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First Reliance Bancshares Reports Second Quarter 2021 Results
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First Reliance Bancshares Reports Second Quarter 2021 Results
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First Reliance Bancshares Reports First Quarter 2021 Results
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FLORENCE, S.C., April 23, 2021 /PRNewswire/ First Reliance Bancshares, Inc. (OTC:FSRL), the holding company for First Reliance Bank (collectively, First Reliance or the Company ), today announced its financial results for the first quarter of 2021.
First Quarter 2021 Highlights
Net income for the first quarter of 2021 was $1.7 million, or $0.21 per diluted share, compared to $0.9 million, or $0.11 per diluted share, for the first quarter of 2020, representing an increase of 99.1%.
Total deposits increased by $67.2 million, or 11.3%, to $661.2 million at March 31, 2021 from $594.0 million at December 31, 2020. Non-interest bearing and interest bearing NOW accounts increased $41.0 million, or 14.2%, to 329.1 million at March 31, 2021 from $288.2 million at December 31, 2020.
First Reliance Bank Adds Another Industry Veteran To Bank Leadership
New Senior Leader to Facilitate Additional Growth
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FLORENCE, S.C., Jan. 26, 2021 /PRNewswire/ First Reliance Bank has hired longtime banking industry executive F. Justin Strickland to serve as President of First Reliance Bank as it continues to expand its presence throughout North and South Carolina. The bank has recently invested heavily in tenured leadership who have spent their careers in the Carolinas and have built reputations as leaders in the industry.
First Reliance Bank has hired longtime banking industry executive F. Justin Strickland to serve as President of First Reliance Bank as it continues to expand its presence throughout North and South Carolina.
First Reliance Bancshares Announces Executive Leadership Changes
Latest Moves Highlight Bank s Focus on Future Growth Across the Region
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FLORENCE, S.C., Dec. 22, 2020 /PRNewswire/ First Reliance Bancshares has appointed Robert F. Dozier, Jr. to the dual roles of President of the holding company, First Reliance Bancshares Inc. and Chief Operating Officer (COO) of First Reliance Bank. In addition, the bank also promoted Charles H. (Chuck) Stuart to President of First Reliance Mortgage, a division of First Reliance Bank.
This is the latest stage of what CEO Rick Saunders describes as the creation of a leadership team of unprecedented depth, insight and capability in the bank s two decades of business.
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