NEWS RELEASE
                                   FOR MORE INFORMATION CONTACT
                                   Wayne H. Benson
                                   Chief Executive Officer
                                   ------------------------
                                   FOR IMMEDIATE RELEASE
                                   618-395-8676

               COMMUNITY FINANCIAL CORP.
  ANNOUNCES APPOINTMENT OF THREE ADDITIONAL DIRECTORS
           AND NEW CHIEF EXECUTIVE OFFICERS

Olney, Illinois - June 8, 1998.  Community Financial Corp. 
(Nasdaq.nms: CFIC), the holding company for Community Bank &
Trust, N.A., American Bank, Egyptian State Bank, Saline County
State Bank and MidAmerica Bank of St. Clair County, announced
today that the Board of Directors increased the number of
directors to eleven by adding three new directors.  The new
directors are Roger L. Haberer, who currently serves as a
director of Community Bank & Trust, N.A., Gary L. Graham, who
currently serves as a director of MidAmerica Bank of St. Clair
County, and Wayne H. Benson, who currently serves as Executive
Vice President of Community Bank & Trust, N.A.

"The addition of these three directors will bring significant
additional expertise to the Board of our holding company," said
Charles M. DiCiro, the Chairman of the Board of Community 
Financial Corp.  "The Board of Directors also wanted to increase
the representation on the holding company's Board of Directors
to include a director of the Company's wholly owned bank
subsidiaries."

In addition, Community Financial Corp.  announced that Shirley
B. Kessler, who has previously indicated her intention to retire
at the end of 1999, has resigned as Chief Executive Officer of
the Company and that Wayne H. Benson was promoted to fill that
position.  "This step was taken to facilitate an orderly
management succession," said Ms. Kessler.  Ms. Kessler will
remain as President of Community Financial Corp.  and President
and Chief Executive Officer of Community Bank & Trust, N.A., the
Company's largest bank subsidiary.

Community Financial Corp.  serves southern Illinois through its
five bank subsidiaries and reported consolidated assets of
approximately $308.6 million, consolidated loans of 
approximately $157.5 million, and consolidated deposits of
approximately $217.4 million based on March 31, 1998 financial
information.