-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OX7Rbzrr7bwuFx4DZrtPFt/XCDaqsuuWBTvGUdL5Q7H1/Q7+62AH/q1LmKcvQTth
 F32gQN9OqmVSq2kjd4r+GA==

<SEC-DOCUMENT>0001209251-10-000001.txt : 20100412
<SEC-HEADER>0001209251-10-000001.hdr.sgml : 20100412
<ACCEPTANCE-DATETIME>20100412170234
ACCESSION NUMBER:		0001209251-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100412
DATE AS OF CHANGE:		20100412
EFFECTIVENESS DATE:		20100412

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GEMINI BANCSHARES INC
		CENTRAL INDEX KEY:			0001209251
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CO

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-140438
		FILM NUMBER:		10745422

	BUSINESS ADDRESS:	
		STREET 1:		5550 POWERS CENTER POINT
		CITY:			COLORADO SPRINGS
		STATE:			CO
		ZIP:			80920
		BUSINESS PHONE:		(719) 495-3700

	MAIL ADDRESS:	
		STREET 1:		5550 POWERS CENTER POINT
		CITY:			COLORADO SPRINGS
		STATE:			CO
		ZIP:			80920
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001209251</cik>
        <entityName>GEMINI BANCSHARES INC</entityName>
        <issuerAddress>
            <street1>5550 POWERS CENTER POINT</street1>
            <city>COLORADO SPRINGS</city>
            <stateOrCountry>CO</stateOrCountry>
            <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
            <zipCode>80920</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(719) 495-3700</issuerPhoneNumber>
        <jurisdictionOfInc>COLORADO</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Randall</firstName>
                <middleName>B.</middleName>
                <lastName>Rush</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9125 Chetwood Dr.</street1>
                <city>Colorado Springs</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>80920</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>W.</middleName>
                <lastName>Wyss</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1590 Ridgeview Circle</street1>
                <city>Monument</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>80132</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>L.</firstName>
                <middleName>Blaine</middleName>
                <lastName>Rush</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1724 Pine Mesa Grove</street1>
                <city>Colorado Springs</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>80918</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <lastName>Blaha</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>14335 Roller Coaster Road</street1>
                <city>Colorado Springs</city>
                <stateOrCountry>CO</stateOrCountry>
                <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                <zipCode>80921</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$5,000,001 - $25,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-03-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>2012832</totalOfferingAmount>
            <totalAmountSold>121464</totalAmountSold>
            <totalRemaining>1891368</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>GEMINI BANCSHARES INC</issuerName>
                <signatureName>Randall B. Rush</signatureName>
                <nameOfSigner>Randall B. Rush</nameOfSigner>
                <signatureTitle>Secretary &amp; Treasurer</signatureTitle>
                <signatureDate>2010-04-09</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----