Attached files
Exhibit 5
LUSE GORMAN, PC
ATTORNEYS AT LAW
5335 Wisconsin Avenue, NW, Suite 780
Washington, D.C. 20015
Telephone (202) 274-2000
Facsimile (202) 362-2902
www.luselaw.com
WRITERS DIRECT DIAL NUMBER
(202) 274-2000
December 12, 2016
Board of Directors
Community First Bancshares, Inc.
3175 Highway 278
Covington, Georgia 30014
Re: | Community First Bancshares, Inc. |
Common Stock, Par Value $0.01 Per Share
Members of the Board:
You have requested the opinion of this firm as to certain matters in connection with the offer and sale (the Offering) of shares of common stock, par value $0.01 per share (Common Stock), of Community First Bancshares, Inc. (the Company). We have reviewed the Companys proposed Charter, Registration Statement on Form S-1 (the Form S-1), as well as applicable statutes and regulations governing the Company and the offer and sale of the shares of Common Stock.
We are of the opinion that upon the declaration of effectiveness of the Form S-1, the incorporation of the Company and the due adoption by the Board of Directors of the Company (or authorized committee thereof) of a resolution fixing the number of shares of Common Stock to be sold in the Offering, the shares of Common Stock, when issued and sold in the manner described in the Form S-1, will be validly issued, fully paid and non-assessable.
We hereby consent to our firm being referenced under the caption Legal and Tax Matters and to the filing of this opinion as an exhibit to the Form S-1.
Very truly yours, |
/s/ Luse Gorman, PC |
LUSE GORMAN, PC |