Exhibit 99.1
Contact: Thomas T. Cooke
(314) 378-7800
Earnings Release
ST. LOUIS, July 22, 2011 — Reliance Bancshares, Inc., the parent company of Reliance Bank and Reliance Bank, FSB, announces its second quarter, 2011 results. Problem loans decreased $38.9 million since December 31, 2010 or 22.7% while problem assets decreased $15 million or 7.4% from December 31, 2010. The Company has experienced two consecutive quarters of problem loan reduction. Non-performing loans totaled 16.2% of outstanding loans as of June 30, 2011, compared to 17.6% at December 31, 2010. During the second quarter of 2011, net charge-offs were $6.6 million. “We continue to make headway in the resolution of our troubled assets and I am pleased with the progress that has been achieved in reducing our problem loans for the second consecutive quarter,” said Allan D. Ivie, IV, President and CEO.
The Company reports a net loss of $8.2 million compared to a net loss of $3.5 million for the second quarter, 2010. Year-to-date, the net loss totaled $13.4 million compared to a net loss of $6.0 million for the same period last year. The Company contributed $11.9 million to the reserve for loan losses during the first six months comparing favorably to $17.3 million for the same period in 2010. The second quarter 2011 provision for possible loan losses was $6.8 million compared to $9.6 million for the same period last year. At June 30, 2011 the reserve for loan losses was $37.3 million which represented 4.57% of outstanding loans. Management remains cautiously optimistic that the number of problem credits has stabilized.
    Originated In    
    Florida   All other   Total
Net Charge-offs (quarter ended 6/30/2011)
  $ 0.3  million   $ 6.3  million   $ 6.6  million
Net Charge-offs (quarter ended 6/30/2010)
  $ 3.9  million   $ 2.3  million   $ 6.2  million
Non-performing Loans (6/30/2011)
  $ 20.5  million   $ 111.7  million   $ 132.2  million
Non-performing Loans (12/31/2010)
  $ 26.3  million   $ 144.8  million   $ 171.1  million
Non-performing Loans (6/30/2010)
  $ 22.6  million   $ 71.3  million   $ 93.9  million
Non-performing Assets* (6/30/2011)
  $ 35.0  million   $ 152.1  million   $ 187.1  million
Non-performing Assets* (12/31/2010)
  $ 41.6  million   $ 160.5  million   $ 202.1  million
Non-performing Assets* (6/30/2010)
  $ 42.9  million   $ 87.3  million   $ 130.2  million
Outstanding Loans Originated In Respective Markets
  $ 43.8  million   $ 771.3  million   $ 815.1  million
*   Included in Non-performing Assets are Non-performing Loans, Other Real Estate Owned and Non-performing Investments.


The following information was filed by Reliance Bancshares, Inc. (RLBS) on Monday, July 25, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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