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One of the most popular services offered by First Reliance Bank is the refinancing of auto and truck loans from other lenders. You may have considered this yourself, but wondered if it was worth the time and trouble, how much it costs, and what you have to do. When you hear the word "refinance," what may come to mind is the process of refinancing a home mortgage. If you've done this, you know there are some costs involved and it does take a bit of time. Refinancing a vehicle loan with First Reliance Bank is much faster and simpler.

Here are a few things to know about refinancing a vehicle loan:

  • You don't have to talk to your current lender to arrange the refinancing. First Reliance Bank will take care of everything needed to transfer your loan. Occasionally, a lender may require a call from you to verify that you ...

World Elder Abuse Awareness DayEvery year, millions of seniors fall victim to financial fraud. Studies show elder financial abuse costs seniors approximately $2.9 billion each year. In recognition of World Elder Abuse Awareness Day on June 15, First Reliance Bank is urging older customers and their trusted caregivers to safeguard all personal information and stay alert to the common signs of financial abuse.

“Fraudsters often prey on seniors experiencing cognitive decline, limited mobility and other disabilities that require them to rely more heavily on others for help,” said Rick Saunders, President and CEO. “Appointing someone you know and trust to handle your financial matters aids tremendously in the fight against these crimes.”

First Reliance Bank is offering the following tips:


  • Plan ahead to protect your assets and to ensure your wishes are followed. Talk to someone at your financial institution, an attorney, or financial advisor about the best options for you.

  • Carefully choose a ...

SHE Magazine, June 2016 issue, ran a feature article on Paul Saunders who was the 2015 He Behind The She award recipient at the SHE Inspires Extraordinary Women event.  Paul's name was submitted by several woman owned businesses in Florence that he helped start and expand their business by providing banking support. The full article can be read here:  Paul and Freddie Saunders

First Reliance Makes Partial Redemption of TARP Preferred And Notices Intent to Redeem All Remaining Shares Outstanding


FLORENCE,  South Carolina – June 3, 2016 – First Reliance Bancshares, Inc. (OTC: FSRL), the holding company (the “Company”) for First Reliance Bank (the “Bank”), announced that it made a partial redemption of 4,000 shares, or 26.1 % of its 15,349 shares of outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”) that were originally issued to the United States Department of the Treasury (“U.S. Treasury”) under the Troubled Asset Relief Program Capital Purchase Program (“TARP”).  In March 2013, the U.S. Treasury sold all 15,349 shares of Series A Preferred Stock and Fixed Rate Cumulative Perpetual Preferred Stock, Series B (“Series B Preferred Stock”) previously held by it to private investors.  The redemption price for the shares of Series A Preferred Stock was $1,000 per share, plus accrued and ...

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