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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">WASHINGTON,
D.C. 20549</font></div>
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        <hr style="COLOR: black" align="left" noshade size="1" width="100%">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">PURSUANT
TO SECTION 13 OR 15(D) OF THE</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">SECURITIES
EXCHANGE ACT OF 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>&#160;</div>
    <div align="center">
      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td width="50%" style="PADDING-BOTTOM: 2px"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Date of Report (Date
      of earliest event reported):&#160;</font></td>
            <td width="50%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">March
      21, <font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">2008</font></font></td>
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      </table>
    </div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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PATRIOT FINANCIAL GROUP, INC.</font></font></div>
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Name of Registrant as Specified in Charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>&#160;</div>
    <div align="center">
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            <td width="40%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Tennessee</font></td>
            <td width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">000-50771</font></td>
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            <td width="42%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">(State or Other
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            <td width="27%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;
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            <td width="42%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">InCompany or
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      Number)&#160;&#160;&#160;&#160;&#160;&#160;</font></td>
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      Number)</font></td>
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              <td width="67%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">3095 East Andrew Johnson
      Highway, Greeneville, Tennessee&#160;</font></font></td>
              <td width="33%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">37745</font></td>
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              <td width="4%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="62%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">(Address of
      Principal Executive Offices)&#160;&#160;&#160;&#160;</font></td>
              <td width="34%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">(Zip
  Code)</font></td>
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      <div>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div>&#160;</div>
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              <td width="46%" style="PADDING-BOTTOM: 2px"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Registrant&#8217;s
      telephone number, including area code:&#160;&#160;&#160;&#160;</font></td>
              <td width="54%" style="BORDER-BOTTOM: black 2px solid"><font style="FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">(423)
      636-1555</font></td>
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&#160;<font style="FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: none"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: none">N/A</font>&#160;&#160;&#160;&#160;&#160;</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman"><font style="FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: none">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(Former Name or Former Address, if Changed Since Last Report)</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Check the
appropriate box if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>&#160;</div>
    <div align="center">
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            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">[&#160;&#160;]
      </font></td>
            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></td>
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          <tr>
            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
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          <tr>
            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">[&#160;&#160;]</font></td>
            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Soliciting material
      pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)</font></td>
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          <tr>
            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">[&#160;&#160;]
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            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></td>
          </tr>
          <tr>
            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">[&#160;&#160;]
      </font></td>
            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17
      CFR.13e-4(c))</font></td>
          </tr>
          <tr>
            <td width="3%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td width="97%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
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    </div>
    <div>&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 468pt"></font><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div style="WIDTH: 100%" align="left">
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          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        </div>
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
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        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
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    <div>&#160;</div>
    <div align="center">
      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td width="12%"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      5.02&#160;&#160;&#160;</font></font></td>
            <td width="88%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="FONT-SIZE: 11pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">Departure
      of Directors or Principal Officers; Election of Directors; Appointment of
      Principal Officers</font></font></font></td>
          </tr>
      </table>
    </div>
    <div>&#160;</div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">The Board of Directors of
American Patriot Financial Group, Inc. (the &#8220;Company&#8221;) has appointed T. Don
Waddell, CPA to serve as Senior Vice President, Interim Chief Financial Officer
and Interim Secretary of the Company, effective March 21, 2008.&#160;&#160;The
Board of Directors of the Company&#8217;s subsidiary, American Patriot Bank (the
&#8220;Bank&#8221;), has appointed Mr. Waddell to serve as Senior Vice President, Interim
Chief Financial Officer and Interim Secretary of the Bank, effective March 21,
2008.&#160;&#160;Mr. Waddell will replace Sharon W. Elkins, the current Chief
Financial Officer and Secretary of both the Company and the Bank.&#160;&#160;Ms.
