First Reliance’s investment pays off for educators
One year after First Reliance Bank announced its partnership with Florence 1 Schools, the two partners are celebrating the success of the program’s efforts to help and support educators with home ownership. Last year, First Reliance Bank committed $100,000 in affordable housing grants through its Hometown Heroes program to eligible teachers and educators who work for Florence 1 Schools. First Reliance is now pleased to announce that all available grant funds were awarded during the first year, helping eight teachers and educators with Florence 1 Schools in their homeownership journey. While the initial program has concluded, First Reliance Bank is continuing to offer support for Florence One employees through the First Reliance At Work program. This benefits package is tailored to meet the needs of employees of local businesses, including the school district. The program offerings include up to $1,000 toward mortgage closing costs and $500 toward home equity loan closing costs, a mortgage service guarantee of up to $500 and a 0.75% customer loan rate reduction with a checking account and automatic loan payment, among other key benefits. “We’re thrilled with the success of our partnership with Florence 1 Schools through our Hometown Heroes program,” said First Reliance Florence Market President Tom Ewart. “We appreciate Florence 1 Schools combining efforts with us to offer this innovative package to benefit school employees and we look forward to continuing our partnership with these hometown heroes.” In addition to the housing grant partnership and the First Reliance At Work program benefits package, First Reliance also offers financial literacy webinars on topics such as: budgeting, preparation for home ownership and investment services.