|By PR Newswire||
|December 9, 2013 03:53 PM EST||
WALDORF, Md., Dec. 9, 2013 /PRNewswire/ -- The Community Financial Corporation (NASDAQ: TCFC) (formerly Tri-County Financial Corporation), the holding company for Community Bank of the Chesapeake, announced today that it has been added to the American Bankers Association (ABA) NASDAQ Community Bank Index, the nation's most broadly representative stock index for community banks. The index includes approximately 390 community banks with more than $183 billion in market capitalization.
"We are very pleased to be included in the ABA NASDAQ Community Bank Index and feel it will bring added visibility and recognition of our company within Wall Street," said Michael L. Middleton, Chairman and Chief Executive Officer. "This recognition underscores our continued success in providing long-term shareholder value."
"We are positioned to expand into a broader market area," said William J. Pasenelli, President and Chief Financial Officer. "This has been accomplished through a recent capital raise of common stock in October 2013, netting $27.4 million in proceeds, our listing on NASDAQ in September and our expansion into the Fredericksburg market area."
The ABA Community Bank Index serves as a benchmark for the community banking industry. Intraday pricing of the Index and each of the banks on the Index, including The Community Financial Corporation, is available daily through the American Bankers Association's website (www.aba.com) and other financial data vendors such as Bloomberg and Yahoo.
About The Community Financial Corporation - The Company is the bank holding company for Community Bank of the Chesapeake, which conducts business through its main office in Waldorf, Maryland, and ten branch offices in Waldorf, Bryans Road, Dunkirk, Leonardtown, La Plata, Charlotte Hall, Prince Frederick, Lusby and California, Maryland and King George, Virginia. The bank also operates three loan production offices in La Plata and Prince Frederick, Maryland and Fredericksburg, Virginia.
SOURCE The Community Financial Corporation