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F.R. “Rick” Saunders Jr., President and CEO of First Reliance Bank in Florence, has joined the Board of Directors of Business Development Corporation (BDC).

In 1999, with 19 years of banking experience, Saunders founded First Reliance Bank, which has since grown to nearly $671 million in assets. First Reliance has 150 associates with branches in Florence, West Columbia, Lexington, Mount Pleasant, Charleston, Greenville, Taylors, Simpsonville and Myrtle Beach in South Carolina. The bank also has a branch in Winston-Salem, N.C., and a loan production office in Mooresville, N.C.

The bank has a robust mortgage operation and specializes in serving middle-income households and small businesses. First Reliance has received multiple awards as a “Best Places to Work” and for its commitment to community banking. The staff donates more than 1,500 hours of volunteer service annually and the bank donates approximately 1% of its net income to charity every year.

Saunders, who ...

Robert Mayhue has joined First Reliance Bank as the Vice President of Information Technology. As head of the bank’s IT Department, Mayhue will be responsible for the management, strategy and execution of IT infrastructure along with the intersection of IT and security compliance.

Mayhue joins the team as a supremely qualified and results-driven information technology professional with more than 25 years of comprehensive expertise. He has spent the last 10 years in director-level positions at several community banks including as Director of IT and Director of IT Support Services. During his tenure, Mayhue played a key role in the successful completion of over seven bank acquisitions and has implemented various programs and strategies that helped reduce bank costs and improve operational efficiency.  

“Robert brings high-level IT experience working in the banking industry, and we are thrilled to have someone of his caliber joining our team,” said Ben Brazell, Chief ...

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