NEWS RELEASE
                         FOR MORE INFORMATION CONTACT
                         Wayne H. Benson
                         Chief Executive Officer



                         FOR IMMEDIATE RELEASE
                         618-395-8676



          COMMUNITY FINANCIAL CORP. ANNOUNCES
               STOCK REPURCHASE PROGRAM


Olney, Illinois - June 7, 1999.  Community Financial Corp.
(Nasdaq.nms: CFIC) announced today that the Board of Directors
has approved the repurchase of up to 50,000 shares of the
Company's common stock, which represents approximately 2.5% of
the outstanding common stock.

The repurchased shares will be held as treasury stock and will
be available for issuance upon the exercise of stock options and
for other corporate purposes.  The repurchase program will be
dependent upon market conditions and the availability of shares,
and there is no guarantee as to the exact number of shares to be
repurchased by the Company.

Mr. Wayne H. Benson, Chief Executive Officer of Community
Financial Corp., stated that the Board of Directors believes
that the Company's common stock provides an attractive
investment, and that the repurchase program will improve
liquidity in the market for the Company's common stock.

The repurchase will be effected through open market purchases,
although the possibility of unsolicited negotiated transactions
or other types of repurchases have not been ruled out.

Community Financial Corp. is the bank holding company for
Community Bank & Trust, American Bank of Illinois, Egyptian
State Bank, Saline County State Bank, and MidAmerica Bank of St.
Clair County.