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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934</B>&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD COLSPAN="4" STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">Date of Report: March 22, 2012</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 2.85pt; padding-left: 2.85pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BANK OF SOUTH CAROLINA CORPORATION<B>&nbsp;</B></P></TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">South Carolina</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">0-27702</TD>
    <TD STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">57-1021355</TD></TR>
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    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: center">(State or other jurisdiction <BR> of incorporation)</TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: center">(Commission<BR> File Number)</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; text-align: center">(I.R.S. Employer<BR> Identification No.)</TD></TR>
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    <TD COLSPAN="3" STYLE="border-bottom: windowtext 1pt solid; padding-top: 3pt; padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">256 Meeting Street, Charleston, SC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-top: 3pt; padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">29401</TD></TR>
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    <TD COLSPAN="3" STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">(Zip Code)</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 2.85pt; font-size: 10pt">Registrant&rsquo;s telephone number, including area code</TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; font-size: 10pt">(843)724-1500</TD></TR>
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    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 2.85pt; padding-bottom: 3pt; padding-left: 2.85pt; font-size: 10pt; text-align: center">(Former name or former address, if changed since last report.)</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt">&nbsp;</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt">&nbsp;</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt">&nbsp;</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt">&nbsp;</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 10pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 23%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01 OTHER EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>On March 22, 2012 the Bank of South Carolina Corporation
issued a press release announcing a $.11 cash dividend. The information contained in the press release is deemed to be &ldquo;filed&rdquo;
under the Securities Exchange Act of 1934 as Item 8.01 to this report, and such press release is incorporated herein by reference.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-decoration: underline">Bank of South Carolina Corporation</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">(Registrant)&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">Date: March 22, 2012</TD></TR>
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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 50%; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="width: 46%; vertical-align: top">/s/ Sheryl G. Sharry</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid">Sheryl G. Sharry<BR> Chief Financial Officer <BR> Executive Vice President and Cashier</TD></TR>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report: March 22, 2012
BANK OF SOUTH CAROLINA CORPORATION
(Exact name of registrant as specified in its charter)
South Carolina
0-27702
57-1021355
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
256 Meeting Street, Charleston, SC
29401
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(843)724-1500
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 OTHER EVENTS
On March 22, 2012 the Bank of South Carolina Corporation
issued a press release announcing a $.11 cash dividend. The information contained in the press release is deemed to be "filed"
under the Securities Exchange Act of 1934 as Item 8.01 to this report, and such press release is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Bank of South Carolina Corporation
(Registrant)
Date: March 22, 2012
By:
/s/ Sheryl G. Sharry
Sheryl G. Sharry
Chief Financial Officer
Executive Vice President and Cashier
2