MALIZIA SPIDI & FISCH, PC
                                ATTORNEYS AT LAW

1100 NEW YORK AVENUE, N.W.                                      637 KENNARD ROAD
SUITE 340 WEST                                 STATE COLLEGE, PENNSYLVANIA 16801
WASHINGTON, D.C.  20005                                           (814) 466-6625
(202) 434-4660                                         FACSIMILE: (814) 466-6703
FACSIMILE: (202) 434-4661

May 5, 2003

Board of Directors
Community First Bancorp, Inc.
240 South Main Street
Madisonville, Kentucky  42431

         Re:      Registration Statement Under the Securities Act of 1933
                  -------------------------------------------------------

Gentlemen and Lady:

         This opinion is rendered in connection with the Registration  Statement
on Form SB-2 (the "Form SB-2") filed with the Securities and Exchange Commission
under the Securities Act of 1933 relating to the offer and sale of up to 231,438
shares of common  stock,  par value  $0.01 per share (the  "Common  Stock"),  of
Community  First Bancorp,  Inc., a Maryland  corporation  (the  "Company").  The
Common Stock is proposed to be issued  pursuant to the Plan of  Conversion  (the
"Plan") of  Community  First Bank,  (the "Bank") in  connection  with the Bank's
conversion from a federal mutual savings bank to a federal capital stock savings
bank and  reorganization  into a  wholly-owned  subsidiary  of the Company  (the
"Conversion").  As special counsel to the Bank and the Company, we have reviewed
the corporate proceedings relating to the Plan and the Conversion and such other
legal matters as we have deemed  appropriate  for the purpose of rendering  this
opinion.

         Based on and subject to the  foregoing,  we are of the opinion that the
shares of Common  Stock of the  Company  covered by the  aforesaid  Registration
Statement  will,  when issued in  accordance  with the terms of the Plan against
full payment therefor and upon the declaration of the  effectiveness of the Form
SB-2, be legally issued,  fully paid, and non-assessable  shares of Common Stock
of the Company.

         We assume no  obligation  to advise you of any event that may hereafter
be brought to our attention  that may affect any statement made in the foregoing
paragraph after the declaration of effectiveness of the Form SB-2.

         We hereby  consent to the use of this  opinion and to the  reference to
our  firm  appearing  in  the  Company's  Prospectus  under  the  headings  "The
Conversion - Effects of  Conversion - Tax Effects" and "Legal and Tax  Matters."
We also consent to any references to our legal opinion under the  aforementioned
headings in the Prospectus.

                                                Very truly yours,

                                                /s/MALIZIA SPIDI & FISCH, PC
                                                --------------------------------
                                                MALIZIA SPIDI & FISCH, PC