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Posted 02 September, 2022

COMMUNITY FINANCIAL CORP /MD/ appointed new CEO

CEO Change detected for ticker Nasdaq:TCFC in a 8-K filed on 02 September, 2022.


  As previously disclosed, James M. Burke was appointed Chief Executive Officer of The Community Financial Corporation (the "Company") and its wholly owned subsidiary Community Bank of the Chesapeake (the "Bank"), effective August 31, 2022.  

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Overview of COMMUNITY FINANCIAL CORP /MD/
Financial Services • Banking
The Community Financial Corp. operates as a bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. It offers loans and investments. The firm through its subsidiary, provides demand, savings and time deposits and commercial and residential mortgage, construction and land development, home equity and second mortgages, and commercial equipment loans. The company was founded in 1989 and is headquartered in Waldorf, MD.
Market Cap
N/A
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COMMUNITY FINANCIAL CORP /MD/ by TradingView
Relevant filing section
Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


As previously disclosed, James M. Burke was appointed Chief Executive Officer of The Community Financial Corporation (the "Company") and its wholly owned subsidiary Community Bank of the Chesapeake (the "Bank"), effective August 31, 2022. Mr. Burke succeeds William J. Pasenelli who retired as Chief Executive Officer of the Company and the Bank, and as a member of the Board of Directors of each of the Company and the Bank, effective August 31, 2022. Mr. Burke will also continue to serve as President of the Company and the Bank. Effective September 1, 2022, Mr. Burke will also serve as Vice-Chair of the Board of Directors of each of the Company and the Bank.


Mr. Burke, age 54, has served as the Company's President, and as a member of the Company's Board of Directors, since February 25, 2021. Mr. Burke has also served as the Bank's President, and as a member of the Bank's Board of Directors, since 2016. Prior to being appointed as President of the Bank, Mr. Burke served as Executive Vice President and Chief Risk Officer of the Bank since 2005.


The Company has not entered into, or amended, any material plan, contract or arrangement to which Mr. Burke is a party or in which he participates in connection with the promotions described above. In the event of such entry into, or amendment of, a material plan, contract or arrangement in connection with the promotions, the Company will file an amendment to this report within four business days thereof.