COMMUNITY FINANCIAL CORP /IL/, SC 13D/A, 2000-04-06

COMMUNITY FINANCIAL CORP /IL/
SC 13D/A, 2000-04-06
SAVINGS INSTITUTION, FEDERALLY CHARTERED

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

Community Financial Corp.
-----------------------------------------------
(Name of Issuer)

Common Stock
-----------------------------------------------
(Title of Class of Securities)

20364V-10-9
-----------------------------------------------
(CUSIP Number)

Barrett R. Rochman, 1345 East Park Street,
Carbondale, Illinois 62901 (618/529-3513)
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

April 6, 2000
--------------------------------------------------------
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

<PAGE>

CUSIP NO. 20364V-10-9
-----------

- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Barrett R. Rochman
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY

- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)

PF, BK
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [X]

- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER

NUMBER OF
100,700(1)
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY

OWNED BY 22,300(2)
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER

REPORTING
100,700(1)
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
22,300(2)
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

129,340(3)
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]

- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%(4)
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- ------------------------------------------------------------------------------

(1) Mr. Rochman owns 100,700 shares directly. In addition to the 100,700
shares owned by Mr. Rochman, Marilyn Rochman, the wife of Mr. Rochman,
owns 6,340 shares directly.

(2) The Boo Rochman Charitable Corp. owns 19,300 shares, and the Rochman
Family Investment owns 3,000 shares. Mr. Rochman and Marilyn Rochman
have shared voting and dispositive power over these shares.

(3) Includes the (i) 123,000 shares over which Mr. Rochman has sole or
shared voting or dispositive power, and (ii) 6,340 shares owned by
Marilyn Rochman.

(4) Based on 2,213,645 shares of common stock, par value $0.01 per share,
of Community Financial Corp. reported to be outstanding in Community
Financial Corp.'s Form 10-Q for the quarter ended September 30, 1999
and in Community Financial Corp.'s definitive proxy statement relating
to its 2000 annual meeting of the stockholders filed with the
Securities and Exchange Commission.

2
<PAGE>

Item 1. Security and Issuer
- ----------------------------

This Amendment No. 4 to Schedule 13D (the "Amendment") relates
to the common stock, par value $0.01 per share, of Community
Financial Corp. (the "Issuer"). The Issuer's principal
executive office is located at 240 East Chestnut, Olney,
Illinois 62450.

Item 2. Identity and Background
- --------------------------------

(a) This Amendment is being filed by Barrett R. Rochman as an
individual.

(b) Mr. Rochman's principal business address is 31 Homewood,
Carbondale, Illinois 62901.

(c) Mr. Rochman's principal occupation is the real estate
investment business. Mr. Rochman's principal real estate
investment activities include owning and renting commercial
and residential real estate, purchasing tax certificates in
Illinois and managing real property acquired through tax
certificates. Mr. Rochman engages in his principal occupation
through the following entities:

Rochman Rentals - 31 Homewood, Carbondale, Illinois 62901
(rental property company) S.I. Securities - 31 Homewood,
Carbondale, Illinois 62901 (real estate investment company)
S.I. Securities, Inc. - 31 Homewood, Carbondale, Illinois
62901 (real estate investment company) S.I.-P.I. - 31
Homewood, Carbondale, Illinois 62901 (real estate investment
company) Boo Noz Corp. - 31 Homewood, Carbondale, Illinois
62901 (real estate investment company) S.I. Boo, LLC - 31
Homewood, Carbondale, Illinois 62901 (real estate investment
company)

(d) During the last five years, Mr. Rochman has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).

(e) The Securities and Exchange Commission (the "Commission")
instituted proceedings against Mr. Rochman alleging that Mr.
Rochman violated Section 13(d) of the Securities Exchange Act
of 1934 and certain rules thereunder (collectively the
"Laws"). These proceedings were settled on February 17, 1999
without Mr. Rochman having to admit or deny any of the alleged
violations. As part of the settlement, the Commission ordered
Mr. Rochman to cease and desist from committing or causing any
violation or any future violation of the Laws. These
proceedings of the Commission related to filings with the
Commission of Schedule 13D and amendments thereto required of
Mr. Rochman in connection with his ownership of more than 5%
of the outstanding shares of common stock of Heartland
Bancshares, Inc. Mr. Rochman was not required to pay any fine
or penalty in connection with the settlement.

(f) Mr. Rochman is a citizen of the United States of America.

3
<PAGE>

Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------

As indicated on Line 4 of the Cover Page of this Amendment,
Mr. Rochman has used bank loans, personal funds (including
broker margin account funds), insurance proceeds from a
settlement relating to the death of Mr. Rochman's son, Jeremy
Rochman, and funds of the Boo Rochman Charitable Corp. and
Rochman Family Investment in making purchases of the Issuer's
common stock. As of the date of this Amendment, the total
amount of funds used in the purchase of the Issuer's shares of
common stock by Mr. Rochman, the Boo Rochman Charitable Corp.,
the Rochman Family Investment and Marilyn Rochman is
approximately $1,231,738. This amount is based on the total
number of shares of the Issuer's common stock purchased by Mr.
Rochman, Boo Rochman Charitable Corp., Rochman Family
Investment and Marilyn Rochman multiplied by the price per
share paid and does not include broker fees associated with
such purchases. To date, Mr. Rochman has obtained personal
loans in the amount of $500,000 from the First National Bank &
Trust Company, Carbondale, Illinois, and Mr. Rochman, the Boo
Rochman Charitable Corp., the Rochman Family Investment and
Marilyn Rochman have used approximately $731,738 of their
respective funds, including, with respect to Mr. Rochman,
funds obtained from his broker margin accounts, in connection
with the purchase of the shares identified herein.

Item 4. Purpose of Transaction
- -------------------------------

Although the shares of common stock of the Issuer identified
in this Amendment that are beneficially owned by Mr. Rochman
were acquired for investment purposes, Mr. Rochman may, as set
forth below, seek to influence control of the Issuer, as well
as consider other measures to enhance stockholder value.
Although Mr. Rochman presently has no plan to pursue an
immediate sale of the Issuer, Mr. Rochman is open to
considering a sale of the Issuer as part of a strategy for
enhancing stockholder value. Mr. Rochman may purchase
additional shares of common stock of the Issuer.

On January 11, 2000, Mr. Rochman met informally with Mr. Wayne
Benson, President of the Issuer, to discuss the possibility of
Mr. Rochman becoming a member of the board of directors of the
Issuer. Mr. Rochman also discussed his thoughts on what
direction the corporate strategy of the Issuer should take,
including his desire to have the loan portfolios of the
Issuer's subsidiaries be more similar to that of commercial
banks rather than savings associations and to have the Issuer
grow in asset size through start-up operations in other
markets and/or acquisitions of other financial institutions.
As of the date of this Amendment, neither Mr. Rochman nor Mr.
Nadler has been invited to join the Issuer's board of
directors or selected as management's nominee for election as
a director at the Issuer's 2000 annual meeting of stockholders
or at the next meeting of stockholders at which directors are
elected (the "Stockholders Meeting").

Accordingly, in connection with the Stockholders Meeting, Mr.
Rochman presently intends to (a) nominate himself and Michael
B. Nadler for election as directors of the Issuer, and (b)
submit a proposal for consideration by the stockholders of the
Issuer recommending that the board of directors engage the
services of a consultant or other advisor which has experience
in advising financial institutions to make recommendations to
the board of directors of the Issuer as to specific actions
designed to improve earnings and enhance stockholder value.

4
<PAGE>

Mr. Rochman presently is soliciting proxies for use at the
Stockholders Meeting in favor of his director nominees and his
stockholder proposal. Mr. Rochman's proxy solicitation in
connection with the Stockholders Meeting is in opposition to
any proxy solicitation by the board of directors of the Issuer
with respect to the same meeting.

On March 8, 2000, Mr. Rochman filed a complaint with the
Circuit Court of the Second Judicial Circuit in Richland
County, Illinois requesting that a judgment be entered
against the Issuer and directing the Issuer to deliver to
Mr. Rochman the minutes for the meetings that occurred from
and after January 1, 1999 of the Issuer's (i) Board of
Directors, (ii) Management Recognition Plan Committee, and
(iii) Compensation Committee. In addition, Mr. Rochman is
requesting that the Court assess a penalty against the
Issuer as provided by applicable law. Mr. Rochman requested
these minutes from the Issuer twice under Illinois law, and
the Issuer refused to provide or allow Mr. Rochman to
examine and copy the minutes. The purposes for Mr. Rochman's
request for the minutes were to permit Mr. Rochman to
communicate with other stockholders of the Issuer on matters
relating to (i) the affairs of the Issuer, (ii) the 2000
annual meeting of stockholders of the Issuer and (iii) Mr.
Rochman's solicitation of proxies in connection with such
annual meeting. Settlement discussions with respect to this
lawsuit occurred on March 15, 2000, but no settlement was
reached. On March 27, 2000, the Court ordered the Issuer to
turn over to Mr. Rochman the minutes that he requested. The
Court did not assess any penalty against the Issuer. The
Order by the Court is attached hereto as an exhibit.

On March 17, 2000, March 22, 2000, March 24, 2000 and March
31, 2000, Mr.Rochman filed additional definitive soliciting
materials with the Securities and Exchange Commission. Copies
of such additional definitive soliciting materials are
attached hereto as exhibits.

Item 5. Interest in Securities of the Issuer
- ---------------------------------------------

(a) Mr. Rochman beneficially owns 129,340 shares, or 5.8%, of the
outstanding common stock of the Issuer. (The percentage of
outstanding common stock is based upon the number of
outstanding shares of common stock of the Issuer as set forth
in its Form 10-Q for the quarter ended September 30, 1999 and
in the Issuer's definitive proxy statement relating to its
2000 annual meeting of the stockholders filed with the
Securities and Exchange Commission).

(b) Mr. Rochman has sole power to vote and dispose of 100,700
shares of common stock of the Issuer, as identified on Lines 7
and 9 of the Cover Page of this Amendment. In addition to such
100,700 shares, Marilyn Rochman, the wife of Mr. Rochman,
beneficially owns 6,340 shares of common stock of the Issuer,
over which she has sole voting and dispositive power. Mr.
Rochman and Marilyn Rochman share the power to vote and
dispose of 22,300 shares of common stock of the Issuer, as
identified on Lines 8 and 10 of the Cover Page of this
Amendment. The identity and background information for Marilyn
Rochman is as follows:

(i) Name: Marilyn Rochman.

