The Community Financial Corporation Announces Appointments to Its Board of Directors

WALDORF, Md., December 23, 2020 (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ: TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake, (the “Bank”) announced that on December 17, 2020 the Board of Directors appointed Michael B. Adams, James M. Burke, Gregory C. Cockerham and James F. Di Misa to the Company’s Board of Directors, effective January 1, 2021.

Michael B. Adams is the President of JON Properties, LLC., a full service commercial real estate company in Fredericksburg, Virginia. JON Properties has won numerous awards, particularly for its work on Historic Renovation and tax credit projects in the Fredericksburg, Virginia region. Prior to starting JON Properties, Mr. Adams worked at WEB Equipment, Inc., a dealer in rough terrain forklifts. Mr. Adams served as President of WEB Equipment, Inc. from 1995 – 2006. Mr. Adams serves, or has served, on numerous boards of community organizations. These include the Fredericksburg Rotary Club, the Cal Ripken, Sr. Foundation, the Fredericksburg Area Museum, the Central Virginia Housing Coalition, Loisann’s Hope House and the Germanna Community College Education Foundation. Mr. Adams is also a member of the Fredericksburg Builders Association, the National Association of Home Builders, the Fredericksburg Realtors Association
and the National Realtors Association. Mr. Adams attended Prince George’s Community College and the University of Maryland where he studied Business Management. Mr. Adams holds a Class A General Contractors License and is a licensed realtor in the state of Virginia. Mr. Adams will serve on the Board Risk Oversight Committee and Audit Committee of the Company’s Board of Directors.

James M. Burke joined the Bank in 2005. He serves as Executive Vice President of the Company and as President of the Bank. Before his appointment as President of the Bank in 2016, he served as Executive Vice President and Chief Risk Officer. Before joining the Bank, Mr. Burke was Executive Vice President and Senior Loan Officer at Mercantile Southern Maryland Bank. Mr. Burke has over 20 years of banking experience. Mr. Burke serves as Chairman of the Board for St. Mary’s Ryken High School and Trustee for Historic Sotterley Plantation. He is the former Chairman of the Board of Directors of University of Maryland Charles Regional Medical Center and former Board member for the ARC of Southern Maryland. Mr. Burke is a Maryland Banking
School graduate and holds a Bachelor of Arts from High Point University. He is also a graduate
of the East Carolina Advanced School of Commercial Lending. Mr. Burke has served on the Board
of Directors of the Bank since 2016.

Gregory C. Cockerham joined the Bank in 1988. Before Mr. Cockerham’s retirement as an employee of the Bank on December 31, 2019, he served as Executive Vice President and Chief Lending Officer. Before joining the Bank, he was a Vice President at Maryland National Bank. Mr. Cockerham has over 40 years of banking experience. Mr. Cockerham serves as Emeritus and Past Chair of the Board of Directors for the College of Southern Maryland Foundation and Finance Chair of the Potomac Baptist Association. He is Past Chair of Maryland Title Center, former President of the Rotary Foundation Board of Charles County, and Past Chair of the Charles County Board of Education CRD Program. Mr. Cockerham is a Maryland Banking School graduate and holds a Bachelor of Science from West Virginia University. Mr. Cockerham has served on the Board of Directors of the Bank since 2016. Mr. Cockerham will serve on the Board Risk Oversight Committee of the Company’s Board of Directors. He also serves on the Bank Board’s Credit Risk Committee.

James F. Di Misa joined the Bank in 2005. Before Mr. Di Misa’s retirement as a Bank employee on March 31, 2019, he served as Executive Vice President and Chief Operating Officer. Before joining the Bank, Mr. Di Misa served as Executive Vice President of Mercantile Southern Maryland Bank. Mr. Di Misa has over 30 years of banking experience. Mr. Di Misa served on the Board of Trustees of the College of Southern Maryland. He is former Chairman of the Board of Trustees for the Maryland Banking School, Past Chair of the Charles County Rotary Scholarships Program, Past President of the Charles County Rotary Club, former Governor
Appointment to the Tri-County Work Force Investment Board, and Past President and Founder of the La Plata Business Association. Mr. Di Misa is a Stonier Graduate School of Banking graduate and holds a Master of Business Administration from Mount St. Mary’s College and a Bachelor of Science from George Mason University. Mr. Di Misa has served on the Board of Directors of the Bank since 2016. He will serve on the Board Risk Oversight Committee of the Company’s Board of Directors. Mr. Di Misa currently serves as Chairman of the Bank Board’s Credit Risk Committee.

“We are pleased to have Mr. Adams join the Board of Directors. Mr. Adams is a well-respected and known business leader in the Fredericksburg region. As the Bank continues to expand in this market, his business acumen and experience in the Fredericksburg community will play an important role in the Company’s strategic efforts and expansion,” said Austin J. Slater, Jr., Chairman of the Board of the Company and the Bank.

“Messrs. Burke, Cockerham and Di Misa have long been leaders at the Bank and Company. Each of them have made tremendous contributions to the success of the organization. While Mr. Di Misa and Mr. Cockerham have retired as employees from the Bank, their continued leadership and guidance through their appointment to the Board of Directors of the Company will further drive the organization forward. Serving as President of Community Bank of the Chesapeake, Mr. Burke’s appointment to the Holding Company Board is vital in our continued success. We are honored to have each of these individuals join the Board,” said William J. Pasenelli, Chief Executive Officer of the Company and the Bank.

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 $2.1 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 banking centers are located at its main office in Waldorf, Maryland, and branch offices in Waldorf, 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.