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First Reliance Bank history
First Reliance Bank company history timeline
1999-08-01 - Opened for business in a mobile branch site located adjacent to the Main Branch office construction site
1999-08-01 - Achieved initial capitalization of $7.2 million with 950 shareholders in only 60 days (making it the most successful de novo bank ever chartered in Florence County)
In 1999, with the clear and focused intention of creating this “BETTER” bank, they founded First Reliance Bank.
2000-12-01 - First Reliance Bank grows to surpass $50 million in assets
2000-02-01 - Earned first profit after only 5 months of operations
2001-06-01 - Opened a 2nd Florence branch office in June 2001 2001-02-01 - Recovered “pre-opening” cost within the first 18 months of operation.
2001-01-01 - Started First Reliance Financial Services, a full service investment and insurance division
2002-11-01 - Recognized as one of the Top 25 Fastest-Growing Companies in South Carolina for 2002
2002-11-01 - Initiated expansion plans by purchasing and starting renovation activities of Technology Center in Florence
2002-10-01 - Released the First Reliance Bank corporate intranet, an important tool used internally by First Reliance Bank employees
2002-06-01 - Ranked 4th in total Market Share (after only 3 years) among the 25 banks in Florence County
2003-12-01 - Received regulatory approval to open expansion branch in Lexington, S.C.
2003-08-01 - Released completely revised and enhanced corporate Internet website (making the First Reliance Bank website one of the most advanced websites in the S.C. banking market)
2003-02-01 - Successfully raised over $8 million in capital during First Reliance Bank’s Secondary Stock Offering
2004-11-01 - Recognized as one of the Top 25 Fastest-Growing Companies in South Carolina for 2004
2004-08-01 - 5th Anniversary of First Reliance Bank
2004-07-01 - Customer care center established and branded as ACCESSLive
2004-06-01 - Ribbon Cutting ceremony held for the opening of the Lexington branch in mobile unit
2004-04-01 - Received regulatory approval to begin trading its stock on the OTCBB (Over-The-Counter Bulletin Board) under the trading symbol FSRL
2005-09-01 - Recognized as one of the Top 25 Fastest Growing Companies in South Carolina for 2005 2005-08-01 - Opened the Mt.
2006-11-01 - Recognized as one of the fastest growing companies in South Carolina for 2006
2006-08-01 - 7th Anniversary of First Reliance Bank
2006-05-01 - Rick Saunders, CEO and President named to the State Board of Financial Institutions
2006-03-01 - Broke ground on a $4 million regional office in Lexington
2006-02-01 - Formed partnership with Delmae Elementary School
2007-08-01 - 8th Anniversary of First Reliance Bank
2007-07-01 - FRB introduces Not for Profit checking account
2007-03-01 - Florence Market achieves #1 Market Share for Mortgage Recordings for First Quarter of 2007
2008-08-01 - FRB Named one of the 15 best places to work in SC for the 3rd consecutive year
2008-08-01 - 9th Anniversary of First Reliance Bank
2008-07-01 - First Reliance Bank chooses Hilliard Lyons for customer investment services
2009-11-01 - FRB gains top market share in Florence within 10 years
2009-07-01 - First Reliance Bank named in Moultrie News Best of the Best
2009-07-01 - First Reliance’s Hometown Heroes program raises money for supporting charities
2009-06-01 - First Reliance launches Check ‘N Save community outreach program
2009-01-01 - First Reliance associates grant wishes for local Make-A-Wish children
2010-02-01 - FRB Launches new brand “Better” to support its purpose: To Make the Lives of Our Customers Better
2011-11-01 - Launch of four additional customer programs: Moms First, iMatter BetterPerks and BetterLife 2011-08-01 - Named Best Places to Work in SC 6th year running
2012-12-01 - First Reliance reaches 1,000 Facebook Fans milestone
2012-09-01 - Named to Dave Thomas Foundation for Adoption's Top 100 Best Adoption-Friendly Workplaces 4th year running
2012-09-01 - First Reliance Bank donates property to Circle Park for community redevelopment improvement
2012-09-01 - Named Best Places to Work in SC 7th consecutive year
2012-08-01 - First Reliance Bank raises $10,400 as a donation to the American Cancer Society
2012-07-01 - Launch of a new branded website including social media integration, customer interactivity, and a blog
2013-06-01 - Introduction of new business and consumer credit cards which include cash rebates or reward points 2013-03-01 - Online Banking updated to include customizable browser and budget and financial tools
2013-08-01 - Named to Dave Thomas Foundation for Adopton's Top 100 Best Adoption-Friendly Workplaces 5th consecutive year!
