Allan D. Ivie, IV, President of Community Banking, received the award on behalf of the bank.
Online PR News – 10-February-2015 – ST. LOUIS – Reliance Bank, a subsidiary of Reliance Bancshares, Inc. (OTCPK: RLBS), was the proud recipient of the 2015 Saint Louis University Dr. Martin Luther King, Jr. Corporate Leadership Award for their efforts to make local communities more equitable.
Allan D. Ivie, IV, President of Community Banking at Reliance Bank, received the award on the behalf of the bank on January 16 at Saint Louis University’s 4th Annual Dr. Martin Luther King, Jr. Memorial Tribute and Awards Program. The event took place at the Busch Student Center on the university’s campus.
Upon receiving the award, Ivie spoke on behalf of the bank to nearly 400 people in attendance, the largest in the history of the event.
“We are very proud and honored to have received this award from Saint Louis University,” said Thomas H. Brouster, Sr., Chairman of the Board of Reliance Bank and Emeritus Trustee and former Chairman of the Board of Saint Louis University. “We have made great strides to lend a hand to local businesses and individuals, and we look forward to helping revitalize the community.”
In February Reliance Bank opened a loan production office located within the Justine PETERSEN building on N. Grand Boulevard. Justine PETERSEN is a nonprofit organization that is committed to assisting low-wealth individuals and small businesses in St. Louis to develop, maintain, and increase financial assets. Reliance hopes they can help create opportunities for people and their families that otherwise might not have been possible through this partnership with Justine PETERSEN.
The bank is also nearing the opening of another branch, which is located in The Grove neighborhood. It will be their first full service branch located in the City of St. Louis, and they are eager to begin providing lending and depository products and services to a diverse area that is currently under-banked.
About Reliance Bancshares, Inc.
Reliance Bancshares, Inc., headquartered in St. Louis, MO, is a Missouri bank holding company that provides a full range of banking services to individual and corporate customers. The Company’s common stock is quoted on the Pink Sheets (www.pinksheets.com) under the symbol “RLBS”. It currently operates twenty branches and one loan production office (LPO) in the St. Louis metropolitan area and two branches in Fort Myers, Florida under the name of Reliance Bank. The company’s total assets as of December 31, 2014 were approximately $1.2 billion. Reliance Bank’s website can be found at www.reliancebankstl.com.