<?xml version="1.0"?>
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    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001501591</cik>
        <entityName>First Carroll Bankshares, Inc.</entityName>
        <issuerAddress>
            <street1>305 Public Square</street1>
            <city>BERRYVILLE</city>
            <stateOrCountry>AR</stateOrCountry>
            <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
            <zipCode>72616</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>870-423-6601</issuerPhoneNumber>
        <jurisdictionOfInc>ARKANSAS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Wayne</firstName>
                <lastName>Clark</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>305 Public Square</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>W.A.</firstName>
                <lastName>Hudspeth</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>305 Public Square</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <lastName>Barrows</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>49 Country Road 404</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName>D.</middleName>
                <lastName>Fancher</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>8277 Highway 143</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <lastName>Hanby</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>305 Public Square</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Sally</firstName>
                <lastName>Phillips</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>305 Public Square</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jason</firstName>
                <lastName>Tenant</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>305 Public Square</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bobby</firstName>
                <lastName>Thurman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>305 Public Square</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rob</firstName>
                <lastName>Boaz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>305 Public Square</street1>
                <city>Berryville</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72616</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001501591-10-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>52</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>4999956</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>4999956</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>First Carroll Bankshares, Inc.</issuerName>
                <signatureName>W.A. Hudspeth III</signatureName>
                <nameOfSigner>W.A. Hudspeth III</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2010-10-27</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
