Bailout Bank Bio: Tri-County Financial Corp

Aug 5, 2009 | 1 min read | Print Article

Tri-County Financial Corporation operates as the holding company of Community Bank of Tri-County. The company was founded in 1950 and is based in Waldorf, Maryland. As of December 31, 2007, the company operated eight branches located in Waldorf, Bryans Road, Dunkirk, Leonardtown, La Plata, Charlotte Hall, Prince Frederick, and California, Maryland. In December Tri-County announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program Tri-County received $15.5 million in exchange for preferred stock and warrants.

Federal Equity Investment	$15.5 million
Total Revenue	$42.3 million (2008)
Net Income	$5.1 million (2008)
Number of Employees	108
Corporate Headquarters	Waldorf, Maryland
Business Sector	Private Bank
Officers and Director	Mr. Michael Middleton, Chairman, CEO, President Other Officers and Directors
Corporate Website	https://www.cbtc.com/
Executive Compensation	Tri-County Financial Corporation