SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                             FORM 8-K

              Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934



        Date of Report (Date of earliest event reported):
                          June 25, 1997


                  Community Financial Corp.
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(Exact name of registrant as specified in its charter)


      Illinois                 0-26292         37-1337630
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(State or other jurisdiction  (Commission     (I.R.S. employer
of incorporation)             file number)   identification no.)


240 E. Chestnut Street, Olney, Illinois            62450-2295
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(Address of principal executive offices)           (Zip Code)


     Registrant's telephone number, including area code:
                        (618) 395-8676
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                         Not Applicable
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 (Former name or former address, if changed since last report)


ITEM 5.  OTHER EVENTS
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     On June 25, 1997, the Registrant announced that it had
signed an agreement to acquire MidAmerica Bank of St. Clair
County, for a cash purchase price currently estimated to be $5.6
million.  For further information, reference is made to the
Registrant's press release dated June 25, 1997, which is attached
hereto as Exhibit 99.1, and incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
         AND EXHIBITS
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     The following is a list of exhibits filed with this Current
Report on Form 8-K.

      Exhibit No.            Description
      -----------            -----------

        99.1          Press Release, dated June 25, 1997


                      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.

                                COMMUNITY FINANCIAL CORP.


Date: June 30, 1997             By: /s/ Shirley B. Kessler
                                    ----------------------
                                    Shirley B. Kessler
                                    President