COMMUNITY FINANCIAL GROUP INC
8-K, 1999-05-06
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, 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 formation of TBON-Mooreland Joint Venture, LLC, a joint
venture of The Bank of Nashville and Mooreland Title Company, LLC.

Exhibit 99.1: Copy of press release dated April 9, 1999 regarding this joint
venture.


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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: May 5, 1999                  /s/ Mack S. Linebaugh, Jr.
     ---------------               --------------------------------------
                                   Mack S. Linebaugh, Jr.
                                   Chairman, President
                                   and Chief Executive Officer



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                         COMMUNITY FINANCIAL GROUP, INC.

Exhibit 99.1:   Press release dated April 9, 1999.





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                              THE BANK OF NASHVILLE
                            FORMS JOINT VENTURE WITH
                          MOORELAND TITLE COMPANY, LLC

FOR IMMEDIATE RELEASE
CONTACT:    ANNE B. LIVINGSTON
            (615) 271-2049

     NASHVILLE, Tenn., April 9, 1999--Mack S. Linebaugh, Jr., President and
CEO of The Bank of Nashville, today announced the formation of TBON-Mooreland
Joint Venture, LLC, a joint venture of The Bank and Mooreland Title Company,
LLC. The new company will be based in Brentwood, Tennessee and will provide
title services from within the offices of Mooreland Title Company.

     "We are extremely pleased to have the opportunity to work with Kirk Waite,
president of Mooreland Title Company, and his staff," said Linebaugh. "Our new
company will have the ability to underwrite title insurance for most of The
Bank's real estate loan transactions. In addition to reducing The Bank's cost of
title insurance on some loans, it will also provide an additional source of fee
income," concluded Linebaugh.

     TBON-Mooreland Joint Venture, LLC has been approved by the TN Department
of Financial Institutions and will begin operations immediately.

     The Bank of Nashville is a wholly owned subsidiary of Community Financial
Group, Inc. (NASDAQ: CFGI), a bank holding company headquartered in Nashville,
Tennessee with assets of approximately $240 million. The Bank has offices
located in Davidson and Williamson Counties with its Sumner County office to
open in early May.






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