San Francisco, CA

Five Star Bancorp opens San Francisco office, bringing personalized, concierge banking services to the San Francisco Bay Area

Published

1 year ago

September 3, 2024

Press Room

Five Star Bancorp opens San Francisco office, bringing personalized, concierge banking services to the San Francisco Bay Area

Five Star Bank is committed to restoring high-tech, high-touch banking in the San Francisco Bay Area

RANCHO CORDOVA, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today opened its first full-service office in San Francisco, further demonstrating its commitment to bringing personalized, concierge banking services to the San Francisco Bay Area.

The approximately 4,000-square-foot, full-service office is located at 345 California Street, Suite 2875 in San Francisco’s Financial District and will accommodate a seasoned team of banking professionals who provide a full suite of treasury products and services, usually available only through large national and global banks, to meet client banking needs and help protect them from fraud. On September 25, Five Star Bank will host an invitation-only grand-opening reception to celebrate its new office with clients, city officials, business and community leaders and media.

“This office opening is the capstone of a series of initiatives including hiring 22 Bay Area banking professionals since 2023. We are very pleased to bring our client-focused, concierge banking services to the San Francisco Bay Area. Our full-service office is open for business and we look forward to welcoming clients for in-person discussions to help them achieve their business goals,” said Five Star Bank President and Chief Executive Officer James Beckwith.

“Five Star Bank provides direct access to banking experts in the commercial, nonprofit and venture banking industries, and beyond. There is no substitute for in-person conversations and connectivity, the hallmarks of doing business with Five Star. Five Star’s commitment to the San Francisco Bay Area marks the return of high-tech, high-touch concierge banking and our new San Francisco office serves as a bridge to advancing existing client relationships and developing new relationships as we continue to build our presence and our business in the Bay Area,” said Five Star Bank’s San Francisco Bay Area President DJ Kurtze.

Five Star Bank’s 28^th floor San Francisco office features a spacious, open floor plan with abundant natural light and beautiful views of San Francisco and the San Francisco Bay in all directions. IN:SITE Design Build Associates, Inc., provided the office design and renderings, with general contracting services by GCI Contractors and office furniture from CRI, San Francisco.

Five Star Bank is a highly respected and trusted banking partner that has earned numerous awards and recognition:

The 2024 Greater Sacramento Economic Council’s Sustainability Award recognizing Five Star Bank’s support of industry growth in the Greater Sacramento region
2023 Raymond James Community Bankers Cup
2023 Piper Sandler’s Sm-All Stars
2023 Independent Banker Top Commercial Banks with More than $1 billion in assets (ranking number 6 in the nation)
The S&P Global Market Intelligence 2023 Top 50 Best-Performing Community Banks in the nation, ranking number 20 (banks with assets between $3 billion and $10 billion)
2024 Bank Director Magazine (RankingBanking), The Best U.S. Banks with assets less than $5 billion, ranking number 5

About Five Star Bancorp
Five Star Bancorp 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 eight branches in Northern California. For more information visit https://www.fivestarbank.com.

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, 2023 and Quarterly Report on Form 10-Q for the quarter ended June 30, 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 Officer
Five Star Bancorp
(916) 626-5008
hluck@fivestarbank.com

Media Contact:
Shelley R. Wetton, Chief Marketing Officer
Five Star Bancorp
(916) 284-7827
swetton@fivestarbank.com

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San Francisco, CA

Executive chef of new buzzy San Francisco restaurant Bourbon Steak visits ABC7

Published

10 hours ago

December 23, 2025

Press Room

Executive chef of new buzzy San Francisco restaurant Bourbon Steak visits ABC7

SAN FRANCISCO (KGO) — ABC7 got in the holiday spirit Monday with the executive chef of San Francisco’s buzziest restaurants that just opened in October — to a lot of fanfare.

We’re talking about Bourbon Steak, inside the Westin St. Francis Hotel.

Legendary celebrity chef Michael Mina’s latest opening brings him back to San Francisco, and everyone came to celebrate: a cable car, Mayor Daniel Lurie, and Warriors superstar Stephen Curry — a partner in this venture who created the bourbon bar Eighth Rule inside the restaurant.

But they’re not just about style. They are first and foremost about steaks.

Because they are on the menu for so many holiday gatherings, we are delighted that Bourbon Steak executive chef Kevin Schantz joined us on ABC7’s “Midday Live.”

Watch the full interview in the player above.

If you’re on the ABC7 News app, click here to watch live

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San Francisco, CA

Thousands in one San Francisco neighborhood heading into another day without power

Published

22 hours ago

December 23, 2025

Press Room

Thousands in one San Francisco neighborhood heading into another day without power

While many people in San Francisco have their power back, there are still thousands without it.

At a press conference Monday afternoon, Mayor Daniel Lurie said 4,000 PG&E customers in the Civic Center area are still in the dark. One of them is Parvathy Menon.

“We haven’t been able to take showers or use the bathroom,” said Menon. “Our electricity is out. I think all our food started rotting about a day in.”

She lives at 100 Van Ness. She said she’s grateful she’s going out of town tomorrow, but even that’s posing some problems.

“I actually have to pack for a trip tonight, and we’re doing it in full darkness,” Menon explained. “We are using our phone lights, we are using our laptops to charge our phones.”

Her apartment is pitch black, except for the small amount of streetlight coming through the windows. She said the apartment complex has been doing all they can to help, like providing some food and water.

They have a small generator to power some lights in the lobby and one elevator for the nearly 30-story apartment building.

Menon said she is most upset about the lack of communication from PG&E.

“Initially, when this started, we were supposed to get power back within the day, then it went to the next day and now they just stopped calling us completely,” said Menon.