(ii) Address: 31 Homewood, Carbondale, Illinois
62901.

(iii) Principal Occupation: Housewife.

(iv) During the past five years, Marilyn Rochman
has not been convicted in a criminal
proceeding (excluding traffic violations or
other misdemeanors).

5
<PAGE>

(v) During the past five years, Marilyn Rochman
has not been a party to a civil proceeding
of a judicial or administrative body of
competent jurisdiction, which as a result of
such proceeding she was or is subject to a
judgment, decree or final order enjoining
future violations of, or prohibiting or
mandating activities subject to, federal or
state securities laws or finding any
violation with respect to such laws.

(vi) Citizenship: United States of America.

(c) Mr. Rochman has effected the following transactions involving
the common stock of the Issuer in the past sixty (60) days:

<TABLE>
<CAPTION>
Date of Number of Price
Name Transaction Shares Purchased Per Share Place/Manner of Transaction
- ---- ----------- ---------------- --------- ---------------------------
<S> <C> <C> <C> <C>
Barrett R. Rochman December 27, 1999 600 $9-3/16 Open market purchase / Broker
Barrett R. Rochman January 3, 2000 10,000 $9-7/16 Open market purchase / Broker
Barrett R. Rochman January 5, 2000 2,000 $9-5/16 Open market purchase / Broker
Barrett R. Rochman January 5, 2000 2,300 $9-3/8 Open market purchase / Broker
Barrett R. Rochman January 6, 2000 2,300 $9-1/14 Open market purchase / Broker
Barrett R. Rochman January 6, 2000 2,000 $9-1/8 Open market purchase / Broker
Barrett R. Rochman January 6, 2000 1,000 $9-1/16 Open market purchase / Broker
Barrett R. Rochman January 6, 2000 1,000 $9.00 Open market purchase / Broker
Barrett R. Rochman January 7, 2000 1,000 $11-1/2 Off the market purchase
Barrett R. Rochman January 10, 2000 1,100 $9.00 Open market purchase / Broker
Barrett R. Rochman February 1, 2000 2,500 $9-1/4 Open market purchase / Broker
Barrett R. Rochman February 1, 2000 10,000 $9.20* Open market purchase / Broker
Barrett R. Rochman February 8, 2000 1,000 $11-1/2 Off the market purchase
</TABLE>

* Reflects the average purchase price of shares purchased.

As indicated on the Cover Page of this Amendment, Mr. Rochman
has shared voting and dispositive power over shares owned by
the Boo Rochman Charitable Corp. and the Rochman Family
Investment. The Boo Rochman Charitable Corp. and the Rochman
Family Investment have effected the following transactions
involving the common stock of the Issuer during the past sixty
(60) days:

Rochman Family
Investment December 31, 1999 600 $9-3/16 Open market purchase / Broker

Boo Rochman
Charitable Corp. January 7, 2000 1,000 $11-1/2 Off the market transfer to
Barrett R. Rochman
Boo Rochman
Charitable Corp. February 8, 2000 1,000 $11-1/2 Off the market transfer to
Barrett R. Rochman
</TABLE>

As indicated on the Cover Page of this Amendment, Marilyn
Rochman owns 6,340 shares of common stock of the Issuer. Mrs.
Rochman has effected the following transactions involving the
common stock of the Issuer during the past sixty (60) days:

6
<PAGE>

(d) Not applicable

(e) Not applicable

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
- ------------------------------------------------------------------------------

There are no contracts, arrangements, understandings or
relationships between Mr. Rochman and any other person with
respect to any shares of common stock of the Issuer, other
than the loans to Mr. Rochman by the bank and the broker
margin accounts identified in Item 3 of this Amendment in
connection with the purchase of shares.

Item 7. Material to be Filed as Exhibits
- -----------------------------------------

Exhibit 1* Promissory Note and Commercial Pledge and Security
Agreement, dated as of January 12, 2000

Exhibit 2* Promissory Note and Commercial Pledge and Security
Agreement, dated as of January 7, 2000

Exhibit 3* Client's Margin Account, dated as of April 26, 1999

Exhibit 4* Client's Margin Account

Exhibit 5* Definitive proxy statement, form of proxy and
letter to stockholders, filed with the Securities and
Exchange Commission on March 1, 2000

Exhibit 6* Complaint, filed with the Circuit Court of the Second
Judicial Circuit in Richland County, Illinois

Exhibit 7** Additional Definitive Soliciting Material filed with
the Securities and Exchange Commission by Barrett R.
Rochman on March 17, 2000

Exhibit 8** Additional Definitive Soliciting Material filed with
the Securities and Exchange Commission by Barrett R.
Rochman on March 22, 2000

Exhibit 9** Additional Definitive Soliciting Material filed with
the Securities and Exchange Commission by Barrett R.
Rochman on March 24, 2000

Exhibit 10** Additional Definitive Soliciting Material filed with
the Securities and Exchange Commission by Barrett R.
Rochman on March 31, 2000

Exhibit 11** Order by the Circuit Court of the Second Judicial
Circuit in Richland County, Illinois, dated as of
March 27, 2000

- ----------------

* Previously filed as an exhibit to an amendment to Schedule 13D
** Filed herewith

7
<PAGE>

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

/s/ BARRETT R. ROCHMAN
------------------------
Barrett R. Rochman

Dated: April 6, 2000

8
<PAGE>

EXHIBIT INDEX

Exhibit Number Description
- -------------- -----------

Exhibit 1* Promissory Note and Commercial
Pledge and Security Agreement, dated
as of January 12, 2000

Exhibit 2* Promissory Note and Commercial
Pledge and Security Agreement, dated
as of January 7, 2000

Exhibit 3* Client's Margin Account, dated as of
April 26, 1999

Exhibit 4* Client's Margin Account

Exhibit 5* Definitive proxy statement, form of
proxy and letter to stockholders,
filed with the Securities and
Exchange Commission on March 1, 2000

Exhibit 6* Complaint, filed with the Circuit
Court of the Second Judicial Circuit
in Richland County, Illinois

Exhibit 7** Additional Definitive Soliciting
Material filed with the Securities
and Exchange Commission by Barrett
R. Rochman on March 17, 2000

Exhibit 8** Additional Definitive Soliciting
Material filed with the Securities
and Exchange Commission by Barrett
R. Rochman on March 22, 2000

Exhibit 9** Additional Definitive Soliciting
Material filed with the Securities
and Exchange Commission by Barrett
R. Rochman on March 24, 2000

Exhibit 10** Additional Definitive Soliciting
Material filed with the Securities
and Exchange Commission by Barrett
R. Rochman on March 31, 2000

Exhibit 11** Order by the Circuit Court of the
Second Judicial Circuit in Richland
County, Illinois, dated as of March
27, 2000

- ----------------

* Previously filed as an exhibit to an amendment to Schedule 13D
** Filed herewith

9
<PAGE>
Exhibit 7

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]

Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12

COMMUNITY FINANCIAL CORP.
- ------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)

BARRETT R. ROCHMAN
- ------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(I)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
N/A
---------------------------------------------------------------------
(2) Aggregate number of securities to which transaction applies:
N/A
---------------------------------------------------------------------
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
N/A
---------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
N/A
---------------------------------------------------------------------
(5) Total fee paid:
N/A
---------------------------------------------------------------------
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11 (a) (2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
N/A
---------------------------------------------------------------------
(2) Form, Schedule or Registration Statement No.:
N/A
---------------------------------------------------------------------
(3) Filing Party:
N/A
---------------------------------------------------------------------
(4) Date Filed:
N/A
---------------------------------------------------------------------

<PAGE>

BARRETT R. ROCHMAN
1345 East Park Street
Carbondale, Illinois 62901
(800) 529-3513

March 15, 2000

IMPORTANT!!
PLEASE READ

FOR STOCKHOLDERS HOLDING SHARES
THROUGH A BROKER, BANK OR TRUSTEE

By now, some of you who hold your stock of Community Financial Corp.
through your broker, bank or trustee may already have received my proxy
materials for the upcoming annual meeting of stockholders of Community
Financial. I sent these materials to you directly in an effort to provide
information to you as quickly as possible.

Now that the record date for the annual meeting has been set by
Community Financial, I am required to send once again my BLUE proxy statement,
proxy card and letter dated March 1st to stockholders who hold their shares
through a broker, bank or trustee. These proxy materials are being sent to you
through ADP Investor Communication Services.

If you have not yet done so, please sign and return only a BLUE proxy
card to your broker, bank or trustee as soon as possible. If you have already
sent a BLUE proxy card to me, you must sign and return another BLUE proxy card
to your broker, bank or trustee in order for your vote to be counted. PLEASE do
not sign or return any white proxy card.

IMPORTANT - for stockholders who hold their Community Financial stock
through a broker, bank or trustee, the BLUE proxy cards must be returned to your
broker, bank or trustee in order for them to be voted at the annual meeting.

As always, if you have any questions or need additional information,
please do not hesitate to call me at (800) 529-3513. Together, we can make a
difference at Community Financial.

<PAGE>
Exhibit 8

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]

COMMUNITY FINANCIAL CORP.
- ------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)

BARRETT R. ROCHMAN
- ------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

<PAGE>

BARRETT R. ROCHMAN
31 Homewood
Carbondale, Illinois 62901
(800) 529-3513

March 22, 2000

Dear Fellow Stockholders:

LOOK AT THE FACTS - THEY SPEAK FOR THEMSELVES

I, like you, have received Community Financial's white proxy statement
and letters to stockholders. Quite frankly, I find it interesting that the board
has not responded to my concerns about Community Financial's lackluster
financial performance and stock price. The reason: I don't think the board has a
plausible answer. THE FACTS SPEAK FOR THEMSELVES.

The facts speak for themselves - The current directors have received stock and
options - who has benefited?

As I stated in my BLUE proxy statement, even though Community
Financial's return on average assets and return on average equity are below its
peer group's averages, and even though Community Financial's stock price is now
below its initial public offering price of $10, our directors and executive
officers have seemingly had no difficulty accepting stock the past two years
from Community Financial. While it may be true that the stock was issued to the
directors and executive officers in accordance with plans approved by
stockholders, I think the directors and executive officers should have declined
to accept the stock when the financial performance and stock price of Community
Financial during the past few years have been mediocre, at best.

