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First Reliance Bank

First Reliance Bank Historical Events Timeline

First Reliance Banking Historical Timeline


Since our opening, First Reliance Bank has had a clear vision to become the largest and most profitable bank in South Carolina, while making the lives of our customers better. Here are just a few of the benchmarks we’ve set along the way:

7/19  20th Anniversary of the founding of First Reliance Bank

4/19 Rick Saunders, CEO/President, awarded Order Of The Palmetto from Governor McMaster presented by Senator Hugh Leatherman.  Order of the Palmetto is the highest civilian award given to recognized contributions made to the betterment of the state and our communities.

1/19  Raised $22,000 for the American Cancer Association and the McLeod Hope Fund

10/18 Named to Dave Thomas Foundation for Adoption’s Top 100 Best Adoption-Friendly Workplaces 10th consecutive year

8/18 Named a Best Places To Work for the 13th consecutive year and one of the only companies to have received it each year since the program began.

4/18 Expansion into Lake Norman, North Carolina Market with a Loan Production Office

3/18 Expansion into Myrtle Beach with a full service branch at a temporary location and future plans for a permanent location

1/18 First Reliance Bank Legal Close of merger of Independence National Bank, a community bank in Greenville SC

10/17 Named to Dave Thomas Foundation for Adoption’s Top 100 Best Adoption-Friendly Workplaces 9th consecutive year

9/17 First Reliance Announce Acquisition of Independence National Bank, a community bank headquartered in Greenville

9/17 Expansion into the Lexington/Winston-Salem North Carolina Market with a Loan Production Office

8/17 18th Anniversary celebrated throughout First Reliance’s markets and on social media with special recognition for Hometown Heroes.

6/17 Summerville expansion into a full service Branch

6/17 Named a Best Places To Work for the 12th consecutive year and one of the only companies to have received it each year since the program began.

5/17 Awarded 5-Star Superior rating for being one of the strongest financial institutions in the nation by BauerFinancial

5/17 Customer Satisfaction Rating of 95% from our customers

4/17 Expansion into Summerville with a Loan Production Office

4/17 First Reliance donates over $21,000 of money raised through fundraisers to McLeod Hospital for cancer patients and to the American Cancer Society.

10/16 Named to Dave Thomas Foundation for Adoption’s Top 100 Best Adoption-Friendly Workplaces 8th consecutive year.

10/16 Opened a  full service branch in Loris to service the  Loris/Conway/Tabor City and N. Myrtle Beach, S.C. markets

8/16 17th Anniversary celebrated throughout First Reliance’s markets and on social media

7/16 First Reliance holds Law Enforcement Appreciation Events for their support of our communities and businesses.

7/16 Expansion into the Loris/Conway/N.Myrtle Beach market with a Loan Office in Loris, S.C.

6/16 Mobile Deposit and consumer Loan Payment Portal  introduced as part of the Reliance-On-The-Go Convenient services

6/16 First Reliance Bank receives a Banky Award from the Institute of Extraordinary Banking

6/16 Named a Best Places To Work for the 11th consecutive year

4/16 First Reliance donates over $23,000 of money raised through fundraisers to the American Cancer Society.

2/16 Rick Saunders, CEO, receives FDTC ENTREPRENEUR Award for Leadership and Business Contribution to Our Communities

11/15  Paul Saunders, EVP, Relationship Banker receives He Behind The She, She Magazine Award for his support of  woman-owned small business

10/15 Named to Dave Thomas Foundation for Adoption’s Top 100 Best Adoption-Friendly Workplaces 7th consecutive year.

8/15 First Reliance celebrates 16th Anniversary throughout it’s three markets and on social media with contests!

6/15 Named Best Places to Work for the 10th consecutive year.

6/15 Voted as the #1 Bank in the Pee Dee in the Florence Morning News Business competition.

2/15 Mortgage Business Line expanded to serve the growing Charleston and Columbia/Lexington markets.

