SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K


                                 CURRENT REPORT


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


                Date of Report (Date of earliest event reported)
                                January 24, 2000



                         COMMUNITY FINANCIAL CORPORATION
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             (Exact name of Registrant as specified in its Charter)




        Virginia                       0-18265                 54-1532044
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(State or other jurisdiction     (Commission File No.)        (IRS Employer
     of incorporation)                                      Identification No.)




38 North Central Avenue, Staunton, Virginia                            24401
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(Address of principal executive offices)                             (Zip Code)




Registrant's telephone number, including area code: (540) 886-0796




                                       N/A
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          (Former name or former address, if changed since last report)






Item 5.           Other Events

         On January 24, 2000, the  Registrant  issued the attached press release
announcing the resignation of Thomas W. Winfree, the Registrant's  President and
Chief Executive Officer.

Item 7.           Financial Statements and Exhibits

         (c)      Exhibits

         99.      Press Release, January 24, 2000







                                   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 thereunto duly authorized.



                                      COMMUNITY  FINANCIAL CORPORATION




Date: February 2, 2000                By:  /S/ P. DOUGLAS RICHARD
                                           ------------------------------------
                                           P. Douglas Richard, Acting President
                                           and Chief Executive Officer