COMMUNITY FINANCIAL CORP /IL/
8-K, 2000-05-22
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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            SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, D.C.  20549

                         FORM 8-K

                     CURRENT REPORT
           Pursuant to Section 13 or 15(d) of
          the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 19, 2000

                     Community Financial Corp.
    -----------------------------------------------------
    (Exact name of registrant as specified in its charter)

   Illinois               0-26292              37-1337630
- --------------            ---------           ------------
(State or other         (Commission         (I.R.S. employer
jurisdiction of          file number)      identification no.)
incorporation)

   240 E. Chestnut Street, Olney, Illinois       62450-2295
   --------------------------------------------------------
   (Address of principal executive offices)      (Zip code)

Registrant's telephone number, including area code:(618)395-8676
                                                   -------------

                           Not Applicable
  ------------------------------------------------------------
  (Former name or former address, if changed since last report)




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ITEM 5.  OTHER EVENTS
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     On May 19, 2000, the Registrant announced that it had
received the final report of the Independent Inspectors of
Election in connection with the Company's Annual Meeting of
Shareholders held on April 27, 2000.  The report confirmed that
Barrett Rochman and Michael Nadler were elected to the Company's
eight member Board of Directors, having received 51% of the
1,662,441 votes cast. For further information, reference is made
to Registrant's press release dated May 18, 2000, which is
attached hereto as Exhibit 99.1, and incorporated herein by
reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
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AND EXHIBITS
- ------------

     The following is a list of exhibits filed with this Current
Report on Form 8-K.


  Exhibit No.       Description
  ----------        -----------

     99.1           Press Release, dated May 18, 2000
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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: May 19, 2000               By: /s/ Wayne H. Benson
                                     ------------------------
                                     Wayne H. Benson
                                     President and Chief
                                     Executive Officer

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                           NEWS RELEASE
                           CONTACT:
                           Wayne H. Benson
                           President and Chief Executive Officer
                           (618) 395-8676
                           FOR IMMEDIATE RELEASE



            COMMUNITY FINANCIAL CORP. ANNOUNCES

               ANNUAL MEETING VOTING RESULTS


     Olney, Illinois, May 18, 2000   Community Financial Corp.
(NASDAQ.nms:  CFIC) today announced that it had received the
final report of the Independent Inspectors of Election in
connection with the Company's Annual Meeting of Shareholders
held on April 27, 2000.  The report confirmed that Barrett
Rochman and Michael Nadler were elected to the Company's eight
member Board of Directors, having received 51% of the 1,662,441
votes cast.

     Wayne H. Benson, President and Chief Executive Officer,
commented:  "Having received the final voting results, we are
pleased to put the proxy contest behind us.  We welcome Mr.
Rochman and Mr. Nadler to the Board, and now must rededicate all
of our energies to enhancing value for all Community Financial
stockholders."

     Community Financial Corp. is the bank holding company for
Community Bank & Trust, N.A., American Bank of Illinois,
Egyptian State Bank, and MidAmerica Bank of St. Clair County.



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