Document:

Exhibit 4.1

                             STATE OF SOUTH CAROLINA
                               SECRETARY OF STATE

                              ARTICLES OF AMENDMENT

TYPE OR PRINT CLEARLY IN BLACK INK

Pursuant Section  33-10-106 of the 1976 South Carolina Code of Laws, as amended,
the undersigned  corporation  adopts the following  Articles of Amendment to its
Articles of Incorporation:

1.       The name of the corporation is Community First Bancorporation

2.       Date of Incorporation: May 23, 1997

3.       Agent's Name and Address:  Frederick D.  Shepherd,  Jr. 3685 Blue Ridge
         Boulevard Walhalla, SC 29691

4.       On April 28, 2009, the corporation adopted  the following  Amendment(s)
         of its Articles of Incorporation:  (Type or attach the complete text of
         each Amendment)

         See Attachment A hereto.

5. The  manner,  if not set  forth in the  Amendment,  in  which  any  exchange,
reclassification, or cancellation of issued shares provided for in the Amendment
shall be effected, is as follows: (if not applicable, insert "not applicable" or
"NA").

                                            NA

6. Complete either "a" or "b," whichever is applicable.

a. [ ] Amendment(s) adopted by shareholder action.

          At the date of adoption of the Amendment(s), the number of outstanding
          shares  of  each  voting  group  entitled  to vote  separately  on the
          Amendment(s), and vote of such shares was:

<TABLE>
<CAPTION>
                                Number of              Number of            Number of Votes         Number of Undisputed
         Voting                Outstanding           Votes Entitled         Represented at                 Shares
         Group                   Shares                to be Cast             the Meeting           For    or   Against
         -----                   ------                ----------             -----------           ---------------------

<S>     <C>                    <C>                     <C>                   <C>                    <C>          <C>
</TABLE>

<PAGE>

                                                  Community First Bancorporation
                                                             NAME OF CORPORATION

Note:    Pursuant to Section 33-10-106(6)(i), of the 1976 South Carolina Code of
         Laws, as amended,  the  corporation can  alternatively  state the total
         number of disputed  shares cast for the  amendment by each voting group
         together  with a statement  that the number cast for the  amendment  by
         each voting group was sufficient for approval by that voting group.

b.

          [X]  The Amendment(s)  was duly adopted by the  incorporators or board
               of directors  without  shareholder  approval pursuant to Sections
               33-6-102(d),  33-10-102 and 33-10-105 of the 1976 South  Carolina
               Code  of  Laws,  as  amended,  and  shareholder  action  was  not
               required.

7. Unless a delayed dated is specified,  the effective date of these Articles of
Amendment  shall be the date of acceptance  for filing by the Secretary of State
(See Section 33-1-230(b) of the 1976 South Carolina Code of Laws, as amended)

Date   April 28, 2009
                                     Community First Bancorporation
                                     Name of Corporation

                                     Signature

                                     Frederick D. Shepherd, Jr., President
                                     -------------------------------------------
                                     Type or Print Name and Office

DOM-ARTICLES OF AMENDMENT                       FORM REVISED BY SOUTH CAROLINA
                                                SECRETARY OF STATE, JANUARY 2000

<PAGE>
                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

            FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A
                                       OF
                         COMMUNITY FIRST BANCORPORATION

         Pursuant to the  provisions  of Sections  33-6-102 and 33-10-106 of the
South Carolina Business Corporation Act of 1988, as amended, and the Articles of
Incorporation of Community First Bancorporation (the "Corporation"), a series of
Preferred  Stock,  no par value per share, of the Corporation is hereby created,
and the  designation  and  number of shares of such  series,  and the voting and
other powers, preferences and relative, participating, optional or other rights,
and the qualifications,  limitations and restrictions  thereof, of the shares of
such series, are as follows:

         Section 1. Designation, Number of Shares and Rank.

         (a) There is hereby created out of the  authorized and unissued  shares
of preferred stock of the Corporation a series of preferred stock  designated as
the "Fixed Rate Cumulative  Perpetual  Preferred Stock, Series A" (the "Series A
Preferred Stock").

         (b) The authorized  number of shares of Series A Preferred  Stock shall
be 5,000.

         (c) Each share of Series A Preferred  Stock shall be  identical  in all
respects  to  every  other  share of  Series A  Preferred  Stock.  The  Series A
Preferred  Stock  shall be  perpetual,  subject to the  provisions  of Section 5
hereof.  The Series A Preferred  Stock shall rank  equally with Parity Stock and
shall rank senior to Junior Stock with  respect to the payment of dividends  and
the  distribution  of  assets in the event of any  dissolution,  liquidation  or
winding up of the Corporation.

         Section  2.  Definitions.  As used  herein  with  respect  to  Series A
Preferred Stock:

         (a) "Applicable Dividend Rate" means 5% per annum.

         (b) "Appropriate Federal Banking Agency" means the "appropriate Federal
banking  agency" with respect to the  Corporation  as defined in Section 3(q) of
the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)),  or any successor
provision.

         (c) "Articles" means the Corporation's articles of incorporation.

         (d) "Business  Combination"  means a merger,  consolidation,  statutory
share  exchange  or  similar  transaction  that  requires  the  approval  of the
Corporation's stockholders.

