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First Reliance Bank

F.R. "Rick" Saunders, Jr.
Co-organizer
President / Chief Executive Officer

Rick Saunders, President & CEO of First Reliance Bank

rsaunders@firstreliance.com
843.674.3275

Background

Rick Saunders has worked in finance and banking as his career of choice from an early age. From 1983 through 1997, Mr. Saunders was Senior Vice President and City Executive of Florence for Pee Dee State Bank, where he was also a member of the Senior Loan Committee and Board of Directors. During this time, his responsibilities included Corporate Banking, Business Development, and Policy Making. From 1997 to 1998, he served as Senior Market Executive with Centura Bank after its merger with Pee Dee State Bank. In 1998, he began organizing First Reliance Bank and presently serves as its President and Chief Executive Officer.

Education

Mr. Saunders graduated from the South Carolina Bankers School, a cooperative program with the College of Business Administration of the University of South Carolina in 1986. Two years later, he graduated from the Southeastern School of Agriculture Lending, a cooperative program with the College of Agricultural Science of Clemson University.

Memberships & Awards

Mr. Saunders is currently a member of many civic and charity organizations. He has been recognized with an Entrepreneur Award for his contributions to the prosperity of the Pee Dee Region by the Florence-Darlington Technical College’s Educational Foundation (2016),  named Business Man of the Year (2007, Florence Chamber of Commerce), the Ernst and Young Entrepreneur of the Year (2007), and the Beta Gamma Sigma honoree from Francis Marion University School of Business (2004-2005). He currently resides as a member of the South Carolina State Board of Financial Institutions.  He is also a member of the SC Bankers Association Legislative Committee,  the Board of Directors for First Reliance Bank and First Reliance BancShares, the Florence Rotary Club and the Florence Baptist Temple.

Past Memberships

Mr. Saunders has served as a member of the McLeod Foundation Board of Trustees and prior to that served as a Director for the Advisory Board for the McLeod Foundation, the Florence Chamber of Commerce, the SC Chamber of Commerce, the South Carolina Bankers Association and the Independent Banks of South Carolina. He has also been a past board member for the local chapter of Young Life Ministries, the South Carolina Bankers Association Community Bankers Council,  the Advisory Board for the Business Education Program for Florence School District One, the Advisory Board for the Florence Easter Seals, the United Way of Florence, Pee Dee State Bank and Pee Dee Bancshares, and the Home Builders Association of the Greater Pee Dee Area.


CEO Interview