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Andrew McDowell promoted to Regional Executive for North CarolinaMcDowell was serving as Senior Vice President and City Executive for the Winston-Salem, NC market.  In his new role, he will be responsible for continuing to build the First Reliance Bank team, develop banking relationships with business owners, grow the bank in our defined markets and promoting the bank’s brand throughout the North Carolina 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.

“I am excited to be leading this team of exceptional banking professionals,” said McDowell.  “North Carolina is a great market to be doing business in, and I look forward to sharing the First Reliance Bank brand and delivering on our purpose to make the lives of our customers better.”

“We really value what Andy has been able to do in his previous role with First Reliance, implementing and providing leadership in ...

G. Neal KyberBanking veteran brings more than 30 years of experience to his new role in leading the commercial growth strategy for the Greenville market.

Kyber’s extensive banking experience spans more than 30 years.  Kyber has held numerous banking positions with several banks in the Upstate and Midlands regions of South Carolina.

“As we continue to look for expansion opportunities throughout the Southeast and determine how we can bring value to new markets, like Greenville, it’s important to have experienced leaders like Neal at the forefront,” said Rick Saunders, president and CEO, First Reliance Bank. “He shares our values and understands what community banking is all about. Neal has a proven track record for developing commercial teams and growing business banking in the Greenville area.” 

“Greenville is a fast-growing area with a vibrant, supportive community,” said Kyber. “For more than two decades, I’ve been a part of this area’s growth and I’m ...

Saunders awarded Order of the PalmettoThe Order of the Palmetto is the highest civilian honor awarded to citizens of South Carolina for extraordinary lifetime achievement, and for national or statewide service.  The Order of the Palmetto is a once in a lifetime achievement.  South Carolina State Senator, Hugh Leatherman, presented the Order of the Palmetto Award to F.R. “Rick” Saunders on behalf of Governor McMaster at a luncheon on Friday, March 15th at the Florence Country Club. “I am honored to receive this recognition,” said Saunders.  “Early in my career I made the commitment to be involved in the communities we do business in and try to truly make a difference. I was fortunate to expand that to the State level as the bank grew and more opportunities arose.” Some of the highlights of Mr. Saunders career include an appointment by previous Governor Mark Sanford to the South Carolina State Board of Financial Institutions where ...

Whether you have actively thought about it or not, you have built a credit history and a credit score that is reviewed constantly by lenders, credit card companies, financial institutions and even employers. Your credit score not only affects the rate you will be charged for credit, but also affects the financial products and services you will be able to obtain. A poor credit score can mean that you may be turned down for even a basic account such as checking.

Understanding how this score affects your financial life is critical, but it doesn’t take much time to learn the basics and even start correcting a bad score. Information on how credit scores are calculated and what lenders look for when you apply for credit is further down in this article. But first, here are some easy steps you can take towards a better credit score:
  • Make payments on ...

Taking control of your money is an important step toward having the freedom to reach your goals. At First Reliance Bank, we are here to help you manage your money and build a plan to reach your goals. As part of our commitment to helping you, we are proud to offer several Managing Your Money Educational Courses.

Money Talks Newsletter

The Money Talks newsletter series contains tips, practical advice, thought-provoking ideas and age-appropriate activities to bring lessons alive for young children, tween, teens and young adults. This newsletter is designed for parents, grandparents and other caring adults to help them teach children and young adults about money. Visit the FDIC Website.

FREE Money Smart™

Developed by the Federal Deposit Insurance Corporation (FDIC), Money Smart™ is a free online website featuring easy-to-learn educational courses. These courses are specially designed to help adults learn the key things they need to know ...

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all ...

Are you stuck and can't get out of a hole?  Do you often find yourself saying, "I wish I could, but I can't afford it."

Photo_2_JoeIf this is you, we have a SOLUTION! We're offering four FREE personal finance video lessons for a limited time that will give you the steps to take to fund the dreams you have for things you want for yourself and your family. First Reliance Bank's purpose is "To make the lives of our customers BETTER."   To fulfill our promise, we've partnered with JOSEPH SANGL, a leading teacher of personal finance.  He is the founder of I Was Broke Now I'm Not, an organization that provides financial teaching.  It is his passion and mission "to help people accomplish far more than they ever thought possible with their personal finances."  Additional tools and information can be found on their website:  IWBNIN.com

DIG ...

The following information will help you manage your account wisely.

Know Your Balance

  • If you have a joint account, designate one person as the account manager
  • Consider direct deposit of your payroll checks and other benefit payments
  • Record all checks, ATM transactions, debit transactions, account fees, and deposits in your checkbook and keep a running balance
  • Never write a check or make a charge on your debit card for more than you have in your account
  • Make sure deposits to your account clear before withdrawing cash or making charges against those deposits
  • Balance your checkbook against your bank statement every month

Keep Your Account Safe

  • Report stolen checks or debit cards immediately
  • Update your personal information when moving or changing names
  • Don’t use other people’s checks or debit cards, or let them use yours
  • Keep your checks and debit cards in a safe place
 

Check Writing Basics

  • Always use a ...

Balancing your checkbook is one of the most basic habits for good money management. This is a simple method of verifying that your records (your checkbook register) match the bank’s records, as shown on your monthly statement. Balancing your checkbook can be done in six easy steps, as outlined in the worksheet below.

Checkbook GraphicsStep 1: Compare your account register to your account statement for unrecorded transactions (such as ATM, Check Card, Interest earned, fees, etc.). Your new account register total should match the adjusted balance in step 6 below.
 
Step 2: Write in the closing balance shown on the front of your account statement.
 
Step 3: Write in any deposits you have made since the date of your account statement.
 
Step 4: Add together amounts listed above in steps 2 and 3.
 
Step 5: List and total all checks and withdrawals that you have made that ...

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