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 December 01, 1998
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Date of earliest event reported November 30, 1998
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CAVALRY BANCORP, INC.
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(exact name of registrant as specified inits charter)
Tennessee 0-23605 62-1721072
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
114 West College Street, Murfreesboro, Tennessee 37130
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (615) 893-1234
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Not Applicable
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(former name or address, if changed since last report)
Item 5. Other Events
Cavlry Bancorp, Inc. announced on November 30, 1998 that it had completed the
ongoing 376,913 share stock repurchase plan authorized and announced
earlier this year. The repurchase was completed by the purchased of 247,013
of its shares (representing approximately 3.3% of the outstanding shares) in
a single transaction from an unaffiliated shareholder. The purchase price was
$24.50 which represents a 14.6% large block premium paid over recent trading
prices.
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 November 30, 1998
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: November 30, 1998 By: /s/Ed C. Loughry, Jr.
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Ed C. Loughry, Jr.
President and Chief Executive
Officer
Date: November 30, 1998 By: /s/Hillard C. Gardner
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Hillard C. Gardner
Senior Vice President and
Chief Financial Officer
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EXHIBIT 99(a) Press Release
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*** FOR IMMEDIATE RELEASE***
Contact:
William S. Jones
Senior Vice President
And Chief Administrative Officer
CAVALRY BANCORP, INC. COMPLETES
PREVIOUSLY ANNOUNCED STOCK REPURCHASE
Murfreesboro, TN - November 30, 1998 - Cavalry Bancorp Inc. (NASDAQ - CAVB)
announces that it has repurchased 247,013 of its shares (representing
approximately 3.3% of the outstanding shares) in a single transaction from an
unaffiliated shareholder. The purchase completes an ongoing 376,913 share
repurchase plan authorized and announced earlier this year. The purchase
price was $24.50 which represents a 14.6% large block premium paid over
recent trading prices.
Cavalry Bancorp, Inc. is the holding company for Cavalry Banking which
conducts its business primarily in Rutherford, Bedford and Williamson
Counties in Central Tennessee.
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