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                                  EXHIBIT 99.1

        SAFE HARBOR COMPLIANCE STATEMENT FOR FORWARD-LOOKING STATEMENTS

         You should consider the following factors in evaluating us and our
business. If any of the following or other risks actually occurs, our business,
financial condition and results of operations could be adversely affected. In
such case, the trading price of our common stock could decline.

IT IS DIFFICULT TO EVALUATE OUR BUSINESS BECAUSE WE HAVE A LIMITED OPERATING
HISTORY; IF WE FAIL TO EFFECTIVELY MANAGE OUR RAPID GROWTH, OUR BUSINESS WILL
SUFFER

         We have experienced rapid growth throughout our relatively short
operating history. From December 31, 1999 to December 31, 2003, our assets grew
at a compounded annual rate of 115.25%. Accordingly, we have only a limited
operating history on which you can base your evaluation of our business and
prospects. In addition, our prospects must be considered in light of the risks
and uncertainties encountered by companies undergoing rapid growth in
competitive markets. Although we have grown significantly, we do not believe
that our prior growth rates are sustainable or a good predictor of future
operating results. This rapid growth has placed and will continue to place
demands on our management and other resources and there is no assurance that
these demands can be met successfully. We may not be able to increase revenue
or maintain profitability on a quarterly or an annual basis. If this occurs,
the price of our common stock will suffer.

         Our future operating results will depend on many factors, including
but not limited to: the level of product and price competition; our ability to
hire, train and retain personnel and otherwise manage our growth; our ability
to maintain the quality of our loan portfolio, investment securities and other
assets; our ability to generate sufficient capital to support our asset growth;
our ability to maintain profitability while expanding geographically; our
ability to establish strategic marketing and business relationships; and our
ability to develop and market new and enhanced products while controlling
costs. See "Item 6. Management's Discussion and Analysis of Financial Condition
and Results of Operations".

UNPREDICTABLE ECONOMIC AND GEOPOLITICAL CONDITIONS MAY HAVE AN ADVERSE EFFECT
ON THE QUALITY OF OUR LOAN PORTFOLIO AND OUR FINANCIAL PERFORMANCE

         Economic recession over a prolonged period or other economic problems
in our market area could have a material adverse impact on the quality of our
loan portfolio and the demand for our products and services. For example, a
downturn in the local economy could make it more difficult for our borrowers to
repay their loans, which could lead to loan losses. This could in turn
adversely affect our financial condition, results of operations or cash flows.
Our success depends to a significant extent upon economic conditions in Georgia
and particularly in Gwinnett County. The banking industry in Georgia is
affected by general economic conditions such as inflation, recession,
unemployment and other factors beyond our control. In addition, terrorist
activity and the armed conflict in Iraq or other parts of the world pose the
additional risk of general economic disruption and lend additional uncertainty
to the timing and level of investment and borrowing decisions by our customers.
See "Item 1. Description of Business".

WE COULD SUFFER LOAN LOSSES FROM A DECLINE IN CREDIT QUALITY

         We could sustain losses if borrowers, guarantors and related parties
fail to perform in accordance with the terms of their loans. Because we derive
a significant portion of our net income from our loan portfolio, our financial
condition, results of operations and cash flows could be materially adversely
affected if our borrowers are unable to repay their loans as scheduled. See
"Item 1. Description of Business".



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BECAUSE WE HAVE A LIMITED OPERATING HISTORY AND HAVE GROWN RAPIDLY, IT IS
DIFFICULT TO ASSESS RELIABLY THE QUALITY OF OUR LOAN PORTFOLIO

         Because we have grown rapidly during our short operating history, many
of the loans in our loan portfolio are too new to show evidence of repayment,
collateral or other performance problems. As a result, it is difficult to
assess reliably the quality of our loan portfolio or evaluate or anticipate our
operating results generally. If credit quality problems come to light as our
loan portfolio matures, our operating results will suffer. Our past operating
performance does not necessarily indicate future success.

