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CEO/President F.R. "Rick" Saunders Jr.
CEO/President F.R. "Rick" Saunders Jr.

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 JOINS FIRST RELIANCE BANK AS VICE PRESIDENT OF INFORMATION TECHNOLOGY

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 ...


2005 -2020 Best Places To Work
2005 -2020 Best Places To Work

First Reliance Bank was recently named as one of the Best Places to Work in South Carolina. The fifteenth annual program was created by SC Biz News in partnership with the South Carolina Chamber of Commerce and Best Companies Group. First Reliance Bank has received the award every year since the program began.

This survey-and-awards program was designed to identify, recognize, and honor the best employers in the state of South Carolina, benefitting the state’s economy, workforce, and businesses. The list is made up of 74 total companies. First Reliance Bank has been named one of this year’s Best Places to Work in South Carolina.

Since its inception in 1999, First Reliance Bank has truly become a better bank, proving again and again that “There’s More to Banking thank Money®.” “We are very proud to be named a Best Place to Work in South Carolina for ...


Lincoln Stewart, Vice President and Portfolio Manager
Lincoln Stewart, Vice President and Portfolio Manager

Lincoln Stewart has joined First Reliance Bank as a Vice President and Portfolio Manager in Greenville, SC. In his new role, he will be responsible for underwriting and portfolio management for North Carolina and Upstate South Carolina markets.

Based out of the Downtown Greenville branch, Stewart is an experienced commercial credit underwriter with a demonstrated history of working in the banking industry. Prior to joining First Reliance Bank, Stewart held key roles at various banks including as Credit Analyst, Commercial Underwriter, and Vice President. Stewart holds a Business degree with a concentration in Managerial Economics from Wofford College. He is also a graduate from the RMA Florida School of Commercial Lending.

“We are excited to welcome Lincoln to the team in Greenville,” said Rick Saunders, President and Chief Executive Officer of First Reliance Bank. “He is a highly motivated and results-driven leader and we look forward to his success with ...


Brook Moore has joined First Reliance Bank as a Senior Vice President and Sr. Credit Administrator. In his new role, Moore will be responsible for providing support, direction, analysis, credit information, and loan policies and procedures to ensure the overall quality of the bank’s loan portfolio.

Bringing over two decades of banking experience to the team, Moore has a demonstrated history of success in credit administration, credit underwriting, commercial loan production, and portfolio management. During his tenure, Moore has held various banking roles including Senior Vice President, Commercial Banking Executive, Columbia Market President, and Chief Lending Officer. He holds his Bachelor of Arts in English and Minor in Political Science from Clemson University, and is a graduate of the South Carolina Bankers School.

“Brook brings 25-years of commercial banking experience in performance driven environments to First Reliance Bank, and his familiarity with this process will be a great asset to ...


Bernard Wheeler, Relationship Banker, Greenville, SC
Bernard Wheeler, Relationship Banker, Greenville, SC

Bernard Wheeler has joined First Reliance Bank as a Relationship Banker in Greenville, SC. In his new role, Wheeler will be responsible for building and maintaining relationships with business customers and offering advice on everything from personal and business deposit accounts to loans, treasury management services and investments available through First Reliance Wealth Strategies.

Based out of the Downtown Greenville branch, Wheeler brings more than 15 years of professional banking experience to the team. Throughout his career, Wheeler has held multiple fast paced positions at several local financial institutions including as Vice President, Branch Manager and Small Business Banker, and Relationship Banker. Wheeler holds a Bachelor of Science in Biology from Winthrop University and a Masters of Business Administration from Webster University.

“We are thrilled to welcome Bernard to the team in Greenville,” said Rick Saunders, President and Chief Executive Officer of First Reliance Bank. “He is a self-disciplined banking ...