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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 29, 1997
Community Financial Corp.
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(Exact name of registrant as specified in its charter)
Illinois 0-26292 37-1337630
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(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
240 E. Chestnut Street, Olney, Illinois 62450-2295
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(618) 395-8676
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Not Applicable
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(Former name or former address, if changed since last report)<PAGE>
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ITEM 5. OTHER EVENTS
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On January 29, 1997 the Registrant authorized the repurchase
of up to 119,356 shares of the Registrant's common stock, $.01 par
value per share, which may become available for repurchase from
time to time. Such repurchases are to be effected through open
market purchases, negotiated transactions or in such other manner
as will comply with applicable law.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, hereunto duly authorized.
COMMUNITY FINANCIAL CORP.
Date: February 5, 1997 By: /s/ Shirley B. Kessler
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Shirley B. Kessler
President
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