Article written BY JOE PERRY Morning News and reprinted.
News from First Reliance Bank
Every 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 ...
John Bozard has joined First Reliance Bank as a Relationship Banker, for the Lexington, S.C. area. In his new role, he will be reaching out to businesses throughout the area and introducing them to First Reliance Bank's business products and services and he’ll represent the Bank through involvement in local associations, charities or business organizations.
Bozard spent the majority of his banking career with First Citizens Bank in Lexington, South Carolina and has over 30 years of experience. His long track record includes successfully leading the Lexington area commercial lender efforts. He has achieved numerous banking awards including a Top Performer Best Banker Award for highest branch and individual performance scores among peers.
Bozard has a Bachelor of Science in Business Administration from Presbyterian College, South Carolina. He also has a Masters of Strategic Studies from the United States Army War College.
He currently serves as a council member of ...
April 26, 2016, Florence, S.C. — First Reliance Bank is now accepting applications for its annual Francis Marion Scholarship through May 31, 2016. The First Reliance Bank Scholarship recognizes and assists outstanding students who are pursuing a degree in business or finance. Administered through the Francis Marion University Foundation, the scholarship program has been helping area-wide students to meet their academic financial obligations since 2010. “First Reliance Bank believes in encouraging continuous personal improvement and the Francis Marion scholarship program is one way that we can make a difference with our community's youth,” said Rick Saunders, president and CEO of First Reliance Bank. “Making your way through school can be challenging — especially if you're committed to staying at the top of your class. We're proud to partner with Francis Marion to help outstanding students with their financial obligations so that they can focus on achieving their academic goals.” To ...
Posted: Wednesday, March 30, 2016 8:11 am BY JOE PERRY Morning News FLORENCE, S.C. – Leaders of business and industry gathered Tuesday evening at the Hilton Garden Inn to welcome representatives from Ruiz Foods, Honda of South Carolina, South East Express and Johnson Controls who have recently moved to the area. The event was sponsored by First Reliance Bank and Raldex Hospitality. The aim was to simply welcome newcomers and let them know Florence is happy to have them, said Joan Billheimer, community development officer for the bank. “We’re getting ready to start the second line,” said Jim Bowman, Ruiz Foods’ operations manager. “Things are looking good. so we’re excited to make product.” Bowman, who hails from Davenport, Iowa, joined the family-owned and California-based company after working for Oscar Meyer for 20 years, and was referring to a line of snack foods known as Tornados that are commonly found on ...
Florence banking community flourishes over the years
This excerpt of the article was posted, Wednesday, March 23, 2016 8:00 am in the Morning News. The article was written by and is posted in Courtesy of JOE PERRY Morning News firstname.lastname@example.org The full article can be viewed by clicking on the following link: http://www.scnow.com/news/business/local/article_f5652b8c-ed18-11e5-9401-4bce3de4e58e.html
FLORENCE, S.C. – When Rick Saunders was a young man still finding his way in the world, he fell in love. With the finance industry.
“I tripped over myself and landed in it,” he said, laughing. “I was a typical young man concerned about what path in life I would take.”
The 55-year-old Sumter native who grew up in Timmonsville first worked in consumer finance before delving into banking.
“It wasn’t until a company I was working for was sold to a much larger organization that I realized the need for clarity around my beliefs and ...
Feb 12, 2015, Florence, S.C. - Rick Saunders, President/CEO was recognized with an Entrepreneur Award from the Florence Darlington Technical College February 11, 2016 at their second annual entrepreneurial forum. Rick, his brother Paul and friend, Dale Porter started the bank because they saw a need for a bank that was designed and operated with the community in mind. One with strong values, and an even stronger team of associates. They saw a need to create a bank that could become a rock in the community, based on trust and relationships; one that could make a real difference in the lives of its customers. They saw a need for a better bank. So they followed their dream to start a bank and contribute to their community in 1999 and First Reliance Bank was born. It took hard work and passion and learning from others, all traits the other recipients of ...
Feb 24, 2015, Florence, S.C. – First Reliance Bank recently announced that seventeen associates have been named to the 2015 President’s Club.
Each year, as part of the bank’s associate rewards and recognition program, all managers have the opportunity to nominate an outstanding associate and submit a detailed reason of why the chosen associate deserves the award. Executive Management then carefully reviews the nominations and selects the associates who go above and beyond performance expectations and who are the best role models for living the values of First Reliance Bank.
President’s Club awards are for outstanding sales and service, operational excellence, professional, and leadership. The 2015 President’s Club Winners are: Wendy Cooley,Charleston Service, Neil Oliver, Charleston Sales, Donna Smith, Indirect Sales, Gail Berry, Lexington Service, Jason Koth, Lexington Sales, Sherry Byrd, Mortgage Operations, Johnny Nexsen, Mortgage Sales, Robyn Paul, Mortgage Sales, Phyllis Brosh, Wholesale / Correspondent Mortgage, Shayna Wallace, Florence ...