SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934




        Date of Report (Date of earliest event reported): March 31, 2003
                                                          --------------




                          Greer Bancshares Incorporated
                          -----------------------------
                           (Exact name of registrant
                           as specified in its charter)




     South Carolina              000-33021                     57-1126200
- --------------------------------------------------------------------------------
  (State or other               (Commission                 (I.R.S. Employer
  jurisdiction of                File Number)                Identification No.)
  incorporation)




              1111 W. Poinsett Street, Greer, South Carolina 29650
              ----------------------------------------------------
              (Address of principal executive offices)   (Zip Code)




       Registrant's telephone number, including area code: (864) 877-2000
                                                           --------------




                                 Not Applicable
                                 --------------
         (Former name or former address, if changed since last report.)









Item 5.  Other Events.

On March 31, 2003, the Board of Directors of Greer Bancshares Incorporated, the
parent company of Greer State Bank, declared an annual cash dividend of 70 cents
per share, to be paid in semi-annual payments of 35 cents per share on May 15,
2003 and November 15, 2003, to shareholders of record on April 15, 2003 and
October 15, 2003 respectively.

A copy of this press release is attached as Exhibit 99.1 to this Form 8-K.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(c) The following information is filed as an exhibit to the Current Report on
    Form 8-K:

Exhibit No. 99.1 - Description: Press release issued March 31, 2003





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                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                              GREER BANCSHARES INCORPORATED



                              By:   /s/ R. Dennis Hennett
                                 --------------------------------------------
                              Name:  R. Dennis Hennett
                              Title: President and Chief Executive Officer

Dated: April 2, 2003



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