Connect with us

San Francisco, CA

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

Published

on

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.

Advertisement

“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.

Advertisement

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



Source link

Advertisement

San Francisco, CA

Claims in lawsuit against Great Highway park dismissed by San Francisco judge

Published

on

Claims in lawsuit against Great Highway park dismissed by San Francisco judge


A San Francisco Superior Court judge dismissed claims in a lawsuit against Proposition K, the ballot measure that permanently cleared traffic from the Great Highway to make way for a two-mile park. 

One advocacy group, Friends of Sunset Dunes, said the legal action affirmed Proposition K’s legal standing and called the lawsuit against the park “wasteful.” 

Advertisement

Proposition K passed with more than 54% of the vote in November 2024, but the debate didn’t end there. The Sunset District supervisor was recalled in the aftermath of that vote by residents in the district who argued their streets would be flooded by traffic and that the decision by voters citywide to close a major thoroughfare in their area was out of touch with the local community. 

What they’re saying:

Friends of Sunset Dunes hailed the judge’s decision in the lawsuit, Boschetto vs the City and County of San Francisco, as a victory. 

Advertisement

“After two ballot measures, two lawsuits, three failed appeals, and dozens of hours of public meetings and untold administrative time and cost, this ruling affirms Proposition K’s legal foundation, and affirms the city’s authority to move forward in creating a permanent coastal park to serve future generations of San Franciscans,” the group said in a statement. 

The group added that their volunteers are working to bring the coastal park to life. Meanwhile, “anti-park zealots continue to waste more public resources in their attempt to overturn the will of the people and close Sunset Dunes.” 

Advertisement

“Now that they’ve lost two lawsuits and two elections, we invite them to accept the will of San Franciscans and work with us to make the most of our collective coastal park,” said Lucas Lux, president of Friends of Sunset Dunes. 

The supervisor for the Sunset District, Alan Wong, doubled down on what he had stated earlier. In a statement on Monday, Wong said he is “prepared to support a ballot initiative to reopen the Great Highway and restore the original compromise.” The compromise he’s referring to is vehicles allowed to drive along the highway on weekdays and a closure to traffic on the weekends. 

Wong, in his statement, added that he’s talked to constituents in his district across the political spectrum and that his values align with the majority of district 4 residents and organizations. 

Advertisement

When he was sworn in last month, Wong indicated he was open to revisiting the issue of reopening the Great Highway to traffic. He also said he voted against Proposition K, which cleared the way and made Sunset Dunes official. 

Engardio’s two-cents

Last September, Joel Engardio was recalled as the Sunset District supervisor in a special election. The primary reason for his ouster was his support of Sunset Dunes, the park which also saw the support of other prominent politicians, including former Mayor London Breed, former House Speaker Nancy Pelosi and State Senator Scott Wiener. 

Advertisement

Engardio on Monday issued his own statement after the judge dismissed all claims in the lawsuit against Prop. K. 

“It’s time to consider Sunset Dunes settled. Too many people have seen how the park is good for the environment, local businesses, and the physical and mental health of every visitor,” Engardio said. “Future generations will see this as a silly controversy because the park’s benefits far outweigh the fears of traffic jams that never happened. The coast belongs to everyone and it won’t be long before a majority everywhere will embrace the wonderful and magical Sunset Dunes.” 

Advertisement

San FranciscoPoliticsNews



Source link

Continue Reading

San Francisco, CA

Commentary: Let’s Do Better in 2026 – Streetsblog San Francisco

Published

on

Commentary: Let’s Do Better in 2026 – Streetsblog San Francisco


Editor’s note: special thanks to all our Streetsblog supporters! We fulfilled our 2025 fundraising goals. If you’d like to help us do even more, it’s not too late to donate.

I was on my way to dinner with friends on Christmas Eve when my westbound K Ingleside train was turned back at West Portal without explanation. I waited for the next train. It was turned back too. I asked one of the Muni drivers what was going on, and he said no M Ocean View or K Ingleside trains were running past the station.

I guessed it had something to do with the weather—the rain was coming down in sheets. I realized getting an Uber or Lyft at the station, with everybody else doing the same thing, probably wasn’t going to work. I had a good umbrella and rain coat so I started to walk down West Portal Avenue, ducking under awnings as I looked for a good spot to call a Lyft.