         (e) "Business Day" means any day except Saturday, Sunday and any day on
which Community First Bank is closed.

         (f)  "Bylaws"  means  the  bylaws  of the  Corporation,  as they may be
amended from time to time.

                                       1
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

         (g) "Common Stock" means the common stock,  no par value per share,  of
the Corporation.

         (h) "Dividend Period" has the meaning set forth in Section 3(a).

         (i) "Dividend  Payment  Date" means  February 15, May 15, August 15 and
November 15 of each year.

         (j) "Dividend Record Date" has the meaning set forth in Section 3(a).

         (k)  "Effective  Date" means the date on which  Articles  of  Amendment
containing  this  Attachment  A are filed with the  Secretary  of State of South
Carolina.

         (l)  "Junior  Stock"  means the Common  Stock,  and any other  class or
series of stock of the Corporation the terms of which expressly  provide that it
ranks  junior to Series A  Preferred  Stock as to dividend  rights  and/or as to
rights on liquidation, dissolution or winding up of the Corporation.

         (m)  "Liquidation  Amount" means $1,000 per share of Series A Preferred
Stock.

         (n) "Liquidation Preference" has the meaning set forth in Section 4(a).

         (o) "Original  Issue Date" means the date on which each share of Series
A Preferred Stock is first issued by the Corporation.

         (p)  "Parity  Stock"  means  any  class  or  series  of  stock  of  the
Corporation  (other  than  Series A  Preferred  Stock) the terms of which do not
expressly provide that such class or series will rank senior or junior to Series
A Preferred  Stock as to  dividend  rights  and/or as to rights on  liquidation,
dissolution  or winding up of the  Corporation  (in each case without  regard to
whether dividends accrue cumulatively or non-cumulatively).

         (q) "Preferred Director" has the meaning set forth in Section 7(b).

         (r)  "Preferred  Stock" means any and all series of preferred  stock of
the Corporation, including the Series A Preferred Stock.

         (s)  "Successor  Preferred  Stock" has the meaning set forth in Section
5(a).

         (t) "Voting Parity Stock" means,  with regard to any matter as to which
the holders of Series A Preferred  Stock are  entitled to vote as  specified  in
Sections  7(a) and 7(b)  hereof,  any and all series of Parity  Stock upon which
like voting rights have been conferred and are exercisable  with respect to such
matter.

                                       2
<PAGE>
                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

         Section 3. Dividends.

         (a) Rate.  Holders of Series A  Preferred  Stock  shall be  entitled to
receive,  on each share of Series A Preferred  Stock if, as and when declared by
the  Board  of  Directors  or any  duly  authorized  committee  of the  Board of
Directors,  but only out of assets legally available  therefor,  cumulative cash
dividends with respect to each Dividend  Period (as defined below) at a rate per
annum equal to the Applicable  Dividend Rate on (i) the  Liquidation  Amount per
share of Series A  Preferred  Stock and (ii) the  amount of  accrued  and unpaid
dividends  for any prior  Dividend  Period on such  share of Series A  Preferred
Stock,  if any. Such dividends  shall begin to accrue and be cumulative from the
Original Issue Date,  shall compound on each  subsequent  Dividend  Payment Date
(i.e., no dividends  shall accrue on other dividends  unless and until the first
Dividend  Payment Date for such other  dividends  has passed  without such other
dividends  having  been paid on such  date) and shall be  payable  quarterly  in
arrears on each Dividend  Payment Date,  commencing with the first such Dividend
Payment Date to occur at least 20 calendar  days after the Original  Issue Date.
In the event that any Dividend  Payment Date would  otherwise fall on a day that
is not a Business  Day, the dividend  payment due on that date will be postponed
to the next day that is a Business Day and no additional  dividends  will accrue
as a result of that  postponement.  The period from and  including  any Dividend
Payment Date to, but  excluding,  the next Dividend  Payment Date is a "Dividend
Period",  provided that the initial Dividend Period shall be the period from and
including the Original Issue Date to, but excluding,  the next Dividend  Payment
Date.

         Dividends  that are payable on Series A  Preferred  Stock in respect of
any Dividend  Period shall be computed on the basis of a 360-day year consisting
of twelve 30-day months.  The amount of dividends  payable on Series A Preferred
Stock on any date prior to the end of a  Dividend  Period,  and for the  initial
Dividend Period,  shall be computed on the basis of a 360-day year consisting of
twelve 30-day months,  and actual days elapsed over a 30-day month. In the event
that such  computation  results in a payment  per share which is not an integral
multiple of a whole cent,  the  computed  amount shall be rounded to the nearest
one-hundredth  of one cent to  compute  the  amount  due per share but the total
amount  payable  to each  holder  for all shares  held by such  holder  shall be
rounded down to the nearest whole cent.

         Dividends that are payable on Series A Preferred  Stock on any Dividend
Payment Date will be payable to holders of record of Series A Preferred Stock as
they appear on the stock register of the  Corporation  on the applicable  record
date,  which shall be the 15th calendar day immediately  preceding such Dividend
Payment  Date or such other  record date fixed by the Board of  Directors or any
duly authorized committee of the Board of Directors that is not more than 60 nor
less than 10 days prior to such Dividend  Payment Date (each, a "Dividend Record
Date").  Any such day that is a Dividend  Record Date shall be a Dividend Record
Date whether or not such day is a Business Day.