The directors and executive officers received restricted stock in 1999
and 2000 totaling 38,261 shares, with two-thirds of the shares being granted on
January 14, 2000. Based upon the last trade of Community Financial common stock
of $9-13/16, as reported by Nasdaq on March 20, 2000, these shares have a total
value of approximately $375,000. Do you realize that, according to information
provided in Community Financial's proxy statement, the amount of restricted
stock received by our company's directors and executive officers in 2000
represents more than a 100% increase in the amount of restricted stock received
by such directors and executive officers in 1999? Add to this the fact that the
directors and executive officers also currently have options to acquire a total
of 158,697 shares of Community Financial common stock. The attached enclosure
provides more detail on certain stock and options they have received.

I ask you - has our stockholder value been enhanced by the directors
and executive officers having received these shares and options?

-1-
<PAGE>

The facts speak for themselves - Wayne Benson received a $30,000 salary increase

The board's white proxy statement relating to the upcoming annual
meeting indicates that during 1999, our President, Mr. Wayne Benson, received an
annual salary of $100,000. The proxy statement also discusses Mr. Benson's
employment agreement with Community Financial and Community Bank & Trust, N.A.
Under his current employment agreement, Mr. Benson will now receive an annual
base salary of $130,000. That means Wayne Benson will receive $30,000 more in
salary this year as compared to last year. Imagine that, although Mr. Benson has
publicly stated that he was disappointed in our company's 1999 financial
results, he was not disappointed enough to accept a 30% pay raise. Do you think
Community Financial would be able to afford Mr. Benson's pay raises in the event
he ever becomes happy with the financial results of our company? And, what can
our board of directors be thinking when approving a significant salary increase
for our President when the 1999 financial results and stock price of Community
Financial have been disappointing?

The board of directors and Wayne Benson continue to spend our money.
And, what do we receive in return - financial results that are below
comparably-sized bank holding companies and a sagging stock price. I say now is
the time to make some changes with the board of Community Financial.

The facts speak for themselves - Mr. Benson's and your board's decisions will
cost stockholders money

In a recent letter to you, Community Financial claimed that I want you
to pay for my costs associated with the present proxy context. It would be nice
if Community Financial would tell you the whole story and not just part of it.
Let me fill you in on several important details.

First, on January 11, 2000, I met informally with Mr. Benson to discuss
the possibility of two others and myself becoming directors of Community
Financial. Unfortunately, after the meeting, Mr. Benson refused to talk to me
again about appointing me to the board of directors. Is that the way our
President should treat stockholders, the people who own the company? I am one of
the largest stockholders of Community Financial and received this kind of
treatment - imagine how unresponsive Mr. Benson would be to a stockholder owning
100 or 1,000 shares! I tried to avoid this proxy contest by asking Community
Financial to appoint me to the board of directors. What are the directors afraid
of? I think they probably don't want someone like me within their inner circle
who will make them accountable and responsive to stockholders.

Second, my estimated proxy solicitation expenses of $75,000 would be
paid by Community Financial only if approved by Community Financial. My expenses
would not be paid automatically. But, in order to eliminate this issue, I have
decided not to seek reimbursement for my expenses in this proxy contest - I will
pay these expenses myself. I challenge the directors to accept somewhat similar
terms. That is, since they could have avoided this whole proxy contest by
appointing me to the board of directors, I challenge the directors to pay
Community Financial's proxy expenses out of their own pockets if they lose this
proxy contest.

Considering the expenses associated with this proxy contest, I doubt
whether the board is willing to use their own money to fund such costs. Simply
look at Community Financial's proxy statement that you just received. The board
has hired D.F. King & Co., Inc. from New York City to help them solicit proxies
for the upcoming annual meeting. The board's white proxy statement states that
D.F. King & Co. will use 25 of its employees to solicit proxies and will be paid
$40,000 plus expenses. The board's white proxy statement further provides that
Community Financial's total expenses for the solicitation of proxies for the
annual meeting (including D.F. King's expenses) are estimated at $150,000 plus
the amount it would normally spend

-2-
<PAGE>

for its annual meeting of stockholders. Following the annual meeting, I intend
to verify the amount actually spent by the board.

The long and the short of it is, this proxy contest was totally
avoidable. However, Wayne Benson and your board of directors have decided to
spend your money for their principles.

In my view, it is time for a change at Community Financial. Call me
old-fashioned, but I like to think stockholders can still have input in their
company. I will continue to solicit your proxy to vote your shares at the
upcoming annual meeting of stockholders and would greatly appreciate and be
honored with your support.

Together, we can make a difference at Community Financial. If you have
any questions or need additional information, please do not hesitate to call me
at (800) 529-3513.

Sincerely,

Barrett R. Rochman

IMPORTANT -- If you own your shares directly and hold your stock
certificate, please sign and return to me the BLUE proxy card that I sent to you
earlier. If you need another BLUE proxy card or if you already returned a white
proxy card to Community Financial and want to instead support the election of
Michael Nadler and me as well as my stockholder proposal, please call me and I
will send you a new BLUE proxy card. If your stock is held through a bank, stock
broker, trustee or other nominee, you must use the proxy card provided by the
bank, stock broker, trustee or other nominee in order for your shares to be
counted at the annual meeting. Please do not sign or return a white proxy card
to Community Financial.

-3-
<PAGE>

BARRETT R. ROCHMAN
31 Homewood
Carbondale, Illinois 62901
(800) 529-3513

March 22, 2000

IMPORTANT!!
PLEASE READ

LOOK AT THE FACTS - THEY SPEAK FOR THEMSELVES

The following is the information regarding certain issuances of
Community Financial stock and options to directors and executive officers
referenced in my attached letter dated March 22, 2000:

<TABLE>
<CAPTION>
Number of Shares (1)
Name of Director or Officer 1999 2000 Number of Shares (2)
- --------------------------- ---- ---- --------------------
<S> <C> <C> <C>
Michael F. Bauman 793 1,586 9,918
Wayne H. Benson 2,518 5,036 38,617
Roger A. Charleston 793 1,586 9,918
Gary L. Graham 423 1,693 5,290
Roger L. Haberer 423 1,693 5,290
Brad A. Jones 793 1,586 9,918
Shirley B. Kessler 3,111 6,222 43,378
C. Richard King 793 1,586 9,918
Douglas W. Thompson 2,518 5,036 26,450

TOTAL 12,165 26,024 158,697
</TABLE>

(1) Reflects vesting of shares of restricted stock awarded to these
individuals under Community Financial's management recognition plan.
This information was obtained from Schedule B to Community Financial's
definitive proxy statement relating to its 2000 annual meeting of
stockholders filed with the Securities and Exchange Commission.

(2) Reflects number of shares of common stock that may be acquired by the
individuals named upon the exercise of stock options which are
exercisable within 60 days from March 10, 2000. This information was
obtained from Community Financial's definitive proxy statement relating
to its 2000 annual meeting of stockholders.

<PAGE>
Exhibit 9

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]

COMMUNITY FINANCIAL CORP.
- ------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)

BARRETT R. ROCHMAN
- ------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

<PAGE>

Man files suit against local corporation

By Kevin Ryden

A Carbondale man filed a lawsuit against Community Financial Corp. Wednesday,
alleging the company has not allowed him to examine corporate minutes from a
variety of committee meetings. According to court documents, Barrett R. Rochman,
Carbondale, alleges the corporation has "failed and refused to provide or allow"
him to examine the corporate minutes of each Board of Director's meeting, each
Management Recognition Plan Committee meeting and each Compensation Committee
meeting from and after January 1, 1999. Community Financial Corp. has its
principal place of business located in Olney and serves Southern Illinois
through its five bank subsidiaries.

"It's becoming very uncomfortable," Rochman said from his office in Carbondale
Thursday afternoon.

Rochman, who said he owns 128,740 shares in Community Financial Corp., more than
any other stockholding member, and who has worked in the real estate investment
business for more than 30 years, claims he has stated proper purpose in seeking
to examine the corporate minutes. Rochman also said he has experience in serving
on the Board of Directors of Heartland Bankshares, Inc., a bank holding company,
located in Herrin.

Heartland Bankshares, Inc. was sold to Banterra Corp. last year.

The suit alleges Community Financial Corp. feels Rochman did not state a proper
purpose in trying to obtain the corporate minutes. Rochman said his reasons of
obtaining the corporate minutes include communicating with Community Financial
Corp. stockholders about the "business affairs of the corporation, the 2000
annual meeting of the stockholders...or if directors are not elected at that
meeting, the next meeting of stockholders at which directors are elected...and
the solicitation of proxies in connection with the stockholders' meeting."

The stockholders meeting is scheduled to occur on April 27. The suit alleges
Rochman would "be prejudiced if the relief sought in this complaint is delayed
until after the stockholders' meeting." The suit also alleges the examination
and copying of the corporate minutes is "a simple and inexpensive matter,
provides information concerning the business affairs of (Community Financial
Corp.) With respect to management decisions, practices and policies." Allowing
Rochman to look over the minutes would "provide valuable information for
(Rochman) and fellow stockholders regarding business affairs of (Community
Financial Corp.) and provide necessary information to stockholders relative to
the solicitation of proxies" from the corporate stockholders, according to court
documents.

Rochman alleges that the "failure of (Community Financial Corp.) to comply with
his request to examine and make extracts from the corporate minutes" is harmful
in his attempt to communicate with other corporate stockholders about the
business affairs of the corporation and with the solicitation of proxies.
Rochman said the corporation faces approximately $126,000 in penalties plus
court costs.

<PAGE>

Wayne Benson, Community Financial Corp. President and Chief Executive Officer,
would not comment on the lawsuit. Rochman, who emphasized that all comments are
his own, said he feels the corporation is keeping something from shareholders.
"The question is, what are they hiding?" He said. "It bedevils me...If they have
nothing to hide, they have nothing to lose." Rochman said the corporation is
publicly owned and that approximately 400 Olney residents have shares in the
company. However, Community Financial Corp. is not doing anything illegal,
Rochman said.

"They have every legal right to do it," he said, adding he feels the corporation
is engaging in what he describes as "management entrenchment."

