About First Reliance Bancshares

First Reliance Bancshares, Inc. operates as the bank holding company for First Reliance Bank that provides banking products and services in the United States. The principal business activity of the company is to provide banking services to domestic markets throughout South Carolina and North Carolina. The company offers time deposits and brokered time deposits. Loan Portfolio The company offers real estate loans, such as construction, residential, and nonresidential; commercial and industrial; and consumer and other. Investment Portfolio The company invests in the U.S. Treasury securities; the U.S. agency securities; municipal securities; mortgage-backed securities; corporate bonds; and collateralized loan obligations. Regulations The company is a South Carolina chartered commercial bank, and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The company retains the right to service the residential mortgage loans that it sells to the Federal National Mortgage Association (FNMA) and Freddie Mac (FHLMC). History First Reliance Bancshares, Inc. was founded in 1999. The company was incorporated under the laws of the state of South Carolina in 2001.