1 As filed with the Securities and Exchange Commission on November 1, 2000 Registration No. 333-35638 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO THE FORM S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOUTHBANC SHARES, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 6035 58-2361245 (State or Other Jurisdiction of Primary Standard Industrial (IRS Employer Incorporation or Organization) Classification Code Number) Identification No.) 907 NORTH MAIN STREET ANDERSON, SOUTH CAROLINA 29621-5526 (864) 225-0241 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) ROBERT W. ORR PRESIDENT 907 NORTH MAIN STREET ANDERSON, SOUTH CAROLINA 29621-5526 (864) 225-0241 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service) Copies to: PAUL M. AGUGGIA, ESQUIRE AARON M. KASLOW, ESQUIRE MULDOON, MURPHY & FAUCETTE LLP 5101 WISCONSIN AVENUE, N.W. WASHINGTON, D.C. 20016 (202) 362-0840 ================================================================================ 2 This Post-Effective Amendment No. 1 is filed for the purpose of deregistering 1,295,137 shares of the $.01 par value common stock (the "Common Stock") of SouthBanc Shares, Inc. (the "Company") heretofore registered and offered pursuant to the terms of the Joint Proxy Statement/Prospectus dated June 13, 2000 (the "Prospectus"). The remaining 1,829,085 shares registered pursuant to this Registration Statement on Form S-4 have been issued in accordance with the Prospectus in the exchange described therein. The Company has determined that no further shares will be offered, exchanged and issued pursuant to the Prospectus. The Company therefore requests deregistration of the unissued shares of Common Stock registered pursuant to this Registration Statement as soon as is practicable after the filing of the Post-Effective Amendment No. 1. 3 CONFORMED SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Anderson, State of South Carolina, on November 1, 2000. SouthBanc Shares, Inc. By: /s/ Robert W. Orr ------------------------------------ Robert W. Orr President, Chief Executive Officer and Chairman of the Board