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.


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                                   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



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