Five Star Bancorp Announces Addition of San Francisco Bay Area Commercial Banking Team
05 Setembro 2023 - 2:00PM
Five Star Bancorp (Nasdaq: FSBC) and its wholly owned subsidiary,
Five Star Bank (“Five Star” or the “Company”), announced the hiring
of another team of seasoned professionals in San Francisco,
California, to advance the Company’s expansion strategy.
The Company is adding to 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 full service office in,
or around, the San Francisco Financial District in the coming
months.
“We are building momentum in the San Francisco Bay Area as we
welcome a team of four well-respected and highly experienced
professionals who will enhance our expansion efforts in the Bay
Area,” said Chief Executive Officer, James Beckwith. “We have
gained considerable traction as more and more decision-makers learn
about our extensive business banking capabilities. We have the
high-tech banking solutions demanded by Bay Area customers, along
with a high-touch and relationship-focused business model our
customers value and trust. As we meet the demand for services
caused by recent bank failures, we are introducing Bay Area
customers to a highly personalized, concierge banking experience.
Our clients can count on our team to listen to, and support, their
interests which we expect will benefit communities through regional
economic growth for many years to come.”
Headquartered in Rancho Cordova, California, Five Star Bank is a
commercial bank that regularly earns top industry awards, ratings,
and recognition. The Company earned the #1 ranking on the S&P
Global Market Intelligence annual rankings of 2022’s
best-performing community banks in the nation. It was also 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 StatementsThis 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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