Five Star Bancorp Announces Addition of San Francisco Bay Area Commercial Banking Team

RANCHO CORDOVA, Calif., Sept. 05, 2023 (GLOBE NEWSWIRE) -- 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).