He added he has a proper purpose and "particular need" in trying to obtain the
corporate minutes and therefore has a right to view them. Rochman also alleges
Community Financial Corp. stock prices have decreased significantly in value
since it first began being sold to the public in March 1995.

According to Rochman, the initial subscription price was $10 per share in 1995.
The last stock trade was reported at $9 3/16 on Jan. 27. According to a proxy
statement from Rochman, he is soliciting proxies for use at the stockholders
meeting to vote in favor of the election of Michael B. Nadler and himself to the
Board of Directors of Community Financial Corp., to vote in favor of his
stockholder proposal, to vote in favor of the independent auditors of the
corporation recommended by management (if presented for a vote) and to vote for
his discretion on such other matters that may be presented at the stockholders
meeting.

Rochman decided to seek a position on the corporation's Board of Directors to
"improve the financial performance of Community Financial, enhance stockholder
value...and reduce directors fees at Community Financial."

Rochman also said he agrees with the corporation's strategic plan to maximize
shareholder value, but criticized its timing. "Now they have a plan after five
years? Why?" he asked. "I agree they need a plan, but quantitate the damn thing.
Put numbers to it." According to a press release from Community Financial Corp.,
the company is taking a variety of actions to "increase operating efficiency,
including consolidating the charters of its subsidiary banks, reducing or
limiting operating expenses, and using technology to enhance efficiency." The
strategic plan, which also states a "significant feature of the plan relates to
changes in the asset and liability mix," began in October, according to the
release.

The press release also states the company will seek to "increase construction,
agricultural and commercial real estate loans while decreasing its emphasis on
residential lending" and calls for the "sale of some of the company's lower
yielding investment securities and deployment of the proceeds into higher
yielding loans." Various actions in the "area of personnel management intended
to enhance productivity are also planned," the release stated.

<PAGE>

Community Financial Corp. "reported consolidated assets of approximately $309.90
million, consolidated loans of approximately $179.50 million and consolidated
deposits of approximately $225.20 million based on Dec. 31, 1999 financial
information," according to the press release.

<PAGE>
Exhibit 10

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934

Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]

Check the appropriate box:

[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or
Section 240.14a-12

Community Financial Corp.
- -----------------------------------------------------------------------------
(Name of Registrant as Specified in Its Charter)

Barrett R. Rochman
- -----------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X] No fee required.
[ ] $125 per Exchange Act Rule O-11(c)(1)(ii), 14a-6(i)(l), 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and O-11.

1) Title of each class of securities to which transaction applies:
Not applicable

2) Aggregate number of securities to which transaction applies:
Not applicable

3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule O-11
(Set forth the amount on which the filing fee is calculated and
state how it was determined):
Not applicable

4) Proposed maximum aggregate value of transaction:
Not applicable

5) Total fee paid:
Not applicable

[ ] Fee paid previously by written preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule O-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.

1) Amount Previously Paid: Not applicable
2) Form Schedule or Registration Statement No.: Not applicable
3) Filing Party: Not applicable
4) Date Filed: Not applicable

<PAGE>

BARRETT R. ROCHMAN
31 Homewood
Carbondale, Illinois 62901
(800) 529-3513

March 30, 2000

IMPORTANT!!
PLEASE READ

FOR ESOP AND 401(k) PLAN PARTICIPANTS

You are entitled to vote the shares of Community Financial Corp. common
stock allocated to your Employee Stock Ownership Plan ("ESOP") and 401(k) plan
accounts in a confidential manner and without any interference or coercion in
connection with the upcoming 2000 annual meeting of stockholders. Your name and
specific vote cannot be disclosed to the board of directors or any officers or
employees of Community Financial, to the trustees of the ESOP and the 401(k)
plan or to any other person unless required by a court of law. Accordingly, you
are able to vote in favor of Michael Nadler's and my election, as well as in
favor of my stockholder proposal, without fear that the board of directors or
any officers or employees of Community Financial will find out how you voted. In
fact, not even I will know how you have voted.

To accomplish the confidential voting of the shares allocated to your
ESOP and 401(k) plan accounts, Community Financial has engaged Olive, LLP, a
public accounting firm, to act as the independent tabulator to receive and count
your vote. The only information Olive, LLP can provide to the trustees of the
ESOP and the 401(k) plan are the number of votes, without identifying the name
or the specific vote of any individual participant. Olive, LLP is prohibited
from disclosing the name or the specific vote of any individual plan participant
to the trustees, to the board of directors, officers and employees of Community
Financial or to any other person. If anyone suggests otherwise or asks for
information as to how you intend to vote or how you voted the shares allocated
to your plan account, please contact the nearest office of the Pension and
Welfare Benefits Administration, U.S. Department of Labor, listed in your
telephone directory, as well as the Division of Technical Assistance and
Inquiries, Pension and Welfare Benefits Administration, U.S. Department of
Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.

Although the enclosed blue proxy statement refers to a BLUE proxy card,
please note that participants in Community Financial's ESOP and 401(k) plan must
vote the shares allocated to their plan accounts through use of the enclosed
BLUE voting instruction form instead of a proxy card.

PLEASE RETURN YOUR BLUE VOTING INSTRUCTION FORM ONLY TO OLIVE, LLP.
----
DO NOT MAIL YOUR BLUE VOTING INSTRUCTION FORM TO COMMUNITY
--- ----
FINANCIAL, D.F. KING & CO., INC. OR ME.

<PAGE>

COMMUNITY FINANCIAL CORP.
EMPLOYEE STOCK OWNERSHIP PLAN AND 401(k) PLAN
VOTING INSTRUCTION FORM

TO: TRUSTEES OF THE COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK
OWNERSHIP PLAN AND 401(k) PLAN

I hereby direct the Trustees of the Community Financial Corp. Employee
Stock Ownership Plan ("ESOP") and the Trustees of the Community Financial Corp.
401(k) Plan (the "401(k) Plan") to act in accordance with the instructions I
have specified on the reverse side hereof in voting each share of Community
Financial Corp. common stock ("Community Financial Stock") allocated to my
account(s) under the ESOP and the 401(k) Plan at the 2000 Annual Meeting of
Stockholders of Community Financial Corp. to be held at 11:00 a.m., Central
Time, on April 27, 2000 (the "Annual Meeting"), and at any adjournment or
postponement thereof. Under the terms of both the ESOP and the 401(k) Plan and
subject to the Trustees' responsibilities under applicable law, the Trustees
will vote Community Financial Stock allocated to the accounts of participants
under both the ESOP and the 401(k) Plan in accordance with timely instructions
received from such participants.

IMPORTANT: Your instructions should be mailed to Olive, LLP in the enclosed
self-addressed envelope. No postage is required. In order to comply with your
instructions, this form must be properly executed and mailed to Olive, LLP so as
to be received before 2:00 p.m., Central Time, on April 24, 2000.

DO NOT MAIL THIS VOTING INSTRUCTION FORM TO BARRETT ROCHMAN, TO
COMMUNITY FINANCIAL CORP. OR TO COMMUNITY FINANCIAL CORP.'S PROXY
SOLICITOR, D.F. KING & CO., INC.

(Continued - To be Dated and Signed on Other Side)

<PAGE>

THE ESOP TRUSTEES AND THE 401(k) TRUSTEES MAKE NO RECOMMENDATIONS
WITH RESPECT TO THE ELECTION OF DIRECTORS AND PROPOSAL NO. 2.

INDICATE YOUR INSTRUCTIONS WITH AN [X]. ITEMS LEFT BLANK WILL NOT BE
CONSIDERED INSTRUCTIONS TO THE PLAN TRUSTEES.

MR. ROCHMAN RECOMMENDS THAT STOCKHOLDERS VOTE FOR THE
ELECTION OF THE TWO NOMINEES SET FORTH BELOW.

I. Election of Barrett R. Rochman and Michael B. Nadler as
Directors.
-------------------------------------------------------

[ ] FOR the election of both nominees listed above,
except as marked to the contrary below.

[ ] WITHHOLD AUTHORITY to vote for the election of both
nominees listed above.

INSTRUCTIONS: To withhold your vote for any individual
nominee(s), mark "FOR" above and write the name(s) of the
nominee(s) for whom you do not wish to vote on the line below.

MR. ROCHMAN RECOMMENDS THAT STOCKHOLDERS VOTE FOR THE
FOLLOWING PROPOSAL.

II. Stockholder Proposal of Mr. Rochman.
-----------------------------------

Mr. Rochman's stockholder proposal, as described in
Mr. Rochman's blue proxy statement dated March 1, 2000.

[ ] FOR [ ] AGAINST [ ] ABSTAIN

Dated: , 2000 -----------------------------
--------------- Signature(s)

-----------------------------
Printed Name(s)

-2-
<PAGE>

BARRETT R. ROCHMAN
31 Homewood
Carbondale, Illinois 62901
(800) 529-3513

March 30, 2000

Dear ESOP and 401(k) Plan Participants:

LOOK AT THE FACTS - THEY SPEAK FOR THEMSELVES

The facts speak for themselves - The current directors have received
stock and options - who has benefitted?

The directors and executive officers received restricted stock in 1999
and 2000 totaling 38,261 shares, with two-thirds of the shares being granted on
January 14, 2000. Based upon the last trade of Community Financial common stock
of $9-13/16, as reported by Nasdaq on March 20, 2000, these shares have a total
value of approximately $375,000. Do you realize that, according to information
filed by Community Financial with the Securities and Exchange Commission, the
amount of restricted stock received by our company's directors and executive
officers in 2000 represents more than a 100% increase in the amount of
restricted stock received by these directors and executive officers in 1999? Add
to this the fact that the directors and executive officers also currently have
options to acquire a total of 158,697 shares of Community Financial common
stock. The attached enclosure provides more detail on certain stock and options
they have received.

I ask you - has our stockholder value been enhanced by the directors
and executive officers having received these shares and options?

-1-

<PAGE>

The facts speak for themselves - Wayne Benson received a $30,000 salary increase

The facts speak for themselves - Mr. Benson's and your board's
decisions will cost stockholders money

Considering the expenses associated with this proxy contest, I doubt
whether the board is willing to use their own money to fund these costs. Simply
look at Community Financial's proxy statement that you just received. The board
has hired D.F. King & Co., Inc. from New York City to help them solicit proxies
for the upcoming annual meeting. The board's white proxy statement states that
D.F. King & Co. will use 25 of its employees to solicit proxies and will be paid
$40,000 plus expenses. The board's white proxy

-2-

<PAGE>

statement further provides that Community Financial's total expenses for the
solicitation of proxies for the annual meeting (including D.F. King's expenses)
are estimated at $150,000 plus the amount it would normally spend for its annual
meeting of stockholders. Following the annual meeting, I intend to verify the
amount actually spent by the board.

