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First Reliance Bank Announces New Board Chairman

FLORENCE, S.C., March 21, 2017 /PRNewswire/ -- First Reliance Bank has announced the appointment of J. Munford Scott, Jr. as Chairman of the Board.  Scott has served as a Director of First Reliance Bank since January 2007 and as Chairman of the Compensation Committee.

Scott is currently serving as Florence County Probate Judge. Before his election Judge Scott was an attorney employed with Turner, Padget, Graham, & Laney P.A. Mr. Scott practiced tax, probate and estate law in Florence and surrounding counties for over 40 years. He also served in the South Carolina House of Representatives 1978- 1979.

"We are excited to have Munford Scott as our Board Chairman as he is an exceptional leader in the community and has been a very active director throughout his ten years on the board. Munford has been a great mentor to me both while on the board and prior to being on the board," said Rick Saunders.  "We look forward to working with him as Chairman and know he'll provide guidance and leadership on the Board as the bank grows and expands into new markets.  We are fortunate to have a strong board and directors willing to accept the responsibilities of a growing community bank."

First Reliance currently has a presence in the Midlands, Low Country N. Myrtle Beach, Loris and Florence markets in South Carolina.  The bank's profitability continues to be fueled by strong loan and deposit growth, and expanding operating efficiencies.  Its strong performance provides opportunities to increase brand presence throughout the Southeast with further expansions into the Midlands and Coastal regions. 

ABOUT FIRST RELIANCE BANK

First Reliance Bank, founded in 1999, has assets of approximately $408 million, and employs over 130 highly-talented associates. The bank serves the Midlands, Low Country, N. Myrtle Beach, Loris and Florence markets in South Carolina. The bank has been recognized as "One of the Best Places to Work in South Carolina" by the SC BIZ for eleven consecutive years. First Reliance Bank offers several unique customer programs which include a Hometown Heroes package of benefits to serve those who are serving our communities, Check 'N Save, a community outreach program for the unbanked or under-banked, a Moms First program, and an iMatter program targeted to young people. The Bank also offers a Customer Service Guaranty, a Mortgage Service Guaranty, FREE Coin Machines for customer use and is open on most traditional bank holidays. Its commitment to making customers' lives better, and the idea that "There's More to Banking Than Money" has earned the bank a customer satisfaction rating of 95% (2013 results from an outside survey firm.) First Reliance Bank is traded as FSRL.OB. Information about the Company is available on the company's web site at www.firstreliance.com.

Contact:
PAMELA RHOADS, VP Marketing
(843) 674-3261
prhoads@firstreliance.com

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