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<p align="center"><b><font face="Times New Roman" size="2">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D. C. 20549</font></b></p><p align="center"><b>
<font face="Times New Roman" size="2">FORM 8-K</font></b></p><p align="center">
<b><font face="Times New Roman" size="2">&nbsp;CURRENT REPORT</font></b></p>
<p align="center"><font face="Times New Roman" size="2">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></p>
<p align="center"><font face="Times New Roman" size="2">Date of Report (Date of earliest event reported):
<b>January 7, 2005</b></font></p><p align="center"><b>
<font face="Times New Roman">Palmetto Bancshares, Inc.<br>
</font></b><font face="Times New Roman" size="2">(Exact name of registrant as specified in charter)</font></p>
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			<td align="middle"><font size="2"><b>South Carolina</b>&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
			<td align="middle"><b><font size="2">0-26016&nbsp;</font></b></td>
			<td align="middle"><b><font size="2">&nbsp;&nbsp;&nbsp; 74-2235055</font></b></td>
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			<td align="middle"><font size="2">&nbsp;-----------------</font></td>
			<td align="middle"><font size="2">---------------</font></td>
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			<td align="middle"><font size="2">&nbsp; State or other&nbsp;&nbsp;</font></td>
			<td align="middle"><font size="2">Commission File Number</font></td>
			<td align="middle"><font size="2">IRS Employer </font></td>
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			<td align="middle"><font size="2">&nbsp;jurisdiction of
			incorporation or&nbsp;</font></td>
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			<td align="middle"><font size="2">Identification&nbsp;Number</font></td>
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			<td align="middle"><font size="2">&nbsp; organization</font></td>
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<p style="TEXT-ALIGN: center"><b><font size="2">301 Hillcrest Drive, Laurens,
South Carolina, 29360<br>
</font></b><font size="2">--------------------------------------------&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Address of principal executive offices, including zip code</font></p>
<p style="TEXT-ALIGN: center"><b><font size="2">(864) 984-4551<br>
</font></b><font size="2">--------------<br>
Registrant's telephone number</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp; 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):</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp; [&nbsp;&nbsp; ]&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act&nbsp;
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17 CFR 230.425)</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp; [&nbsp;&nbsp; ]&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; (17 CFR 240.14a-12)</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp; [ &nbsp; ]&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp; [&nbsp;&nbsp; ]&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange Act (17 CFR 240.13e-4(c))</font></p>
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<p><b><font face="Times New Roman" size="2">Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Results of Operations and Financial Condition.</font></b></p>
<p><font face="Times New Roman" size="2">On January 7, 2005, Palmetto Bancshares, Inc. issued a press release which discloses the results of operations and financial condition of the Company for the
year ended December 31, 2004.</font></p><p>
<font face="Times New Roman" size="2">For more information regarding this matter, see the shareholder earnings overview attached hereto as Exhibit 99.</font></p>
<p><b><font face="Times New Roman" size="2">Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits</font></b></p>
<p><font face="Times New Roman" size="2">(c) Exhibits</font></p><p>
<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp; 99&nbsp;&nbsp; Press Release issued
January 7, 2005.</font></p><p align="center">
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<font face="Times New Roman" size="2">SIGNATURES</font></b></p><p>&nbsp;</p><p>
<font face="Times New Roman" size="2">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 thereunto duly authorized.</font></p>
<p>&nbsp;</p><p><font face="Times New Roman" size="2">PALMETTO BANCSHARES, INC.</font></p>
<p>&nbsp;</p><p><font face="Times New Roman" size="2">By:</font></p><p>
<font face="Times New Roman" size="2">/s/ L. Leon Patterson<br>
------------------------------------<br>
L. Leon Patterson<br>
Chairman and Chief Executive Officer<br>
&nbsp;</font></p><p><font face="Times New Roman" size="2">/s/ Paul W. Stringer<br>
------------------------------------<br>
Paul W. Stringer<br>
President and Chief Operating Officer<br>
&nbsp;</font></p><p>&nbsp;</p><p>&nbsp;</p><p>
<font face="Times New Roman" size="2">Date:&nbsp;&nbsp; January 10, 2005</font></p>
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Palmetto 8-K by EDGAR2.com
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 (Date of earliest event reported):
January 7, 2005
Palmetto Bancshares, Inc.
(Exact name of registrant as specified in charter)
South Carolina
0-26016
74-2235055
------------------
-----------------
---------------
State or other
Commission File Number
IRS Employer
jurisdiction of
			incorporation or
Identification Number
organization
301 Hillcrest Drive, Laurens,
South Carolina, 29360
--------------------------------------------
Address of principal executive offices, including zip code
(864) 984-4551
--------------
Registrant's telephone number
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 2.02.        Results of Operations and Financial Condition.
On January 7, 2005, Palmetto Bancshares, Inc. issued a press release which discloses the results of operations and financial condition of the Company for the
year ended December 31, 2004.
For more information regarding this matter, see the shareholder earnings overview attached hereto as Exhibit 99.
Item 9.01.        Financial Statements and Exhibits
(c) Exhibits
99   Press Release issued
January 7, 2005.
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 thereunto duly authorized.
PALMETTO BANCSHARES, INC.
By:
/s/ L. Leon Patterson
------------------------------------
L. Leon Patterson
Chairman and Chief Executive Officer
/s/ Paul W. Stringer
------------------------------------
Paul W. Stringer
President and Chief Operating Officer
Date:   January 10, 2005