EXHIBIT 99.1


FOR IMMEDIATE RELEASE



                        TRI-COUNTY FINANCIAL CORPORATION
                             ANNOUNCES CASH DIVIDEND

FEBRUARY 29, 2008 (WALDORF, MARYLAND) -- Tri-County Financial Corporation
(OTCBB: TCFC) (the "Company") today announced that its Board of Directors
declared a cash dividend of $0.40 per common share for the year ended December
31, 2007. The dividend will be paid on or about April 3, 2008 to stockholders of
record as of the close of business on March 17, 2008.

Tri-County Financial Corporation is the bank holding company for Community Bank
of Tri-County, which conducts business through its main office in Waldorf,
Maryland, and nine branch offices in Waldorf, Bryans Road, Dunkirk, Leonardtown,
La Plata, Charlotte Hall, Prince Frederick, Lusby and California, Maryland.

Contact:        Michael L. Middleton
                President and Chief Executive Officer
                (888) 745-2265