First Reliance Bancshares, Inc. FSRL

FSRL Company Overview

First Reliance Bancshares, Inc. is a bank holding company that operates in the community banking and financial services industry. The company provides a range of traditional banking products and services primarily to small- and mid-sized businesses, professionals, and individual consumers. Its core offerings include commercial and consumer lending, deposit products, treasury management services, and online and mobile banking. Revenue is primarily driven by net interest income from loans and, to a lesser extent, noninterest income from service fees and related banking activities.

Founded in 1999, the company was established to serve local markets in South Carolina with a relationship-focused banking model. Over time, First Reliance Bancshares expanded through organic growth and selective acquisitions, maintaining a strategy centered on community engagement and localized decision-making. The company completed its initial public offering in 2018 and is publicly traded on the Nasdaq under the ticker FSRL.