         Holders  of  Series A  Preferred  Stock  shall not be  entitled  to any
dividends,  whether payable in cash,  securities or other  property,  other than
dividends (if any) declared and payable on Series A Preferred Stock as specified
in this Section 3 (subject to the other provisions hereof).

                                       3
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

         (b) Priority of  Dividends.  So long as any share of Series A Preferred
Stock remains outstanding, no dividend or distribution shall be declared or paid
on the Common Stock or any other  shares of Junior  Stock (other than  dividends
payable  solely  in shares of Common  Stock)  or Parity  Stock,  subject  to the
immediately following paragraph in the case of Parity Stock and no Common Stock,
Junior  Stock or Parity  Stock  shall be,  directly  or  indirectly,  purchased,
redeemed or otherwise  acquired for  consideration  by the Corporation or any of
its  subsidiaries  unless all accrued and unpaid dividends for all past Dividend
Periods,   including  the  latest  completed  Dividend  Period  (including,   if
applicable as provided in Section 3(a) above,  dividends on such amount), on all
outstanding   shares   of   Series  A   Preferred   Stock   have   been  or  are
contemporaneously  declared  and paid in full (or have been  declared  and a sum
sufficient  for the  payment  thereof  has been set aside for the benefit of the
holders of shares of Series A Preferred Stock on the applicable record date) and
unless such dividend,  distribution,  purchase,  redemption or acquisition would
not (i) cause the  Corporation's  unrestricted  retained earnings and additional
paid-in  capital  to be less  than  two  times  the  quarterly  dividend  on the
outstanding  shares of Series A Preferred Stock, or (ii) cause the Corporation's
regulatory  capital not to exceed the amount necessary to be well capitalized by
all applicable  measures (applying the measures  applicable to the Corporation's
subsidiary bank if no specific measure is then applicable to the Corporation) by
less than less than two times the quarterly  dividend on the outstanding  shares
of Series A Preferred  Stock.  The foregoing  limitation  shall not apply to (x)
redemptions,  purchases or other acquisitions of shares of Common Stock or other
Junior Stock in connection with the  administration of any employee benefit plan
in the ordinary  course of business and consistent  with past practice;  (y) the
acquisition by the Corporation or any of its subsidiaries of record ownership in
Junior Stock or Parity Stock for the  beneficial  ownership of any other persons
(other than the Corporation or any of its  subsidiaries),  including as trustees
or  custodians;  and (z) the exchange or  conversion of Junior Stock for or into
other  Junior  Stock or of Parity Stock for or into other Parity Stock (with the
same or lesser  aggregate  liquidation  amount) or Junior  Stock,  in each case,
solely to the extent required pursuant to binding contractual agreements entered
into prior to the Signing Date or any subsequent  agreement for the  accelerated
exercise, settlement or exchange thereof for Common Stock.

         When  dividends  are not paid (or  declared  and a sum  sufficient  for
payment  thereof  set  aside  for the  benefit  of the  holders  thereof  on the
applicable  record date) on any Dividend Payment Date (or, in the case of Parity
Stock having dividend  payment dates different from the Dividend  Payment Dates,
on a dividend  payment date  falling  within a Dividend  Period  related to such
Dividend  Payment Date) in full upon Series A Preferred  Stock and any shares of
Parity Stock,  all dividends  declared on Series A Preferred  Stock and all such
Parity  Stock and  payable on such  Dividend  Payment  Date (or,  in the case of
Parity Stock having dividend  payment dates different from the Dividend  Payment
Dates, on a dividend  payment date falling within the Dividend Period related to
such Dividend  Payment  Date) shall be declared pro rata so that the  respective
amounts of such  dividends  declared  shall bear the same ratio to each other as
all accrued and unpaid  dividends  per share on the shares of Series A Preferred
Stock (including,  if applicable as provided in Section 3(a) above, dividends on
such amount) and all Parity Stock payable on such Dividend  Payment Date (or, in
the case of Parity  Stock  having  dividend  payment  dates  different  from the
Dividend  Payment Dates, on a dividend  payment date falling within the Dividend

                                       4
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

Period  related to such  Dividend  Payment  Date)  (subject to their having been
declared by the Board of Directors or a duly  authorized  committee of the Board
of Directors out of legally available funds and including, in the case of Parity
Stock that bears cumulative dividends, all accrued but unpaid dividends) bear to
each other.  If the Board of  Directors  or a duly  authorized  committee of the
Board of Directors  determines  not to pay any dividend or a full  dividend on a
Dividend  Payment  Date,  the  Corporation  will provide  written  notice to the
holders of Series A Preferred Stock prior to such Dividend Payment Date.

         Subject to the foregoing, and not otherwise, such dividends (payable in
cash,  securities  or  other  property)  as may be  determined  by the  Board of
Directors or any duly  authorized  committee  of the Board of  Directors  may be
declared  and paid on any  securities,  including  Common Stock and other Junior
Stock,  from time to time out of any funds  legally  available for such payment,
and holders of Series A Preferred  Stock shall not be entitled to participate in
any such dividends.

         Section 4. Liquidation Rights.