10/14 Named to Dave Thomas Foundation for Adoption’s Top 100 Best Adoption-Friendly Workplaces 6th year running

8/14 Named Best Places to Work for a 9th consecutive year.

8/14 First Reliance Bank celebrates 15th Anniversary with celebrations in each of its three markets and a social media contest!

7/14 Mobile Banking iPad application launched.

5/14 First Reliance raises $20,000 donation for the American Cancer Society.

4/14 Mobile, Web, and Text Banking launched as an addition to Reliance On-The-Go convenient services.

4/14 Indirect Finance added as a new line of business that allows us to reach a broader range of car loan borrowers in our footprint.

8/13 Named to Dave Thomas Foundation for Adopton’s Top 100 Best Adoption-Friendly Workplaces 5th consecutive year!

8/13 First Reliance Bank celebrates 14th Anniversary!

7/13 First Reliance voted as one of the top three Banks in Florence by the Morning News, Best of the Pee Dee 2013

7/13 First Reliance is American Cancer Society’s second top fundraiser in Florence with $13,000 donated.

6/13 Introduction of new business and consumer credit cards which include cash rebates or reward points

3/13 Online Banking updated to include customizable browser and budget and financial tools

12/12 First Reliance reaches 1,000 Facebook Fans milestone

9/12 Named to Dave Thomas Foundation for Adoption’s Top 100 Best Adoption-Friendly Workplaces 4th year running

9/12 First Reliance Bank donates property to Circle Park for community redevelopment improvement

9/12 Named Best Places to Work in SC 7th consecutive year

8/12 First Reliance Bank raises $10,400 as a donation to the American Cancer Society

7/12 Launch of a new branded website including social media integration, customer interactivity, and a blog

1/12 Introduction of CardCash® 1% Cash Rebate on our Debit Cards

11/11 Launch of four additional customer programs: Moms First, iMatter BetterPerks and BetterLife

8/11 Named Best Places to Work in SC 6th year running

2/10 FRB Launches new brand “Better” to support its purpose: To Make the Lives of Our Customers Better

2/10 Lender & Broker of the Year award

1/10 FRB launches FMU Scholarship Program

11/09 FRB gains top market share in Florence within 10 years

8/09 First Reliance Celebrates 10 years of Community Banking

8/09 First Reliance Bank Awarded Best Places to Work 4th Year Running

7/09 First Reliance Bank named in Moultrie News Best of the Best

7/09 First Reliance’s Hometown Heroes program raises money for supporting charities

6/09 First Reliance Bank announces new Sunset Branch Grand Opening

6/09 First Reliance launches Check ‘N Save community outreach program

1/09 First Reliance Bank Named Lender of the Year

1/09 First Reliance associates grant wishes for local Make-A-Wish children

1/09 Rick Saunders named to Florence Chamber’s Board

12/08 FRB donation helps elementary school give students free violins

9/08 FRB introduces Hometown Heroes Program

8/08 FRB Named one of the 15 best places to work in SC for the 3rd consecutive year

8/08 9th Anniversary of First Reliance Bank

7/08 First Reliance Bank chooses Hilliard Lyons for customer investment services

12/07 First Reliance Announces New Holiday Banking Hours

11/07 First Reliance Celebrates National Adoption Awareness month

10/07 First Reliance celebrates Grand Opening of Mt. Pleasant Branch

10/07 First Reliance Celebrates Grand Opening of Lexington Regional Headquarters

9/07 Rick Saunders, President and CEO, named Business Person of the Year and Florence Chamber Champ

9/07 First Reliance Introduces Same Day Banking until 8 pm

8/07 8th Anniversary of First Reliance Bank

8/07 First Reliance Named Top 20 Best Places to Work in SC

7/07 FRB introduces Not for Profit checking account

6/07 Rick Saunders, President and CEO, named Ernst and Young Entrepreneur of the Year

