EXHIBIT 23.4



                                                                    Exhibit 23.4

                         Consent of Independent Auditors

We consent to the reference to our firm under the caption "Experts" and to the
use of our report dated November 17, 2000, with respect to the consolidated
financial statements of Innes Street Financial Corporation for the years ended
September 30, 2000 and 1999 included in the Pre-Effective Amendment No. 1 to
Registration Statement (Form S-1 No. 333-91498) and related Prospectus for the
registration of up to 4,600,000 shares of its common stock and the Form AC of
Citizens South Banking Corporation to be filed with the Securities and Exchange
Commission and the Office of Thrift Supervision.


                                            /s/ Ernst & Young LLP


Greensboro, North Carolina
August 5, 2002