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

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


Five Star Bank

Five Star Bank

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.

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“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 28th 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.

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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

Death of beloved neighborhood cat sparks outrage against robotaxis in San Francisco

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Death of beloved neighborhood cat sparks outrage against robotaxis in San Francisco


The death of beloved neighborhood cat named KitKat, which was struck and killed by a Waymo in San Francisco’s Mission District last week, is sparking uproar in the city and across the internet. Now local politicians and community leaders are harnessing momentum to put new limits on the fast-spreading autonomous vehicle industry.

KitKat was a regular fixture at the deli and liquor store Randa’s Market, and was well known in the neighborhood and on social media. In a recent podcast interview, Daniel Zeidan, part of the family that owns Randa’s, described KitKat as unequivocally adored.

“The nickname that they had for him was the mayor of 16th Street,” Zeidan said. “He would walk down there, stare up at the employees and wait for them to throw chicken at him … He really ran the block.”

But on 27 October, KitKat was struck by a Waymo autonomous vehicle, which in recent years has become a ubiquitous sight around the city. Waymo confirmed the death in a statement to the Guardian. “While our vehicle was stopped to pick up passengers, a nearby cat darted under our vehicle as it was pulling away,” a company spokesperson said.

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Tributes have poured in across social media for KitKat, who could often be found curled up behind the counter at Randa’s, or strolling into the nearby Dalva bar to receive a royal reception. A shrine has popped up outside of Randa’s, replete with photos of KitKat, bouquets of flowers and well-wishes.

Local legislators are using the incident to call for limits on the industry’s growth. Jackie Fielder, a San Francisco city supervisor, said she plans to introduce legislation that would allow counties to decide whether they will permit the operation of autonomous vehicles, and is calling upon the California legislature to consider doing the same. Fielder said the bill will be similar to a 2024 effort in the California legislature.

“We are absolutely coming for your bottom dollar,” Fielder said of Waymo in a Tuesday press conference held outside of Randa’s Market. Speakers included local politicians, union leaders and transit advocates, who touched on fears of job replacement via AI and the loss of local political control against tech companies.

Justin Dolezal, a local bar owner and head of a small business coalition, also spoke about KitKat’s role in the community, and in favor of the resolution.

“The mayor of this space was taken by technology that none of us asked for, and crucially to this resolution, none of us consented to,” Dozel said.

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KitKat’s death is the latest swell in waves of anti-AI sentiment and concerns over autonomous vehicles, although others point to data showing a firm safety record. While Waymo says it operates around 1,500 cars across the US, exact numbers for San Francisco’s fleet are unclear. Protestors and activists have taken to disabling Waymos by placing traffic cones on their hoods or even setting them on fire. Cruise, another autonomous taxi company, agreed last year to shell out more than $8m in 2024 to a Bay Area woman who was dragged over 20ft of pavement by an autonomous vehicle. Questions have also arisen over how to ticket and discipline autonomous vehicles when they violate traffic laws.

Waymo declined to comment on the proposed legislation in a written statement to the Guardian but said that “trust and the safety of the communities we serve is our highest priority”.

“We send our deepest sympathies to the cat’s owner and the community who knew and loved him, and we have made a donation to a local animal rights organization in his honor,” the statement said.

As politicians push for change, some have taken upon themselves to honor KitKat in distinctly Silicon Valley-style ways. Zeidan has released a memecoin honoring KitKat’s legacy, and also said that he was disappointed to see others launch their own imitation tokens in an attempt to profit off KitKat’s death.

Zeidan hopes to use proceeds to support local veterinarians and animal welfare organizations. He was inspired to do so after the veterinarian that attempted to save KitKat’s life dropped the cost of the entire medical bill.

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“We wanted to honor the cat,” Zeidan said. “We want to support shelters, we want to support local animal organizations that help animals.”





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San Francisco man found guilty of murder in brutal beating of elderly woman exercising

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San Francisco man found guilty of murder in brutal beating of elderly woman exercising


A young man has been found guilty of murder in the brutal beating of an 89-year-old woman who died a year after the attack.

