First Reliance Bancshares - M&A Summary and Business Overview

Financial ServicesCompany

First Reliance Bancshares M&A Summary

First Reliance Bancshares has acquired 1 company. A total of 1 acquisition came from private equity firms.

First Reliance Bancshares’ largest acquisition to date was in 2017, when it acquired Independence Bancshares for $11M. First Reliance Bancshares has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

First Reliance Bancshares Business Overview

Where is First Reliance Bancshares headquartered?

First Reliance Bancshares is headquartered in Florence, South Carolina.

What sector is First Reliance Bancshares in?

First Reliance Bancshares is a financial services company.

When was First Reliance Bancshares founded?

First Reliance Bancshares was founded in 1999.

M&A Summary

M&A Total Activity1
- M&A Buy Activity1
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 1

First Reliance Bancshares, Inc.

2170 West Palmetto St.,
Florence, South Carolina 29501
United States,
(843) 656-5000
www.firstreliance.com

First Reliance Bancshares, Inc. is the holding company for First Reliance Bank. The Bank was founded in 1999, employs approximately 141 highly-talented associates and serves the Columbia, Lexington, Charleston, Mount Pleasant, Summerville, Loris, North Myrtle Beach, and Florence markets in South Carolina. First Reliance Bank offers several unique customer programs which include a Hometown Heroes package of benefits for those who are serving our communities, Check 'N Save, a community outreach program for the unbanked or under-banked, a Moms First program, and an iMatter program targeted to young people.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	1	-	-	-	-	-	1
Buy (0.0/yr)	vol	$11M						$11M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								1

Most Recent M&A

Company	Date	Value	Type
Independence Bancshares, Inc. (dba nD bancgroup)	2017-09-25	11M USD	Add-on Acquisition
Greenville, South Carolina · www.independencenb.com
View All >>

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Financial Services		1 (100%)	11M (100%)	-	-
Total		1	$11M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		1	11M	-	-
	South Carolina	1	11M	-	-
Total		1	$11M	-	-

Deal Values

buy	#	Total
< $100M	1	$11M
TOTAL		$11M
Largest	Independence Bancshares, Inc. (dba nD bancgroup) $11M (2017-09-25)

M&A Connections

		Deals
Acquired from
Investor(s)	100%	1 (100%)

Company Summary

SECTOR

Financial Services

Established

1999

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First Reliance Bancshares - M&A Summary and Business Overview

Financial ServicesCompany