Waldorf, Md., July 7, 2009 - Tri-County Financial Corporation, the holding company for Community Bank of Tri-County, was named among the Top 200 Community Banks in the United States by US Banker Magazine. The rankings are based on the institution's three-year average return on equity (ROE).
"We are very proud to receive this national recognition of our bank and its operations" says Michael L. Middleton, CEO and President of Community Bank of Tri-County. "Community Bank of Tri-County's financial strength is built on a solid foundation through five decades of sound business strategies rooted in conservative banking."
The article, featured in the June 2009 issue, details the results of its research and ranking in a list of the top 200 community banks. The list includes all banks and thrifts with less than $2 billion in assets as of Dec. 31, 2008, that are traded on major exchanges, pink sheets and bulletin boards.
"We have a strong balance sheet, liquidity and capital to invest in our communities," says Middleton. "Our management philosophy has prepared us to withstand economic cycles such as the one we are in now, while at the same time positioning the bank for future growth."
Community Bank of Tri-County is the oldest independent financial institution headquartered in Southern Maryland with ten branches and approximately $750 million in assets. Community Bank of Tri-County branches are conveniently located throughout Charles, Calvert and St. Mary's counties.