         (a)  Voluntary  or  Involuntary  Liquidation.   In  the  event  of  any
liquidation,  dissolution  or  winding  up of the  affairs  of the  Corporation,
whether  voluntary or involuntary,  holders of Series A Preferred Stock shall be
entitled  to receive  for each  share of Series A  Preferred  Stock,  out of the
assets of the  Corporation  or  proceeds  thereof  (whether  capital or surplus)
available for  distribution to stockholders of the  Corporation,  subject to the
rights of any  creditors of the  Corporation,  before any  distribution  of such
assets or proceeds  is made to or set aside for the holders of Common  Stock and
any other stock of the Corporation ranking junior to Series A Preferred Stock as
to such  distribution,  payment in full in an amount equal to the sum of (i) the
Liquidation  Amount  per share and (ii) the  amount of any  accrued  and  unpaid
dividends (including, if applicable as provided in Section 3(a) above, dividends
on such amount),  whether or not declared,  to the date of payment (such amounts
collectively, the "Liquidation Preference").

         (b) Partial Payment.  If in any distribution  described in Section 4(a)
above the assets of the  Corporation  or proceeds  thereof are not sufficient to
pay in full the amounts payable with respect to all outstanding shares of Series
A Preferred  Stock and the  corresponding  amounts  payable  with respect of any
other stock of the Corporation  ranking equally with Series A Preferred Stock as
to such  distribution,  holders of Series A  Preferred  Stock and the holders of
such other stock shall share ratably in any such  distribution  in proportion to
the full respective distributions to which they are entitled.

         (c) Residual Distributions. If the Liquidation Preference has been paid
in full to all holders of Series A Preferred Stock and the corresponding amounts
payable with respect of any other stock of the Corporation  ranking equally with
Series A  Preferred  Stock as to such  distribution  has been paid in full,  the
holders of other  stock of the  Corporation  shall be  entitled  to receive  all
remaining  assets of the  Corporation (or proceeds  thereof)  according to their
respective rights and preferences.

         (d)  Merger,  Consolidation  and Sale of Assets  Not  Liquidation.  For
purposes of this Section 4, the merger or  consolidation of the Corporation with

                                       5
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

any other  corporation or other entity,  including a merger or  consolidation in
which the holders of Series A Preferred Stock receive cash,  securities or other
property for their shares, or the sale, lease or exchange (for cash,  securities
or other property) of all or substantially all of the assets of the Corporation,
shall  not  constitute  a   liquidation,   dissolution  or  winding  up  of  the
Corporation.

         Section 5. Redemption.

         (a) Optional Redemption. The Corporation, at its option, subject to the
approval of the Appropriate  Federal Banking Agency,  may redeem, in whole or in
part,  at any time  and  from  time to  time,  out of  funds  legally  available
therefor,  the shares of Series A Preferred Stock at the time outstanding,  upon
notice given as provided in Section 5(c) below,  at a redemption  price equal to
the sum of (i) the  Liquidation  Amount per share and (ii)  except as  otherwise
provided below,  any accrued and unpaid dividends  (including,  if applicable as
provided in Section 3(a) above, dividends on such amount) (regardless of whether
any  dividends  are actually  declared)  to, but  excluding,  the date fixed for
redemption.

         The redemption  price for any shares of Series A Preferred  Stock shall
be payable on the redemption date to the holder of such shares against surrender
of the  certificate(s)  evidencing  such shares to the Corporation or its agent.
Any  declared  but unpaid  dividends  payable on a  redemption  date that occurs
subsequent to the Dividend  Record Date for a Dividend  Period shall not be paid
to the holder entitled to receive the redemption  price on the redemption  date,
but rather shall be paid to the holder of record of the redeemed  shares on such
Dividend  Record  Date  relating  to the  Dividend  Payment  Date as provided in
Section 3 above.

         (b) No Sinking Fund.  The Series A Preferred  Stock will not be subject
to any mandatory redemption,  sinking fund or other similar provisions.  Holders
of  Series  A  Preferred  Stock  will  have no right to  require  redemption  or
repurchase of any shares of Series A Preferred Stock.

         (c)  Notice  of  Redemption.  Notice of every  redemption  of shares of
Series A Preferred  Stock shall be given by first class mail,  postage  prepaid,
addressed  to the  holders  of record  of the  shares  to be  redeemed  at their
respective  last  addresses  appearing  on the  books of the  Corporation.  Such
mailing  shall be at least 30 days  and not more  than 60 days  before  the date
fixed for redemption.  Any notice mailed as provided in this Subsection shall be
conclusively  presumed  to have  been  duly  given,  whether  or not the  holder
receives  such  notice,  but failure  duly to give such  notice by mail,  or any
defect in such  notice or in the  mailing  thereof,  to any  holder of shares of
Series A Preferred Stock designated for redemption shall not affect the validity
of the  proceedings for the redemption of any other shares of Series A Preferred
Stock.  Notwithstanding the foregoing, if shares of Series A Preferred Stock are
issued in  book-entry  form through The  Depository  Trust  Company or any other
similar  facility,  notice of redemption may be given to the holders of Series A
Preferred Stock at such time and in any manner permitted by such facility.  Each
notice of redemption given to a holder shall state: (1) the redemption date; (2)
the number of shares of Series A  Preferred  Stock to be  redeemed  and, if less
than all the shares held by such holder are to be  redeemed,  the number of such
shares to be redeemed from such holder;  (3) the redemption  price;  and (4) the
place or places where  certificates  for such shares are to be  surrendered  for
payment of the redemption price.

