The Local community Fiscal Company Announces Appointments to Its Board of Directors

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

Michael B. Adams is the President of JON Properties, LLC, a entire service business true estate business in Fredericksburg, Virginia. JON Qualities has gained various awards, especially for its do the job on Historic Renovation and tax credit projects in the Fredericksburg, Virginia region. Prior to starting off JON Homes, Mr. Adams worked at Internet Products, Inc., a vendor in tough terrain forklifts. Mr. Adams served as President of Website Devices, Inc. from 1995 – 2006. Mr. Adams serves, or has served, on quite a few boards of neighborhood businesses. These incorporate the Fredericksburg Rotary Club, the Cal Ripken, Sr. Basis, the Fredericksburg Place Museum, the Central Virginia Housing Coalition, Loisann’s Hope Dwelling and the Germanna Neighborhood Faculty Training Foundation. Mr. Adams is also a member of the Fredericksburg Builders Affiliation, the Nationwide Association of Dwelling Builders, the Fredericksburg Realtors Association and the Nationwide Realtors Association. Mr. Adams attended Prince George’s Community College or university and the College of Maryland where by he analyzed Business Management. Mr. Adams retains a Class A Standard Contractors License and is a licensed realtor in the state of Virginia. Mr. Adams will serve on the Board Threat Oversight Committee and Audit Committee of the Company’s Board of Administrators.

James M. Burke joined the Lender in 2005. He serves as Executive Vice President of the Enterprise and as President of the Bank. In advance of his appointment as President of the Bank in 2016, he served as Govt Vice President and Chief Possibility Officer. Before becoming a member of the Financial institution, Mr. Burke was Executive Vice President and Senior Bank loan Officer at Mercantile Southern Maryland Lender. Mr. Burke has around 20 decades of banking working experience. Mr. Burke serves as Chairman of the Board for St. Mary’s Ryken Substantial College and Trustee for Historic Sotterley Plantation. He is the former Chairman of the Board of Administrators of College of Maryland Charles Regional Healthcare Center and former Board member for the ARC of Southern Maryland. Mr. Burke is a Maryland Banking University graduate and holds a Bachelor of Arts from Substantial Point University. He is also a graduate of the East Carolina Sophisticated University of Business Lending. Mr. Burke has served on the Board of Administrators of the Lender considering that 2016.

Gregory C. Cockerham joined the Financial institution in 1988. Ahead of Mr. Cockerham’s retirement as an staff of the Lender on December 31, 2019, he served as Executive Vice President and Chief Lending Officer. In advance of signing up for the Financial institution, he was a Vice President at Maryland Nationwide Financial institution. Mr. Cockerham has around 40 many years of banking experience. Mr. Cockerham serves as Emeritus and Earlier Chair of the Board of Administrators for the College of Southern Maryland Basis and Finance Chair of the Potomac Baptist Association. He is Previous Chair of Maryland Title Center, former President of the Rotary Foundation Board of Charles County, and Past Chair of the Charles County Board of Training CRD System. Mr. Cockerham is a Maryland Banking Faculty graduate and holds a Bachelor of Science from West Virginia College. Mr. Cockerham has served on the Board of Administrators of the Lender due to the fact 2016. Mr. Cockerham will serve on the Board Risk Oversight Committee of the Company’s Board of Administrators. He also serves on the Bank Board’s Credit Hazard Committee.

James F. Di Misa joined the Lender in 2005. Ahead of Mr. Di Misa’s retirement as a Financial institution employee on March 31, 2019, he served as Government Vice President and Chief Functioning Officer. Ahead of joining the Financial institution, Mr. Di Misa served as Govt Vice President of Mercantile Southern Maryland Financial institution. Mr. Di Misa has above 30 a long time of banking encounter. Mr. Di Misa served on the Board of Trustees of the College of Southern Maryland. He is previous Chairman of the Board of Trustees for the Maryland Banking Faculty, Past Chair of the Charles County Rotary Scholarships System, Past President of the Charles County Rotary Club, previous Governor Appointment to the Tri-County Get the job done Drive Financial commitment Board, and Earlier President and Founder of the La Plata Business enterprise Association. Mr. Di Misa is a Stonier Graduate University of Banking graduate and holds a Grasp of Company Administration from Mount St. Mary’s Higher education and a Bachelor of Science from George Mason College. Mr. Di Misa has served on the Board of Administrators of the Lender considering the fact that 2016. He will provide on the Board Possibility Oversight Committee of the Company’s Board of Administrators. Mr. Di Misa currently serves as Chairman of the Bank Board’s Credit history Possibility Committee.

“We are happy to have Mr. Adams be a part of the Board of Directors.  Mr. Adams is a effectively-highly regarded and recognised organization chief in the Fredericksburg location.  As the Lender proceeds to grow in this industry, his small business acumen and practical experience in the Fredericksburg local community will play an crucial job in the Company’s strategic endeavours and expansion,” said Austin J. Slater, Jr., Chairman of the Board of the Organization and the Bank.

