[Stegman & Company Letterhead]

                         CONSENT OF INDEPENDENT AUDITORS






Board of Directors
Tri-County Financial Corporation
3035 Leonardtown Road
Waldorf, Maryland  20604

Re:      Tri-County Financial Corporation
         1995 Stock Option Plan for Non-Employee Directors, as amended
         Registration Statement on Form S-8


     We  hereby  consent  to the  incorporation  by  reference  in this Form S-8
Registration  Statement of Tri-County Financial  Corporation of our report dated
February 15, 2001,  relating to the  consolidated  balance  sheets of Tri-County
Financial  Corporation  as of  December  31,  2000  and  1999,  and the  related
consolidated  statements  of income,  changes in  stockholders'  equity and cash
flows for each of the three years in the period ended  December 31, 2000,  which
report was included in the  Tri-County  Financial  Corporation  Annual Report on
Form 10-K for the fiscal year ended  December 31, 2000,  and to the reference of
our Firm under the caption "Experts" in the Prospectus.




                                                      /s/ Stegman & Company

September 28, 2001