CONSENT OF INDEPENDENT ACCOUNTANTS

The Board of Directors
Revere Federal Savings and Loan Association

     We consent to the use of our report included herein and to the reference to
our firm in the Form MHC-1, Form MHC-2 and Application on Form H-e(1) for Revere
Federal Savings,  and any amendments  thereto,  and in the Prospectus,  which is
part of the  Registration  Statement  on Form SB- 2 for RFS  Bancorp,  under the
headings "Experts," "Legal and Tax Matters," "Federal and State Tax Consequences
of the Reorganization," and "Consolidated Statements of Income."

                                       SHATSWELL, MacLEOD & COMPANY, P.C.

West Peabody, Massachusetts
September 4, 1998