San Francisco City Hall was closed for the day because of the outage, but Mayor Daniel Lurie held a press conference with Supervisors Matt Dorsey and Bilal Mahmood.

Lurie said what residents have gone through is unacceptable, and he’s lost trust in PG&E’s estimated times for repair.

“They gave us a timeline that they believe in, but it’s not one that I can have confidence in any longer,” Lurie said. “So, we don’t have full faith that 6 a.m. is the time tomorrow.”

“Shame on PG&E for having this happen,” said District 6 Supervisor Matt Dorsey. “This is a company that has had a lot of reliability issues and the jury is out on what happened, but if this is negligence, I think it’s going to be really important for people to understand they have rights as customers.”

Leaders encourage everyone who lost anything to file a claim with PG&E; they could be eligible for reimbursements. Mahmood is calling for a hearing after the new year to get some answers for PG&E.

“What went wrong, why weren’t they able to address it this weekend and what steps are they taking to make sure this doesn’t happen again,” said Mahmood about the question he has for the utility company.

PG&E said the outage happened after a fire at its Mission Street substation left significant damage, but the cause is still under investigation.

Meanwhile, Menon has been refreshing social media looking for good news, but she’s starting to lose faith.

“They’re really doing nothing to help us here, so I’m losing hope,” said Menon.

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San Francisco, CA

San Francisco blackout: What we know

Published

1 day ago

December 22, 2025

Press Room

A fire at a Pacific Gas & Electric substation in SoMa knocked out power to as many as 130,000 customers starting Saturday, leaving thousands in the dark heading into the holiday season and a week of intense storms. Here’s what we know about the outage and state of restoration.

What happened?

The fire began shortly before 1:10 p.m. Saturday at PG&E’s Mission substation at Eighth and Mission streets, initially affecting 40,000 customers. As firefighters worked to suppress the blaze, crews de-energized additional portions of the electric system for safety, causing outages to peak at approximately 130,000 customers.

The fire damaged critical equipment, including a circuit breaker — a safety switch designed to de-energize the system when problems are detected. Firefighters faced unusual complexities suppressing the fire in the multilevel building, including ventilating carbon monoxide before crews could safely enter.

When did power come back?

Firefighters made the building safe for PG&E crews to enter by 6:15 p.m. Saturday. Restoration efforts began immediately. Nearly 32,000 customers were reconnected by 8:45 p.m. Saturday, and about 100,000 — roughly 75% of those affected — were up by 9:30 p.m.

By noon Sunday, 90% of affected customers had power restored. PG&E initially projected full restoration by 2 p.m. Monday; however, a spokesperson said the utility was extending restoration times (opens in new tab) for the remaining 4,400 customers without power. No time frame has been announced.

A PG&E map Monday afternoon shows lingering outages in the Civic Center and SoMa neighborhoods, as well as scattered pockets in the Outer Sunset and Marina District. | Courtesy PG&E

What sparked the fire?

PG&E says it doesn’t know. COO Sumeet Singh said Monday that the extensive equipment damage makes it difficult to determine a root cause. The utility has hired Exponent, a Bay Area-based engineering firm, to conduct an independent investigation.

“We will determine what occurred to ensure it never happens again,” Singh said at a press conference outside the damaged substation.

Was the equipment properly maintained?

PG&E completed preventative maintenance at the Mission substation in October and conducted its most recent bimonthly inspection Dec. 5. Singh said neither inspection identified any problems.

A man wearing a PG&E hard hat and safety vest speaks at a microphone stand with various news outlet logos, while others in safety gear stand behind him. — PG&E COO Sumeet Singh offers an apology Monday outside the damaged substation at Eighth and Mission streets. | Source: George Kelly/The Standard

Why were the estimated restoration times wrong?

Many customers were irate as they were repeatedly given estimated restoration times that came and went. Singh acknowledged the failure and said PG&E’s estimation systems typically perform well, with more than 91% accuracy systemwide.

“It obviously did not work effectively in the circumstance over this weekend,” Singh said. “We are committed to understanding exactly what happened, why it happened, and owning the fixes.”

Were other substations damaged?

Residents have observed a large presence of workers at a substation at 24th Avenue and Balboa Street since Sunday, but the utility has not shared details on what is being done there.

Six hulking diesel generators, which one worker said cost $600,000 to operate daily, were parked outside the substation Monday afternoon. The generators are needed to feed power to the grid while both substations are not fully operational. Crews said they are expected to run for at least two to three days.

Two workers said the substation is undamaged and still online, but its output is diminished because it is fed power by the much larger substation at Eighth and Mission.

However, another said one of the substation’s transformers blew out after a power surge following the fire, and the generators are needed to compensate while workers “update the system” of the west-side substation.

How will customers be compensated?

PG&E plans to offer an expedited claims process for affected customers to seek compensation for losses, including spoiled food, lost business revenue, and hotel costs. Singh said details will be available soon on the utility’s website and through customer service.

He declined to specify compensation limits or provide immediate financial relief, saying customers would need to file claims that PG&E would process quickly. The utility opened a community resource center in the Richmond and partnered with 211 to provide hotel accommodations and food vouchers for vulnerable customers.

Could this happen again?

Singh said PG&E has identified no vulnerabilities at other substations and has made significant upgrades systemwide. Two strong storms forecast for Tuesday and Wednesday (opens in new tab) could bring 4 to 10 inches of rain to Northern California; he said more than 5,500 PG&E workers and contractors are positioned to respond.

The outage occurred 22 years to the day (opens in new tab) after a mass blackout at the same substation in 2003, raising questions about aging infrastructure that Singh did not directly address.

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