Elkins has resigned from her positions at the Company and the Bank, effective
March 21, 2008.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">Mr.&#160;&#160;Waddell
served as the Chief Financial Officer and Secretary of the Bank and the Company
since each entity was formed in 2001 and 2003 respectively, until January 1,
2008.&#160;&#160;Prior to joining the Bank, Mr. Waddell was a Certified Public
Accountant in private practice and was the Chief Financial Officer of Greene
County Bancshares, Inc., Greeneville, Tennessee, for eight years. Mr. Waddell
received his undergraduate degree from East Tennessee State University in
1973.&#160;&#160;Pursuant to the terms of his employment arrangement, Mr.
Waddell receives a base salary of $78,285, and is eligble for a
bonus.</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div style="WIDTH: 100%" align="left">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        </div>
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
      <div>
        <table border="0" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">AMERICAN
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[{"type": "8-K", "sequence": "1", "filename": "americanpatriot8kmarch2008.htm", "description": "AMERICAN PATRIOT 8-K MARCH 21, 2008", "secsgml_size_bytes": 28661}]
{"company-data": {"conformed-name": "American Patriot Financial Group, Inc.", "cik": "0001290505", "assigned-sic": "6035", "irs-number": "200307691", "state-of-incorporation": "TN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50771", "film-number": "08709265"}, "business-address": {"street1": "3095 E.ANDREW JOHNSON HWY", "city": "GREENEVILLE", "state": "TN", "zip": "37745", "phone": "423-636-1555"}, "mail-address": {"street1": "3095 E.ANDREW JOHNSON HWY", "city": "GREENEVILLE", "state": "TN", "zip": "37745"}, "former-company": {"former-conformed-name": "BG Financial Group, Inc.", "date-changed": "20040517"}}
americanpatriot8kmarch2008.htm
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
      21,
2008
AMERICAN
PATRIOT FINANCIAL GROUP, INC.
(Exact
Name of Registrant as Specified in Charter)
Tennessee
000-50771
20-0307691
(State or Other
      Jurisdiction of
(Commission
(I.R.S. Employer
InCompany or
      Organization)
File
      Number)
Identification
      Number)
3095 East Andrew Johnson
      Highway, Greeneville, Tennessee
37745
(Address of
      Principal Executive Offices)
(Zip
  Code)
Registrant's
      telephone number, including area code:
(423)
      636-1555
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the
appropriate box if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:
[  ]
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
[  ]
Soliciting material
      pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)
[  ]
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
[  ]
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17
      CFR.13e-4(c))
Item
      5.02
Departure
      of Directors or Principal Officers; Election of Directors; Appointment of
      Principal Officers
The Board of Directors of
American Patriot Financial Group, Inc. (the "Company") has appointed T. Don
Waddell, CPA to serve as Senior Vice President, Interim Chief Financial Officer
and Interim Secretary of the Company, effective March 21, 2008.  The
Board of Directors of the Company's subsidiary, American Patriot Bank (the
"Bank"), has appointed Mr. Waddell to serve as Senior Vice President, Interim
Chief Financial Officer and Interim Secretary of the Bank, effective March 21,
2008.  Mr. Waddell will replace Sharon W. Elkins, the current Chief
Financial Officer and Secretary of both the Company and the Bank.  Ms.
Elkins has resigned from her positions at the Company and the Bank, effective
March 21, 2008.
Mr.  Waddell
served as the Chief Financial Officer and Secretary of the Bank and the Company
since each entity was formed in 2001 and 2003 respectively, until January 1,
2008.  Prior to joining the Bank, Mr. Waddell was a Certified Public
Accountant in private practice and was the Chief Financial Officer of Greene
County Bancshares, Inc., Greeneville, Tennessee, for eight years. Mr. Waddell
received his undergraduate degree from East Tennessee State University in
1973.  Pursuant to the terms of his employment arrangement, Mr.
Waddell receives a base salary of $78,285, and is eligble for a
bonus.
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.
AMERICAN
      PATRIOT  FINANCIAL GROUP, INC.
Dated: 
      March 25, 2008
By:
/s/ Jerry
      Simmerly
Name:
Jerry
      Simmerly
Title:
Chief
      Executive Officer