PALMETTO BANCSHARES, INC.
306 EAST NORTH STREET
GREENVILLE, SOUTH CAROLINA 29601
November 19, 2010
VIA FACSIMILE AND EDGAR
Mr. Matt McNair
Attorney-Adviser
Securities and Exchange Commission
Division of Corporation Finance
100 F. Street, N.E.
Washington, D.C. 20549
Re: | Palmetto Bancshares, Inc. (the “Company”) |
Registration Statement on Form S-1
Filed October 8, 2010
File No. 333-169840
Dear Mr. McNair:
The Company hereby requests acceleration of the effective date of its Registration Statement on Form S-1 (SEC File No. 333-169840) to 5:00 p.m., Eastern Time, on Tuesday, November 23, 2010 or as soon thereafter as possible.
The Company hereby acknowledges its responsibilities under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, as they relate to the proposed public offering of the securities specified in the above-referenced Registration Statement.
Please call John M. Jennings of Nelson Mullins Riley & Scarborough LLP, counsel to the Company, at (864) 250-2207 as soon as the Registration Statement has been declared effective.
Very truly yours, |
Sincerely, |
/s/ Lee S. Dixon |
Lee S. Dixon |
Chief Operating Officer |