6/07 First Reliance Added to the Palmetto 25

4/07 Distinctive Customer Programs: Reagan’s Promise, Adoption Awareness Program

4/07 Florence branches extend hours to 8-8 Mon – Sat

4/07 Opened First Reliance Learning Center

3/07 Florence Market achieves #1 Market Share for Mortgage Recordings for First Quarter of 2007

1/07 Introduced FRB’s Signature Financial Literacy Program

11/06 Florence Board of Advisors Established

11/06 Recognized as one of the fastest growing companies in South Carolina for 2006

8/06 Awarded the Essential Piece Award

8/06 7th Anniversary of First Reliance Bank

7/06 Named Top 15 Best Places to Work in SC

5/06 Rick Saunders, CEO and President named to the State Board of Financial Institutions

3/06 Introduced NO FEE ATM initiative Nationwide

3/06 Broke ground on a $4 million regional office in Lexington

2/06 Formed partnership with Delmae Elementary School

9/05 Recognized as one of the Top 25 Fastest Growing Companies in South Carolina for 2005

8/05 Opened the Mt. Pleasant office in mobile unit

3/05 Opened Charleston Regional Office.

1/05 Awarded “Small lender of the Year” for 2004

11/04 Recognized as one of the Top 25 Fastest-Growing Companies in South Carolina for 2004

8/04 5th Anniversary of First Reliance Bank.

7/04 Customer care center established and branded as ACCESSLive

6/04 Ribbon Cutting ceremony held for the opening of the Lexington branch in mobile unit

5/04 Recognized by the S.C. Psychological Association with one of only four “Psychologically Healthy Workplace Awards” presented to businesses statewide

4/04 Received regulatory approval to begin trading its stock on the OTCBB (Over-The-Counter Bulletin Board) under the trading symbol FSRL

12/03 Received regulatory approval to open expansion branch in Lexington, S.C.

9/03 Completed installation of an “in-house” bank core-processing system

8/03 Released completely revised and enhanced corporate Internet website (making the First Reliance Bank website one of the most advanced websites in the S.C. banking market)

5/03 Completed construction of a new multi-million dollar Technology Center (bringing First Reliance Bank’s capital investment in the Florence community to over $8 million)

2/03 Successfully raised over $8 million in capital during First Reliance Bank’s Secondary Stock Offering

11/02 Recognized as one of the Top 25 Fastest-Growing Companies in South Carolina for 2002

11/02 Initiated expansion plans by purchasing and starting renovation activities of Technology Center in Florence

10/02 Released the First Reliance Bank corporate intranet, an important tool used internally by First Reliance Bank employees

6/02 Voted “Friendliest Bank” in the Best of the Pee Dee Awards sponsored by the Morning News

6/02 Ranked 4th in total Market Share (after only 3 years) among the 25 banks in Florence County

4/02 Formed separate Holding Company, First Reliance BancShares. 2170 West Palmetto St., Florence, SC 29501 P: 843.656.5000 g www.firstreliance.com

3/02 Granted shareholders a 2 for 1 Stock Split

6/01 Opened a 2nd Florence branch office in June 2001

2/01 Recovered “pre-opening” cost within the first 18 months of operation.

1/01 Started First Reliance Financial Services, a full service investment and insurance division

12/00 First Reliance Bank grows to surpass $50 million in assets

7/00 Grand Opening of Main Branch office

5/00 Established a full service Credit Administration & Review Division

2/00 Earned first profit after only 5 months of operations

10/99 Released the First Reliance Bank corporate Internet website

9/99 Established a full service Mortgage Division.

8/99 Vision: To Be the Largest and Most Profitable Bank in SC

8/99 Opened 235 accounts first 2 days of business

8/99 Opened for business in a mobile branch site located adjacent to the Main Branch office construction site

8/99 Achieved initial capitalization of $7.2 million with 950 shareholders in only 60 days (making it the most successful de novo bank ever chartered in Florence County)

2/99 Applied for FDIC insurance