Five Star Bancorp Expands to San Francisco

By Tamara Parker • Tuesday, September 03 15:25 • Permanent Link

Five Star Bancorp (NASDAQ: FSBC) has recently opened its first full-service office in San Francisco, located at 345 California Street, Suite 2875 in the city's financial district. This approximately 4,000-square-foot office will house a seasoned team of banking professionals, with a focus on providing a full suite of treasury products and services to meet client banking needs and protect them from fraud.

The bank has made significant strides in expanding its team, hiring 22 Bay Area banking professionals since 2023. This move underscores the company's commitment to bringing personalized, concierge banking services to the San Francisco Bay Area.

Five Star Bancorp's President and CEO, James Beckwith, expressed his enthusiasm for the office opening, emphasizing the company's dedication to client-focused, concierge banking services in the region. He highlighted the significance of in-person discussions to help clients achieve their business goals.

Additionally, the San Francisco Bay Area President, DJ Kurtze, emphasized the bank's commitment to providing direct access to banking experts in various industries, marking the return of high-tech, high-touch concierge banking in the region.

The new office, situated on the 28th floor, boasts a spacious, open floor plan with abundant natural light and scenic views of San Francisco and the Bay. The office design and renderings were provided by In:site Design Build Associates, Inc., with general contracting services by GCI Contractors and office furniture from CRI, San Francisco.

Five Star Bancorp has garnered several accolades, including the 2024 Greater Sacramento Economic Council's Sustainability Award, the 2023 Raymond James Community Bankers Cup, and the 2023 Piper Sandler's SM-All Stars, among others.

As a bank holding company headquartered in Rancho Cordova, California, Five Star Bancorp operates through its wholly owned banking subsidiary, Five Star Bank, which currently has eight branches in Northern California. Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $28.92. For more information, read the company's full 8-K submission here.

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