Community Financial in Maryland Files $75M Registration Statement

Community Financial in Waldorf, Md., filed a shelf registration that will allow it to raise up to $75 million over the next three years.

The $1 billion-asset company filed with the Securities and Exchange Commission to sell common and preferred stock, debt securities, warrants and other securities.

The company, formerly known as Tri-County Financial until it expanded into northern Virginia, held a $30.6 million initial public offering last year.

The filing is a "prudent step to maintain flexibility" and "access the capital markets quickly in favorable market conditions," William Pasenelli, Community Financial's president and chief executive, said in a press release.

The flexibility may be to help finance current plans for branch expansion in Virginia. The company announced in February that it would open two branches in Fredericksburg, Va.

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