First Reliance Bank Revenue and Competitors

First Reliance Bank is one of the southeast’s fastest-growing banks. Founded in 1999, First Reliance Bank serves as one of the only locally owned and operated banks in Florence, South Carolina. The bank was founded by Rick Saunders, his brother Paul Saunders, and their friend Dale Porter. With years of banking experience to their credit, they recognized the need for a community bank that truly focused on providing superior customer service and products. The impeccable reputations of the founders, coupled with their extensive experience helped them acquire the community support they needed. The bank was quickly capitalized with $7.2 million and 950 stockholders in only 60 days. This achievement made First Reliance Bank the most successful de novo bank ever started in Florence County.