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Five Star Bancorp - FSBC STOCK NEWS

Welcome to our dedicated page for Five Star Bancorp news (Ticker: FSBC), a resource for investors and traders seeking the latest updates and insights on Five Star Bancorp stock.

Five Star Bancorp (FSBC) is a leading bank holding company headquartered in Rancho Cordova, California. Operating through its wholly-owned subsidiary, Five Star Bank, the company provides a broad range of banking products and services tailored to small and medium-sized businesses, professionals, and individuals. Established in 1999 by local entrepreneurs, Five Star Bank has grown to be among the top-performing banks in its size category in the United States.

With a strong presence in Northern California, Five Star Bank maintains offices in key locations including Rocklin, Sacramento, Elk Grove, Rancho Cordova, Chico, and Redding. The bank's commitment to community development is evident through its focus on reinvesting capital within the Capital Region, fostering economic growth and stability.

Five Star Bank offers a variety of loan products such as commercial real estate loans, commercial loans, commercial land and construction loans, and farmland loans. In addition to its loan products, the bank provides deposit products including checking accounts, savings accounts, money market accounts, and term certificate accounts. The bank’s expedient decision-making is powered by professionals with regional expertise, providing clients with prompt and efficient service.

In recent news, Five Star Bancorp announced its financial results for the quarter and year ending December 31, 2023, with a live webcast scheduled for January 30, 2024, to discuss these results. The company continues to make significant strides in the San Francisco Bay Area, filling a gap in personalized concierge banking left by the failures of Silicon Valley Bank and First Republic Bank. Under the leadership of the Bay Area Region President DJ Kurtze, a team of experienced commercial banking professionals is driving client acquisition and retention.

Five Star Bank has received numerous accolades for its performance and community impact. It was named the best-performing U.S. community bank with assets between $3 billion and $10 billion in the 2022 S&P Global Market Intelligence annual ranking. Additionally, it was awarded the 2022 Raymond James Community Bankers Cup, recognizing the top 10% of community banks in the nation based on various profitability, operational efficiency, and balance sheet metrics.

For more information about Five Star Bancorp, visit their official website at www.fivestarbank.com. As a member of the FDIC and an equal housing lender, Five Star Bank remains dedicated to meeting the financial needs of its community while maintaining a strong commitment to regulatory compliance and financial integrity.

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Five Star Bancorp (Nasdaq: FSBC) has appointed Warren Kashiwagi to its Board of Directors as of October 5, 2021. With over 40 years of public accounting experience and a background in tax planning, strategic consulting, and business succession, Kashiwagi aims to enhance corporate strategy and shareholder value. Previously a Tax Partner at Crowe Horwath and Perry-Smith, he brings a wealth of experience from various industries, including healthcare and technology. His addition is expected to strengthen Five Star's leadership and operational insights.

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On October 6, 2021, Five Star Bancorp (FSBC) declared a cash dividend of $0.15 per share on its voting common stock. This dividend will be paid on October 19, 2021, to shareholders of record as of October 12, 2021. Headquartered in Rancho Cordova, California, Five Star operates through its wholly owned banking subsidiary, Five Star Bank, with a network of seven branches and two loan production offices throughout Northern California.

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Five Star Bancorp (FSBC) reported a net income of $9.8 million for Q2 2021, a decline from $10.3 million in Q1 2021 and $10.1 million in Q2 2020. Diluted earnings per share fell to $0.67 from $0.93 in Q1 2021. The Company ended its Subchapter S status and is now taxed as a C Corporation, resulting in a higher effective tax rate of 20.77%. Total loans increased by 7.57% to $1.46 billion, while total deposits rose by 15.82% to $2.07 billion.

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Five Star Bancorp (Nasdaq: FSBC) will report its financial results for the quarter ended June 30, 2021, on Monday, July 26, 2021, after market close. A live webcast for analysts and investors is scheduled for July 27, 2021, at 1:00 PM ET (10:00 AM PT) to discuss the results. The webcast will be available on the company’s website and will be archived for 90 days. Five Star operates as a bank holding company with seven branches and two loan production offices in Northern California.

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Five Star Bancorp (Nasdaq: FSBC) announced a cash dividend of $0.15 per share on its voting common stock, to be paid on July 20, 2021, to shareholders of record as of July 13, 2021. This move reflects the company's commitment to returning value to its shareholders. Five Star operates through its wholly owned banking subsidiary, Five Star Bank, with seven branches and two loan production offices in Northern California.

