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
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