CHANGES IN INTEREST RATES MAY DECREASE OUR NET INTEREST INCOME

         If we are unsuccessful in managing interest rate fluctuations, our net
interest income could decrease materially. Our operations depend substantially
on our net interest income, which is the difference between the interest income
earned on our interest-earning assets and the interest expense paid on our
interest-bearing liabilities. Like most financial institutions, our earnings
and net interest income are affected by changes in market interest rates and
other economic factors beyond our control. While we take measures to guard
against interest rate risk, these measures may not be effective in minimizing
our exposure to interest rate risk. At December 31, 2003, the difference
between Gwinnett Community Bank's liabilities and assets repricing or maturing
within one year was $57,643,000 or 29.19% of total assets. Due to an excess of
liabilities repricing or maturing within one year, a rise in interest rates
could cause Gwinnett Community Bank's net interest income to decline. See "Item
6. Management's Discussion and Analysis of Financial Condition and Results of
Operations".

INDUSTRY COMPETITION MAY HAVE AN ADVERSE EFFECT ON OUR PROFITABILITY

         Competition in the banking and financial services industry is intense,
and our profitability depends upon our continued ability to compete in our
market area. We compete with other commercial banks, savings and loan
associations, credit unions, finance companies, mutual funds, insurance
companies and brokerage and investment banking firms operating locally and
elsewhere. In addition, because federal law now permits banks, securities firms
and insurance companies to affiliate, a number of larger financial institutions
and other corporations offering a wider variety of financial services than we
currently offer can now enter and aggressively compete in the markets we
currently serve. Many of these competitors have substantially greater resources
and lending limits than us and may offer certain services that we do not or
cannot provide.

DEPARTURES OF OUR KEY PERSONNEL MAY IMPAIR OUR OPERATIONS

         Each member of our senior management team is important to our success.
Our senior management team includes:

         -        Thomas J. Martin, Chief Executive Officer and President of
                  the Community Financial and Gwinnett Community Bank;

         -        Ann K. Marshall, Chief Financial Officer and Secretary of
                  Community Financial and Chief Financial Officer, Chief
                  Operating Officer and Secretary of the Gwinnett Community
                  Bank; and

         -        Donald W. Tew, Senior Lending Officer of Gwinnett Community
                  Bank.

         While we have entered into employment agreements with these
individuals, the unexpected loss of any of these persons could impair our
day-to-day operations as well as our strategic direction.

WE MAY NEED TO RAISE ADDITIONAL CAPITAL IN ORDER TO SUPPORT OUR GROWING ASSET
SIZE, AND WE MAY NOT BE ABLE TO DO SO

         Our rapidly increasing asset size may require us to raise additional
capital in order to maintain compliance with various minimum or suggested
capital requirements promulgated by the Federal Reserve



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Board, the Federal Deposit Insurance Corporation (the "FDIC") and the Georgia
Department of Banking and Finance (the "DBF"). We may raise capital through the
issuance of non-common equity securities, such as preferred stock, which
require periodic dividend payments which reduce the amount of our earnings
available to the holders of our common stock. Alternatively, we may be unable
to raise capital through the sale of any equity instrument, and thus be
required to reduce our asset size or growth until we can generate additional
capital.

OUR ABILITY TO PAY DIVIDENDS IS RESTRICTED BY STATE AND FEDERAL POLICIES AND
REGULATIONS

         Federal Reserve Board policy and DBF regulations restrict our ability
to pay dividends, and we cannot assure that we will pay dividends on our common
stock in the future. Federal Reserve Board policy states that bank holding
companies should pay cash dividends on common stock only out of net income
available over the past year and only if prospective earnings retention is
consistent with the organization's expected future needs and financial
condition. The policy provides that bank holding companies should not maintain
a level of cash dividends that undermines its ability to serve as a source of
strength to its banking subsidiaries. Our ability to declare and pay dividends
on our common stock depends on our earnings and financial condition, our
liquidity and capital requirements, the general economic and regulatory climate
and other factors our Board of Directors deems relevant. In addition, we have
committed to the Federal Reserve Bank of Atlanta that, until Gwinnett Community
Bank has operated for five years, i.e., until October 2004, we will not pay
dividends to our shareholders without the prior approval of the Federal Reserve
Bank of Atlanta.