                                       6
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

         (d) Partial Redemption. In case of any redemption of part of the shares
of Series A Preferred Stock at the time  outstanding,  the shares to be redeemed
shall be  selected  either  pro rata or in such  other  manner  as the  Board of
Directors or a duly  authorized  committee  thereof may determine to be fair and
equitable.  Subject to the provisions  hereof,  the Board of Directors or a duly
authorized  committee  thereof  shall have full power and authority to prescribe
the terms and conditions  upon which shares of Series A Preferred Stock shall be
redeemed  from time to time.  If fewer  than all the shares  represented  by any
certificate are redeemed,  a new certificate  shall be issued  representing  the
unredeemed shares without charge to the holder thereof.

         (e) Effectiveness of Redemption.  If notice of redemption has been duly
given and if on or before the redemption  date specified in the notice all funds
necessary for the redemption  have been deposited by the  Corporation,  in trust
for the pro rata  benefit of the  holders of the shares  called for  redemption,
with a bank or trust company doing business in the State of South Carolina,  and
having a capital and  surplus of at least $25 million and  selected by the Board
of Directors,  so as to be and continue to be available solely  therefor,  then,
notwithstanding  that any certificate for any share so called for redemption has
not  been  surrendered  for  cancellation,  on and  after  the  redemption  date
dividends  shall  cease to accrue on all  shares so called for  redemption,  all
shares so called for redemption  shall no longer be deemed  outstanding  and all
rights with respect to such shares shall forthwith on such redemption date cease
and  terminate,  except  only the right of the  holders  thereof to receive  the
amount  payable  on such  redemption  from such bank or trust  company,  without
interest. Any funds unclaimed at the end of three years from the redemption date
shall,  to the extent  permitted by law, be released to the  Corporation,  after
which time the holders of the shares so called for redemption shall look only to
the Corporation for payment of the redemption price of such shares.

         (f) Status of Redeemed Shares.  Shares of Series A Preferred Stock that
are redeemed,  repurchased or otherwise acquired by the Corporation shall revert
to authorized  but unissued  shares of Preferred  Stock  (provided that any such
cancelled  shares of Series A Preferred  Stock may be reissued only as shares of
any series of Preferred Stock other than Series A Preferred Stock).

         Section 6. Conversion.

         (a) Optional  Conversion.  After the tenth anniversary of the Effective
Date, holders shares of Series A Preferred Stock shall have the right to convert
such  shares into  Common  Stock on the basis of 100 shares of Common  Stock for
each  share  of  Series  A  Preferred  Stock  converted;  provided  that  if the
Corporation  has called the shares of Series A Preferred  Stock for  redemption,
the right to convert  shall  terminate  at the close of  business  on the second
business day prior to the day fixed as the date for the redemption.

         To  convert  shares  of  Series A  Preferred  Stock,  the  holder  must
surrender the  certificate(s)  for the shares of Series A Preferred  Stock to be
converted at the office of the  Corporation,  accompanied by a written notice of
conversion and by a written instrument of transfer in a form satisfactory to the
Corporation, properly completed and executed by the registered holder(s) thereof
or  a  duly  authorized   attorney.   Upon  receipt  of  such  documentation  in
satisfactory form, the Corporation shall cause the requisite number of shares of
Common Stock to be issued  promptly to such holder(s)  together with any accrued

                                       7
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

and  unpaid  dividends  on the  converted  shares  of Series A  Preferred  Stock
(including,  if applicable as provided in Section 3(a) above,  dividends on such
amount)  (regardless  of whether any  dividends  are actually  declared) to, but
excluding,  the date of such issue,  except as  otherwise  provided  below.  Any
declared but unpaid dividends payable on an issue date that occurs subsequent to
the Dividend  Record Date for a Dividend  Period shall not be paid to the holder
entitled to receive the Common Stock on the issue date, but rather shall be paid
to the holder of record of the converted  shares of Series A Preferred  Stock on
such Dividend  Record Date relating to the Dividend  Payment Date as provided in
Section 3 above.

         (b)  Adjustments to Conversion.  If the Corporation at any time pays to
the holders of its Common Stock a dividend in Common Stock, the number of shares
of Common Stock issuable upon the  conversion of Series A Preferred  Stock shall
be  proportionally  increased,  effective at the close of business on the record
date for  determination  of the  holders of the  Common  Stock  entitled  to the
dividend.

         If the  Corporation  at any time  subdivides or combines in a larger or
smaller number of shares its outstanding shares of Common Stock, then the number
of shares of Common Stock  issuable  upon the  conversion  of Series A Preferred
Stock  shall  be  proportionally  increased  in the  case of a  subdivision  and
decreased in the case of a combination, effective in either case at the close of
business on the date that the subdivision or combination becomes effective.

         If the Corporation is  recapitalized,  consolidated with or merged into
any other  corporation,  or sells or  conveys  to any other  corporation  all or
substantially all of its property as an entity,  provision shall be made as part
of the terms of any such  transaction  so that the holder or holders of Series A
Preferred Stock may receive,  in lieu of the Common Stock otherwise  issuable to
them upon conversion  hereof,  at the same conversion  ratio,  the same kind and
amount   of   securities   or   assets   as  may  be   distributable   upon  the
recapitalization, consolidation, merger, sale, or conveyance with respect to the
Common Stock.

