**Exhibit 99.1**

**CERTIFICATION**

“I, J. Richard Medlock, Jr., certify that based on my knowledge, that:

(i) The compensation committee of Greer Bancshares Incorporated has discussed, reviewed, and evaluated with senior risk officers at leastevery six months during any part of the most recently completed fiscal year that was a TARP period, senior executive officer (SEO) compensation plans and employee compensation plans and the risks these plans pose to Greer Bancshares Incorporated;

(ii) The compensation committee of Greer Bancshares Incorporated has identified and limited during any part of the most recently completedfiscal year that was a TARP period any features of the SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Greer Bancshares Incorporated and has identified any features in the employeecompensation plans that pose risks to Greer Bancshares Incorporated and has limited those features to ensure that Greer Bancshares Incorporated is not unnecessarily exposed to risks; 

(iii) The compensation committee has reviewed, at least every six months during any part of the most recently completed fiscal year that was a TARP period, the terms of each employee compensation plan andidentified any features of the plan that could encourage the manipulation of reported earnings of Greer Bancshares Incorporated to enhance the compensation of an employee and has limited any such features; 

(iv) The compensation committee of Greer Bancshares Incorporated will certify to the reviews of the SEO compensation plans and employee compensationplans required under (i) and (iii) above; 

(v) The compensation committee of Greer Bancshares Incorporated will provide a narrativedescription of how it limited during any part of the most recently completed fiscal year that was a TARP period the features in (A) SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten thevalue of Greer Bancshares Incorporated; (B) Employee compensation plans that unnecessarily expose Greer Bancshares Incorporated to risks; and (C) Employee compensation plans that could encourage the manipulation of reported earnings ofGreer Bancshares Incorporated to enhance the compensation of an employee; 

(vi) Greer Bancshares Incorporated has required that bonus paymentsto SEOs or any of the next twenty most highly compensated employees, as defined in the regulations and guidance established under section 111 of EESA (bonus payments), be subject to a recovery or “clawback” provision during any part of themost recently completed fiscal year that was a TARP period if the bonus payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria; 

(vii) Greer Bancshares Incorporated has prohibited any golden parachute payment, as defined in the regulations and guidance established under section 111of EESA, to a SEO or any of the next five most highly compensated employees during any part of the most recently completed fiscal year that was a TARP period; 

(viii) Greer Bancshares Incorporated has limited bonus payments to its applicable employees in accordance with section 111 of EESA and the regulations and guidance established thereunder during any partof the most recently completed fiscal year that was a TARP period; 

(ix) Greer Bancshares Incorporated and its employees have complied withthe excessive or luxury expenditures policy, as defined in the regulations and guidance established under section 111 of EESA, during any part of the most recently completed fiscal year that was a TARP period; and any expenses that, pursuant to thepolicy, required approval of the board of directors, a committee of the board of directors, an SEO, or an executive officer with a similar level of responsibility were properly approved; 

(x) Greer Bancshares Incorporated will permit a non-binding shareholder resolution in compliance with any applicable Federal securities rules and regulations on the disclosures provided under the Federalsecurities laws related to SEO compensation paid or accrued during any part of the most recently completed fiscal year that was a TARP period; 

(xi) Greer Bancshares Incorporated will disclose the amount, nature, and justification for the offeringduring any part of the most recently completed fiscal year that was a TARP period of any perquisites, as defined in the regulations and guidance established under section 111 of EESA, whose total value exceeds $25,000 for for each employee who issubject to the bonus payment limitations identified in paragraph (viii); 

(xii) Greer Bancshares Incorporated will disclose whether GreerBancshares Incorporated, the board of directors of Greer Bancshares Incorporated, or the compensation committee of Greer Bancshares Incorporated has engaged during any part of the most recently completed fiscal year that was a TARP period acompensation consultant; and the services the compensation consultant or any affiliate of the compensation consultant provided during this period; 

(xiii) Greer Bancshares Incorporated has prohibited the payment of any gross ups, as defined in the regulations and guidance established under section 111 of EESA, to the SEOs and the next twenty mosthighly compensated employees during any part of the most recently completed fiscal year that was a TARP period; 

(xiv) Greer BancsharesIncorporated has substantially complied with all other requirements related to employee compensation that are provided in the agreement between Greer Bancshares Incorporated and Treasury, including any amendments; 

(xv) Greer Bancshares Incorporated has submitted to Treasury a complete and accurate list of the SEOs and the twenty next most highly compensatedemployees for the current fiscal year, with the non-SEOs ranked in descending order of level of annual compensation, and with the name, title, and employer of each SEO and most highly compensated employee identified; and 

(xvi) I understand that a knowing and willful false or fraudulent statement made in connection with this certification may be punished by fine,imprisonment, or both. (See, for example 18 U.S.C. 1001.) 

Date: March 31, 2011 

 
/s/ J. Richard Medlock, Jr.
J. Richard Medlock, Jr.

Executive Vice President, Chief Financial Officer, and Acting Chief Executive Officer