EXHIBIT 23.1






                          INDEPENDENT AUDITORS' CONSENT



     We consent to the incorporation by reference in this Registration Statement
of Palmetto Banchshares,  Inc. on Form S-8 of our report dated February 7, 2003,
included in the Annual Report on Form 10-K of Palmetto  Banchares,  Inc. for the
year ended December 31, 2002.

                                       /s/ Elliott Davis, LLC


Greenville, South Carolina
August 20, 2003