Exhibit 23.2



                  CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


      We consent to the incorporation by reference in the registration
statement on Form S-8 of RFS Bancorp, Inc. of our report dated October 22,
1998, relating to the consolidated balance sheets of Revere Federal Savings
and Loan Association and Subsidiary as of September 30, 1998 and 1997, and
the related consolidated statement of income, changes in equity and cash
flows for each of the years in the three-year period ended September 30,
1998, which report is included in the September 30, 1998 Form 10-KSB of RFS
Bancorp., Inc.



                                       SHATSWELL, MacLEOD & COMPANY, P.C.


West Peabody, Massachuseets
June 28, 1999