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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)
March 15, 2000
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
On March 15, 2000, Community Financial Group, Inc. issued the news release
attached hereto as Exhibit 99 to this report (the "News Release"). The News
Release is incorporated herein by reference.
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ITEM 7. EXHIBITS
Additional Exhibits:
Exhibit 99 News Release dated 3/15/00
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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: 3/15/00 /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
THE BANK OF NASHVILLE TO EXPAND LEADERSHIP STRUCTURE
MACK LINEBAUGH CONTINUES AS CHAIRMAN/NEW PRESIDENT TO BE NAMED
FOR IMMEDIATE RELEASE
Contact: Joan B. Marshall (615) 271-2025
Anne B. Livingston (615) 271-2049
NASHVILLE, TENN., March 15, 2000--Steady growth and planned expansion
have prompted Community Financial Group, Inc. (NASDAQ: CFGI), the holding
company that includes The Bank of Nashville, to expand its leadership structure.
Mack S. Linebaugh, Jr., chairman and president of the bank for the past
seven years, today announced that, while he will remain chairman, a new
president will be named.
"During the past seven years, the Bank has experienced exceptional
growth in terms of assets and distribution network. To capitalize on our past
success and take advantage of the growth opportunities before us, we need to add
to our management team by searching internally and externally for a new
president," Linebaugh said.
Since Linebaugh assumed leadership, The Bank of Nashville has doubled
in size and expanded its geographic market from one county to three. It also now
operates three mobile offices that are licensed to serve eight counties.
Community Financial Group, the holding company created in 1996, also has
invested in, or formed joint ventures with, several related financial services
companies.
He added, "I believe it is in the best interest of the Company to
expand our management group. I will be working closely with the Board of
Directors to achieve this goal."
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"While maintaining the character and personal service advantages of a
community bank, we have broadened both the range and scope of our services. The
tremendous response from customers has confirmed community demand for our
services. It also clearly defines future growth opportunities before us,"
Linebaugh said.
The Bank of Nashville is a wholly owned subsidiary of Community
Financial Group, Inc. (NASDA: CFGI), a bank holding company headquartered in
Nashville, Tennessee. The Bank of Nashville operates branch offices in Davidson,
Williamson and Sumner counties.
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To the extent that statements contained herein relate to the plans, objectives
or future performances of the Company, these statements may be deemed to be
forward looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements are based on management's current
expectations and the current economic environment while actual strategies and
results of future periods may differ materially from these expectations due to
various risks and uncertainties.