Notwithstanding  the provisions in this Section 6(b), the following shall not be
deemed to constitute an issuance of Common Stock or exercisable, exchangeable or
convertible  securities  by the  Corporation  to  which  any  of the  adjustment
provisions described above applies:

         (i) the  issuance  of any shares of Common  Stock  pursuant to any plan
         providing  for the  reinvestment  of dividends  or interest  payable on
         securities of the Corporation and the investment of additional optional
         amounts in shares of Common Stock under any such plan (whether any such
         plan is now or hereafter authorized); or

         (ii) the issuance of any shares of Common Stock or options or rights to
         purchase such shares  pursuant to any employee  benefit plan or program
         of the Corporation or any subsidiary  (whether any such plan or program
         is now or hereafter authorized); or

                                       8
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

         (iii)  the  issuance  of any  shares of Common  Stock  pursuant  to any
         option,  warrant,  right or  exercisable,  exchangeable  or convertible
         security  outstanding as of the date Series A Preferred Stock was first
         issued.

There shall be no adjustment of the Common Stock  issuable on conversion in case
of the issuance of any stock (or securities convertible into or exchangeable for
stock) of the  Corporation  except as  described  in this  Section 5.  Except as
expressly set forth in this Section 6(b), if any action would require adjustment
of the Common  Stock  issuable  on  conversion  pursuant to more than one of the
provisions  described  above,  only  one  adjustment  shall  be  made  and  such
adjustment  shall be the amount of  adjustment  which has the  highest  absolute
value.

         Section 7. Voting Rights.

         (a) General. The holders of Series A Preferred Stock shall not have any
voting  rights  except  as set  forth  below or as  otherwise  from time to time
required by law.  Holders of shares of Series A Preferred Stock will be entitled
to one vote for each  such  share on any  matter  on which  holders  of Series A
Preferred Stock are entitled to vote, including any action by written consent.

         (b)  Preferred  Stock  Directors.  Whenever,  at  any  time  or  times,
dividends  payable on the shares of Series A Preferred  Stock have not been paid
for an  aggregate  of six  quarterly  Dividend  Periods or more,  whether or not
consecutive,  the  authorized  number  of  directors  of the  Corporation  shall
automatically  be  increased  by two and the  holders of the Series A  Preferred
Stock  shall  have the  right,  with  holders of shares of any one or more other
classes  or  series of  Voting  Parity  Stock  outstanding  at the time,  voting
together  as a  class,  to  elect  two  directors  (hereinafter  the  "Preferred
Directors"  and  each  a  "Preferred  Director")  to  fill  such  newly  created
directorships at the Corporation's  next annual meeting of stockholders (or at a
special  meeting called for that purpose prior to such next annual  meeting) and
at each subsequent  annual meeting of stockholders  until all accrued and unpaid
dividends for all past Dividend Periods, including the latest completed Dividend
Period (including, if applicable as provided in Section 3(a) above, dividends on
such amount),  on all  outstanding  shares of Series A Preferred Stock have been
declared and paid in full at which time such right shall  terminate with respect
to the Series A Preferred Stock,  except as herein or by law expressly provided,
subject to  revesting in the event of each and every  subsequent  default of the
character  above  mentioned;  provided  that it  shall  be a  qualification  for
election for any Preferred Director that the election of such Preferred Director
shall not cause the Corporation to violate any corporate governance requirements
of any securities  exchange or other trading facility on which securities of the
Corporation  may then be listed or traded that listed or traded  companies  must
have a majority of independent  directors.  Upon any termination of the right of
the holders of shares of Series A Preferred  Stock and Voting  Parity Stock as a
class to vote for directors as provided  above,  the Preferred  Directors  shall
cease  to be  qualified  as  directors,  the  term of  office  of all  Preferred
Directors then in office shall terminate  immediately and the authorized  number
of  directors  shall be  reduced by the number of  Preferred  Directors  elected
pursuant  hereto.  Any  Preferred  Director may be removed at any time,  with or
without  cause,  and any vacancy in the office of any Preferred  Director may be
filled,  only by the affirmative vote of the holders a majority of the shares of
Series A Preferred Stock at the time  outstanding  voting  separately as a class

                                       9
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

together with the holders of shares of Voting  Parity  Stock,  to the extent the
voting rights of such holders described above are then exercisable.

