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 14, 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 Ladies:

     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 277,725
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
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                                           MALIZIA SPIDI & FISCH, PC