The long and the short of it is, this proxy contest was totally
avoidable. However, Wayne Benson and your board of directors have decided to
spend your money for their principles.

Together, we can make a difference at Community Financial. If you have
any questions or need additional information, please do not hesitate to call me
at (800) 529-3513.

Sincerely,

Barrett R. Rochman

IMPORTANT - You are entitled to vote the shares of Community Financial
common stock allocated to your plan account in a confidential manner and without
any interference or coercion in connection with the upcoming 2000 annual meeting
of stockholders. Your name and specific vote cannot be disclosed to the board of
directors or any officers or employees of Community Financial, to the trustees
of either plan or to any other person unless required by a court of law.

PLEASE RETURN YOUR BLUE VOTING INSTRUCTION FORM ONLY TO OLIVE, LLP.
----
DO NOT MAIL YOUR BLUE VOTING INSTRUCTION FORM TO COMMUNITY FINANCIAL,
--- ----
D.F. KING & CO., INC. OR.

-3-

<PAGE>

ESOP and 401(k) Plan Participants
March 30, 2000
Page 1

BARRETT R. ROCHMAN
31 Homewood
Carbondale, Illinois 62901
(800) 529-3513

March 30, 2000

Dear ESOP and 401(k) Plan Participant:

Enclosed are my proxy statement and BLUE voting instruction form
relating to the 2000 annual meeting of stockholders of Community Financial Corp.
("Community Financial") or, if directors are not elected at the annual meeting,
the next meeting of stockholders at which directors are elected. I decided to
solicit your vote in favor of electing Michael B. Nadler and me to the Board of
Directors of Community Financial because I am disappointed, among other reasons,
with the financial performance and stock price of Community Financial. I also am
soliciting votes in favor of my stockholder proposal recommending that the Board
of Directors of Community Financial hire an advisor or other consultant which
has experience in advising financial institutions to make recommendations of
specific actions designed to improve earnings at Community Financial and enhance
stockholder value.

You are entitled to vote the shares of Community Financial common stock
allocated to your Employee Stock Ownership Plan ("ESOP") and 401(k) plan
accounts in a confidential manner and without any interference or coercion in
connection with the upcoming 2000 annual meeting of stockholders. After you have
read my proxy statement, please sign the enclosed BLUE voting instruction form
and return it to Olive, LLP as soon as possible in the enclosed self-addressed,
postage pre-paid envelope. Please return your voting instruction form only to
Olive, LLP. Do not mail your voting instruction form to Community Financial,
D.F. King & Co., Inc. or me for your vote to be counted. Your name and specific
vote of the shares allocated to your ESOP or 401(k) plan account cannot be
disclosed to the board of directors or any officers or employees of Community
Financial, to the trustees of either plan or to any other person unless required
by a court of law. Accordingly, you are able to vote in favor of Michael
Nadler's and my election, as well as in favor of my stockholder proposal,
without fear that the board of directors or any officers or employees of
Community Financial will find out how you voted. In fact, not even I will know
how you have voted.

As my proxy statement indicates, I am soliciting proxies to elect a
class of two directors of Community Financial who are up for election this year.
I do have past experience with the board of directors of a publicly-held
company, having served on the board of directors of Heartland Bancshares, a bank
holding company in Herrin, Illinois, from December, 1998 to June, 1999, at which
time Heartland was sold to Banterra Corp.

Mr. Nadler, my other nominee, has 10 years of experience in the banking
industry, with his most recent banking position being First Vice President of
Exchange National Bank in Chicago, Illinois from 1979 to 1981. Exchange National
was a bank with approximately $1 billion in assets before it was sold. While at
Exchange National, Mr. Nadler was responsible for the management of a $100
million loan portfolio. The holding company for Exchange National also was a
publicly-held company.

<PAGE>

ESOP and 401(k) Plan Participants
March 30, 2000
Page 2

If I am elected, I will encourage the Board of Directors to take
measures designed to improve earnings at Community Financial. These measures, if
implemented, hopefully will result in enhanced stockholder value and an increase
in Community Financial's stock price. Although I have no plans to recommend
pursuing an immediate sale of Community Financial, I remain open to considering
a sale as part of a strategy for enhancing stockholder value.

Among the things that trouble me with Community Financial is its
current stock price. When Community Financial's stock was first offered to the
public in 1995, it sold for $10 a share. On February 25, 2000, some 4 1/2 years
later, the last trade was at $9-7/8. Think about it for a moment, a person who
purchased Community Financial stock in the initial public offering in 1995 and
who still is a stockholder today probably would have been better off financially
investing his or her money in a bank account earning 5% per year rather than
investing in Community Financial stock.

Another thing that frustrates me with Community Financial is the amount
of directors fees paid to our directors. In 1998, each outside director of
Community Financial had the opportunity to receive at least $9,200 per year in
directors and committee fees, with the Chairman of the Board having the
opportunity to receive at least $15,000 per year. If directors fees are going to
be paid, then we should expect better results from Community Financial. If
elected, I will immediately recommend that directors fees be eliminated or
reduced until Community Financial's stock price has traded above $14 per share
for 6 consecutive months and until reasonable earnings goals are met. I think
our directors need an incentive to take appropriate steps to increase our
company's stock price. I would like our directors to establish earnings and
stock price goals each year and not accept directors fees unless those goals are
met.

I also am very disappointed with the Management Recognition Plan of
Community Financial. Under the Management Recognition Plan, approximately 60,000
shares of Community Financial were awarded to directors. That seems to me to be
a lot of stock to be awarded when the stock price of Community Financial is
trading at a price today that is lower than its initial public offering price of
$10 per share and when its returns on equity and assets are significantly below
its peers. The question we stockholders should ask is, "what is our company
recognizing?" It appears to me that the Management Recognition Plan has, at
best, rewarded mediocrity and should instead have been called the "Mediocre
Results Plan."

In addition, I recently read Community Financial's news release of
February 17, 2000. In that release, Community Financial reported earnings of 53
cents per share for the year ended December 31, 1999, as compared to earnings of
57 cents per share for 1998. Last year, our company's earnings decreased instead
of increased. Wayne Benson, the President and Chief Executive Officer of
Community Financial, publicly said this about our company's 1999 financial
results, "While I was heartened to see vigorous loan growth during the year, I
am disappointed in our financial results." I agree with Mr. Benson in that I too
am disappointed with Community Financial's 1999 financial results.

I have two more items to share with you. First, I was unhappy with the
financial performance and stock price of another bank holding company, Heartland
Bancshares, Inc., which was the holding company for Heartland National Bank in
Herrin, Illinois. Heartland was sold to Banterra Corp. last year. I owned almost
8% of the outstanding stock of Heartland Bancshares. I also ran for the board of
directors and

<PAGE>

ESOP and 401(k) Plan Participants
March 30, 2000
Page 3

solicited proxies in favor of my election. During the two months before I went
on Heartland's board, the stock was trading between about $9 and $12 per share.
Within about a month after I joined the board, the stock was trading above $14 a
share. Now, I'm not suggesting that my going on the board of Heartland was the
sole reason for the increase in the stock price, but I'd like to think that my
appointment to the board did have a positive effect on the stock price. In
addition, shortly after I joined the board at Heartland, it decided to sell to
Banterra Corp. That sale closed in mid-1999 at a sale price of $15.75 a share.
While I am not implying here that similar increases in Community Financial's
stock price or that a sale of Community Financial will occur if I am elected to
the Board, I did want you to know what happened at another bank holding company
on whose board I recently served.

Second, I also was disappointed with the financial performance and
stock price of another holding company, CSB Bancorp, which is the holding
company for Centralia Savings Bank in Centralia, Illinois. I own in excess of 3%
of the outstanding stock of CSB, and I asked the board of directors of CSB to
make another individual and me the management's nominees for election as
directors at the 2000 annual meeting of stockholders of CSB. I wanted to go on
the board with goals of trying to increase earnings and enhance stockholder
value at CSB. When CSB did not respond to my request, I was prepared to mail my
proxy materials to CSB's stockholders and engage in a proxy contest. About 2 or
3 days before I was going to mail my proxy materials, however, CSB announced
that it was going to sell to Midland States Bancorp, with stockholders to
receive a cash price of $16 for each share of CSB (incidentally, I voluntarily
determined not to mail my proxy materials after the merger announcement was
made). Before the announcement of its sale, CSB's stock had traded at a high of
about $11 and a low of about $9 during 1999. Again, while I am not implying here
that a sale of Community Financial will occur if I am elected to the Board or if
I solicit proxies in favor of my election and my stockholder proposal, I did
want you to know what happened at another bank holding company where I was a
significant stockholder and where I was actively considering running a proxy
contest in an effort to get elected to the board.

You should have received a separate white proxy statement and white
voting instruction form from Community Financial. I encourage you to sign and
return only the enclosed BLUE voting instruction form and not the white voting
instruction form that you may have received from Community Financial. If you do
sign, date and return a BLUE voting instruction form and if you then later sign
and return a white voting instruction form, only the later voting instruction
form will be counted.

Thank you in advance for your support. If you have any questions at
all, need further assistance or want to discuss my views regarding Community
Financial, please do not hesitate to call me at (800) 529- 3513.

Sincerely,

Barrett R. Rochman

<PAGE>

BARRETT R. ROCHMAN
31 Homewood
Carbondale, Illinois 62901
(800) 529-3513

March 30, 2000

IMPORTANT!!
PLEASE READ

LOOK AT THE FACTS - THEY SPEAK FOR THEMSELVES

The following is the information regarding certain issuances of
Community Financial stock and options to directors and executive officers
referenced in my attached letter dated March 30, 2000:

<TABLE>
<CAPTION>
Number of Shares (1) Number of Shares
Name of Director or Officer 1999 2000 Underlying Stock Options(2)
- --------------------------- ---- ---- ------------------------
<S> <C> <C> <C>
Michael F. Bauman 793 1,586 9,918
Wayne H. Benson 2,518 5,036 38,617
Roger A. Charleston 793 1,586 9,918
Gary L. Graham 423 1,693 5,290
Roger L. Haberer 423 1,693 5,290
Brad A. Jones 793 1,586 9,918
Shirley B. Kessler 3,111 6,222 43,378
C. Richard King 793 1,586 9,918
Douglas W. Thompson 2,518 5,036 26,450
----- ----- ------
TOTAL 12,165 26,024 158,697
====== ====== =======
</TABLE>

<PAGE>

PROXY STATEMENT
OF
BARRETT R. ROCHMAN
1345 EAST PARK STREET
CARBONDALE, ILLINOIS 62901
(800) 529-3513

Solicitation of Proxies in Opposition to Proxies to be Solicited
by the Board of Directors of Community Financial Corp.

