WALDORF, Md., Dec. 9, 2010 /PRNewswire-FirstCall/ -- Tri-County Financial Corporation (the "Company") (OTC Bulletin Board: TCFC), the holding company for Community Bank of Tri-County, announced that it has entered into a Rule 10b5-1 repurchase plan with Sandler O'Neill & Partners, L.P. under which Sandler O'Neill will repurchase shares of common stock equaling up to 1% of the Company's stockholders' equity on behalf of the Company as part of the Company's previously announced stock repurchase plan. The Rule 10b5-1 repurchase plan allows the Company to repurchase its shares during periods when it would normally not be active in the market due to its internal trading blackout period.
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.
SOURCE Tri-County Financial Corporation