Background

Jeffrey A. Paolucci, Chief Financial Officer, Director, and Secretary of First Reliance Bancshares and First Reliance Bank has over 13 years of banking and banking related experience. Mr. Paolucci joined the bank in September 2002 and is responsible for collaborating with the CEO in overall administration of the bank and directing a significant portion of the institution’s operations and strategic initiatives. Additionally, Mr. Paolucci is responsible for financial management and operational performance, credit review administration, risk management, accounting, audit and compliance, accounts payable, investments, bank security, and facilities management.

Prior to joining First Reliance Bancshares and First Reliance Bank, Mr. Paolucci had been an FDIC Safety and Soundness Bank Examiner in the Columbia, South Carolina field office since 1993. The majority of his duties included administering and managing examinations of financial institutions ensuring compliance with Federal and State banking regulations, financial regulatory reporting, asset/liability management, investment analysis, capital market and funding analysis, de novo bank operations, and merger and acquisition oversight. Mr. Paolucci served as an on-site management liaison and directed the closing procedures for various troubled financial institutions. Mr. Paolucci served routinely as an Instructor at the FDIC Training Center in Washington D.C., and served on the development council for de novo bank investigations. While at the FDIC, Mr. Paolucci was recognized for Special Acts and Superior Performance.

Education

Mr. Paolucci is a 1993 graduate from the University of Akron earning a Bachelor of Science degree in Finance/Accounting. He graduated Magna Cum Laude and is a Fulbright Scholar nomination recipient.

Memberships

Mr. Paolucci participates in a number of civic and charity organizations including the Florence West Rotary Club. In addition, he is a member of the South Carolina Bankers Association Asset Liability Committee and is on the Board of Directors for the Greater Florence Chamber of Commerce.