Florence, S.C.-based FirstReliance Bank, a unit of FirstReliance Bancshares Inc., expanded into Loris, Conway and North MyrtleBeach, S.C., markets through a new loan production office. The bank,pending regulatory approval, plans to convert the loan production office into afull-service location.
Furthermore, First Reliance Bank appointed James Clarkson marketpresident of the Loris, Conway and North Myrtle Beach markets, according to a July7 news release.
Clarkson previously served as president and CEO of Loris-based HCSB Financial Corp. and unit Horry County State Bank.
In his new role, he will be responsible for growing First RelianceBank's market share and locations within the Loris, Conway, North Myrtle Beach,and Tabor City, N.C., markets.