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SEC Comment Letter for TRANSCOMMUNITY FINANCIAL CORP (CIK 0001140249) — Jun 27, 2005

TRANSCOMMUNITY FINANCIAL CORP (CIK 0001140249)
Date: June 27, 2005 · CIK: 0001140249 · Accession: 0000000000-05-032702

AI Filing Summary & Sentiment

Date
June 27, 2005
Author
Angela Jackson
Form
UPLOAD
Company
TRANSCOMMUNITY FINANCIAL CORP (CIK 0001140249)

Letter

June 27, 2005 By U.S. Mail and facsimile to (804) 934-9299 Mr. William C. Wiley Chief Executive Officer TransCommunity Financial Corporation 4235 Innslake Drive Glen Allen, Virginia 23060

Re: TransCommunity Financial Corporation Form 8-K filed May 12, 2005 File No. 0-33355

Dear Mr. Wiley:

We have reviewed your filing and have the following comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with more information so we may better understand your disclosure. After reviewing this information, we may raise additional comments.

Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.

1. Please tell us if your certifying officers have considered the effect of the error on the adequacy of your disclosure controls and procedures as of the end of the period covered by your Form 10- KSB/A for the year ended December 31, 2004. Additionally, tell us what effect the error had on your current evaluation of disclosure controls and procedures as of the quarter ended March 31, 2005.

As appropriate, please amend your filing and respond to these comments within five business days or tell us when you will provide us with a response. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments.

We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings reviewed by the staff to be certain that they have provided all information investors require. Since the company and its management are in possession of all facts relating to a company`s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made.

In connection with responding to our comments, please provide, in writing, a statement from the company acknowledging that

* the company is responsible for the adequacy and accuracy of the disclosure in the filings; * staff comments or changes to disclosure in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing; and * the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in our review of your filing or in response to our comments on your filing.

You may direct any questions regarding this comment to me at (202) 551-3426.

Sincerely,
Angela Jackson
Staff Accountant

Show Raw Text
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Mail Stop 4561

								June 27, 2005

By U.S. Mail and facsimile to (804) 934-9299

Mr. William C. Wiley
Chief Executive Officer
TransCommunity Financial Corporation
4235 Innslake Drive
Glen Allen, Virginia 23060

Re: 	TransCommunity Financial Corporation
      	Form 8-K filed May 12, 2005
      	File No. 0-33355

Dear Mr. Wiley:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with more
information so we may better understand your disclosure.  After
reviewing this information, we may raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

1. Please tell us if your certifying officers have considered the
effect of the error on the adequacy of your disclosure controls
and
procedures as of the end of the period covered by your Form 10-
KSB/A
for the year ended December 31, 2004. Additionally, tell us what
effect the error had on your current evaluation of disclosure
controls and procedures as of the quarter ended March 31, 2005.

       As appropriate, please amend your filing and respond to
these
comments within five business days or tell us when you will
provide
us with a response.  You may wish to provide us with marked copies
of
the amendment to expedite our review.  Please furnish a cover
letter
with your amendment that keys your responses to our comments and
provides any requested information.  Detailed cover letters
greatly
facilitate our review.  Please understand that we may have
additional
comments after reviewing your amendment and responses to our
comments.

   We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filings reviewed by the staff to
be
certain that they have provided all information investors require.
Since the company and its management are in possession of all
facts
relating to a company`s disclosure, they are responsible for the
accuracy and adequacy of the disclosures they have made.

   In connection with responding to our comments, please provide,
in
writing, a statement from the company acknowledging that

* the company is responsible for the adequacy and accuracy of the
disclosure in the filings;
* staff comments or changes to disclosure in response to staff
comments in the filings reviewed by the staff do not foreclose the
Commission from taking any action with respect to the filing; and
* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

   In addition, please be advised that the Division of Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.

You may direct any questions regarding this comment to me at (202)
551-3426.

								Sincerely,

								Angela Jackson
								Staff Accountant

??

(..continued)

Mr. William C. Wiley
TransCommunity Financial Corporation
Page 1

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