<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-10-29</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000836043</issuerCik>
        <issuerName>COMMERCESOUTH INC</issuerName>
        <issuerTradingSymbol>COSO</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001190457</rptOwnerCik>
            <rptOwnerName>MOORER WILLIAM D JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2700 NE EXPRESSWAY</rptOwnerStreet1>
            <rptOwnerStreet2>BUILDING C SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>30345</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>CommerceSouth, Inc.</value></securityTitle><transactionDate><value>2003-10-29</value></transactionDate><deemedExecutionDate><value>2003-10-29</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F1"/></transactionCoding><transactionAmounts><transactionShares><value>37.269</value></transactionShares><transactionPricePerShare><value>25.49</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>52950.047</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeHolding><securityTitle><value>CommerceSouth, Inc.</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>6721</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>Spouse</value></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><footnotes><footnote id="F1">Purchase under qualified Director Deferred Compensation Plan</footnote></footnotes><ownerSignature><signatureName>Paula V. McKee by POA for William D. Moorer, Jr., Director</signatureName><signatureDate>2003-10-30</signatureDate></ownerSignature></ownershipDocument>



