Five Star Bank (California)

Five Star Bank is an American Community Business Bank founded in 1999 in Rocklin, California by prominent real estate developers Buzz Oates and Frank Ramos. Five Star Bank was originally created after the two recognized a need for relationship-based commercial real estate banking services in the region around the state capital. Five Star Bank became a public company in May 2021 and is traded on the Nasdaq under FSBC.

Five Star Bank
TypePublicly Traded on Nasdaq: FSBC
IndustryFinancial services, Banking
Founded1999 (1999)
Headquarters
Roseville, California
,
United States
Number of locations
7 + 2 Loan Production Offices
Key people
James Beckwith, President & CEO[1]
ProductsBusiness and Commercial Banking
Total assets$2+ billion (2021)
OwnerFive Star Bancorp
Number of employees
170 (2021)
Websitefivestarbank.com

In 2018, Five Star Bank was named as the 46th highest performing community bank in the United States under $3 billion in assets by S&P Global. The bank was also named as the 21st most active SBA 7(A) lender in the country by total loans and 65th by volume among all banks through the first half of 2019 by the SBA.[2]

Five Star Bank has seven locations in the California capital region located in Roseville, Elk Grove, Rancho Cordova, Sacramento/Natomas, Yuba City, Chico, Redding, and two Loan Production Offices located in Downtown Sacramento and Santa Rosa. In 2018, Five Star Bank moved its headquarters to its current Roseville location.[3]

Five Star Bank is known for its engagement among the communities it serves. The bank specializes in these niche markets:

  • Manufactured Housing & Storage
  • SBA[4]
  • Commercial Real Estate
  • Construction
  • Agriculture & Ag-Tech[5]
  • Faith Community[6]
  • Government
  • Healthcare
  • Manufacturing & Distribution
  • Non-profit
  • Professional Services & Practice
  • Venture Banking & Technology

RISE Program

Five Star Bank is a major participant in the RISE Program (Responsible Investment for a Stronger Economy), founded by Region Business. This program aims to get local governments of cities, counties, and districts to deposit with local community banks, with the assurance that the banks will invest a portion of the money back into businesses in the region.[7]

Those invested in Five Star Bank through the RISE Program include: The Cities of Rocklin, Sacramento,[8] Roseville,[9] Rancho Cordova,[10] Elk Grove,[11] and SMUD.[12]

Five Star Bank Tank

On March 29, 2018, Five Star Bank held its inaugural Five Star Bank Tank.[13] This event helps to connect start-ups with investors in the Sacramento region.[14] 23 start-up companies were present, with Grin and AltWork being selected as the event's top-presenting companies.[15]

On October 31, 2018, and again on October 19, 2021, the company hosted ive Star Bank Tank with plans to host more events in the future.[16]

References
  1. "James Beckwith".
  2. "100 most active SBA 7(a) lenders". Archived from the original on 2019-08-01. Retrieved 2019-08-01.
  3. "Five Star Bank moving headquarters to Roseville".
  4. "SmartBiz Loans® Adds Five Star Bank to Technology Ecosystem" (Press release). 25 April 2017.
  5. "Table of Experts: The Business of Agriculture".
  6. "It Takes a Community".
  7. "Rancho Cordova Adopts Region Finance's RISE Policy".
  8. "City to deposit $75 million with Sacramento banks Friday. Here's how it could help local businesses". 15 November 2018.
  9. "News from the CEO: Apply Now for the Roseville Advantage Financing Program | Roseville Area Chamber of Commerce". 5 August 2019.
  10. "RISE Press Release 4-12-18".
  11. "Press Release: Region Finance praises Elk Grove - City of Elk Grove". www.elkgrovecity.org. Archived from the original on 2019-07-12.
  12. "SMUD boosting local economic development with RISE investments". Archived from the original on 2019-08-07.
  13. "Grin and AltWork Top Companies at Five Star Bank Tank | StartupSac". 17 April 2018.
  14. "Go Fund Yourself".
  15. "Grin and AltWork Top Companies at Five Star Bank Tank | StartupSac". 17 April 2018.
  16. "Calling Investment-Ready Startups".
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