ADale Porter - First Reliance Director

FSRL Stock  USD 9.75  0.05  0.51%   

Director

Mr. A. Dale Porter is the Director of First Reliance Bancshares, Inc., since April 12, 2001. He was VP Senior Loan Administrator since December 2007 a director of the Bank since August 1999. From June 2005 to December 2007. Mr. Porter served as Senior Branch Administrator for the Bank from April 2004 to June 2005, Mr. Porter served as the Senior Deposit Operations Manager for the Bank from September 2002 to April 2004, Mr. Porter served as Controller for the Bank and from August 1999 to September 2002, Mr. Porter served as Executive Vice President, Chief Financial Officer and Secretary of the Bank. Prior to joining the Company and the Bank, Mr. Porter was Regional Support SpecialistOperational of the region of Centura Bank in South Carolina from the time Centura Bank acquired Pee Dee State Bank by merger in March 1998 until October 1998, when he resigned to organize the Bank since 2001.
Age 72
Tenure 23 years
Phone843 656 5000
Webhttps://www.firstreliance.com
Porter was Cashier and a director of Pee Dee State Bank from January 1978 until March 1998 and was manager of data processing from February 1972 until January 1978.

First Reliance Management Efficiency

First Reliance's management efficiency ratios could be used to measure how well First Reliance manages its routine affairs as well as how well it operates its assets and liabilities.
First Reliance Bancshares currently holds 39.48 M in liabilities. Debt can assist First Reliance until it has trouble settling it off, either with new capital or with free cash flow. So, First Reliance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Reliance Bancshares sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Reliance's use of debt, we should always consider it together with cash and equity.

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DIRECTOR Age

Richard JacobsonFirst Financial Northwest
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Joann CPAFirst Financial Northwest
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First Reliance Bancshares, Inc. operates as the bank holding company for First Reliance Bank that provides banking products and services in the United States. First Reliance Bancshares, Inc. was founded in 1999 and is based in Florence, South Carolina. First Reliance operates under BanksRegional classification in the United States and is traded on OTC Exchange. It employs 175 people. First Reliance Bancshares [FSRL] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

First Reliance Bancshares Leadership Team

Elected by the shareholders, the First Reliance's board of directors comprises two types of representatives: First Reliance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Reliance's management team and ensure that shareholders' interests are well served. First Reliance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Reliance's outside directors are responsible for providing unbiased perspectives on the board's policies.
Justin Strickland, President
Leslie Chaplin, Ex HR
Paul Saunders, Sr. VP, Assistant Secretary, Director, Sr. VP of First Reliance Bank and Director of First Reliance Bank
ADale Porter, VP, Sr. Loan Administrator, Director, VP of First Reliance Bank, Sr. Loan Administrator of First Reliance Bank and Director of First Reliance Bank
Ben Brazell, Exec Officer
Charles Stuart, Pres Division
Robert Dozier, Sr COO
Fredrick Saunders, CEO Director
Robert Haile, Sr Officer
Jeremy Groom, Ex Management

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is First Reliance a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in First Pink Sheet

First Reliance financial ratios help investors to determine whether First Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Reliance security.