SECTION 302 CERTIFICATION


I, Walter G. Kelly,  President and Chief  Executive  Officer of Skibo  Financial
Corp., certify that:

     1.   I have  reviewed  this  quarterly  report  on  Form  10-QSB  of  Skibo
          Financial Corp.;

     2.   Based on my  knowledge,  this  report  does  not  contain  any  untrue
          statement  of a  material  fact  or  omit to  state  a  material  fact
          necessary to make the statements  made, in light of the  circumstances
          under which such  statements were made, not misleading with respect to
          the period covered by this report;

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this report,  fairly  present in all material
          respects the financial condition, results of operations and cash flows
          of the  registrant  as of,  and for,  the  periods  presented  in this
          report;

     4.   The registrant's  other  certifying  officer and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange Act Rule 13a-15(e)) for the registrant and have:

          (a)  Designed such disclosure controls and procedures,  or caused such
               disclosure  controls  and  procedures  to be  designed  under our
               supervision,  to ensure that material information relating to the
               registrant,  including  its  consolidated  subsidiaries,  is made
               known to us by others within those entities,  particularly during
               the period in which this report is being prepared;

          b)   Evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls  and   procedures  and  presented  in  this  report  our
               conclusions  about the  effectiveness of the disclosure  controls
               and  procedures,  as of the  end of the  period  covered  by this
               report based on such evaluation; and

          c)   Disclosed in this report any change in the registrant's  internal
               control  over  financial   reporting  that  occurred  during  the
               registrant's  most  recent  fiscal  quarter  that has  materially
               affected,  or is  reasonably  likely to  materially  affect,  the
               registrant's internal control over financial reporting; and

     5.   The issuer's other certifying  officer and I have disclosed,  based on
          our  most  recent   evaluation  of  internal  control  over  financial
          reporting  (as  defined  in  Exchange  Act  Rules  13a-15(f)),  to the
          issuer's  auditors and the audit  committee  of the issuer's  board of
          directors (or persons performing the equivalent functions):

          a)   All  significant  deficiencies  and  material  weaknesses  in the
               design or operation of internal control over financial  reporting
               which are  reasonably  likely to  adversely  affect the  issuer's
               ability  to  record,  process,  summarize  and  report  financial
               information; and

          b)   Any fraud,  whether or not material,  that involves management or
               other  employees  who  have a  significant  role in the  issuer's
               internal control over financial reporting.



Date: January 27, 2004                  /s/Walter G. Kelly
                                           -------------------------------------
                                           Walter G. Kelly
                                           President and Chief Executive Officer


<PAGE>


                            SECTION 302 CERTIFICATION


I, Carol A.  Gilbert,  Chief  Financial  and  Operating  Officer,  Secretary and
Treasurer of Skibo Financial Corp., certify that:

     1.   I have  reviewed  this  quarterly  report  on  Form  10-QSB  of  Skibo
          Financial Corp.;

     2.   Based on my  knowledge,  this  report  does  not  contain  any  untrue
          statement  of a  material  fact  or  omit to  state  a  material  fact
          necessary to make the statements  made, in light of the  circumstances
          under which such  statements were made, not misleading with respect to
          the period covered by this report;

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this report,  fairly  present in all material
          respects the financial condition, results of operations and cash flows
          of the  registrant  as of,  and for,  the  periods  presented  in this
          report;

     4.   The registrant's  other  certifying  officer and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange Act Rule 13a-15(e)) for the registrant and have:

          (a)  Designed such disclosure controls and procedures,  or caused such
               disclosure  controls  and  procedures  to be  designed  under our
               supervision,  to ensure that material information relating to the
               registrant,  including  its  consolidated  subsidiaries,  is made
               known to us by others within those entities,  particularly during
               the period in which this report is being prepared;

          b)   Evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls  and   procedures  and  presented  in  this  report  our
               conclusions  about the  effectiveness of the disclosure  controls
               and  procedures,  as of the  end of the  period  covered  by this
               report based on such evaluation; and

          c)   Disclosed in this report any change in the registrant's  internal
               control  over  financial   reporting  that  occurred  during  the
               registrant's  most  recent  fiscal  quarter  that has  materially
               affected,  or is  reasonably  likely to  materially  affect,  the
               registrant's internal control over financial reporting; and

     5.   The issuer's other certifying  officer and I have disclosed,  based on
          our  most  recent   evaluation  of  internal  control  over  financial
          reporting  (as  defined  in  Exchange  Act  Rules  13a-15(f)),  to the
          issuer's  auditors and the audit  committee  of the issuer's  board of
          directors (or persons performing the equivalent functions):

          a)   All  significant  deficiencies  and  material  weaknesses  in the
               design or operation of internal control over financial  reporting
               which are  reasonably  likely to  adversely  affect the  issuer's
               ability  to  record,  process,  summarize  and  report  financial
               information; and

          b)   Any fraud,  whether or not material,  that involves management or
               other  employees  who  have a  significant  role in the  issuer's
               internal control over financial reporting.



Date: January 27, 2004                  /s/Carol A. Gilbert
                                        --------------------------------------
                                        Carol A. Gilbert
                                        Chief Financial and Operating Officer,
                                        Secretary and Treasurer