UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A

[X]     Annual Report Pursuant To Section 13 Or 15(d)of The Securities Exchange
        Act Of 1934 For The Fiscal Year December 31, 2002.
                                       Or

[  ]    Transition Report Pursuant To Section 13 Or 15 (D) Of The Securities
        Exchange Act Of 1934
        For the Transition Period from ___________ to ________________

                        Commission file number 333-83851

                        Greenville First Bancshares, Inc.
                       ----------------------------------
             (Exact name of registrant as specified in its charter)

      South Carolina                                   58-2459561
---------------------------                 -----------------------------------
(State of Incorporation)                   (I.R.S. Employer Identification No.)

    112 Haywood Road
    Greenville , S.C.                         29607
----------------------------         -----------------------------------
(Address of principal                       (Zip Code)
 executive offices)

                                  864-679-9000
                               -----------------
                               (Telephone Number)

                                 Not Applicable
                            ----------------------
                          (Former name, former address
                             and former fiscal year,
                          if changed since last report)

        Securities registered pursuant to Section 12(b) of the Act: None
    Securities registered pursuant to Section 12(g) of the Act: Common Stock

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for past 90 days.
Yes    X          No
    --------         -----

      Check if there is no  disclosure  of  delinquent  filers  in  response
to Item 405 of  Regulation  S-B in this form,  and no disclosure will be
contained,  to the best of registrant's  knowledge,  in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB.  [X]

      The issuer's revenue for its most recent fiscal year was $8,673,081. As
of March 20, 2002, 1,150,000 shares of Common Stock were issued and outstanding.

      The estimated aggregate market value of the Common Stock held by
non-affiliates (shareholders holding less than 5% of an outstanding class of
stock, excluding directors and executive officers) of the Company on March 20,
2002 is $11,265,450. This calculation is based upon an estimate of the fair
market value of the Common Stock of $14.00 per share, which was the price of the
last trade of which management is aware prior to this date.

 Transitional Small Business Disclosure Format.  (Check one):  Yes       No  X
                                                                  ------  -----

                       DOCUMENTS INCORPORATED BY REFERENCE
Company's Proxy Statement for the 2002 Annual Meeting of Shareholders   Part III


<PAGE>


                                   SIGNATURES




         In accordance with Section 13 or 15(d) of the Securities Exchange Act
of 1934 (the "Exchange Act"), the registrant caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                       GREENVILLE FIRST BANCSHARES, INC..

Date:   March  28, 2003             By:   /s/ R. Arthur Seaver, Jr.
       ----------------                   ---------------------------
                                          President and Chief Executive Officer

         In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of the registrant in the capacities and on
the dates indicated.

Signature                              Title                              Date

*
----------------------------
James M. Austin, III                Chief Financial Officer,
                                    Principal Financial and
                                    Accounting Officer

*
----------------------------
Andrew B. Cajka                     Director


*
----------------------------
Mark A. Cothran                     Director



----------------------------
Leighton M. Cubbage                 Director


*
----------------------------
David G. Ellison                    Director


*
----------------------------
Anne S. Ellefson                    Director



----------------------------
Tecumseh Hooper, Jr.                Director


*
-------------------------------
Rudolph G. Johnstone, III, M.D.     Director


*
---------------------------
Keith J. Marrero                    Director


*
--------------------------
James B. Orders, III                Director, Chairman


*
---------------------------
William B. Sturgis                  Director

/s/ R. Arthur Seaver, Jr.
--------------------------
 R. Arthur Seaver, Jr.             Director, Chief Executive     March 28, 2003
                                   Officer and President
                                   (principal executive officer)

*
--------------------------
Fred Gilmer, Jr.                   Director, Senior Vice-
                                   President


/s/ R. Arthur Seaver, Jr.                                        March 28, 2003
----------------------------
R. Arthur Seaver, Jr.
As Attorney - In - Fact



                                       2
<PAGE>




                                CEO Certification

I, R. Arthur Seaver, Jr., certify that:

1. I have reviewed this annual report on Form 10-KSB of Greenville First
Bancshares, Inc.;

2. Based on my knowledge, this annual 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 annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual 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 annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiary, is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this annual report (the "Evaluation Date"); and

         c) presented in this annual report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.


Date:    March 26, 2003             By:   /s/ R. Arthur Seaver, Jr.
                                          -------------------------------------
                                          R. Arthur Seaver, Jr.
                                          President and Chief Executive Officer



                                       3
<PAGE>



                                CFO Certification

I, James M. Austin, III, certify that:

1. I have reviewed this annual report on Form 10-QSB of Greenville First
Bancshares, Inc.;

2. Based on my knowledge, this annual 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 annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual 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 annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiary, is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this annual report (the "Evaluation Date"); and

         c) presented in this annual report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.


Date:    March 26, 2003                     By:      /s/ James M. Austin, III
                                                     --------------------------
                                                     James M. Austin, III
                                                     Chief Financial Officer



<PAGE>




                                  EXHIBIT INDEX

Exhibit
Number                     Description

3.1.     Articles of Incorporation,  as amended  (incorporated by reference to
         Exhibit 3.1 of the Registration  Statement on Form SB-2,
         File No. 333-83851).

3.2.     Bylaws (incorporated by reference to Exhibit 3.2 of the Registration
         Statement on Form SB-2, File No. 333-83851).

4.1.     See Exhibits 3.1 and 3.2 for provisions in Greenville First
         Bancshares's Articles of Incorporation and Bylaws defining the rights
         of holders of the common stock (incorporated by reference to Exhibit
         4.1 of the Registration Statement on Form SB-2, File No. 333-83851).

4.2.     Form of certificate of common stock  (incorporated  by reference to
         Exhibit 4.2 of the  Registration  Statement on Form SB-2,
         File No. 333-83851).

10.1.    Employment Agreement dated July 27, 1999 between Greenville First
         Bancshares and Art Seaver (incorporated by reference to Exhibit 10.1 of
         the Registration Statement on Form SB-2, File No. 333-83851).

10.2.    Lease Agreement between Greenville First Bank and Halton Properties,
         LLC, formerly Cothran Properties, LLC (incorporated by reference to
         Exhibit 10.2 of Form 10-k filed on March 28, 2000).

10.3     Data Processing Services Agreement dated June 28, 1999 between
         Greenville First Bancshares and the Intercept Group (incorporated by
         reference to Exhibit 10.3 of the Registration Statement on Form SB-2,
         File No. 333-83851).

10.4     Form of Stock Warrant  Agreement  (incorporated by reference to Exhibit
         10.4 of the Registration  Statement on Form SB-2, File
         No. 333-83851).

10.5     Promissory Note dated February 22, 1999 from Greenville First
         Bancshares,  Inc. in favor of John J. Meindl, Jr.  (incorporated
         by reference to Exhibit 10.5 of the Registration Statement on
         Form SB-2, File No. 333-83851).

10.6     Standard  Form of Agreement  between  Greenville  First  Bancshares,
         Inc. and AMI  Architects  (incorporated  by reference to
         Exhibit 10.2 of Form 10-k filed on March 28, 2000).

21.1.    Subsidiaries of the Company (incorporated to Exhibit 21.1 to the
         Company's Form 10-KSB for the period ended December 31, 2002).

24       Power of Attorney (incorporated to Exhibit 24 to the Company's
         Form 10-KSB for the period ended  December 31, 2002).