First Reliance Bank Promotes Three to SVP

Ross Foshee, Senior Vice President and Controller

Ross Foshee, Senior Vice President and Controller

First Reliance Bank is pleased to announce three top-level executive promotions to Senior Vice President. Ross Foshee, Senior Vice President and Controller, John Lindley, Senior Vice President, Director of Operations, and Robert Mayhue, Senior Vice President, Information Technology.

Foshee is charged with overseeing the bank’s accounting and financial reporting operations, including the design and implementation of the company’s internal control framework. A native of the Pee Dee, he is a Certified Public Accountant licensed in South Carolina who received a Bachelor of Art in Business Administration and Accounting from the University of South Carolina.

Lindley leads Deposit Operations, Loan Operations, and digital banking, overseeing, creating, and implementing process improvements to drive operational efficiency. He holds a Bachelor of Science in Business Administration from Erskine College and is a graduate of the South Carolina Bankers School and the OMEGA Commercial Lending School.

Mayhue is responsible for the management, strategy, and execution of the bank’s Information Technology infrastructure along with security compliance. During his career, he has led key roles in the successful completion of seven bank acquisitions while implementing programs and strategies to improve operational efficiency. He is a graduate of the University of Maryland – Office of Extended Studies with a degree in Information Technology.

Rick Saunders, Founder and Chief Executive Officer said of their promotions, “Their promotion to Senior Vice President affirms their contributing talents and leadership to support the strategy and growth of the bank. Within their specific areas, First Reliance Bank continues to excel in operations, digital services, information systems, and financial strength.”

Founded in 1999, First Reliance Bancshares, Inc. (OTC: FSRL.OB), is based in Florence, South Carolina, and has assets of approximately $920 million. The company employs more than 200 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, our founding principle. First Reliance has received the Best Places To Work in South Carolina award for sixteen consecutive years, recognition confirming the bank's associates are engaged and committed to the communities we serve. First Reliance offers a full range of community banking products and services for individuals, small businesses, and corporations, including Hometown Heroes, a package of benefits for those serving our communities, and Check ‘N Save, an outreach program for the unbanked or under-banked. Additional information is available on the company’s website at

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