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Five Star Bancorp (Nasdaq: FSBC) appointed Leigh White to its Board of Directors effective June 17, 2021. With over 30 years of experience in television broadcast management, Ms. White has a proven track record in revenue development, content production, and operational efficiency. She recently served as Vice President and General Manager of KTXL-TV in Sacramento and brings expertise in finance and marketing. Her diverse background is expected to contribute positively to Five Star's strategic goals and community engagement.

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Five Star Bancorp (Nasdaq: FSBC) announces James Beckwith's election as chairman of the Western Bankers Association, effective June 1, 2021. Beckwith, who has been with Five Star Bank since 2003, aims to leverage his experience to advocate for the banking industry and provide innovative solutions. His leadership follows the tenure of Dave Joves, Senior VP at Bank of Guam. Beckwith's community engagement and recognition as Businessman of the Year in 2020 highlight his commitment to the banking sector and the communities served.

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Five Star Bancorp (Nasdaq: FSBC) has appointed Randall Reynoso to its Board of Directors, effective May 20, 2021. Reynoso brings 40 years of banking experience, including senior roles at Westamerica Bank and Wells Fargo Bank. His expertise in financial services and strong community relationships are expected to enhance the board's effectiveness. Additionally, a cash distribution of $27 million will be paid to previous S Corporation shareholders on May 21, fulfilling obligations established under a Tax Sharing Agreement.

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Five Star Bancorp (Nasdaq: FSBC) successfully closed its initial public offering, selling 6,054,750 shares at $20.00 each, raising approximately $109.5 million in net proceeds. This includes 789,750 shares sold due to the full exercise of the underwriters' option. The offering was facilitated by Keefe, Bruyette & Woods, Inc. as the bookrunner, with Stephens Inc. and D.A. Davidson & Co. as co-managers. The SEC declared the registration statement effective on May 4, 2021. Five Star is a bank holding company based in Rancho Cordova, California, operating through its wholly-owned subsidiary, Five Star Bank.

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On May 4, 2021, Five Star Bancorp announced the pricing of its initial public offering (IPO) of 5,265,000 shares at $20.00 per share, aiming for net proceeds of approximately $94.8 million. Trading on Nasdaq under the symbol FSBC is set to begin on May 5, 2021, with the offering closing on or about May 7, 2021. The underwriters possess a 30-day option for an additional 789,750 shares, potentially raising another $14.7 million. Five Star plans to distribute $27 million to existing shareholders and use the remaining funds to bolster its capital for growth.

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FAQ

What is the current stock price of Five Star Bancorp (FSBC)?

The current stock price of Five Star Bancorp (FSBC) is $30.6 as of January 30, 2025.

What is the market cap of Five Star Bancorp (FSBC)?

The market cap of Five Star Bancorp (FSBC) is approximately 652.8M.

What services does Five Star Bancorp provide?

Five Star Bancorp offers a wide range of banking products including commercial real estate loans, commercial loans, land and construction loans, farmland loans, checking accounts, savings accounts, money market accounts, and term certificate accounts.

Where is Five Star Bancorp headquartered?

Five Star Bancorp is headquartered in Rancho Cordova, California.

What recent achievements has Five Star Bancorp made?

Five Star Bancorp was named the best-performing U.S. community bank with assets between $3 billion and $10 billion in the 2022 S&P Global Market Intelligence annual ranking and received the 2022 Raymond James Community Bankers Cup.

How does Five Star Bancorp support the community?

Five Star Bancorp focuses on reinvesting capital within the Capital Region to foster economic growth and stability. The bank is a steward of community and economic development.

Who are the key executives at Five Star Bancorp?

Key executives include James Beckwith, the CEO of Five Star Bank, and DJ Kurtze, the Bay Area Region President.

How can I access Five Star Bancorp’s latest financial results?

Financial results can be accessed through the 'News & Events' section of Five Star Bancorp’s website under 'Events'.

What is the significance of the San Francisco Bay Area expansion?

The expansion addresses a gap in high-tech, personalized concierge banking left by the failures of Silicon Valley Bank and First Republic Bank, focusing on client acquisition and community advocacy.

How long has Five Star Bancorp been in operation?

Five Star Bancorp was founded in 1999.

Is Five Star Bancorp a member of any regulatory organizations?

Yes, Five Star Bancorp is a member of the FDIC and is an equal housing lender.

Where can I find more information about Five Star Bancorp?

More information can be found on their official website at www.fivestarbank.com.
Five Star Bancorp

Nasdaq:FSBC

FSBC Rankings

FSBC Stock Data

652.79M
15.57M
26.6%
56.11%
0.83%
Banks - Regional
State Commercial Banks
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United States of America
RANCHO CORDOVA