         (c) Class Voting Rights as to Particular Matters. So long as any shares
of Series A Preferred  Stock are  outstanding,  in addition to any other vote or
consent of stockholders required by law or by the Articles,  the vote or consent
of the holders of at least 66 2/3% of the shares of Series A Preferred  Stock at
the time outstanding,  voting as a separate class,  given in person or by proxy,
either in  writing  without a meeting or by vote at any  meeting  called for the
purpose, shall be necessary for effecting or validating:

                  (i) Authorization of Senior Stock. Any amendment or alteration
         of the term of the Series A Preferred  Stock as set forth herein or the
         Articles to authorize or create or increase the  authorized  amount of,
         or any issuance of, any shares of, or any securities  convertible  into
         or  exchangeable  or exercisable  for shares of, any class or series of
         capital stock of the  Corporation  ranking senior to Series A Preferred
         Stock with  respect to either or both the payment of  dividends  and/or
         the distribution of assets on any  liquidation,  dissolution or winding
         up of the Corporation;

                  (ii)  Amendment of Series A Preferred  Stock.  Any  amendment,
         alteration  or repeal  of any  provision  of the terms of the  Series A
         Preferred Stock as set forth herein or the Articles (including,  unless
         no vote  on  such  merger  or  consolidation  is  required  by  Section
         7(c)(iii)  below,  any  amendment,  alteration  or repeal by means of a
         merger,  consolidation  or  otherwise)  so as to  adversely  affect the
         rights,  preferences,  privileges  or  voting  powers  of the  Series A
         Preferred Stock; or

                  (iii)   Share   Exchanges,   Reclassifications.   Mergers  and
         Consolidations.  Any  consummation  of  a  binding  share  exchange  or
         reclassification involving the Series A Preferred Stock, or of a merger
         or consolidation  of the Corporation with another  corporation or other
         entity,  unless in each case (x) the shares of Series A Preferred Stock
         remain  outstanding or, in the case of any such merger or consolidation
         with respect to which the Corporation is not the surviving or resulting
         entity,  are converted into or exchanged for  preference  securities of
         the surviving or resulting entity or its ultimate parent,  and (y) such
         shares remaining outstanding or such preference securities, as the case
         may be, have such rights,  preferences,  privileges  and voting powers,
         and limitations and restrictions thereof,  taken as a whole, as are not
         materially  less  favorable  to the  holders  thereof  than the rights,
         preferences,   privileges  and  voting  powers,   and  limitations  and
         restrictions  thereof, of Series A Preferred Stock immediately prior to
         such consummation, taken as a whole;

provided,  however,  that for all purposes of this Section 7(c), any increase in
the amount of the  authorized  Preferred  Stock,  including  any increase in the
authorized amount of Series A Preferred Stock necessary to satisfy preemptive or
similar  rights  granted  by the  Corporation  to  other  persons  prior  to the
Effective  Date, or the creation and issuance,  or an increase in the authorized
or issued amount, whether pursuant to preemptive or similar rights or otherwise,
of any other series of Preferred  Stock, or any securities  convertible  into or

                                       10
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

exchangeable  or exercisable  for any other series of Preferred  Stock,  ranking
equally  with  and/or  junior to Series A  Preferred  Stock with  respect to the
payment of dividends  (whether such dividends are cumulative or  non-cumulative)
and the  distribution of assets upon  liquidation,  dissolution or winding up of
the Corporation will not be deemed to adversely affect the rights,  preferences,
privileges  or voting  powers,  and shall not  require the  affirmative  vote or
consent of, the holders of outstanding shares of the Series A Preferred Stock.

         (d) Changes after Provision for  Redemption.  No vote or consent of the
holders of Series A Preferred  Stock shall be required  pursuant to Section 7(c)
above if, at or prior to the time when any such vote or consent would  otherwise
be required  pursuant to such Section,  all  outstanding  shares of the Series A
Preferred  Stock  shall  have  been  redeemed,  or shall  have been  called  for
redemption upon proper notice and sufficient  funds shall have been deposited in
trust for such redemption, in each case pursuant to Section 5 above.

         (e)  Procedures  for Voting and Consents.  The rules and procedures for
calling and  conducting  any meeting of the holders of Series A Preferred  Stock
(including,  without  limitation,  the  fixing  of a record  date in  connection
therewith), the solicitation and use of proxies at such a meeting, the obtaining
of written consents and any other aspect or matter with regard to such a meeting
or such consents shall be governed by any rules of the Board of Directors or any
duly  authorized  committee of the Board of Directors,  in its  discretion,  may
adopt  from  time to time,  which  rules and  procedures  shall  conform  to the
requirements  of the Articles,  the Bylaws,  and applicable law and the rules of
any national  securities  exchange or other  trading  facility on which Series A
Preferred Stock is listed or traded at the time.

         Section  8.  Record  Holders.   To  the  fullest  extent  permitted  by
applicable  law, the  Corporation  and the transfer agent for Series A Preferred
Stock may deem and treat the  record  holder of any share of Series A  Preferred
Stock as the true and lawful  owner  thereof for all  purposes,  and neither the
Corporation  nor such  transfer  agent  shall be  affected  by any notice to the
contrary.

         Section 9. Notices.  All notices or communications in respect of Series
A Preferred Stock shall be sufficiently  given if given in writing and delivered
in person or by first class  mail,  postage  prepaid,  or if given in such other
manner as may be permitted  herein,  in the Articles or Bylaws or by  applicable
law.  Notwithstanding  the foregoing,  if shares of Series A Preferred Stock are
issued in book-entry  form through The  Depository  Trust Company or any similar
facility,  such notices may be given to the holders of Series A Preferred  Stock
in any manner permitted by such facility.

         Section 10. No Preemptive  Rights. No share of Series A Preferred Stock
shall have any  rights of  preemption  whatsoever  as to any  securities  of the
Corporation,  or any warrants,  rights or options issued or granted with respect
thereto, regardless of how such securities, or such warrants, rights or options,
may be designated, issued or granted.

