The Community Financial Corporation in Class of 35 Named to the Piper Sandler Bank & Thrift Sm-All Stars Class of 2021
September 30 2021 - 4:18PM
The Community Financial Corporation (NASDAQ: TCFC) (the “Company”),
parent company of Community Bank of the Chesapeake (the “Bank”),
today announced its inclusion in the Piper Sandler Bank &
Thrift Sm-All Stars Class of 2021. Piper Sandler identified the
Company as one of the top-performing publicly traded small-cap
banks and thrifts in the country. The Company is one of two named
institutions from Maryland of the 35 total institutions named to
the Class of 2021.
The objective of the Sm-All Stars is “to
identify the top performing small-cap banks and thrifts in the
country,” Piper Sandler announced. “In doing this, we hope to
uncover the next crop of stellar mid-cap banks before they are
discovered by the rest of the world.” Piper Sandler is an
investment banking firm and broker-dealer focused on the financial
services sector.
To earn Sm-All Star status, companies needed to
have a market cap below $2.5 billion, a category that included over
380 institutions nationally. Companies were selected based on
performance in various areas including growth, profitability,
credit quality and capital strength.
“Receiving this recognition is a great honor and
testament to the talent, focus and commitment of our team,” stated
William J. Pasenelli, Chief Executive Officer. “We continue to
drive our organization forward, delivering value to our
shareholders, customers and communities, while achieving strong
financial performance.”
“Being named to this exclusive list of top
performing banks recognizes our strong results and success at
building an organization poised for future growth,” stated James M.
Burke, President. “We remain focused on our business strategy of
relationship banking, leveraging technology and Fintech
partnerships all with a view toward exceeding our customers'
expectations.”
About The Community Financial
Corporation - Headquartered in Waldorf, MD, The Community
Financial Corporation is the bank holding company for Community
Bank of the Chesapeake, a full-service commercial bank with assets
of approximately $2.2 billion. Through its branch offices and
commercial lending centers, Community Bank of the Chesapeake offers
a broad range of financial products and services to individuals and
businesses. The Company’s branches are located at its main office
in Waldorf, Maryland, and branch offices in Bryans Road, Dunkirk,
Leonardtown, La Plata, Charlotte Hall, Prince Frederick, Lusby and
California, Maryland; and downtown Fredericksburg, Virginia. More
information about Community Bank of the Chesapeake can be found at
www.cbtc.com.
Forward-looking Statements
This news release contains forward-looking
statements within the meaning of the federal securities laws.
Forward-looking statements can generally be identified by the fact
that they do not relate strictly to historical or current facts.
They often include words like "believe," "expect," "anticipate,"
"estimate" and "intend" or future or conditional verbs such as
"will," "would," "should," "could" or "may." Statements in this
release that are not strictly historical are forward-looking and
are based upon current expectations that may differ materially from
actual results. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those anticipated by the statements made herein. These risks
and uncertainties involve general economic trends, changes in
earnings, changes in interest rates, loss of deposits and loan
demand to other financial institutions, substantial changes in
financial markets, changes in real estate value and the real estate
market, regulatory changes, possibility of unforeseen events
affecting the industry generally, the uncertainties associated with
newly developed or acquired operations, the outcome of pending
litigation, and market disruptions and other effects of terrorist
activities. The Company undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unforeseen events,
except as required under the rules and regulations of the
Securities and Exchange Commission.
For more information, contact:
William PasenelliChief Executive(240)
427-1033wpasenelli@cbtc.com
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