Bailout Bank Bio: Community Financial Corp.

May 18, 2009 | 1 min read | Print Article

Community Financial Corp. is a unitary savings and loan holding company that operates through its wholly owned subsidiary, Community Bank (the Bank). The Bank is a federally chartered savings association. The Bank’s primary business consists of attracting deposits from the general public and originating real estate loans and other types of investments through its offices located in Staunton, Waynesboro, Stuart Drafts, Raphine, Verona, Lexington, Harrisonburg and Virginia Beach, Virginia. The company was founded in 1928 and is based in Staunton, Virginia.

In December the company announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program Bridge Capital received $12.6 million in exchange for preferred stock.

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Bailout Bank Bio: Community Financial Corp.


Federal Equity Investment	$12.6 million
Total Revenue	$23.233 million
Net Income	$3.836 million
Number of Employees	134
Corporate Headquarters	Staunton, Virginiaa
Business Sector	Bank
Officers and Directors	Richard, P. Douglas, President, Chief Executive Officer, Director Cooke, James, Chairman of the Board Other officers and Directors
Corporate Website	www.cbnk.com
Executive Compensation	Community Financial Corp.