First Reliance Appoints New Board Member

Company Release – 5/27/2003

May 27, 2003 2003 (Florence, SC) – First Reliance Bank is pleased to announce that Jeffrey Paolucci has been appointed to the Board of Directors.

Jeffrey Paolucci, Senior Vice President and Chief Financial Officer of First Reliance Bank has over 10 years experience in financial and institution regulatory oversight and risk management. Prior to joining First Reliance Bank in September of 2002, Paolucci was with the Federal Deposit Insurance Cooperation. He is a Magna Cum Laude graduate of the University of Akron, a member of the Class of Leadership Florence 2003, and the West Florence Rotary Club.

First Reliance Bank is the only locally owned community bank in Florence, with locations on Second Loop Road and West Palmetto Street.

For more Information: 
Van Rowell                   Rick Saunders
Marketing                    President & CEO
First Reliance Bank          First Reliance Bank
2170 W. Palmetto St.         2170 W. Palmetto St.
Florence, SC 29501           Florence, SC 29501
(843) 269-0264               (843) 656-5000
vrowell@firstreliance.com    rsaunders@firstreliance.com

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