Greer Bancshares incorporated announces meeting of shareholders and payment of cash dividend

March 2, 2016

The board of directors of Greer Bancshares Incorporated, the parent company of Greer State Bank, has announced an annual cash dividend of $.20 (twenty cents) per share to be paid on April 29, 2016 to shareholders of record on March 22, 2016.

This cash dividend will be the second consecutive annual dividend paid by the Company, and the thirteenth year in which the Company has paid cash dividends. Greer Bancshares Incorporated trades in the over the counter market and is quoted on the OTC Bulletin Board under the symbol GRBS.

The board of directors of the Company has set the date of the Annual Meeting of the Shareholders of Greer Bancshares Incorporated to be Thursday, May 12, 2016, at 3:00 p.m., local time, at the West Poinsett Street office of Greer State Bank, 1111 West Poinsett Street, in Greer, South Carolina.

About Greer State Bank

Now in its twenty-eighth year of operations, Greer State Bank serves the greater Greer community with three branch offices, a fourth branch office in the Taylors community and a mortgage/business lending office in Clemson.  Greer State Bank is FDIC Insured and an Equal Housing Lender. More information on Greer State Bank can be found on the company website at http://www.GreerStateBank.com.