         Our principal source of funds to pay dividends is cash dividends that
we receive from Gwinnett Community Bank. The DBF regulates Gwinnett Community
Bank's dividend payments and must approve dividend payments that would exceed
50% of Gwinnett Community Bank's net profits for the preceding year, which are
to be paid when Gwinnett Community Bank's levels of capital and classified
assets do not meet certain requirements, or which are to be paid in an amount
which exceeds Gwinnett Community Bank's retained earnings. See "Item 1.
Business - Supervision and Regulation - Dividends".

OUR MANAGEMENT AND AFFILIATES CONTROL UP TO 36.0% OF OUR STOCK AND ARE
THEREFORE ABLE TO SIGNIFICANTLY INFLUENCE THE OUTCOME OF ANY SHAREHOLDER VOTE,
INCLUDING APPROVAL OF A SALE OF COMMUNITY FINANCIAL

         Our directors and executive officers beneficially own or control or
have the right to acquire approximately 513,506 shares, representing 36.0% of
our outstanding common stock. As a result, our directors and executive officers
could exercise significant control over matters requiring shareholder approval,
including the election of directors or a change in control of Community
Financial. See "Item 11. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters".

IF AN ACTIVE TRADING MARKET FOR THE COMMON STOCK DOES NOT DEVELOP, IT MAY BE
DIFFICULT FOR YOU TO SELL YOUR SHARES OF COMMON STOCK

         There is currently no established trading market for our common stock
and a more active trading market may not develop. If an active trading market
does not develop or continue, you may not be able to resell your shares at or
above the price at which these shares were purchased. A public trading market,
which has the desired characteristics of depth, liquidity and orderliness,
depends upon the presence in the marketplace of willing buyers and sellers of
the common stock at any given time. The presence of willing buyers and sellers
depends upon individual decisions of investors, over which neither we, nor any
market maker, have any control.

THE MARKET PRICE OF OUR COMMON STOCK COULD DROP SIGNIFICANTLY IF LARGE BLOCKS
OF OUR COMMON STOCK ARE SOLD IN THE PUBLIC MARKET

         The market price of our common stock could drop significantly if the
holders of shares of common stock which are available for resale in the public
market sell, or are perceived by the market as



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intending to sell, large blocks of shares. Currently, we have 1,200,894 shares
of common stock outstanding. Of these shares, approximately 899,888 are
available for resale in the public market without restriction. The remaining
301,006 outstanding shares represent shares held by affiliates and shares that
are restricted under the federal securities laws.

GOVERNMENT REGULATION MAY HAVE AN ADVERSE EFFECT ON OUR PROFITABILITY AND
GROWTH

         Bank holding companies and banks are subject to extensive state and
federal government supervision and regulation. Changes in state and federal
banking laws and regulations or in federal monetary policies could adversely
affect our ability to maintain profitability and continue to grow. For example,
new legislation or regulation could limit the manner in which we may conduct
our business, including our ability to offer new products, obtain financing,
attract deposits, make loans and achieve satisfactory interest spreads. Many of
these regulations are intended to protect depositors, the public and the FDIC,
not shareholders. In addition, the burden imposed by federal and state
regulations may place us at a competitive disadvantage compared to competitors
who are less regulated. The laws, regulations, interpretations and enforcement
policies that apply to us have been subject to significant, and sometimes
retroactively applied, changes in recent years, and may change significantly in
the future. Future legislation or government policy may also adversely affect
the banking industry or our operations. See "Supervision and Regulation".

IF WE RAISE ADDITIONAL CAPITAL BY ISSUING MORE SHARES OF COMMON STOCK, YOUR
OWNERSHIP INTEREST MAY BE DILUTED

         The issuance of additional shares of our common stock could dilute
your ownership interest in Community Financial. Our Board of Directors may
elect to obtain additional capital by issuing additional shares of common stock
or other securities. We may issue additional shares at prices or on terms less
favorable than or equal to the price and terms on which any particular
shareholder may have invested.



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