Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
THRIFT GARY V
  2. Issuer Name and Ticker or Trading Symbol
COMMUNITY FIRST BANCORP [CFOK.OB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
PO BOX 2125
3. Date of Earliest Transaction (Month/Day/Year)
06/19/1998
(Street)

SENECA, SC 29679
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option Right to Buy $ 5.1859 06/19/1998   M   7,134   06/19/1998 06/19/2008 Common Stock 7,134 $ 0 23,046 D  
Option Right to Buy $ 11.2128 02/26/1999   M   3,567   02/26/1999 02/26/2009 Common Stock 3,567 $ 0 19,479 D  
Option Right to Buy $ 11.1007 10/16/2000   M   3,243   10/16/2000 10/16/2010 Common Stock 3,243 $ 0 16,236 D  
Option Right to Buy $ 10.6845 12/20/2001   M   3,088   12/20/2001 12/20/2010 Common Stock 3,088 $ 0 13,148 D  
Option Right to Buy $ 11.2187 11/21/2002   M   2,941   11/21/2002 11/21/2012 Common Stock 2,941 $ 0 10,207 D  
Option Right to Buy $ 12.1062 04/28/2004   M   2,801   04/28/2004 04/28/2014 Common Stock 2,801 $ 0 7,406 D  
Option Right to Buy $ 12.7434 04/28/2004   M   2,668   04/28/2004 04/28/2014 Common Stock 2,668 $ 0 4,738 D  
Option Right to Buy $ 15.6669 04/26/2005   M   2,425   04/26/2005 04/26/2015 Common Stock 2,425 $ 0 2,313 D  
Option Right to Buy $ 18.6147 05/18/2006   M   2,313   05/18/2006 05/18/2016 Common Stock 2,313 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
THRIFT GARY V
PO BOX 2125
SENECA, SC 29679
  X      

Signatures

 Gary V. Thrift   12/31/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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