# EDGAR Filing Document

**Accession Number:** 0001725262
**File Stem:** 0000000000-25-007279
**Filing Date:** 2025-7
**Character Count:** 7192
**Document Hash:** f50ec94b81a1b4c0d7b293cf333b5f3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007279.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0000000000-25-007279

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250710

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tri-County Financial Group, Inc.
- **CENTRAL INDEX KEY:** 0001725262
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 363412522
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-288087

**BUSINESS ADDRESS:**
- **STREET 1:** 706 WASHINGTON STREET
- **CITY:** MENDOTA
- **STATE:** IL
- **ZIP:** 61342
- **BUSINESS PHONE:** 815-538-2265

**MAIL ADDRESS:**
- **STREET 1:** 706 WASHINGTON STREET
- **CITY:** MENDOTA
- **STATE:** IL
- **ZIP:** 61342
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001641172-25-015271

## Text-Extract

```

                                                             July 10, 2025

Timothy McConville
President and Chief Executive Officer
Tri-County Financial Group, Inc.
706 Washington Street
Mendota, IL 61342

       Re: Tri-County Financial Group, Inc.
           Registration Statement on Form S-1
           Filed June 16, 2025
           File No. 333-288087
Dear Timothy McConville:

       We have reviewed your registration statement and have the following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Registration Statement on Form S-1
General

1.     We note disclosure on page 46 that appears to indicate that you have
elected to use
       the extended transition period for complying with new or revised
accounting
       standards. If true, please do not check the box on the facing page
related to this
       election. Otherwise, please revise to clarify your disclosure regarding
this election.
Summary, page 3

2.     In the first sentence, please remove the reference to the summary not
being
       "complete."
The Selling Shareholder, page 3

3.     We note from the final sentence that there were amendments to the Rights
Agreement.
       Please file these amendments as Exhibits.
 July 10, 2025
Page 2

Our loan portfolio has a large concentration of real estate loans, which
involve risks specific
to real estate value, page 8

4.     Please disaggregate the $1.1 billion and 87.6% figures in this risk
factor to identify the
       dollar amount and percentage of your loan portfolio represented by each
type of your
       real estate lending.
The Company's loan portfolio has a large concentration of commercial real
estate loans...,
page 10

5.     Revise this risk factor to include a discussion of how your commercial
real estate
       portfolio has performed in recent periods, including identifying the
amounts and
       percentage that are considered to be non-performing loans at December
31, 2024 and
       your most recent interim period.
Critical Accounting Policies - Goodwill, page 46

6.     We note disclosure that you perform internal qualitative evaluations and
annual third
       party valuations to test whether the fair value of the reporting unit
exceeds its carrying
       value for your goodwill recorded at FSM. To the extent that a known
uncertainty such
       as a possible goodwill impairment is reasonably likely to occur and
would have a
       material effect on your results of operations, please revise to provide
appropriate
       information for investors. For example, consider disclosing the
following information:
           the results of your qualitative assessment;
           the percentage by which the fair value exceeded the carrying value
in your
           quantitative assessment;
           a description of the methods and key assumptions used in determining
the fair
           value of the reporting unit and how the key assumptions were
determined;
           a discussion of the degree of uncertainty associated with the key
assumptions. The
           discussion regarding uncertainty should provide specifics to the
extent possible
           (e.g., the valuation model assumes recovery from a business downturn
within a
           defined period of time); and
           a description of potential events and/or changes in circumstances
that could
           reasonably be expected to negatively affect the key assumptions.
Security Ownership..., page 91

7.     Reference is made to footnote 2 of the ownership table on page 92.
Please name the
       "managing principals of Castle Creek   s general partner."
Sole and Exclusive Forum, page 95

8.     We note that Article X, Section 1 indicates that the federal district
courts of the United
       States of America are the sole and exclusive forum for claims arising
out of the
       Securities Act of 1933 unless the Corporation consents to an alternative
forum. Please
       revise your disclosure.
 July 10, 2025
Page 3
Note (15) Deposits, page F-45

9.     Noting your disclosure on page 60 that you have collateralized public
deposits, please
       revise your financial statement notes to disclose the amount of
securities, mortgage
       loans, or other financial instruments that serve as collateral for
deposits. Refer to ASC
       942-405-50-1.b for guidance.
Exhibits

10.    It appears that your Exhibit Index indicates that the "Registration
Rights Agreement"
       is filed as Exhibit 10.1, but is included as Exhibit 10.2. In addition,
you refer to Item
       10.2 as the "Securities Purchase Agreement" and use that term throughout
the
       Registration Statement, while Exhibit 10.1 is your "Stock Purchase
Agreement."
       Please review your exhibits and the Exhibit Index to ensure that all
items are
       properly labeled.

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Michael Volley at 202-551-3437 or Robert Klein at
202-551-3847 if
you have questions regarding comments on the financial statements and related
matters. Please contact Eric Envall at 202-551-3234 or Todd Schiffman at
202-551-3491 with
any other questions.

                                                              Sincerely,

                                                              Division of
Corporation Finance
                                                              Office of Finance

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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