PALMETTO BANCSHARES, INC.
306 EAST NORTH STREET
GREENVILLE, SOUTH CAROLINA 29601
December 2, 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. 333-169845 |
Dear Mr. McNair:
The Company hereby requests acceleration of the effective date of its Registration Statement on Form S-1 (SEC File No. 333-169845) to 9:00 a.m., Eastern Time, on Monday, December 6, 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.
The Company acknowledges that:
• | the Company is responsible for the adequacy and accuracy of the disclosure in the referenced filings; |
• | SEC comments or changes to disclosures in response to SEC comments do not foreclose the SEC from taking any action with respect to the referenced filings; and |
• | the Company may not assert staff comments as a defense in any proceedings initiated by the SEC or any person under the federal securities laws of the United States. |
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 |