David Renaker Joins First Reliance Bank As Relationship Banker

David Renaker has joined First Reliance Bank as a Relationship Banker in Lexington. In his new role, Renaker will be responsible for building and maintaining relationships with business customers and offering advice on everything from personal and business deposit accounts to loans, treasury management services and investments available through First Reliance Wealth Strategies.

Bringing over 31 years of banking experience to the team, Renaker is a seasoned commercial banker adept at cultivating partnerships and building lasting relationships with clients, referral sources and coworkers. During his tenure, Renaker has served in key commercial banking roles at several financial institutions, including as Commercial Banking Business Development Officer at CresCom Bank and Commercial Banking Business Development Officer at Coastal States Bank. In addition to obtaining a Bachelor of Science degree from the University of South Carolina, Renaker has also graduated from Farr Institute’s Management and Leadership Program and the South Carolina Bankers School.

“We are pleased to have David join our team in Lexington,” said Rick Saunders, President and Chief Executive Officer of First Reliance Bank. “He has a tremendous amount of banking knowledge and leadership abilities that will be instrumental when partnering with his customers to accommodate their financial needs.”

Renaker is active in the community and currently serves as Diplomat and Member of the Greater Irmo Chamber of Commerce. Additionally, he serves on the Social Committee of the Columbia Rotary Club and the Finance Committee of Union United Methodist Church. He has served on numerous local boards, including those of the Hilton Head/Bluffton and Greensboro, NC Chamber of Commerce, the United Way of Beaufort County, and Junior Achievement of Hilton Head.


Founded in 1999, First Reliance Bancshares, Inc. (OTC: FSRL.OB), is based in Florence, South Carolina and has assets of approximately $658 million.  The Company employs more than 140 professionals and has locations throughout South Carolina and central North Carolina.  First Reliance has redefined community banking with a commitment to making customers lives better, its founding principle. Customers of the company have given it a 90% customer satisfaction rating well above the bank industry average of 81%.  First Reliance is also one of three companies throughout South Carolina to receive the Best Places To Work in South Carolina award all 14 years since the program began.  We believe that this recognition confirms that our associates are engaged and committed to our brand and the communities we serve.  In addition to offering a full range of personalized community banking products and services for individuals, small businesses, and corporations, First Reliance offers two unique community-customers programs, which include:  Hometown Heroes, a package of benefits for those serving our communities and Check N Save, an outreach program for the unbanked or under-banked.  We also offer a full suite of digital banking services, a Customer Service Guaranty, a Mortgage Service Guaranty, and are open on most traditional holidays.

Additional information about the Company is available on the Company’s web site at www.firstreliance.com.


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