FOR IMMEDIATE RELEASE                          FOR FURTHER INFORMATION
                                               CONTACT:
                                               William M. Tandy,
                                               President & CEO
                                               (270) 326-3500




                          COMMUNITY FIRST BANCORP, INC.
                             EXTENDS OFFERING PERIOD



     Madisonville,  KY, February 1, 2007 - Community First Bancorp, Inc. (OTCBB:
CFBC),  the holding  company for Community First Bank,  Madisonville,  Kentucky,
today  announced  that it was  extending  the  deadline  for the  submission  of
subscription  orders in its rights  offering  until 5:00 p.m.,  Central Time, on
March 9, 2007.