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TYFG
Tri County Financial Group Inc.

Common Stock

44.25

0.00

0.00%

44.25 / 45.00 (1300 x 228)

Real-Time Best Bid & Ask: 05:00pm 07/17/2025
Delayed (15 Min) Trade Data: 12:00am 07/16/2025

Tri County Financial Group Inc.

706 Washington St.

Mendota, IL 61342

Principal Executive Offices:

706 Washington St.

Mendota, IL 61342

Business Description
Tri County Financial Group is the holding company for First State Bank, a $1.5 billion community bank headquartered in Mendota, Illinois. First State Bank is spread throughout north central Illinois in 19 locations. Established in 1940, First State Bank has experienced excellent growth, both organically and through acquisition, particularly over the last 25 years. This has been obtained by providing cutting edge banking products along with excellent customer service. More information regarding First State Bank can be found at firststatebank.biz.
Corporate Structure

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Financial Reporting
Reporting Status
U.S. Reporting: Bank/Thrift
Audited Financials
Audited
CIK
0000801901
Fiscal Year End
12/31
Company Officers & Contacts
Timothy J. McConville
President, CEO

Rene' Shaffer
Officer

Lana Eddy
CFO

Cory Biers
SVP, Mortgage Lending

Jill V Summerhill
VP, Ops.

Jan Phalen
Chief Marketing Officer

Kirk Ross
Other

Jordan Carpenter
Other

Grant Goltz
Other

Board of Directors
Thomas Prescott
Chairman, Independent Director, Compensation Committee Member, Nominating Committee Member

Spencer T. Cohn

Mr. Cohn is Director at Castle Creek Capital LLC ("Castle Creek"). Mr. Cohn has been with Castle Creek since 2014. He works with the board of directors at several other community banks as a part of his duties with Castle Creek. Prior to joining the firm, Mr. Cohn worked at Keefe, Bruyette & Woods, Inc. ("KBW") as an Investment Banking Associate in the Financial Institutions Group. At KBW, he concentrated on mergers and acquisitions including bankruptcy structures, recapitalizations and restructurings, and capital markets transactions, completing transactions with an aggregate deal value in excess of $1 billion. Mr. Cohn holds dual Bachelor of Science degrees in Finance and Accountancy from The University of Illinois at Urbana-Champaign and is a graduate of the ABA Stonier Graduate School of Banking at The Wharton School at the University of Pennsylvania.

Matthew P. Faber
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Doug Fitzgerald
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

John Holland
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Controller for HCC, Inc. Mendota, Illinois

Timothy J. McConville
Compensation Committee Member, Nominating Committee Member

Kenneth D. Otterbach
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Kirk Ross

Julie Setchell
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Kathleen Stevenson
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Goodwin Toraason
Independent Director, Compensation Committee Member, Nominating Committee Member

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Forvis Mazars, LLP

135 West 50th Street

New York, NY 10020

Securities Counsel
Barack Ferrazzano Kirschbaum & Nagelberg LLP

200 West Madison Street

Suite 3900

Chicago, IL 60606

Securities Counsel
Howard & Howard Attorneys, P.C.

200 S. Michigan Ave.

Suite 1100

Chicago, IL 60604

Corporate Broker
Raymond James & Associates, Inc.

880 Carillon Parkway

St. Petersburg, FL 33716

Profile Data
SIC - Industry Classification
6022 - State commercial banks
Incorporation Information
DE, US, 1986
Employees
288 as of 12/31/2024
Shell
No
Bank / Thrift
Yes
Products and Services

Banking institution providing deposit and loan products, along with electronic options for customers to do business.

Company Facilities

Currently operating 19 branches in the Northern Illinois region.

Company Notes
Formally = First State Bank until (07/86)
OTCQX Best Market Logo
Joined OTCQX 05/2019
The Company Profile data was verified by the issuer within the previous 6 months.
This security is not a Penny Stock as defined in SEC Rule 240.3a51-1.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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