COMMUNITY FINANCIAL GROUP INC
8-K, 1997-04-25
STATE COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                      The Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)

                                 April 9, 1997



                        COMMUNITY FINANCIAL GROUP, INC.
             (Exact name of registrant as specified in its charter)

                                   Tennessee
                 (State or other jurisdiction of incorporation)

               0-28496                                 62-1626938
        (Commission File No.)           (IRS Employer Identification No.)

401 Church Street, Nashville, Tennessee 37219
(Address of principal executive offices)

615/271-2000
(Registrant's telephone number, including area code)

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ITEM 5.                  OTHER EVENTS

Mack S. Linebaugh, Jr., President and CEO, announced the promotion of T. Wayne
Hood to Senior Vice President of Community Financial Group, Inc. and Senior
Vice President/ General Counsel and Senior Trust Officer of the Company's
wholly owned subsidiary, The Bank of Nashville. Mr. Hood joined The Bank in
1993 as Vice President - Legal and Compliance Officer.

Exhibit: 99 Copy of press release dated April 9, 1997 announcing promotion 
            of T. Wayne Hood to Senior Vice President.


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                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                            COMMUNITY FINANCIAL GROUP, INC.

Date:   4/24/97             /s/ Mack S. Linebaugh, Jr.
                            Mack S. Linebaugh, Jr.
                            Chairman, President 
                            and Chief Executive Officer



<PAGE>   1

                                                                     EXHIBIT 99

                   THE BANK OF NASHVILLE ANNOUNCES PROMOTION

         NASHVILLE, Tenn., April 9, 1997--T. Wayne Hood has been promoted to
senior vice president, general counsel and senior trust officer at The Bank of
Nashville (NASDAQ: CFGI) according to Mack. S. Linebaugh, Jr., president and
CEO of The Bank of Nashville.

         "I believe Wayne's experience in all areas of The Bank will assist him
in building a solid base of referrals from the commercial side of The Bank and
in turn better serve our clients," said Linebaugh.

         Hood joined The Bank in 1993 as vice president-legal, having
previously served as associate counsel and compliance officer for Great Western
Consumer Finance Group and former legal officer and consumer compliance officer
for National Bank of Commerce in Memphis. At The Bank of Nashville Hood has
served as in-house legal counsel and compliance officer. His responsibilities
included coordinating litigation handled by outside counsel, reviewing all loan
documentation and monitoring The Bank's compliance with applicable federal and
state regulations.

         Hood is a magna cum laude graduate of Harding University and a
graduate of the University of Mississippi School of Law. Hood, his wife
Kimberly, and their two daughters live in Franklin.



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