UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
________________________

FORM 4 - Statement of Changes in Beneficial Ownership

Filed Pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940

________________________

1. Name and Address of Reporting Person Galli, Attilio F. Community Financial Group, Inc. Post Office Box 198986 Nashville, TN  37219	2. Issuer Name and Ticker or Trading  Symbol Community Financial Group, Inc. (CFGI)		6. Relationship of Reporting Person(s) to     Issuer (Check all applicable) [ ]   Director                     [ ] 10% Owner [X] Officer                       [ ]  Other        (give title below)          (specify below)              Executive Vice President
	3. IRS Identification     Number of Reporting     Person, if an entity     (Voluntary) ###-##-####	4. Statement for Month/      Year             May 2002 _________________ 5. If Amendment, Date of Original (month/year)	7. Individual or Joint/Group Filing     (check applicable line) [x] Form filed by One Reporting Person [ ]  Form filed by More than One       Reporting Person

TABLE 1 - Non- Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of     Security	2. Transaction      Date      (M/D/Y)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of     (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)	6. Ownership Form; Direct (D) or Indirect (I) (Instr. 4)	7. Nature of     Indirect     Beneficial     Ownership
		Code	V	Amount	(A) or (D)	Price
Beginning Balance							172.741
CFGI - Common	4/30/02	M		500	A	13.89	500	D
CFGI - Common	4/30/02	M		10,000	A	12.60	10,000	D
Ending Balance							10,672.741

TABLE II - Non- Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of     Security

2. Con- version or Exercise Price of Derivative Security

3. Trans- action     Date     (M/D/Y)

4. Trans- action Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

6. Date Exercisable and Expiration Date (month/ day/year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

10. Owner- ship Form of Derivative Security Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

CFGI

13.89

4/30/02

M

2,500

6/19/01

6/19/11

Common

500

2,000

D

CFGI

12.60

4/30/02

M

25,000

8/21/01

8/21/11

Common

10,000

15,000

D

            /s/ Attilio F. Galli                                                                             April 30, 2002      
        Signature of Reporting Person                                                                 Date