. Briscoe-Tonic will fill the vacancy on the Board created by the September 19, 2019 resignation of John K. Parlett, Jr. Ms. Briscoe-Tonic will be appointed to the Board of Director’s Enterprise Risk Committee. She will continue to serve on the Bank’s Credit Risk Committee.

The Community Financial Corporation Announces the Appointment of Kimberly Briscoe-Tonic to Its Board of Directors

WALDORF, Md., Sept.  24, 2019  (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per share of common stock.  The dividend will be paid on or about October 21, 2019 to stockholders of record as of the close of business on October 7, 2019. 

The Community Financial Corporation Announces Quarterly Cash Dividend.

News for Community Financial Stock (TCFC)