8-K

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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 2, 1998


                         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



Mack S. Linebaugh, Jr., President and CEO, announced the election of David M.
Resha to the Board of Directors of Community Financial Group, Inc. and its
wholly owned subsidiary, The Bank of Nashville. Mr. Resha currently serves as
Chief Operating Officer of Sirrom Capital Corporation.

Exhibit:       Copy of press release dated March 2, 1998 announcing election of
               David M. Resha to the CFGI Board of Directors.



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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: 4-8-98                                   /s/ Mack S. Linebaugh, Jr.
                                              ---------------------------------
                                              Mack S. Linebaugh, Jr.
                                              Chairman, President
                                              and Chief Executive Officer

EX-99

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                                                                      Exhibit 99




                              DAVID M. RESHA JOINS
                            THE BOARD OF DIRECTORS OF
                         COMMUNITY FINANCIAL GROUP, INC.



FOR:      IMMEDIATE RELEASE
CONTACT:  ANNE BANNISTER
          (615) 271-2049

         NASHVILLE, Tenn., March 2, 1998--David M. Resha, Chief Operating 
Officer of Sirrom Capital Corporation, has been elected to the Board of
Directors of Community Financial Group, Inc. (NASDAQ: CFGI), and its subsidiary,
The Bank of Nashville, according to Mack S. Linebaugh, Jr., President & CEO.

         Resha joined Sirrom Capital in July 1995 and is responsible for the
day-to-day operations of the company. Prior to joining Sirrom, Resha was Senior
Vice President at First Union National Bank of Tennessee.

         "We are very pleased to have David join us," said Linebaugh.  
"With his 25 years of banking experience, he will be an asset to our board."

         A graduate of Loyola University, Resha also holds a Master of
International Management from American (Thunderbird) Graduate School.

         The Board of Directors of Community Financial Group, Inc. totals nine
members.

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