Written By David Slade firstname.lastname@example.org Apr 30, 2017, Post and Courier
A little help with downpayments and closing costs could make all the difference for lower-income home buyers. For potential homebuyers with lower than average incomes, there's a South Carolina bank offering down payment and closing-cost assistance that could make the difference necessary to make ownership a reality.
This may sound familiar, because I've written recently about homebuyer assistance from the S.C. State Housing Finance and Development Authority, but these
homeownership programs are offered by Florence-based First Reliance Bank, using funding from the Federal Home Loan Bank of Atlanta. There are a few variations of First Reliance's programs, but each of them offers thousands of dollars in financial help to buyers with incomes that don't exceed 80
percent of the area's median income, depending on family size.
So, the income limits vary depending on where the applicant lives, and the size of their family, but here are some examples of how that works out. For a single
individual, or a household of two, three, or four, here's what 80 percent of median income (the income limit) looks like in different parts of South Carolina:
• Charleston, Berkeley and Dorchester counties: $38,192, $43,648, $49,104, or $54,560.
• Lexington, Richland,
April 4, 2017, Florence, S.C. –
First Reliance Bank recently announced that sixteen associates have been named to the 2016 President’s Club.
Each year, as part of the bank’s associate rewards and recognition program, all managers have the opportunity to nominate an outstanding associate and submit a detailed reason of why the chosen associate deserves the award. Executive Management then carefully reviews the nominations and selects the associates who go above and beyond performance expectations and who are the best role models for living the values of First Reliance Bank.
President’s Club awards are for outstanding sales and service, operational excellence, professional, and leadership. The 2016 President’s Club Winners are: Stephanie McDuffie, Florence Service,
Brett Frazier, Florence Service
, Denise Lee, Florence Sales,
Allen Griffin, Florence Sales,
Nancy Yonce, Lexington Service
, Jason Koth, Lexington Sales
, Marc Knight, Charleston Sales, Sara Baggott, Charleston Service, Tracie Lang, Mortgage Business
, Johnny Nexsen, Mortgage Business,
Robyn Paul, Mortgage Business
, Valerie Faulkner, Mortgage Business
, Jamie Brittain, Indirect/Collections,
James Webb, Loan Operations,
Cammie Clavon, Deposit Operations/Call Center
, Linda Buie, Professional.
“Announcing the associates who are in the President’s Club is always something I look forward to each year. It’s just as hard for us to pick our top winners each
March 20, 2017, Florence, S.C. – First Reliance Bank has announced the appointment of J. Munford Scott, Jr. as Chairman of the Board. Judge Scott has served as a Director of First Reliance Bank since January 2007 and as Chairman of the Compensation Committee.
Scott is currently serving as Florence County Probate Judge. Before his election Judge Scott was an attorney employed with Turner, Padget, Graham, & Laney P.A. Mr. Scott practiced tax, probate and estate law in Florence and surrounding counties for over 40 years. He also served in the South Carolina House of Representatives 1978- 1979.
“We are excited to have Munford Scott as our Board Chairman as he is an exceptional leader in the community and has been a very active director throughout his ten years on the board. Munford has been a great mentor to me both while on the board and prior to being on the board” said Rick Saunders. “We look forward to working with him as Chairman and know he’ll provide guidance and leadership on the Board as the bank grows and expands into new markets. We are fortunate to have a strong board and directors willing to accept the responsibilities of a growing community
First Reliance Bank, a local Florence icon, was just named among the top 1 percent most extraordinary banks in the United States by The Institute for Extraordinary Banking™.
First Reliance Bank was recognized with the Institute’s Banky® Award for their commitment to strong community banking. This recognition is given to the top 60 out of 6,000 community banks across the country.
“We set out to make First Reliance Bank an exemplary community bank which doesn’t just exist to make money. We are proud to come to work every day with a purpose, “to make the lives of our customers better,” said Rick Saunders, First Reliance Bank CEO. “If you’ve been in banking long, you quickly understand that product and price do not differentiate you from the competition. The only differentiator is the customer experience which is the core of what we do. Our associates are driven by our purpose and I am proud of the exceptional experience we provide our customers every day.”
The Extraordinary Banking™ Awards exist to highlight the vital, yet often overlooked, role that local, community banks play in our economy. Consumers use the Grammys to guide their music purchases, the Emmys lead them to the best of television, and