UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Ricketson, Michael E. P.O. Box 3460 Valdosta, GA 31604-3460 2. Issuer Name and Ticker or Trading Symbol PAB Bankshares, Inc. (PAB) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 11/02 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) President/CEO (1) 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person

Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 2,000.0000 I Direct Joint Common Stock 1,100.0000 D Direct Common Stock 09/09/02 L V 70.4889 A $8.49920 I ESPP (2) Common Stock 10/11/0102 L V 72.2847 A $8.28990 I ESPP (2) Common Stock 11/06/02 L V 67.2594 A $8.92960 210.0330 I ESPP (2) Common Stock 11/27/02 P 12,000.0000 A $98.~~02000~~55000 1517,700.0000 I IRA Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $79.~~70000~~37500 0801/0201/1211 to buy) Incentive Stock Option (right $910.~~37500~~60000 0109/0126/11 to buy) Incentive Stock Option (right $1013.~~60000~~93800 0901/2628/1110 to buy) Incentive Stock Option (right $137.~~93800~~70000 0108/2802/1012 to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right Common Stock 237,000.0000 237,000.0000 D Direct to buy) Incentive Stock Option (right Common Stock 720,~~000~~455.0000 720,~~000~~455.0000 D Direct to buy) Incentive Stock Option (right Common Stock 202,~~455~~000.0000 202,~~455~~000.0000 D Direct to buy) Incentive Stock Option (right Common Stock 223,000.0000 223,000.0000 D Direct to buy) Explanation of Responses: (1) President/Chief Executive Officer (2) Shares purchased with 50% company match funds. Shares purchased with company match funds are vested at 50% per year for two year ve sting period.

SIGNATURE OF REPORTING PERSON /S/ Ricketson, Michael E. DATE 11/27/02

Filing Compare · RICKETSON MICHAEL E