EXHIBIT 23

                         CONSENT OF INDEPENDENT AUDITORS





     We hereby  consent to the  incorporation  by reference in the  Registration
Statements on Form S-8 of Tri-County Financial Corporation (Commission File Nos.
33-97174,  333-79237  and  333-70800),  of our report  dated  February 28, 2003,
relating  to the  consolidated  financial  statements  of  Tri-County  Financial
Corporation.


                                               /s/ Stegman & Company

Baltimore, Maryland
March 28, 2003