San Francisco, CA
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 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:
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The 2024 Greater Sacramento Economic Council’s Sustainability Award recognizing Five Star Bank’s support of industry growth in the Greater Sacramento region
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2023 Raymond James Community Bankers Cup
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2023 Piper Sandler’s Sm-All Stars
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2023 Independent Banker Top Commercial Banks with More than $1 billion in assets (ranking number 6 in the nation)
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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)
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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
Borg has made several questionable calls from
One pedestrian died at the hospital and three others suffered non-life-threatening injuries after a driver struck them in SF’s Mission District earlier this week.
The San Francisco Police Department arrested a driver suspected of fatally striking four pedestrians in the area of 16th and Mission streets Monday morning, as KRON4 reports.
Officers responded to the scene at 12:13 am and found medics treating one pedestrian with life-threatening injuries. The person later died at a nearby hospital, and three other pedestrians sustained non-life-threatening injuries.
The driver was reportedly detained soon after the collision. The department has not announced what charges they will receive.
“We hold the victim and their loved ones in our thoughts, and grieve this loss of life on San Francisco’s streets,” said Jodie Medeiros, executive director for Walk SF, in a release. “We all deserve to be able to get around safely in our city.”
This marks the ninth pedestrian death in San Francisco this year. It’s also the second such death in the Mission, following the tragic death of local musician Danielle Spillman at Mission Street and South Van Ness Avenue in April, as SFist reported previously.
Four pedestrians were killed throughout the month of March, including deaths in Chinatown, the Financial District, North Beach, and the Outer Mission. In late February, a two-year-old was run over in Mission Bay.
Anyone with information may contact the SFPD at 415-575-4444 or text “TIP411,” beginning with “SFPD.”
Wife of SoMa Hit-and-Run Suspect Says ‘My Husband Is Not a Villain’
Image: Google Maps
San Francisco, CA
California Supreme Court ruling on bail sparks debate over what it means for San Francisco’s safety
A recent California Supreme Court ruling is changing how bail is set across the state, and it’s sparking a sharp debate in San Francisco about what it could mean for public safety.
Inside her office, District Attorney Brooke Jenkins said every decision carries weight. She views her role through one lens: protecting the public.
“My responsibility to San Francisco is public safety,” Jenkins said. “And to be transparent to me in achieving that safety. This is a ruling that has real-life consequences, and deny that would be untruthful and would not help people understand why we may see retraction from our progress.”
The ruling requires judges to set bail at levels defendants can afford, shifting the focus away from cash bail and toward whether someone poses a risk to public safety.
Jenkins said she believes that shift could have serious consequences.
“I knew it would be immediately be devastating to public safety and the state of California and had a lot of concerns that I thought needed to be shared with the public and other city leaders,” she said.
She warns that the change could make it easier for repeat offenders, particularly those involved in drug-related crimes, to be released before trial.
“These judges don’t live in San Francisco, many of them,” Jenkins said. “They don’t live in places like the Tenderloin that are most affected by these issues. They are ruling in a way that has impacts on other people’s lives.”
But not everyone agrees with that assessment.
San Francisco Defense Attorney Marsanne Weese said the ruling does not eliminate accountability and that courts still have tools to detain people who pose a threat.
“In regards to her statements, there is no basis for it,” Weese said. “And the justices pointed out that there are a number of non-financial tools the lower courts can use and should use.”
Those tools include options like pretrial detention and supervised release, which allow judges to consider risk without relying solely on a person’s ability to pay bail.
“So, in regards to this being a drastic change, yes, it will be a drastic change, but not to safety,” Weese added.
For Jenkins, the concern is not just the intent of the law, but how it will be applied in real-world courtrooms and what that means on city streets.
For now, there is unease for some, optimism for others, and a growing debate over what public safety will look like under this new system.
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