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First Reliance Bank

Press Releases

FIRST RELIANCE BANK ADDS THREE TO WINSTON-SALEM TEAM

April 3, 2018, Florence, SC – First Reliance Bank is pleased to welcome Andy McDowell, Fuller Parham and David Dahl to the Winston-Salem Loan Production Office, which opened in the fall of 2017. McDowell serves as Senior Vice President and City Executive for the Winston-Salem, NC market.  In his new role, he will be charged with developing and managing banking relationships with small-to-mid-size business owners.  He will also be responsible for building the First Reliance Bank team and promoting their brand in the greater Forsyth County market.  McDowell brings more than 30 years of banking experience to the position, most of which has been in leadership positions in the Winston-Salem area. First Reliance Bank is also adding two new relationship bankers to the existing team showing their commitment to Winston-Salem.  Fuller Parham and David Dahl have joined the team which already includes Alan Lomax. Mr. Parham received his MBA from Wake Forest University and has extensive experience in commercial business development, portfolio management, and credit analysis. Mr. Dahl, a graduate of Elon University, brings a broad range of financial services knowledge and experience, including two decades in business banking, insurance, branch management and financial advising on the brokerage side. “I am excited to be leading

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Eighteen Associates Awarded President’s Club

March 29, 2018, Florence, S.C.  – First Reliance Bank recently announced that eighteen associates have been named to the 2017 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 2017 President’s Club Winners are: Marie Wheeler, Florence Service,  David Mullins, Florence Service,  CM Brown, Florence Sales, Pam McCaskill, Florence Sales,  Tracy Brown, Lexington Service, Jason Koth, Lexington Sales, Bobby Mathewes, Charleston Sales, Shaniqua Pinckney, Charleston Service, Tina Tran, Greenville Service, Connie Griffin, Greenville Sales, Tracie Lang, Mortgage Operations, Toni Duncan, Mortgage Operations, Johnny Nexsen, Mortgage Sales, Robyn Paul, Mortgage Sales, Brett Frazier, Credit Admin/Loan Ops, Wendy Edgerton, Dealer Services/Collections , Cammie Clavon, Deposit Operations/Call Center, Pam Rhoads, 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

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Brazell Named President of South Carolina

Rapidly growing First Reliance Bank promotes one of its top executives to the position of President of South Carolina. March 27, 2017, Florence, S.C. — Banking executive Ben Brazell has been promoted to the role of President South Carolina as part of the growth strategy of Florence-based First Reliance Bank. He will oversee sales management and community development for all South Carolina markets, as well as leading the growth initiatives of branch and market expansion, strategic acquisitions, and is responsible for the profitability of the SC sales platform. During his career, Mr. Brazell has held a number of positions in the banking industry, including sales management and executive leadership. Prior to coming to First Reliance, he served as Market President in Tennessee for a national bank, where he provided leadership and strategic direction to all business lines and activities. Most recently, he has served as First Reliance Market President for Charleston, SC. “I’ve lived and worked in banking in several markets of South Carolina,” said Mr. Brazell. “I love the variety and visionary qualities of the state. Leading the people of First Reliance Bank to grow our business by serving this state is a very exciting challenge for me. Our bank’s purpose, ‘to

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Merger with Independence National Bank Complete

FLORENCE, S.C., Jan. 24, 2018 -- First Reliance Bancshares, Inc. (OTC Pink:  FSRL) ("First Reliance") today announced that it completed the acquisition of Greenville, South Carolina-based Independence Bancshares, Inc. (OTCQB:  IEBS) ("Independence") effective January 23, 2018.  Independence's bank subsidiary, Independence National Bank, was merged with First Reliance's bank subsidiary, First Reliance Bank, with First Reliance Bank continuing as the surviving bank.  The full conversion of the Independence National Bank systems is expected to be completed by March 5, 2018. The acquisition of Independence National Bank expands First Reliance's presence in the dynamic Greenville, South Carolina market and is an integral part of the bank's broader strategy to expand its footprint in top-tier markets throughout North and South Carolina.  The acquisition gives the existing First Reliance team in Greenville additional resources to expand its presence in the market, and provides further momentum in executing the bank's targeted expansion strategy.  First Reliance is a strong partner in all of the communities it serves, and is excited to expand its role in the Greenville community. "This is a transaction about a true local community bank acquiring one of the finest banking franchises remaining in Greenville, South Carolina.  We are thrilled to welcome all the associates at

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