2013-08-01 - First Reliance Bank celebrates 14th Anniversary!
2013-07-01 - First Reliance voted as one of the top three Banks in Florence by the Morning News, Best of the Pee Dee 2013
2013-07-01 - First Reliance is American Cancer Society's second top fundraiser in Florence with $13,000 donated.
2014-04-01 - Indirect Finance added as a new line of business that allows us to reach a broader range of car loan borrowers in our footprint.
2014-05-01 - First Reliance raises $20,000 donation for the American Cancer Society.
2015-02-01 - Mortgage Business Line expanded to serve the growing Charleston and Columbia/Lexington markets.
2015-06-01 - Voted as the #1 Bank in the Pee Dee in the Florence Morning News Business competition.
2015-11-01 - Paul Saunders, EVP, Relationship Banker receives He Behind The She, She Magazine Award for his support of women-owned small business
2016-10-01 - Opened a full service branch in Loris to service the Loris/Conway/Tabor City and N. Myrtle Beach, S.C. markets
2016-08-01 - 17th Anniversary celebrated throughout First Reliance's markets and on social media
2016-07-01 - First Reliance holds Law Enforcement Appreciation Events for their support of our communities and businesses.
2016-07-01 - Expansion into the Loris/Conway/N.Myrtle Beach market with a Loan Office in Loris, S.C.
2016-06-01 - First Reliance Bank receives a Banky Award from the Institute of Extraordinary Banking
2016-06-01 - Named a Best Places to Work for the 11th consecutive year
2016-04-01 - First Reliance donates over $23,000 of money raised through fundraisers to the American Cancer Society.
2017-10-01 - Named to Dave Thomas Foundation for Adoption's Top 100 Best Adoption-Friendly Workplaces 9th consecutive year
2017-09-01 - First Reliance Announce Acquisition of Independence National Bank, a community bank headquartered in Greenville
2017-08-01 - 18th Anniversary celebrated throughout First Reliance's markets and on social media with special recognition for Hometown Heroes.
2017-04-01 - First Reliance donates over $21,000 of money raised through fundraisers to McLeod Hospital for cancer patients and to the American Cancer Society.
2018-10-01 - Named to Dave Thomas Foundation for Adoption's Top 100 Best Adoption-Friendly Workplaces 10th consecutive year
2018-03-01 - Expansion into Myrtle Beach with a full service branch at a temporary location and future plans for a permanent location
2018-01-01 - First Reliance Bank Legal Close of merger of Independence National Bank, a community bank in Greenville SC
2019-01-01 - Raised $22,000 in charitable contributions for the American Cancer Association and the McLeod Hope Foundation
2019-07-01 - 20th Anniversary of the Bank 2019-06-12 - Best Places To Work In South Carolina 14 Consecutive Years! 2019-04-01 - Order of the Palmetto Awarded to CEO/President, Rick Saunders for contributions to the betterment of the state and SC communities.
2020-04-27 - Doctor Lusk named Chairman of the Board 2020-03-26 - First Reliance Bank is offering $100,000 in affordable housing grants to eligible teachers and educators who work for Florence One Schools.
2020-06-15 - Winston-Salem opens newest Branch on 536 S. Stratford Rd replacing existing branch on Trenwest Drive.
2021-01-18 - Columbia Main opens as Branch Office
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First Reliance Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Two River Ban | 2000 | $50.0M | 165 | - |
| First Keystone Community Bank | 1864 | $45.6M | 100 | 6 |
| Touchmark National Bank | 2008 | $7.3M | 30 | - |
| COASTAL BANKING CO INC | - | $38.5M | 325 | - |
| National Bancshares | - | $18.9M | 1 | - |
| 1st Source Bank | 1863 | $26.7M | 1,150 | 106 |
| First Citizens Bank | 1898 | $2.0B | 7,176 | 502 |
| Bank of America | 1998 | $85.5B | 200,000 | 5,865 |
| Wells Fargo | 1852 | $2.4B | 268,531 | 2,427 |
| FIS | 1968 | $9.3B | 70,000 | 138 |
First Reliance Bank history FAQs
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First Reliance Bank may also be known as or be related to FIRST RELIANCE BANCSHARES INC, First Reliance Bancshares, Inc. and First Reliance Bank.