I didn’t get far before I saw why the trains were stopped, as seen in the lead photo.

Advertisement

I don’t know exactly how this blundering driver managed to bottom out his car on the barrier between the tracks. But, for me, it symbolized everything that’s wrong with San Francisco’s auto-uber-alles policies that continue to put the needs of individual drivers above buses and trains full of people. Mayor Lurie reiterated San Francisco’s supposed transit-first policy in his end-of-year directive. But if it’s a transit-first city, why are motorists still prioritized and permitted to drive on busy train tracks in the first place?

Photo of West Portal Ave.’s original configuration, before it was “upgraded” with angled parking and to allow drivers to use the tracks. Photo: Open SF History

Why isn’t the barrier in West Portal positioned to keep drivers from using the tracks, as it was historically? Why do we even have pavement on the tracks? And why haven’t we banned drivers from using West Portal Avenue and Ulloa Street as thoroughfares in the first place, where they regularly interfere with and delay trains?

I should have stopped walking and summoned a Lyft. But being forced by the shitty politics of San Francisco, combined with a shitty driver, to call yet another car, pissed me off. I thought about all the people who got off those trains who can’t afford to call a ride-hail. I thought about the hundreds of people trapped inside trains that were stuck between stations. I continued walking and thinking about all the times I’ve visited Europe and been through similarly busy, vibrant merchant corridors such as West Portal with one major difference: no cars.

Amsterdam. Not saying to turn West Portal into a pedestrian mall necessarily, but it shows what’s possible. Photo: Streetsblog/Rudick

Yes, even on “car-free” streets in Europe, typically cars and delivery vehicles can still cross and access the shops directly for deliveries. But some streets are just not meant to be a motoring free-for-all. Anybody who doubts that merchants flourish in car-free and car-lite environments should either get a passport, or they should take a look at the merchant receipts after a Sunday Streets event. On the other hand, Papenhausen Hardware, which helped block a safety plan that prioritized transit movements through West Portal, went out of business anyway in 2024.

As I walked in the driving rain, my thoughts drifted to 2024’s tragedy, in which a reckless driver wiped out a family of four when she crashed onto a sidewalk in West Portal. San Francisco had an opportunity to finally implement a transit-first project and prevent a future tragedy by banning most drivers from the tracks and preventing them from using West Portal as a cut through. And yet, a supposedly safe-streets ally, Supervisor Myrna Melgar, aligned with a subset of the merchants in West Portal and sabotaged the project.

Since then, I’m aware of at least one other incident in West Portal where an errant driver went up on the sidewalk and hit a building. Thankfully, there wasn’t a family in the way that time. Either way, West Portal Avenue, and a whole lot of other streets that have hosted horrible tragedies, are still as dangerous as ever thanks to the lack of political commitment and an unwillingness to change.

Advertisement
Another look at the car that blocked Muni on Christmas Eve. Photo: Streetsblog/Rudick

I finally got to my friends’ house, 35 minutes later. They loaned me some dry clothes and put my jeans in the dryer. We had a lovely meal and a great time. My friend drove me to BART for an uneventful trip home (not that BART is always impervious to driver insanity).

In 2026, advocates, allies, and friends, we all need to raise the bar and find a way to make sure politicians follow through on transit first, Vision Zero, and making San Francisco safe. Because the half-assed improvements made in West Portal and elsewhere aren’t enough. And the status quo isn’t working.

On a closely related note, be sure to sign this petition, demanding that SFMTA finish the transit-only lanes on Ocean Avenue.



Source link

Continue Reading

San Francisco, CA

Eagles react to facing the San Francisco 49ers in playoffs: ‘It’s going to be good on good’

Published

on

Eagles react to facing the San Francisco 49ers in playoffs: ‘It’s going to be good on good’


What’s the first thing that comes to mind when you think of the San Francisco 49ers, the Eagles’ first-round opponent in the playoffs?

“Got to stop their run, Christian McCaffrey,” Brandon Graham said.

