Rainwater named Chief Accounting Officer

First Reliance Bank announces that Keith Rainwater has been named Chief Accounting Officer. Rainwater, a Certified Public Accountant, brings more than 25 years of banking experience and an extensive accounting background to the bank’s team. At First Reliance, he will oversee the accounting operations and reporting functions.

Robert Haile, Senior Executive Vice-President and Chief Financial Officer of First Reliance, said, “We are pleased to welcome Keith to our team. His years of experience and leadership in the banking industry will continue to guide First Reliance as we become one of the best community banks in the Southeast.”

Keith previously served as the Chief Accounting Officer of FB Financial Corporation and FirstBank for the past two years in Nashville, Tennessee, after nearly 14 years at the SouthState Corp., which operates more than 280 offices in six Southeastern states. While there, he served as an executive vice president and its designated principal accounting officer. Prior to joining FirstBank, Keith served as Executive Vice President and Principal Accounting Officer for a regional bank in South Carolina.

Keith, a 1980 graduate of Appalachian State University, earned a Business Administration in Accountancy (BSBA). Keith and his wife, Kathy, are returning to Columbia, where they will be closer to their children and grandchildren who live in Columbia and Charlotte.

ABOUT FIRST RELIANCE

Founded in 1999, First Reliance Bancshares, Inc. (OTC: FSRL.OB) is based in Florence, South Carolina, and has approximately $950 million in assets. 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, its founding principle. We offer a full range of personalized community banking products and services for individuals, small businesses, and corporations, including a full suite of digital banking services, treasury services, a Customer Service Guarantee, and a Mortgage Service Guarantee. First Reliance also offers two unique community customer programs: 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 about the Company is available on our website, www.firstreliance.com.