“Messrs. Burke, Cockerham and Di Misa have extended been leaders at the Bank and Enterprise.  Every single of them have produced incredible contributions to the success of the group.  Although Mr. Di Misa and Mr. Cockerham have retired as staff from the Lender, their continued management and advice by way of their appointment to the Board of Administrators of the Enterprise will more travel the corporation forward. Serving as President of Group Lender of the Chesapeake, Mr. Burke’s appointment to the Keeping Organization Board is essential in our ongoing accomplishment.  We are honored to have each individual of these folks sign up for the Board,” mentioned William J. Pasenelli, Chief Government Officer of the Firm and the Financial institution.

About The Community Financial Corporation – Headquartered in Waldorf, MD, The Local community Economical Company is the lender holding business for Community Bank of the Chesapeake, a complete-support commercial financial institution with assets of somewhere around $2.1 billion. As a result of its branch workplaces and business lending facilities, Community Lender of the Chesapeake features a broad variety of monetary goods and expert services to people today and firms. The Company’s banking centers are situated at its key business office in Waldorf, Maryland, and department places of work in Waldorf, Bryans Street, Dunkirk, Leonardtown, La Plata, Charlotte Hall, Prince Frederick, Lusby and California, Maryland and downtown Fredericksburg, Virginia. Additional information and facts about Group Lender of the Chesapeake can be located at www.cbtc.com.

Ahead-looking Statements – This news launch has ahead-looking statements in just the this means of the federal securities rules. Forward-hunting statements can normally be determined by the fact that they do not relate strictly to historic or recent details. They generally include things like terms like “believe,” “expect,” “anticipate,” “estimate” and “intend” or upcoming or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Statements in this release that are not strictly historical are ahead-seeking and are based mostly upon existing expectations that may possibly vary materially from precise final results. These forward-on the lookout statements involve, without the need of limitation, all those relating to the Company’s and Local community Financial institution of the Chesapeake’s long term expansion and management’s outlook or expectations for revenue, property, asset high quality, profitability, enterprise prospective customers, net desire margin, non-fascination revenue, allowance for financial loan losses, the degree of credit rating losses from lending, liquidity ranges, capital levels, or other future fiscal or small business general performance procedures or anticipations, and any statements of the ideas and aims of management for future functions items or companies, such as the anticipated added benefits from, and/or the execution of integration plans relating to any acquisition we have undertaking or that we undertake in the foreseeable future options and charge savings pertaining to branch closings or consolidation any assertion of expectation or belief projections connected to specified fiscal metrics and any statement of assumptions fundamental the foregoing. These ahead-searching statements convey management’s latest anticipations or forecasts of future events, results and situations, and by their nature are issue to and entail risks and uncertainties that could trigger precise results to differ materially from those people anticipated by the statements designed herein. Variables that could trigger precise benefits to vary materially from people built in these types of statements incorporate, but are not limited to: threats, uncertainties and other factors relating to the COVID-19 pandemic (which includes the duration of time that the pandemic proceeds, the potential of states and regional governments to effectively carry out the lifting of limitations on motion and the prospective imposition of even further constraints on motion and travel in the long run, the outcome of the pandemic on the normal financial system and on the enterprises of our debtors and their skill to make payments on their obligations the remedial steps and stimulus actions adopted by federal, state and regional governments, and the lack of ability of workers to perform thanks to disease, quarantine, or govt mandates) the synergies and other predicted money positive aspects from any acquisition that we have carried out or may well undertake in the upcoming, which may perhaps not be recognized within just the envisioned time frames alterations in The Group Fiscal Company or Neighborhood Lender of the Chesapeake’s system, charges or challenges relevant to integration issues which could be greater than expected availability of and charges affiliated with obtaining enough and well timed resources of liquidity the means to maintain credit history quality typical economic developments variations in fascination fees reduction of deposits and financial loan desire to other monetary institutions considerable variations in fiscal marketplaces alterations in serious estate value and the genuine estate marketplace regulatory modifications the effect of governing administration shutdowns or sequestration the risk of unforeseen situations affecting the sector generally the uncertainties related with freshly created or acquired functions the consequence of pending or threatened litigation, or of issues ahead of regulatory agencies, no matter if at this time existing or commencing in the upcoming marketplace disruptions and other effects of terrorist functions and the issues explained in “Item 1A Risk Factors” in the Company’s Annual Report on Sort 10-K for the 12 months Ended December 31, 2019 and its Quarterly Report on Variety 10-Q for the Period of time Ended September 30, 2020, and in its other Stories filed with the Securities and Exchange Fee (the “SEC”). The Company’s forward-seeking statements might also be subject to other hazards and uncertainties, which include those that it may possibly examine in other places in this news release or in its filings with the SEC, available on the SEC’s Web web-site at www.sec.gov. The Company undertakes no obligation to update these ahead-seeking statements to reflect situations or circumstances just after the day hereof or to mirror the prevalence of unexpected functions, besides as essential below the rules and regulations of the SEC.

CONTACTS:

William J. Pasenelli, Main Executive Officer
888.745.2265