EXHIBIT 23.3



                                                               September 4, 1998


Board of Directors
Revere Federal Savings and Loan Association
310 Broadway
Revere, Massachusetts 02151


Gentlemen:

     We hereby  consent to the use of our firm's  name in the Form  MHC-1,  Form
MHC-2 and  Application  on Form  H-e(1)  for  Revere  Federal  Savings  and Loan
Association,  Revere, Massachusetts, and any amendments thereto, and in the Form
SB-2 Registration  Statement and any amendments thereto for RFS Bancorp, Inc. We
also  hereby  consent to the  inclusion  of,  summary of and  references  to our
Appraisal Report and our letter concerning  subscription  rights in such filings
including the Prospectus of RFS Bancorp, Inc.

                                                           Sincerely, 

                                                           RP FINANCIAL, L.C.


                                                           James J. Oren
                                                           Senior Vice President