8-K

UNITED STATES

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): February 17, 2015

THE COMMUNITY FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Maryland	0-18279	52-1652138
(State or other Jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

3035 Leonardtown Road, Waldorf, Maryland 20601

(Address of principal executive offices)

 (301) 645-5601

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01Other Events.

On February 17, 2015, The Community Financial Corporation issued a press release announcing that on February 13, 2015 it redeemed all $20.0 million of its outstanding preferred securities issued under the U.S. Treasury’s Small Business Lending Fund program.  A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.

            (d) Exhibits

                            Number Description

                             99.1 Press Release dated February 17, 2015

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.

Dated:  February 17, 2015	By:	/s/ William J. Pasenelli
		William J. Pasenelli
		President and Chief Executive Officer

EX-99.1

FOR IMMEDIATE RELEASE

Contact:

William J. Pasenelli

President and Chief Executive Officer

(888) 745-2265

THE COMMUNITY FINANCIAL CORPORATION

ANNOUNCES REDEMPTION OF SBLF PREFERRED STOCK

Waldorf, Maryland, February 17, 2015 – The Community Financial Corporation (NASDAQ: TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake, today announced that on February 13, 2015 it redeemed all $20.0 million of its outstanding preferred securities issued under the U.S. Treasury’s Small Business Lending Fund (“SBLF”) program.  The redemption was funded with the proceeds of a $23.0 million issuance of subordinated notes, which the Company completed on February 6, 2015.

Since entering the SBLF program in September 2011, the dividend rate on the SBLF preferred stock has been 1.0%.  However, under the terms of the program, the dividend rate on the SBLF preferred stock was set to increase to 9.0% in March 2016.

“We are pleased to announce Community Financial’s exit from the SBLF program,” said William J. Pasenelli, President and Chief Executive Officer.  “This redemption simplifies our capital structure, reduces our ongoing costs and further reflects our strong financial condition and commitment to increasing shareholder value.”

About The Community Financial Corporation - The Company is the bank holding company for Community Bank of the Chesapeake.  Headquartered in Waldorf, Maryland, Community Bank of the Chesapeake is a full-service commercial bank, with assets over $1 billion.  Through its 12 banking centers and five dedicated commercial lending centers, Community Bank of the Chesapeake offers a broad range of financial products and services to individuals and businesses.