EXHIBIT 23.2


                  [ELLIOT, DAVIS & COMPANY, L.L.P. LETTERHEAD]


                          INDEPENDENT AUDITORS' CONSENT

      We  consent  to  the  incorporation  by  reference  in  this  Registration
Statement of SouthBanc Shares, Inc. ("Company"), on Form S-3 of our report dated
November 20,  1998,  appearing  in and  incorporated  by reference in the Annual
Report on Form 10-K of SouthBanc  Shares,  Inc. for the year ended September 30,
1998, and to the reference to us under the heading  "Experts" in the Prospectus,
which is part of this Registration Statement.


                                           /s/ Elliot, Davis & Company, L.L.P.

Greenville, South Carolina
May 27, 1999