May 18, 2009 (FinancialWire) — Community Financial Shares, Inc. (OTCBB: CFIS) (Current Market Cap: US$18.68 Mil.) said it has received a $6.97 million investment from the U.S. Department of the Treasury in exchange for 6,970 shares of the company’s preferred stock under the TARP Capital Purchase Program.

The preferred stock carries a 5% annual dividend yield for five years, and a 9% annual dividend yield thereafter. Community Financial said that Treasury also exercised a warrant under which it purchased an additional 349 shares of the company’s preferred stock, which carries a 9% annual dividend yield.

Glen Ellyn, Illinois-based Community Financial Shares is a bank holding company with $308.6 million of posted assets at March 31. Its primary subsidiary, Community Bank-Wheaton/Glen Ellyn, maintains four full service offices in Glen Ellyn and Wheaton, Illinois.

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