EX-99.1 2 ex_1.htm JOINT FILING AGREEMENT ex_1.htm
Exhibit 1

JOINT FILING AGREEMENT
 
The undersigned hereby agree that this statement on Schedule 13D dated October 18, 2010 with respect to the common stock of Palmetto Bancshares, Inc.  is, and any amendments hereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
 
Dated:             October 18, 2010
 
 
 
CAPGEN CAPITAL GROUP V LP
   
   
 
By:
CAPGEN CAPITAL GROUP V LLC,
   
its general partner
   
   
 
By:
  
/s/ Eugene A. Ludwig
 
Name:
Eugene A. Ludwig
 
Title:
Managing Member
   
   
 
CAPGEN CAPITAL GROUP V LLC
   
   
 
By:
  
/s/ Eugene A. Ludwig
 
Name:
Eugene A. Ludwig
 
Title:
Managing Member
   
   
 
EUGENE A. LUDWIG
   
   
 
By:
  
/s/ Eugene A. Ludwig
 
Name:
Eugene A. Ludwig