As filed with the Securities and Exchange Commission on April 27, 2007 Registration No. 333-136417 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------- POST-EFFECTIVE AMENDMENT NO. 1 TO FORM SB-2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 -------------------------- COMMUNITY FIRST BANCORP, INC. ----------------------------- (Name of Small Business Issuer in its charter) MARYLAND 6035 36-4526348 - --------------------------------------------------------------------------------------------------- (State or jurisdiction (Primary standard industrial (I.R.S. employer of incorporation or organization) classification code number) identification number) 2420 NORTH MAIN STREET MADISONVILLE, KENTUCKY 42431 (270) 326-3500 - -------------------------------------------------------------------------------- (Address and telephone number of principal executive offices and principal place of business) WILLIAM M. TANDY, PRESIDENT AND CHIEF EXECUTIVE OFFICER COMMUNITY FIRST BANCORP, INC. 2420 NORTH MAIN STREET MADISONVILLE, KENTUCKY 42431 (270) 326-3500 - -------------------------------------------------------------------------------- (Name, address and telephone number of agent for service) Copies to: JAMES C. STEWART, ESQUIRE MALIZIA SPIDI & FISCH, PC 901 NEW YORK AVENUE, N.W., SUITE 210 EAST WASHINGTON, D.C. 20001 (202) 434-4671 APPROXIMATE DATE OF PROPOSED SALE TO THE PUBLIC: Not applicable. If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] _____________ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] ________ If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] __________ If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. [ ] ================================================================================ DEREGISTRATION OF SECURITIES In accordance with the undertaking set forth in its Registration Statement on Form SB-2 (File No. 333-136417), declared effective by the Commission on December 28, 2006 (the "Registration Statement"), the Registrant is filing this Post-Effective Amendment No. 1 to remove from registration 854,468 shares of its common stock, $.01 par value (the "Common Stock"), that were not sold in the offering covered thereby. II-1 SIGNATURES In accordance with the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form SB-2 and authorized this registration statement to be signed on its behalf by the undersigned, in the City of Madisonville, Commonwealth of Kentucky, on April 27, 2007. COMMUNITY FIRST BANCORP, INC. By: /s/ William M. Tandy ---------------------------------------------- William M. Tandy President and Chief Executive Officer (Duly Authorized Representative) In accordance with the requirements of the Securities Act of 1933, this amended registration statement has been signed by the following persons in the capacities and on the dates stated. Signatures Title Date - ---------- ----- ---- /s/ William M. Tandy President, Chief Executive Officer and Director April 27, 2007 - ----------------------------- (Principal Executive Officer) William M. Tandy - ----------------------------- Director Paul W. Arison /s/ Charlotte E. Baldwin * Director April 27, 2007 - ---------------------------- Charlotte E. Baldwin /s/ Steven E. Carson * Director April 27, 2007 - ---------------------------- Steven E. Carson - ---------------------------- Director Charles G. Ramsey /s/ J. Craig Riddle * Director April 27, 2007 - ---------------------------- J. Craig Riddle /s/ Ralph T. Teague * Director April 27, 2007 - ---------------------------- Ralph T. Teague /s/ Charles B. Vaughn * Director April 27, 2007 - ---------------------------- Charles B. Vaughn /s/ Amy D. Lyons * Vice President April 27, 2007 - ---------------------------- (Principal Financial and Accounting Officer) Amy D. Lyons * By: /s/ William M. Tandy ----------------------------- William M. Tandy Power of Attorney II-2