INTRODUCTION

My name is Barrett R. Rochman, and I am a significant stockholder of
Community Financial Corp. ("Community Financial"). I am the fourth largest
stockholder of Community Financial and own more shares of stock than any member
of its Board of Directors. I beneficially own 128,740 shares, which represents
approximately 5.8% of the outstanding shares of stock of Community Financial. I
am sending this Proxy Statement and the enclosed BLUE PROXY card to the holders
of common stock of Community Financial in connection with my solicitation of
proxies to be voted at the 2000 Annual Meeting of Stockholders of Community
Financial or, if directors are not elected at the next Annual Meeting, then at
the next meeting of stockholders at which directors are elected, and at any and
all adjournments of those meetings (the "Stockholders Meeting"). Although I do
not know the time and location of the next Stockholders Meeting, notice of such
meeting will be sent to you by Community Financial. I am soliciting proxies for
use at the Stockholders Meeting (i) to vote in favor of the election of Michael
B. Nadler and me to the Board of Directors of Community Financial, (ii) to vote
in favor of my stockholder proposal included in this Proxy Statement, and (iii)
to vote in my discretion on such other matters as may properly be presented at
the Stockholders Meeting.

I am sending this Proxy Statement to you directly or through your
broker or bank or through Community Financial on or about March 1, 2000.

You should receive two different proxy statements, each with its own
accompanying form of proxy, in connection with the Stockholders Meeting this
year. You are receiving this Proxy Statement and the enclosed BLUE PROXY card
from me. You also should receive a separate proxy statement and proxy card from
the Board of Directors of Community Financial (which probably will be white),
similar to the way you received these materials in prior years. These two proxy
statements will be very different because both the Board of Directors of
Community Financial and I will be attempting to obtain authority from you to
vote your shares at the Stockholders Meeting in accordance with our respective
recommendations. Even if you plan to attend the Stockholders Meeting, I
encourage you to sign and return only the enclosed BLUE PROXY card and not the
proxy card which you may receive from Community Financial. Any BLUE PROXY card
that you sign and return to me will be voted only in accordance with your
instructions.

Only one proxy of yours will be counted and used at the Stockholders
Meeting. If you sign, date and mail a BLUE PROXY card to me and if you later
sign and return a proxy card to Community Financial, the BLUE PROXY card will
not be counted when the votes are tabulated. I strongly urge you not to return
any proxy card sent to you by the Board of Directors of Community Financial.

-1-

<PAGE>

REASONS WHY I AM SOLICITING PROXIES

I decided to seek a position on the Board of Directors in an effort to
encourage the Board to take the following actions:

o to improve the financial performance of Community
Financial;

o to enhance stockholder value at Community Financial; and

o to reduce directors fees at Community Financial.

I have experience in serving as a director of a publicly-held company,
as I served on the Board of Directors of Heartland Bancshares, Inc., a bank
holding company located in Herrin, Illinois, from December, 1998 to June, 1999,
at which time it was sold to Banterra Corp. Mr. Nadler, my other nominee, has 10
years of banking experience, with his most recent banking position being First
Vice President of Exchange National Bank in Chicago, Illinois from 1979 to 1981,
during which time he was responsible for a $100 million loan portfolio. Exchange
National was a bank with assets of approximately $1 billion before it was sold
and was a subsidiary of a holding company that was a publicly-held company.

As one of the significant stockholders of Community Financial, I am
very interested in the success of our company and in doing what is best for all
Community Financial stockholders. I believe that the current directors are not
operating Community Financial in a manner that is maximizing Community
Financial's financial performance or enhancing the value of Community
Financial's common stock. My belief is supported by the facts: in comparison to
the national averages for bank holding companies, consider for yourself
Community Financial's unfavorable return on stockholder equity, its unfavorable
return on total assets and its weak stock price. The Board of Directors must be
held accountable for Community Financial's weak performance.

COMMUNITY FINANCIAL'S PERFORMANCE - LOOK AT THE FACTS

The first fact that I would like to discuss comes straight out of
Community Financial's news release of February 17, 2000. In that release,
Community Financial reported earnings of 53 cents per share for the year ended
December 31, 1999, as compared to earnings of 57 cents per share for 1998. Last
year, our company's earnings decreased instead of increased. Wayne Benson, the
President and Chief Executive Officer of Community Financial, publicly said this
about our company's 1999 financial results, "While I was heartened to see
vigorous loan growth during the year, I am disappointed in our financial
results." I agree with Mr. Benson in that I too am disappointed with Community
Financial's 1999 financial results.

For many stockholders of companies, the price at which their stock is
trading is very important. I, for one, am happy when the price of my stock goes
up and am unhappy when the stock price remains relatively flat or goes down.
Well, I am very unhappy with the current stock price of Community Financial. On
February 25, 2000, the last trade was at $9-7/8.

If you look back a little farther, Community Financial's stock reached
a 4-year high of $23.50 per share on May 1, 1998. The price of $9-7/8 on
February 25, 2000 represents a decrease in value of almost 60% when compared to
the 4-year high of $23.50. To put it another way, if you had invested $1,000 in
the common stock of Community Financial at $23.50 a share, your investment would
now be worth about $420 (not including dividends). Something must be done to
increase the stock price of our company.

-2-

<PAGE>

Let me summarize for you below the high and low stock prices at which
the common stock of Community Financial has traded in the past 5 years. And
remember, when the stock of Community Financial was first sold to the public in
1995, the initial subscription price was $10 per share.

High Low
---- ---

1995 $14.00 $11.25
1996 $13.75 $11.75
1997 $20.25 $12.75
1998 $23.50 $11.00
1999 $11.50 $ 7.75

Many observers believe that one test of a company's performance is how
it compares to industry averages. Based upon its most recent reports on Form
10-Q and Form 10-K filed with the Securities and Exchange Commission (the
"SEC"), Community Financial had a return on average stockholders equity of 2.41%
for the quarterly period ended September 30, 1999 and a 3.43% return on average
stockholders equity for the year ended December 31, 1998. Based on statistics
included in the Bank Holding Company Performance Report provided by the Federal
Reserve Bank of St. Louis, the average return on equity for bank holding
companies nationwide with assets greater than $300 million, but less than $500
million, was 12.32% for the quarterly period ended September 30, 1999 and 13.21%
for 1998. So, you can easily see that Community Financial's recent returns on
average stockholders equity have been about 20% to 25% of the national averages.

In addition, based again upon its most recent reports on Form 10-Q and
10-K filed with the SEC, Community Financial had a return on average assets of
0.26% for the quarterly period ended September 30, 1999 and 0.40% for the year
ended December 31, 1998. Again, based on statistics included in the Bank Holding
Company Performance Report, the average return on assets for bank holding
companies nationwide with assets greater than $300 million, but less than $500
million, was 1.09% for the quarterly period ended September 30,1999 and 1.14%
for 1998. So, you can see that Community Financial's recent returns on assets
have been about 25% to 35% of the national averages.

I have summarized these facts in the table below.
<TABLE>
<CAPTION>
Bank holding companies
with greater than $300 but
Community Financial less than $500 million in assets
------------------- --------------------------------
1999 1998 1999 1998
---- ---- ---- ----
<S> <C> <C> <C> <C>
Return on Equity 2.41% 3.43% 12.32% 13.21%

Return on Assets 0.26% 0.40% 1.09% 1.14%
</TABLE>

Let's face reality and "cut to the chase." In my opinion, Community
Financial's recent financial performance has been relatively poor. To look at it
another way, those of you who bought stock of Community Financial in its initial
public offering in 1995 and who still hold the stock today probably would have
been better off financially investing your money in a 5% bank account five years
ago instead of

-3-

<PAGE>

investing in Community Financial stock.1 All the while, Community Financial has
operated and continues to operate, in my opinion, at a sub-par level.

Now, consider the directors fees that Community Financial paid its
Board members in 1998. Each non-employee member of Community Financial's Board
who is also a director of Community Bank & Trust, N.A. ("CB&T"), Community
Financial's largest subsidiary, received an annual fee of $5,000, except for the
Chairman of the Board of CB&T, who received an annual fee of $15,000. If that is
not enough, the outside directors (other than the Chairman of the Board) also
received a fee of $350 for each Board meeting attended and $100 for each
committee meeting attended (that means an additional $4,200 in fees based on 12
Board meetings per year). Furthermore, certain directors were provided the
opportunity to make as much as $500 per board meeting attended with respect to
the various other subsidiaries of Community Financial.

Here is a summary of these fees based on information from last year's
annual meeting proxy statement.

<TABLE>
<CAPTION>
Person Amount of Fees
------ --------------
<S> <C>
Chairman of the Board $15,000 per year.

Other Directors (who are not also $9,200 per year, plus $100 for each committee
employees of Community Financial) meeting of Community Financial attended.

Wayne H. Benson $16,200 in 1998.

Shirley B. Kessler $5,000 in 1998.
</TABLE>

If I am elected, I will immediately recommend that the Board of
Directors reduce or eliminate all directors fees. While I believe people should
be paid for serving on Community Financial's Board of Directors, the directors
fees should be tied to Community Financial's performance. Thus, I would like to
see all directors fees eliminated or reduced until Community Financial's stock
price trades above $14 for six consecutive months and until reasonable earnings
goals are met.

To top it all off, directors are eligible to participate in Community
Financial's Management Recognition Plan (the "MRP"). Almost 60,000 shares have
been issued to directors of Community Financial under the MRP. The question we
stockholders should ask is, "what is our company recognizing?" It appears to me
that Community Financial has recognized and applauded poor company performance
resulting from the Board's actions and decisions. Let's face it, in order to
reflect the true performance of these individuals, the MRP should, at best, be
renamed the "Mediocre Results Plan."

