Five Star Bancorp Expands into San Francisco Bay Area with Addition of Commercial Banking Team
05 Junho 2023 - 2:00PM
Five Star Bancorp (Nasdaq: FSBC) and its wholly owned subsidiary,
Five Star Bank (“Five Star” or the “Company”), the top-performing
community bank in the nation with assets between $3 billion and $10
billion according to S&P Global Market Intelligence, announced
expansion into San Francisco, California, to seize market
opportunities.
The Company is leveraging an existing team of
proven Bay Area professionals led by DJ Kurtze, Five Star Bank’s
San Francisco Bay Area Region President, to execute on the
acquisition and retention of new clients. Five Star expects to open
a Loan Production Office in, or around, the San Francisco Financial
District in the coming months.
“We are pleased to announce the beginning of our
regional expansion into the San Francisco Bay Area where we already
have deep roots, existing relationships and extensive
connectivity,” said Chief Executive Officer, James Beckwith. “Our
history of successfully serving clients in this market compels us
to create a physical presence through a dedicated and sophisticated
team of professionals. We believe in San Francisco and have
confidence in the region’s robust talent pipeline and the strength
of its diverse and competitive business environment. Our clients
can count on our team to listen to, and support, their interests
which we expect will benefit communities through regional economic
growth. We have hit the ground running.”
Headquartered in Rancho Cordova, California,
Five Star Bank is a commercial bank that regularly earns top
industry awards, ratings, and recognition. In addition to the #1
ranking on the S&P Global Market Intelligence annual rankings
of 2022’s best-performing community banks in the nation, Five Star
was recently awarded the 2022 Raymond James Community Bankers Cup
recognizing the top 10% of community banks in the nation based on
various profitability, operational efficiency and balance sheet
metrics (banks considered for recognition include all
exchange-traded domestic banks, excluding mutual holding companies
and potential acquisition targets, with assets between $500 million
and $10 billion as of December 31, 2022).
About Five Star BancorpFive
Star is a bank holding company headquartered in Rancho Cordova,
California. Five Star operates through its wholly owned banking
subsidiary, Five Star Bank. Five Star Bank has seven branches and
one loan production office in Northern California.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements represent
plans, estimates, objectives, goals, guidelines, expectations,
intentions, projections, and statements of the Company’s beliefs
concerning future events, business plans, objectives, expected
operating results, and the assumptions upon which those statements
are based. Forward-looking statements include without limitation,
any statement that may predict, forecast, indicate, or imply future
results, performance, or achievements, and are typically identified
with words such as “may”, “could”, “should”, “will”, “would”,
“believe”, “anticipate”, “estimate”, “expect”, “aim”, “intend”,
“plan” or words or phases of similar meaning. The Company cautions
that the forward-looking statements are based largely on the
Company’s expectations and are subject to a number of known and
unknown risks and uncertainties that are subject to change based on
factors which are, in many instances, beyond the Company’s control.
Such forward-looking statements are based on various assumptions
(some of which may be beyond the Company’s control) and are subject
to risks and uncertainties, which change over time, and other
factors, which could cause actual results to differ materially from
those currently anticipated. New risks and uncertainties may emerge
from time to time, and it is not possible for the Company to
predict their occurrence or how they will affect the Company. If
one or more of the factors affecting the Company’s forward-looking
information and statements proves incorrect, then the Company’s
actual results, performance, or achievements could differ
materially from those expressed in, or implied by, forward-looking
information and statements contained in this press release.
Therefore, the Company cautions you not to place undue reliance on
the Company’s forward-looking information and statements. Important
factors that could cause actual results to differ materially from
those in the forward-looking statements are set forth in the
Company’s Annual Report on Form 10-K for the year ended
December 31, 2022 under the section entitled “Risk Factors,”
and other documents filed by the Company with the Securities and
Exchange Commission from time to time.
The Company disclaims any duty to revise or
update the forward-looking statements, whether written or oral, to
reflect actual results or changes in the factors affecting the
forward-looking statements, except as specifically required by
law.
Media Contact:Heather Luck,
CFOFive Star Bancorp hluck@fivestarbank.com916.626.5008
Shelley Wetton, CMOFive Star
Bancorpswetton@fivestarbank.com916.284.7827
Five Star Bancorp (NASDAQ:FSBC)
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