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Tennessee-based Community First completes rights offering

As expected,Community First Inc. completedits previously announced rights offering Sept. 27.

The Columbia, Tenn.-based company received subscriptions andover-subscriptions for a total of 40,528 common shares. All subscriptions and over-subscriptionswere accepted, for aggregate gross proceeds to the company of roughly $192,508.

Community First common shares subscribed for in the will be issuedto the participating shareholders as promptly as practicable, according to a Form8-K.