Five Star Bancorp invests in San Francisco Bay Area expansion strategy by hiring and promoting seasoned talent
17 Julho 2024 - 1:30PM
Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”)
announced the hiring of seasoned commercial banking professional,
Jeff Winkel, as Senior Vice President / Managing Director, and the
promotion of Reagan Ballo to Vice President / Managing Director of
Government Banking, both of whom will advance the Company’s
expansion strategy in the San Francisco Bay Area. The Company
expects to open a full-service office at 345 California Street, San
Francisco, in the third quarter of 2024.
“We are very pleased to welcome Jeff, a fourth
generation San Franciscan and a highly experienced professional,
who we believe will enhance our expansion efforts in the Bay Area,
and especially, the non-profit community,” said Five Star Bank
President and Chief Executive Officer, James Beckwith. “We are also
pleased Reagan has been promoted to expand upon Five Star’s
outreach efforts to special districts in the greater San Francisco
Bay Area. We have gained considerable traction in onboarding new
Bay Area clients who have learned about our extensive high-tech and
high-touch business banking capabilities and we look forward to
Jeff and Reagan introducing new clients to our organization.”
“Five Star Bank is closing the gap in San
Francisco commercial banking left from the Silicon Valley Bank and
First Republic Bank failures,” said Five Star Bank San Francisco
Bay Area President, DJ Kurtze. “The Bay Area community has been
seeking a Northern California bank that provides a highly
personalized concierge banking experience – and Five Star has
answered the call. Jeff was a Senior Managing Director at First
Republic Bank for over 23 years and is extremely committed to the
San Francisco Bay Area community. Our clients in the non-profit
sector can count on him to listen to and support their interests,
which we expect will benefit the communities we serve. Similarly,
Reagan has been serving public entities and their critical role in
our communities. A resident of the North Bay, Reagan will
strengthen our efforts in the greater Bay Area market.”
Prior to joining Five Star Bank as Senior Vice
President / Managing Director, Winkel served as Senior Vice
President, Group Director of Commercial and Private Banking at
Flagstar Bank and Senior Managing Director of Business Banking at
First Republic Bank. At First Republic Bank, Winkel was responsible
for underwriting business credit requests, growing overall banking
relationships and ensuring a high-level client service experience.
Winkel managed senior credit analysts and senior compliance
officers, and worked closely with a team of preferred bankers in
different regions who assisted in managing clients’ day-to-day
banking needs. His work focused mainly in the San Francisco Bay
Area, but he had a presence in New York City and Southern
California. Winkel’s client composition leans heavily toward the
non-profit sector.
Prior to his promotion to Vice President /
Managing Director of Government Banking, Ballo served as Vice
President, Government Banking Officer at Five Star Bank. Ballo
joined Five Star in 2018 as an Accelerated Leadership Track
participant. In this program, Ballo worked in the operations
department as well as the relationship banking department. He was
soon promoted to Market Intelligence Analyst where he identified
new business opportunities. He now leads the bank’s government
banking efforts. Ballo graduated from the University of California,
Davis with a Bachelor of Science degree in managerial economics and
a minor in contemporary leadership. In the past, Ballo served on
the board of the UC Davis Chapter for Students in VITA, an IRS
program that provided free tax return preparation to low-income
individuals and families, the elderly and those with
disabilities.
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. The Bank has seven branches in Northern
California. For more information visit
https://www.fivestarbank.com/.
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, 2023, and Quarterly Report on Form 10-Q for the
quarter ended March 31, 2024, in each case 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.
Investor Contact:Heather C.
Luck, Chief Financial OfficerFive Star Bancorp (916)
626-5008hluck@fivestarbank.com
Media Contact:Shelley R.
Wetton, Chief Marketing OfficerFive Star Bancorp(916)
284-7827swetton@fivestarbank.com
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