UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) January 15, 2002
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CAVALRY BANCORP, INC.
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(exact name of registrant as specified in its charter)
Tennessee 0-23605 62-1721072
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
114 West College Street, Murfreesboro, Tennessee 37130
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including are code (615) 893-1234
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Not Applicable
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(Former name or former address, if changed since last report)
Item 9 Regulation FD Disclosure
Cavalry Bancorp, Inc. announced the acquisition of 100 percent of the issued and
outstanding stock of Miller & Loughry Insurance and Services, Inc., a locally
owned and operated, general insurance agency on January 4, 2002.
The press release concerning the announcement of this event is incorporated
herein by reference and is included as Exhibit 99(a) to this Form 8-K.
Item 7. Exhibits
99. Exhibits
(a) Press Release of the Company Dated January 13, 2002
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.
CAVALRY BANCORP, INC.
Date: January 15, 2002 By: /s/Ed C. Loughry, Jr.
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Ed C. Loughry, Jr.
President and Chief Executive
Officer
Date: January 15, 2002 By: /s/Hillard C. Gardner
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Hillard C. Gardner
Senior Vice President and
Chief Financial Officer
1
EXHIBIT 99(a) Press Release
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***FOR IMMEDIATE RELEASE***
Contact:
William S. Jones
Senior Vice President
And Chief Administrative Officer
615/849-2272
CAVALRY BANKING ANNOUNCES NEW INSURANCE DIVISION
Murfreesboro, Tennessee (JANUARY 13, 2002)---Cavalry Bancorp, Inc. (NASDAQ:CAVB)
today announced a new division that will include insurance and human resources
services. Miller & Loughry Insurance and Services, Inc. has been purchased, and
will retain the name as a Division of Cavalry Banking.
Ronnie Knight, President and Chief Operating Officer of Cavalry Banking, said,
"We are excited about our expansion into insurance services. Our new insurance
division will diversify Cavalry Banking's efforts to provide our customers with
one-stop financial services, and is consistent with our philosophy of doing
business with local people we have known for years and have trust in their
abilities."
Miller & Loughry Insurance and Services, Inc., has been located in Murfreesboro,
Tennessee since 1949. It is one of the oldest and largest independent insurance
agencies in Rutherford County. In addition to offering a full array of insurance
products and services, the firm will continue to provide Human Resource services
to small businesses, including recruiting, training programs, assistance in
government compliance such as the Drug Free Workplace, consulting and much more.
The firm's fully licensed and experienced staff is available to meet the needs
of its customers by providing highly personalized and hands-on claim services,
24 hours a day, 7 days a week. Insurance services will include both business,
personal life and employee benefits for groups and individuals.
Edward E. Miller, III, Chairman of Miller & Loughry, stated, "Being a part of
the Cavalry Banking team will provide us access to more resources that will help
us better serve our clients. We look forward to expanding the insurance services
and other products we provide to customers in the communities where Cavalry
Banking is located."
William S. Jones, Executive Vice President of Cavalry Banking, went on to say,
"The acquisition of Miller & Loughry Insurance and Services, Inc. should be a
positive contributor to earnings this fiscal year. Cavalry Banking continues to
achieve solid financial results and operates in a sound financial condition, and
we believe this division will help deliver increased long-term returns to our
stockholders. We remain very optimistic about the future for Cavalry Banking."
The insurance division of Cavalry Banking will temporarily remain in it's
current office at 301 West Main Street, Murfreesboro Tennessee. Construction has
begun on offices on the first floor of the bank's financial center in
Murfreesboro, where the insurance division will be housed in early spring.
With assets in excess of $400 million, Cavalry Bancorp, the parent of Cavalry
Banking, is a community-oriented financial institution operating nine offices in
Central Tennessee.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:
The statements contained in this release which are not historical facts contain
forward looking information with respect to plans, projections or future
performance of the Company, the occurrence of which involve certain risks and
uncertainties detailed in the Company's filings with the Securities and Exchange
Commission.