Exhibit 31.2

Section 302 Certification

I, Dane Alexander, certify that:



|1. | I have reviewed this Form 10-QSB of Capitol City Bancshares, Inc.;
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|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;
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|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 small business issuer as of, and for, the periods presented in this report;
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|4. | The small business issuers other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) for the small business issuer and we have:
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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 small business issuer,
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) intentionally omitted pursuant to SEC Release Nos. 33-8238 and 34-47986;

c) evaluated the effectiveness
of the small business issuer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

d) disclosed in this report any change in the small business issuers internal control over financial reporting that
occurred during the small business issuers most recent fiscal quarter (the small business issuers fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the
small business issuers internal control over financial reporting; and



|5. | The small business issuers other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small
business issuers auditors and the audit committee of small business issuers board of directors (or persons performing the equivalent functions):
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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 small business 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 small business issuers internal control over financial reporting.

Date: November 14, 2006



/s/ Dane AlexanderDane Alexander, Senior Vice President of Accounting and Financial Reporting(Principal Financial and Accounting Officer)