-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gi9qvVzrtKZjF6rD9NFge1vqktZ25VfU93rFqYLB/o1urs0NhOdwjPQhhK4bXRpV eZNq/CpYjuutw/VFngwMng== 0000904280-02-000175.txt : 20020725 0000904280-02-000175.hdr.sgml : 20020725 20020725155603 ACCESSION NUMBER: 0000904280-02-000175 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020723 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRI COUNTY FINANCIAL CORP /MD/ CENTRAL INDEX KEY: 0000855874 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 520692188 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18279 FILM NUMBER: 02710966 BUSINESS ADDRESS: STREET 1: 3035 LEONARDTOWN RD STREET 2: P O BOX 38 CITY: WALDORF STATE: MD ZIP: 20601 BUSINESS PHONE: 3016455601 MAIL ADDRESS: STREET 1: 3035 LEONARDTOWN ROAD CITY: WALDORF STATE: MD ZIP: 20601 8-K 1 fm8k72302-1494.txt FORM 8-K 7-23-02 TRI-COUNTY FINANCIAL SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 __________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 23, 2002 Tri-County Financial Corporation ------------------------------------------------------ (Exact Name of Registrant as Specified in Its Charter) MARYLAND 0-18279 52-1652138 - ---------------------------- ---------------------- ------------------ (State or Other Jurisdiction Commission File Number (I.R.S. Employer of Incorporation) Identification No.) 3035 Leonardtown Road, Waldorf, Maryland 20601 --------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (301) 843-0854 -------------- Not applicable ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. ------------ On July 23, 2002, the Board of Directors of the Registrant announced that it was commencing a stock repurchase program to acquire up to 38,000 shares of its common stock, representing approximately 5% of the outstanding common stock. Further information regarding the stock repurchase is set forth in a press release dated July 25, 2002, attached as Exhibit 99 and incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. ------------------------------------------------------------------ The following exhibits are being filed as part of this Current Report on Form 8-K: Number Description ------ ----------- 99 Press Release dated July 25, 2002 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRI-COUNTY FINANCIAL CORPORATION Dated: July 24, 2002 By: /s/ Michael L. Middleton --------------------------------------- Michael L. Middleton President (Duly Authorized Representative) EX-99 3 fm8kex9972302-1494.txt EXHIBIT 99 TO FORM 8-K 7-23-02 PRESS RELEASE FOR IMMEDIATE RELEASE --------------------- Contact: Michael L. Middleton, President Telephone No.: (301) 645-5601 July 25, 2002 TRI-COUNTY FINANCIAL CORPORATION ANNOUNCES STOCK REPURCHASE PROGRAM Waldorf, Maryland ... Tri-County Financial Corporation (the "Company"), announced today that it is commencing a stock repurchase program to acquire up to 38,000 shares of its common stock, which represents approximately 5% of the outstanding common stock. The program will be dependent upon market conditions and there is no guarantee as to the exact number of shares to be repurchased by the Company. Michael L. Middleton, President of the Company stated that the Board of Directors has authorized the repurchase program, which is expected to be completed within twelve months. Mr. Middleton explained that the Board of Directors considers the common stock to be an attractive investment. It is expected that a reduction in the amount of Company outstanding stock would have the effect of increasing per share earnings and return on equity. According to Mr. Middleton, the repurchases generally would be effected through open market purchases and privately negotiated transactions. The Company is the holding company for Community Bank of Tri-County, which conducts business through its main office located in Waldorf, Maryland and eight branch offices located in Waldorf, Bryans Road, Dunkirk, Leonardtown, La Plata, Charlotte Hall and California, Maryland. At March 31, 2002, the Company had total assets of $259 million, total deposits of $181 million and stockholders' equity of $26 million. -----END PRIVACY-ENHANCED MESSAGE-----