It is where the game plan and film review starts for good reason. McCaffrey was second in the NFL during the regular season in yards from scrimmage with 2,126 (1,202 rushing yards, 924 receiving yards). The sixth-seeded 49ers next Sunday will bring to Lincoln Financial Field (4:30 p.m., Fox29) a high-powered offense with McCaffrey as the focal point, and a defense that is nothing like the one that helped San Francisco reach four NFC title games — and two Super Bowls — during a five-season stretch from 2019 to 2023.

Reactions from the Eagles inside their locker room after they fell, 24-17, to the Washington Commanders in their regular-season finale were pretty similar.

Advertisement

Graham didn’t know who the Eagles were playing until reporters told him. He had other things to worry about during the course of Sunday’s game since he dressed and played. But Reed Blankenship and Zack Baun, two defensive starters who had the night off, each expressed a similar mindset: “It doesn’t matter who we play,” Blankenship said. “We’re all excited. A lot of us had a week off and we’re ready to play. I feel like that was the best decision that coach made and I feel fresh. We don’t know when we’re going to play them, but whatever day it is, they got to come over here and come back to Philly.”

Said Baun: “It’s a big game. It’s the postseason. It’s the playoffs, and this team definitely turns it on in the playoffs.”

The Eagles and 49ers have some recent history. A mini rivalry of sorts formed after the Eagles blew out the banged-up 49ers in the NFC title game, 31-7, during their run to the Super Bowl at the end of the 2022 season. The 49ers exacted revenge just over 10 months later in a 42-19 victory that kick-started the Eagles’ miserable collapse to finish the 2023 season.

» READ MORE: Eagles’ first playoff loss was to karma. Next up: the 49ers.

During that latter game, McCaffrey rushed 17 times for 93 yards and a touchdown and added three catches for 40 yards.

Advertisement

“Christian McCaffrey is a dog,” Blankenship said. “We played them in ‘23 and then obviously in ‘22, so I played them twice. They have a really good offensive core and obviously it’s going to be a challenge. It’s the playoffs. Everybody is good. It’s going to be good on good. It’s win or go home, but we’re ready. We’re prepared for that. We’ve been through that.”

DeVonta Smith said the playoff opener is “just another game, but it’s the playoffs. We don’t want to go home, so everybody’s going to have a little more oomph.”

The 49ers have been bringing the oomph. They were 6-4 through 10 weeks and then won six consecutive games before falling, 13-3, Saturday night at home to Seattle against one of the best defenses in the NFL. They are 7-2 in games quarterback Brock Purdy has started.

The Eagles will likely be leaning on Saturday’s low-output offensive effort from the 49ers as they prepare for their first postseason matchup. Like top-seeded Seattle, the Eagles have one of the best defenses in the league, and while the Eagles’ offense has been inconsistent, San Francisco’s strength isn’t its defense. The 49ers gave up 38 points to Chicago last week and needed a red-zone stand to keep their hopes alive for the No. 1 seed. The Eagles, who opened as 3½-point favorites, probably feel their ability to take care of the ball and play good defense is the recipe for a win.

“We just got to be us and bring the energy,” Graham said. “Play fast on defense and put the offense in a great position. It’s going to be [about] field position in that game.

Advertisement

“I know the 49ers are going to definitely come here and try to get one on our field and we got to defend it.”

Blankenship and Baun both said they felt rested and ready for the postseason run. It was the obvious topic of conversation after the Eagles lost and missed out on a chance to secure the No. 2 seed in the conference. The Eagles chose rest over the possibility of moving up a spot, and Blankenship said he wasn’t going to look back with any regrets.

Nick Sirianni talked earlier in the week about his decision, and one of the things he pointed to was the Eagles resting their starters in Week 18 last season and entering the postseason healthy and rested.

Last season’s playoff run ended with a Lombardi Trophy and a parade on Broad Street. Why, despite the ups and downs, might this team have another run in them?

“I think we’re really ramping it up,” Baun said. “I feel like we’re in a good position as a team, as a collective. Especially as a defense, we’re playing really good football right now.”

Advertisement

It all starts next weekend.

“It’s a big game,” Baun said. “It’s the postseason. It’s the playoffs, and this team definitely turns it on in the playoffs.”



Source link

Continue Reading

Trending