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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)
June 18, 1999
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)
615/271-2025
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
Community Financial Group, Inc. (NASDAQ: CFGI), parent company of The Bank of
Nashville, announced the completion of the acquisition by The Bank of Nashville
of the majority interest in Machinery Leasing Company of North America, Inc. The
company will operate under the name BON Leasing.
Exhibit 99.1: Copy of press release dated June 18, 1999 regarding this
acquisition.
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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: June 24, 1999 /s/ Mack S. Linebaugh, Jr.
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Mack S. Linebaugh, Jr.
Chairman, President
and Chief Executive Officer
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Exhibit 99.1: Press release dated June 18, 1999.
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EXHIBIT 99.1
(THE BANK OF NASHVILLE LETTERHEAD)
THE BANK OF NASHVILLE ANNOUNCES
COMPLETION OF MACHINERY LEASING COMPANY
OF NORTH AMERICA, INC. TRANSACTION
FOR IMMEDIATE RELEASE
CNTACT: Anne B. Livingston (615) 271-2049
NASHVILLE, TENN., June 18, 1999--The Bank of Nashville today announced
the completion of the acquisition of the majority interest in Machinery Leasing
Company of North America, Inc. The company will operate under the name BON
Leasing in the future.
"We are extremely pleased to be able to offer leasing as a financing
option to our customers," said Mack S. Linebaugh, Jr., President and CEO of The
Bank of Nashville. "We believe that this investment will provide an excellent
profit opportunity for The Bank as well as another opportunity for our customers
to centralize their banking and financial services needs," concluded Linebaugh.
BON Leasing will continue to be headquartered in Nashville with
operations throughout the south and mid-west. BON Leasing has primarily leased
heavy manufacturing equipment, but will likely expand the types of equipment
leasing offered.
"We are pleased with our company's growth in recent years, however due
to lack of capital we have missed opportunities, " said Rick Wilson, Executive
Vice President of BON Leasing. " Our new affiliation with The Bank of Nashville
will provide opportunities for further growth of the company. In turn, we will
provide The Bank with immediate revenue and a new financing option for their
customers. It is a win-win for everyone," concluded Wilson.
The Bank of Nashville is a wholly owned subsidiary of Community
Financial Group, Inc., (NASDAQ: CFGI) a bank holding company with assets of
approximately $250 million headquartered in Nashville, Tennessee. The Bank of
Nashville operates branch offices in Davidson, Williamson and Sumner counties.
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