Verdict

What we know:

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Keonte Gathron, 25, was convicted Tuesday in the killing of Yik Oi “Huang Popo” Huang, who was robbed near her Visitacion Valley home in January 2019.

The Attack

The backstory:

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Huang had stepped outside to do her daily exercises at the Visitacion Valley Playground when she was attacked.

After beating and robbing the elderly woman, authorities said Gathron went to Huang’s nearby home and burglarized it.

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Huang was found on Raymond Avenue, a few blocks from her home, bloodied, disoriented, and suffering from severe head injuries. She died a year later, in January 2020, from complications related to her injuries.

The park where the attack occurred was later renamed Yik Oi Huang Peace and Friendship Park in honor of the woman.

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This S.F. engineer wants to make it easier to park in the city, with a free app

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This S.F. engineer wants to make it easier to park in the city, with a free app


Parking can be difficult in San Francisco neighborhoods like the Excelsior. But an engineer who lives in the city wants to make it easier with an app to help people park.

Carlos Avila Gonzalez/S.F. Chronicle

Anyone who has parked in San Francisco knows that each street presents myriad possible ways to get a ticket.

There are loading zones. Two- and four-hour restrictions. Scheduled street cleanings. Sprawling construction sites. Red “daylit” curbs to make crosswalks more visible. Hills where curbing wheels is mandatory.

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Frustrated by the whole complex puzzle of rules and hard-to-read signs, a software engineer is cobbling an app to make them more legible. His invention, called “Ticketless,” would automatically detect when and where people have parked, and send notifications if they risk receiving a citation.

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“I feel like a lot of people need this,” engineer Abdullah Zahid said of the app, which he hopes to unveil within the next few weeks. A resident of the Outer Richmond, Zahid has learned to navigate all the landmines of parking in San Francisco, including the regular 9 a.m. cleanings on his block. He knows the agony of circling for 20 minutes to find that one elusive parking spot at 6 p.m. in the Mission District, only to walk half a block and see a sign warning not to park there.

Abdullah Zahid has created an app called “Ticketless” which would automatically detect when and where people have parked in San Francisco.

Abdullah Zahid has created an app called “Ticketless” which would automatically detect when and where people have parked in San Francisco.

Courtesy Abdullah Zahid

When Zahid advertised the concept on Reddit, his post went viral. As of Monday, Ticketless had roughly 1,000 people on a waiting list. 

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He is among a group of tech-savvy do-gooders — and pranksters — who are mining data from San Francisco’s public websites and trying to make it more accessible to regular people. Another such innovator, Patrick McCabe, developed an app called SolveSF, which uses artificial intelligence to ease the process of filing reports to the city’s 311 system. 

City leaders do not always welcome these creations. When North Beach software engineer Riley Walz rolled out an app to track city parking officers in real time, the San Francisco Municipal Transportation Agency quickly cut off the data source. 

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But Zahid’s mission seems to align with that of the SFMTA, in that he wants to help people park legally and safely, perhaps saving them from a colossally expensive mistake, or the headache of retrieving a car from a tow yard.

“Our ultimate goal for parking enforcement is compliance, and we welcome creative ideas if it means bringing safe and helpful reminders on how to properly park,” a spokesperson for SFMTA said in a statement, which included the agency’s own guide on legal parking. SFMTA declined to comment on the app specifically, without knowing precisely how it uses public data.

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Abdullah Zahid’s app “Ticketless” would send notifications to people if their parked cars risk receiving a citation.

Abdullah Zahid’s app “Ticketless” would send notifications to people if their parked cars risk receiving a citation.

Courtesy Abdullah Zahid

Zahid’s model largely relies on the city portal DataSF, combined with smart algorithms to decipher when and where people have parked, once they share their location. The app then cross-checks the parking spot with local regulations, determines when the driver has to move, and provides push alerts two hours in advance.

“There are no user accounts, no premium features, no in-app purchases,” Zahid said. “I’m not trying to monetize this. I think it should be free for everyone.”

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At present, he has the app configured to find hourly restrictions, tow-away zones and commercial loading. He’d still like to make it more granular, possibly reminding people to turn their wheels on a sloped street, or recognizing the exact point where a red zone ends. 

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Maybe he’ll add those features in the next version.



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