         Section 11. Replacement Certificates. The Corporation shall replace any
mutilated certificate at the holder's expense upon surrender of that certificate
to the  Corporation.  The  Corporation  shall replace  certificates  that become
destroyed,  stolen  or  lost  at  the  holder's  expense  upon  delivery  to the
Corporation of reasonably  satisfactory  evidence that the  certificate has been

                                       11
<PAGE>

                                                  Community First Bancorporation
                                                           Articles of Amendment
                                                                    Attachment A

destroyed,  stolen or lost,  together with any indemnity  that may be reasonably
required by the Corporation.

         Section 12. Other Rights.  The shares of Series A Preferred Stock shall
not have any  rights,  preferences,  privileges  or voting  powers or  relative,
participating, optional or other special rights, or qualifications,  limitations
or restrictions thereof, other than as set forth herein or in the Articles or as
provided by applicable law.

                                * * * * * * * * *

                                       12Exhibit 4.2

                     TRANSFER RESTRICTED - SEE REVERSE SIDE
NUMBER                                                                   SHARES
A-xxx                                                                   **xxxx**

            FIXED RATE CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A

                         Community First Bancorporation

                   ORGANIZED UNDER THE LAWS OF SOUTH CAROLINA

         This certifies that  _____________________________________is  the owner
of ***_______________*** shares of the Fixed Rate Cumulative Perpetual Preferred
Stock, Series A, no Par Value, of Community First Bancorporation, fully paid and
nonassessable  transferable  only on the books of the  Corporation by the holder
hereof  in  person  or by  duly  authorized  attorney  upon  surrender  of  this
certificate properly indorsed.

         A full statement of the  designations,  preferences,  limitations,  and
relative rights of the shares of each class of stock  authorized to be issued by
the  Corporation,  and the  variations  in the relative  rights and  preferences
between the shares of each series of preferred  stock which the  Corporation  is
authorized to issue, so far as the same have been fixed and determined,  and the
authority,  if any, of the Corporation's board of directors to fix and determine
the relative  rights and  preferences of other series of preferred  stock is set
forth in the Articles of Incorporation of the Corporation, as amended. Copies of
such Articles of Incorporation  may be obtained by any shareholder upon request,
without charge, from the office of the Corporation.

         In witness whereof, the said Corporation has caused this Certificate to
be signed by its duly authorized  officers and its facsimile seal to be hereunto
affixed.

Dated:   -------------------------

                                     [SEAL]
-----------------------------------              -------------------------------
         Secretary                                      President

<PAGE>

                         COMMUNITY FIRST BANCORPORATION
            Fixed Rate Cumulative Perpetual Preferred Stock, Series A

                         COMMUNITY FIRST BANCORPORATION

Fixed  Rate  Cumulative  Perpetual  Preferred  Stock,  Series  A THE  SECURITIES
REPRESENTED  BY THIS  INSTRUMENT  ARE NOT  SAVINGS  ACCOUNTS,  DEPOSITS OR OTHER
OBLIGATIONS  OF A BANK AND ARE NOT  INSURED  BY THE  FEDERAL  DEPOSIT  INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.

THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE  HAVE NOT BEEN REGISTERED UNDER
ANY SECURITIES  LAWS AND THE  TRANSFERABILITY  OF SUCH SECURITIES IS RESTRICTED.
SUCH  SECURITIES  MAY NOT BE  SOLD,  ASSIGNED,  OR  TRANSFERRED,  NOR  WILL  ANY
ASSIGNEE,  VENDEE,  TRANSFEREE,  OR  ENDORSEE  THEREOF BE  RECOGNIZED  AS HAVING
ACQUIRED  ANY SUCH  SECURITIES  BY THE  ISSUER  FOR ANY  PURPOSES,  UNLESS (1) A
REGISTRATION  STATEMENT  UNDER THE  SECURITIES  ACT OF 1933,  AS  AMENDED,  WITH
RESPECT TO SUCH  SECURITIES  SHALL THEN BE IN EFFECT AND SUCH  TRANSFER HAS BEEN
QUALIFIED UNDER ALL APPLICABLE STATE SECURITIES LAWS, OR (2) THE AVAILABILITY OF
AN EXEMPTION FROM SUCH  REGISTRATION AND  QUALIFICATION  SHALL BE ESTABLISHED TO
THE SATISFACTION OF COUNSEL TO THE CORPORATION.

NOTICE. THE SIGNATURE ON THE ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THIS CERTIFICATE IN EVERY  PARTICULAR.  IF SIGNED BY AN OFFICER
OR AGENT, THE AUTHORITY OF THE SIGNER MUST BE SHOWN.

         FOR VALUE RECEIVED,             hereby sell, assign and transfer  unto

         -----------------------------------------------------------------------
         (Please print or typewrite name and address of Assignee)

         -----------------------------------------------------------------------

         -----------------------------------------------------
         (Social security or other taxpayer identifying number of assignee)

the shares  represented  by the within  Certificate,  and do hereby  irrevocably

constitute and appoint                                      Attorney to transfer
                       ------------------------------------

the said Shares on the books of the within named  Corporation with full power of

substitution in the premises.

         Dated                 , 20  .        X
               ----------------    --         ----------------------------------

                                              X
                                              ----------------------------------

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