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First Reliance Bancshares Reports Second Quarter 2021 Results
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First Reliance Bancshares Reports Second Quarter 2021 Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
First Reliance Bancshares Reports First Quarter 2021 Results
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FLORENCE, S.C., April 23, 2021 /PRNewswire/ First Reliance Bancshares, Inc. (OTC:FSRL), the holding company for First Reliance Bank (collectively, First Reliance or the Company ), today announced its financial results for the first quarter of 2021.
First Quarter 2021 Highlights
Net income for the first quarter of 2021 was $1.7 million, or $0.21 per diluted share, compared to $0.9 million, or $0.11 per diluted share, for the first quarter of 2020, representing an increase of 99.1%.
Total deposits increased by $67.2 million, or 11.3%, to $661.2 million at March 31, 2021 from $594.0 million at December 31, 2020. Non-interest bearing and interest bearing NOW accounts increased $41.0 million, or 14.2%, to 329.1 million at March 31, 2021 from $288.2 million at December 31, 2020.
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New rules for telco networks must be changed to benefit consumers: ACCAN
Proposed rules for wholesale telecommunications service providers must be tightened to protect Australians from under-performing phone and internet services, and slow connection and fault rectification timeframes, according to the Australian Communications Consumer Action Network (ACCAN).
The draft Telecommunications (Statutory Infrastructure Providers – Standards, Rules and Benchmarks) Determination 2021 proposes standards, rules and benchmarks for telecommunications carriers that provide wholesale broadband services, such as NBN Co. The rules proposed are in relation to timeframes for connections, repairs and appointment keeping, rebates, speeds, remediation and record keeping.
“The simple fact is that without competition at the wholesale level, network operators will not deliver in the interests of consumers, so we need a safety net to ensure a reliable level of service,” said ACCAN CEO, T
First Reliance Bank Adds Another Industry Veteran To Bank Leadership
New Senior Leader to Facilitate Additional Growth
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FLORENCE, S.C., Jan. 26, 2021 /PRNewswire/ First Reliance Bank has hired longtime banking industry executive F. Justin Strickland to serve as President of First Reliance Bank as it continues to expand its presence throughout North and South Carolina. The bank has recently invested heavily in tenured leadership who have spent their careers in the Carolinas and have built reputations as leaders in the industry.
First Reliance Bank has hired longtime banking industry executive F. Justin Strickland to serve as President of First Reliance Bank as it continues to expand its presence throughout North and South Carolina.
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