If I am elected, I also will immediately recommend that the Board of
Directors hire a consultant or other advisor which specializes in financial
institutions to make recommendations to the Board regarding specific measures
designed to improve earnings at Community Financial and enhance stockholder
value. I plan to evaluate and recommend specific alternatives for enhancing
stockholder value after I have been
- --------
1Assumes a stock price of $9-7/8 as of February 25, 2000. Assuming you
bought stock in Community Financial's initial public offering in 1995 and
received dividends for 5 years at 25 cents per share, your investment would be
worth approximately $11-1/8 as of February 25, 2000. If you had instead invested
$10 in a bank account earning a 5% annual interest rate rather than in Community
Financial's stock in its initial public offering, your investment would have
been worth $12.50 after five years. Neither value has been compounded.

-4-

<PAGE>

elected to the Board of Directors of Community Financial and have had an
opportunity to review the operations of Community Financial as well as the
recommendations of the consultant. These measures and alternatives, if
implemented, hopefully would result in enhanced stockholder value and an
increase in Community Financial's stock price. Additionally, although I have no
plans to recommend or pursue an immediate sale of Community Financial, I am open
to considering a sale of Community Financial as part of a strategy for enhancing
stockholder value.

I believe I can serve the best interests of the stockholders of
Community Financial, but I need your support to elect Michael Nadler and me to
the Board of Directors.

ELECTION OF DIRECTORS OF COMMUNITY FINANCIAL

The Articles of Incorporation of Community Financial that are on file
with the SEC provide that the Board of Directors of Community Financial will
consist of not less than six nor more than eleven directors divided into three
classes as nearly equal in number as possible. The directors of each class are
elected to serve for a term of three years and until their successors have been
elected and qualified. One class is to be elected annually by the stockholders
of Community Financial. A class of two directors should be elected at the
Stockholders Meeting for a three-year term and until their successors have been
elected and qualified. I am soliciting proxies to elect Michael Nadler and me to
fill this class of directors.

The Articles of Incorporation of Community Financial provide that each
share of common stock is entitled to one vote. Directors will be elected by a
majority of the votes cast at a meeting at which a quorum is present. I intend
to vote for Michael Nadler and myself for election as directors whose terms will
expire in 2003.

Only your latest dated proxy will be counted at the Stockholders
Meeting. If you choose to vote by proxy for Michael Nadler and me by using the
enclosed BLUE PROXY, you may not also use the proxy card provided by Community
Financial to vote for any other nominees or any other matters. In addition, you
CANNOT use the proxy card provided by the Board of Directors of Community
Financial to vote for Michael Nadler or me.

I have agreed to serve as a director of Community Financial if elected.
Michael Nadler has informed me that he has agreed to serve as a director of
Community Financial if elected. This is the only agreement or understanding
between Michael Nadler and me. Michael Nadler and I have no agreements or
understandings as to how we will vote or what actions we will propose if elected
as directors. Michael Nadler and I, if elected, will each act in a manner that
we respectively believe will be in the best interests of Community Financial's
stockholders. I believe that immediate action must be taken to improve Community
Financial's financial performance and stock price.

Unless you instruct me otherwise, I will vote the BLUE PROXIES received
by me FOR the election of Michael Nadler and me as directors of Community
Financial.

APPROVAL OF MY PROPOSAL

I also intend to submit the proposal set forth below for consideration
by the stockholders of Community Financial at the upcoming Stockholders Meeting.
Additionally, I intend to submit the following statement in support of my
proposal. Absent instructions to the contrary, the BLUE PROXIES received by me
will be voted FOR my stockholder proposal. The affirmative vote of a majority of
the shares represented at the Stockholders Meeting is required to approve my
proposal.

-5-

<PAGE>

My Stockholder Proposal

RESOLVED, that the stockholders of Community Financial Corp.,
present in person or by proxy, recommend that the Board of Directors
(a) engage the services of a consultant or other advisor which has
experience in advising financial institutions to make recommendations
to the Board of Directors as to specific actions designed to improve
earnings of Community Financial Corp. and enhance stockholder value,
and (b) prepare a report regarding the advisor's or consultant's
recommendations, at reasonable expense, for distribution to
stockholders within six months of this meeting of stockholders.

My Statement in Support of My Proposal

I believe that the Board of Directors should hire a consultant
or other advisor which has experience in advising in financial
institutions to assist the Board in taking action designed to improve
earnings and enhance stockholder value at Community Financial and to
increase the stock price of Community Financial. Accordingly, I
respectfully ask you to vote in favor of my proposed resolution. Please
note, however, that if my resolution is approved by stockholders, it
would recommend that the Board of Directors take certain action but not
mandate any action.

INFORMATION ABOUT
BARRETT R. ROCHMAN AND MICHAEL B. NADLER

The following table shows the number and percentage of the outstanding
shares of common stock of Community Financial beneficially owned by my nominees
for election as directors:

Name Number Percentage *
---- ------ ----------

Barrett R. Rochman 128,740 5.8%

Michael B. Nadler 8,000 0.4%

* Based upon 2,213,645 outstanding shares of common stock of
Community Financial, as disclosed in Community Financial's Form 10-Q for the
quarter ended September 30, 1999.

o Barrett R. Rochman

My principal occupation is the real estate investment business. My
principal real estate investment activities include owning and renting
commercial and residential real estate, purchasing tax certificates in Illinois
and managing real property acquired through tax certificates. I have over 30
years of experience as a real estate investor. I am 56 years old and both my
office and home are located in Carbondale, Illinois, where I have lived for the
past 35 years. My business address is 1345 East Park Street, Carbondale,
Illinois 62901. I engage in my principal occupation through the following
entities:

Rochman Rentals - 1345 East Park Street, Carbondale, Illinois 62901
(rental property company)
S.I. Securities - 1345 East Park Street, Carbondale, Illinois 62901
(real estate investment company)
S.I. Securities, Inc. - 1345 East Park Street, Carbondale,
Illinois 62901 (real estate investment
company)
S.I.-P.I. - 1345 East Park Street, Carbondale, Illinois 62901
(real estate investment company)
Boo Noz Corp. - 1345 East Park Street, Carbondale, Illinois 62901
(real estate investment company)
S.I. Boo, LLC - 1345 East Park Street, Carbondale, Illinois 62901
(real estate investment company)

-6-

<PAGE>

The SEC instituted proceedings against me in 1998 alleging that I
violated Section 13(d) of the Securities Exchange Act of 1934 and certain rules
thereunder (collectively the "Laws"). These proceedings were settled on February
17, 1999 without me having to admit or deny any of the alleged violations. As
part of the settlement, the SEC ordered me to cease and desist from committing
or causing any violation or any future violation of the Laws. The proceedings of
the SEC related to certain reports that I was required to file with the SEC
because I owned more than 5% of the outstanding shares of common stock of
Heartland Bancshares, Inc. I was not required to pay any fine or penalty in
connection with the settlement.

o Michael B. Nadler

Mr. Nadler's principal occupation is real estate investment and
consulting. He has 10 years of experience in the banking industry, with his most
recent banking position being First Vice President of Exchange National Bank in
Chicago, Illinois from 1979 to 1981. Exchange National was bank with
approximately $1 billion in assets before it was sold. While at Exchange
National, Mr. Nadler was responsible for the management of a $100 million loan
portfolio. The holding company for Exchange National was a publicly-held
company. Mr. Nadler also has served as president and a senior level manager at
CNA Tax Investors, Ltd. (tax certificate purchasing) from 1982 to 1994 and
national risk manager at Capital Asset Research Corp. (tax certificate and
municipal lien purchasing) from 1994 to 1999. Mr. Nadler is 51 years old and he
resides in Riverwoods, Illinois, which is a suburb of Chicago. He has lived in
Riverwoods, Illinois for the past six years.

Mr. Nadler engages in his real estate investment and consulting
activities through KLN Real Estate Investors, Ltd. (tax purchasing and real
estate investments), 5225 West Touhy Avenue, Suite 213, Skokie, Illinois 60077
and Thornwood Partners, Ltd. (consultants on tax certificate purchasing), 1919
Thornwood Lane, Riverwoods, Illinois 60015.

-----------------------------------

Neither Michael Nadler or I nor any of our associates (i) are, or
within the past year have been, a party to any contract, arrangement or
understanding with any person with respect to any securities of Community
Financial, (ii) have, or during the past two years had, a direct or indirect
interest in any transaction or series of similar transactions or in any
currently proposed transaction or series of proposed transactions to which
Community Financial, or any of its subsidiaries, was or is to be a party, (iii)
have any arrangement or understanding with any person or among ourselves with
respect to any future transactions to which Community Financial or any of its
affiliates will or may be a party, (iv) have any arrangement or understanding
with any person or among ourselves with respect to future employment by
Community Financial or its affiliates, or (v) own any common stock of Community
Financial of record but not beneficially. Neither Michael Nadler or I nor any
companies that we control have had loans outstanding with Community Financial
since the beginning of its last fiscal year.

Michael Nadler and I do not have any arrangement or understanding
with any other person or among ourselves according to which any of us will be
nominated as a director of Community Financial. Neither Michael Nadler or I nor
any of our associates have any interest in the matters to be voted upon at the
Stockholders Meeting other than the respective interests of Michael Nadler and
me as stockholders of Community Financial.

I estimate that my total expenditures relating to my solicitation of
proxies will be approximately $75,000 (including, but not limited to, costs
related to attorneys, printing, transportation and other costs incidental to the
solicitation). My expenditures to date relating to this solicitation have been
approximately $1,700. If elected as a director, I intend to seek reimbursement
of these expenses from Community Financial.

-7-

<PAGE>

I do not know if the Board of Directors will submit my reimbursement request to
a vote of stockholders of Community Financial.

