Exhibit 23.1



                         Consent of Independent Auditors


We consent to the incorporation by reference in the Registration Statement
(Form S-8 No. 333-69338) pertaining to the Perpetual Bank, A Federal Savings
Bank 1997 Stock Option Plan, the SouthBanc Shares, Inc. 1998 Stock Option Plan,
and the SouthBanc Shares, Inc. 2001 Stock Option Plan, of our report dated June
22, 2001, with respect to the consolidated financial statements of National
Commerce Financial Corporation included in its Annual Report (Form 10-K/A) for
the year ended December 31, 2000, filed with the Securities and Exchange
Commission.

                                        /s/ Ernst & Young LLP


Memphis, Tennessee
December 26, 2001