Independent Banker - January 2023 - 62

CONNECTIONS COMMUNITY SPIRIT
First Reliance Bank's
founder and CEO Rick
Saunders with his wife,
Tiffany, and three children
Adopting a family-first culture
To help ease the process, First Reliance Bank offers assistance for associates who welcome
a foster or adopted child into their family. By Rachel Hatcher
he road for couples and families
looking to adopt is littered with
hurdles. Maybe they're still saving up
to accommodate the costs, or their
employer isn't willing to provide the
time off necessary for a child to adjust
to their new home.
First Reliance Bank, a
$925 million-asset community bank
in Florence, S.C., has made strides to
T
break down these barriers.
According to the national nonprofit
Dave Thomas Foundation for
Adoption, finances are a concern
for 54% of adults considering
adoption from foster care and 76%
for international adoption. To ease
concerns like this for their employees,
First Reliance Bank established its
Adoption Assistance Policy, which
62 // ICBA Independent Banker // January 2023
provides financial reimbursement for
adopting families.
The community bank grants
program participants up to $14,500,
which can go towards adoption
expenses such as public and private
adoption agency fees, legal fees,
medical and travel expenses, and
other associated costs. In addition,
FRB provides eight weeks of paid

Independent Banker - January 2023

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Table of Contents
Independent Banker - January 2023 - Cover1
Independent Banker - January 2023 - Cover2
Independent Banker - January 2023 - Table of Contents
Independent Banker - January 2023 - 2
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