CAVB Cavalry Bancorp (MM)

Cavalry Bancorp, Inc. (NASDAQ: CAVB) today announced that its Board of Directors has approved a 14.28 percent increase in its quarterly cash dividend from $0.07 to $0.08 per share. The dividend is payable October 14, 2005, to shareholders of record on September 30, 2005. The quarterly amount is equivalent to an annualized rate of $0.32 per share. Cavalry Board Chairman and CEO Ed C. Loughry, Jr. stated that the Board continues to believe that shareholders should benefit from Cavalry's continued success through a healthy dividend. Cavalry Bancorp is the parent of Cavalry Banking, a community-oriented financial institution operating nine retail offices in Rutherford and Bedford Counties in Central Tennessee.