I have not purchased or sold any shares of common stock of Community
Financial prior to January 7, 1999. Since January 7, 1999, my only transactions
in shares of common stock of Community Financial consist of the following
purchases:

Date Number of Shares
---- ----------------
January 7, 1999 1,000 shares
January 8, 1999 800 shares
January 11, 1999 200 shares
February 1, 1999 200 shares
February 9, 1999 2,000 shares
July 1, 1999 8,500 shares
July 2, 1999 7,500 shares
August 25, 1999 5,000 shares
September 1, 1999 4,700 shares
September 8, 1999 2,000 shares
September 23, 1999 6,000 shares
October 5, 1999 6,000 shares
October 19, 1999 4,000 shares
October 20, 1999 3,000 shares
November 2, 1999 6,000 shares
November 4, 1999 5,000 shares
November 30, 1999 2,000 shares
December 27, 1999 600 shares
January 3, 2000 10,000 shares
January 5, 2000 2,000 shares
January 5, 2000 2,300 shares
January 6, 2000 2,300 shares
January 6, 2000 2,000 shares
January 6, 2000 1,000 shares
January 6, 2000 1,000 shares
January 7, 2000 1,000 shares
January 10, 2000 1,100 shares
February 1, 2000 12,500 shares

My wife, Marilyn Rochman, whose address also is 1345 East Park Street,
Carbondale, Illinois 62901, directly owns 6,340 shares of common stock of
Community Financial. During the past two years, Mrs. Rochman has completed the
following purchases of common stock of Community Financial:

Date Number of Shares
---- ----------------
July 6, 1999 440 shares
November 22, 1999 500 shares
December 22, 1999 2,000 shares
December 30, 1999 3,000 shares
January 4, 2000 400 shares

-8-

<PAGE>

The Boo Rochman Charitable Corp. and the Rochman Family Investment,
both of which I am administrator, own 20,300 and 2,400 shares of common stock of
Community Financial, respectively. I share the power to vote and dispose of
these shares with my wife. During the past two years, the Boo Rochman Charitable
Corp. or the Rochman Family Investment completed the following transactions in
the common stock of Community Financial, all of which were purchases except as
indicated:

Date Number of Shares
---- ----------------
January 11, 1999 3,000 shares
February 23, 1999 2,000 shares
April 6, 1999 2,500 shares
April 7, 1999 1,500 shares
December 6, 1999 2,000 shares
December 7, 1999 500 shares
December 8, 1999 1,100 shares
December 16, 1999 2,400 shares
December 21, 1999 8,700 shares
January 7, 2000 1,000 shares (sale)

As of the date of this Proxy Statement, the total amount of funds used
in the purchase of shares of common stock of Community Financial by my wife, the
Boo Rochman Charitable Corp., Rochman Family Investment and me totals
approximately $1,156,000. This amount is based on the total number of shares of
common stock of Community Financial that I have purchased, as well as the total
number of shares purchased by my wife, the Boo Rochman Charitable Corp. and
Rochman Family Investments, multiplied by the price per share paid and does not
include broker fees associated with such purchases. To date, I have obtained
personal loans in the amount of approximately $500,000 from the First National
Bank & Trust Company in Carbondale, Illinois, and my wife, the Boo Rochman
Charitable Corp., Rochman Family Investments and I have used a total of
approximately $656,000 of our respective funds, including funds obtained from
broker margin accounts, for such purchases.

Since January 1, 1999, Michael Nadler's transactions in shares of
Community Financial common stock have been the following purchases, all of which
were completed using his personal funds totaling approximately $77,000:

Date Number of Shares
---- ----------------
December 30, 1999 2,000 shares
January 10, 2000 2,000 shares
January 12, 2000 2,000 shares
February 22, 2000 2,000 shares

Mr. Nadler has not purchased or sold any other shares of common stock
of Community Financial.

CERTAIN INFORMATION ABOUT COMMUNITY FINANCIAL

Based upon Community Financial's report on Form 10-Q filed with the SEC
for the quarter ended September 30, 1999, there were 2,213,645 shares of common
stock, $.01 par value per share, of Community Financial outstanding. Under
Community Financial's Articles of Incorporation, each share of common stock is
entitled to one vote on each matter to be considered at the Stockholders
Meeting. The address of Community Financial's principal office is 240 East
Chestnut, Olney, Illinois 62450.

-9-

<PAGE>

DATE, TIME AND PLACE OF THE COMMUNITY FINANCIAL
STOCKHOLDERS MEETING

According to the By-Laws of Community Financial currently on file with
the SEC, the Stockholders Meeting will be held at the main office of Community
Financial at such date and time as Community Financial's Board of Directors may
determine. Notice of the date and time of such meeting will be sent to you by
Community Financial. I do not yet know the record date for stockholders entitled
to notice of and to vote at the Stockholders Meeting and any adjournment
thereof.

OTHER MATTERS

I will vote your shares of Community Financial common stock represented
by properly executed BLUE PROXIES in the manner which you direct. If no specific
direction is given, I will vote pursuant to the BLUE PROXIES FOR the election of
Michael Nadler and me to the Board of Directors of Community Financial and FOR
approval of my stockholder proposal set forth above. I am assuming that the only
matters to be presented at the Stockholders Meeting will be the election of
directors of Community Financial and my stockholder proposal. If other matters
are properly presented at the Stockholders Meeting, the BLUE PROXIES will grant
me authority to vote such proxies in my discretion on such matters. Although I
do not expect any such matters to be presented, if they are presented, I intend
to vote in accordance with my best judgment on such matters. I intend to deliver
this Proxy Statement and accompanying form of BLUE PROXY to holders of at least
the percentage of Community Financial's common stock required under applicable
law to carry my stockholder proposal.

Proxies marked as abstentions, broker non-votes or as withholding
authority to vote for Michael Nadler or me as directors or my stockholder
proposal will be treated as shares present for purposes of determining whether a
quorum for the Stockholders Meeting is present but will not be counted as votes
cast for Michael Nadler or me or my stockholder proposal.

Please refer to Community Financial's proxy statement relating to the
Stockholders Meeting that may be sent to all stockholders with respect to
information concerning (i) beneficial ownership by management of Community
Financial's securities, (ii) beneficial owners of 5% or more of Community
Financial's securities, (iii) committees of Community Financial's Board of
Directors, (iv) meetings of Community Financial's Board of Directors and all
committees thereof, (v) certain information regarding the existing directors as
well as management's nominees to serve as directors of Community Financial, (vi)
compensation and remuneration paid and payable to Community Financial's
directors and management, (vii) the date by which stockholders must submit
proposals to Community Financial for inclusion in Community Financial's next
annual meeting proxy statement, and (viii) other matters required by law to be
disclosed. I have no independent knowledge as to the accuracy or completeness of
the proxy statement that Community Financial's Board of Directors may send to
you in connection with the Stockholders Meeting.

The expense of preparing and mailing this Proxy Statement and my other
proxy soliciting material, as well as my cost of soliciting proxies, will be
borne by me but, if elected, I will seek reimbursement of such costs and
expenses from Community Financial. In addition to the use of the mails, proxies
may be solicited by me, by my employees or agents or by employees or agents of
S.I. Securities who will not be specially compensated for such soliciting,
through the use of telephone, fax, telegram, mail, overnight delivery services
and personal solicitation. Approximately two employees or agents will be
involved in soliciting proxies for me. I also will request brokerage firms,
banks, nominees, custodians and fiduciaries to forward my solicitation materials
to the beneficial owners of common stock of Community Financial held by such
institutions or persons, and I will reimburse such institutions and persons for
their reasonable costs of forwarding such material.

-10-

<PAGE>

Once the Board of Directors has established the agenda for the
Stockholders Meeting and the record date for stockholders of Community Financial
who are eligible to attend and vote at the meeting, I may send additional
information to you regarding the meeting. If you buy or sell shares of Community
Financial common stock between the date of this Proxy Statement and the record
date for the Stockholders Meeting, then you may have to complete and sign a new
BLUE PROXY.

IMPORTANT -- Please sign and date only the enclosed BLUE PROXY and mail
it as soon as possible in the self-addressed, postage-prepaid envelope provided.
When you receive a proxy card from Community Financial relating to the
Stockholders Meeting, please do not sign or return it to Community Financial. If
you do so, it may revoke any proxy that you return to me. If you want to revoke
any proxy you have given to me, you may do so by signing and returning a new
proxy (dated subsequent to any previous proxy), by attending the Stockholders
Meeting and voting in person or by sending me a written letter of revocation of
your proxy at the address shown on page 1 of this Proxy Statement.

The date of this Proxy Statement is March 1, 2000.

* * *

IMPORTANT

Your vote is important. No matter how many or how few shares you own,
please sign, date and return to me the enclosed BLUE PROXY as soon as possible.

Please sign and mail only the enclosed BLUE PROXY if you wish to vote
in accordance with my recommendations. Do not sign any proxy card that you may
receive from the Board of Directors of Community Financial.

You must sign your BLUE PROXY exactly as your name appears on your
stock certificate of Community Financial. If you own your stock jointly, both
owners should sign the BLUE PROXY.

STREET NAME STOCKHOLDERS: If your shares of common stock are held in
the name of your broker, bank or other nominee, you must to contact your broker,
bank or nominee and give them instructions as to the voting of your stock. Your
broker or bank cannot vote your shares without receiving your instructions.
Please contact the person responsible for your account and instruct them to
execute a BLUE PROXY as soon as possible.

The proxies that I am soliciting will be valid only at the Stockholders
Meeting. The proxies will not be used for any other meeting and may be revoked
at any time before they are exercised.

If you have any questions or need further assistance, please do not
hesitate to contact me at (800) 529-3513.

-11-
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Exhibit 11

STATE OF ILLINOIS
IN THE CIRCUIT COURT OF THE
SECOND JUDICIAL CIRCUIT
RICHLAND COUNTY

BARRETT R. ROCHMAN, )
)
Plaintiff )
) Richland County
vs. )
) No. 00-MR-5
COMMUNITY FINANCIAL CORP., )
)
Defendant )

ORDER

This matter, having come before the court upon Plaintiff's Complaint
for Mandamus Judgment, and the Court having examined the same and heard argument
on the matters, and being duly advised in the premises, finds that such is
meritorious and should be granted. It is therefore,
ORDERED, ADJUDGED AND DECREED that Defendant, Community Financial
Corp., is hereby ordered to turn over to Plaintiff such corporate information as
set forth in Plaintiff's Complaint within three (3) business days of this
Court's Order, pursuant to 850 ILCS 5/7.75(b). All material to be under
protective order with application to lift to be sought for specific information
after review.
The court finds no bad faith by Defendant and denies motion for fees.
DATED THIS 27 OF MARCH, 2000.

/s/ David M. Correll
DAVID M. CORRELL
Circuit Judge