Star Bank

Five Star Bancorp invests in San Francisco Bay Area expansion strategy by hiring five commercial banking professionals and planning full-service office in San Francisco

Retrieved on: 
Wednesday, February 21, 2024

RANCHO CORDOVA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) announced the hiring of a team of five seasoned commercial banking professionals in San Francisco to advance the Company’s expansion strategy in the San Francisco Bay Area.

Key Points: 
  • RANCHO CORDOVA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) announced the hiring of a team of five seasoned commercial banking professionals in San Francisco to advance the Company’s expansion strategy in the San Francisco Bay Area.
  • The Company also announced it expects to open a full-service office at 345 California Street, San Francisco, in the third quarter of 2024.
  • The Company is adding five members to an existing team of proven Bay Area commercial banking professionals led by Five Star Bank’s San Francisco Bay Area Region President DJ Kurtze.
  • “We continue to build momentum in the San Francisco Bay Area as we welcome a team of five well-respected and highly experienced professionals who we believe will enhance our expansion efforts in the Bay Area.

URMC Announces First-of-its-Kind Alliance to Expand Health Care Access to Rural Communities

Retrieved on: 
Tuesday, February 6, 2024

“This pilot is the next evolution, bringing telemedicine to those who may lack access to technology at home.

Key Points: 
  • “This pilot is the next evolution, bringing telemedicine to those who may lack access to technology at home.
  • “As a community bank serving much of Western and Central New York, we understand the unique challenges our rural communities face.
  • “A digital visit is a building block for patients to regain control of their wellness, and an opportunity for health systems to expand their footprint to deliver more care and services.”
    Americans living in rural regions experience significant health disparities, due in part to limited access to health care.
  • This pilot initiative will serve three rural communities – all with limited health care providers and where many residents lack broadband home internet.

SelectFI Hires Two Senior Sales Consultants, Lender Relations Manager, and Sales Development Manager to Accelerate Growth

Retrieved on: 
Tuesday, November 7, 2023

BUFFALO, N.Y., Nov. 7, 2023 /PRNewswire-PRWeb/ -- SelectFI, a Buffalo based startup developer of software for auto dealerships, announced the recent hire of several key employees in Sales, Sales Development, and Lender Selector to accelerate the growth of the company. Brandi Bagley and Angela Kane have joined the company as Senior Sales Consultants, Steve Miles became the company's Lender Relations Manager, and Jamie Raymond has become the company's Sales Development Manager. On the heels of closing SelectFI's pre-seed fundraising, these hires position the company to grow and meet its revenue goals.

Key Points: 
  • SelectFI hires four sales team members to propel growth after pre-seed fundraising, including Jamie Raymond, formerly of ACV Auctions.
  • BUFFALO, N.Y., Nov. 7, 2023 /PRNewswire-PRWeb/ -- SelectFI , a Buffalo based startup developer of software for auto dealerships, announced the recent hire of several key employees in Sales, Sales Development, and Lender Selector to accelerate the growth of the company.
  • Brandi Bagley and Angela Kane have joined the company as Senior Sales Consultants, Steve Miles became the company's Lender Relations Manager, and Jamie Raymond has become the company's Sales Development Manager.
  • On the heels of closing SelectFI's pre-seed fundraising, these hires position the company to grow and meet its revenue goals.

Blake Jones Named Chief Marketing Officer of Five Star Bank

Retrieved on: 
Monday, September 18, 2023

ROCHESTER, N.Y., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank (“Five Star” or the “Bank”), SDN Insurance Agency, LLC, and Courier Capital, LLC announced that Blake Jones has joined as Senior Vice President, Chief Marketing Officer of the Bank.

Key Points: 
  • ROCHESTER, N.Y., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank (“Five Star” or the “Bank”), SDN Insurance Agency, LLC, and Courier Capital, LLC announced that Blake Jones has joined as Senior Vice President, Chief Marketing Officer of the Bank.
  • In this role, Ms. Jones will support development of the strategic framework and long-term vision for the Bank.
  • She will lead both marketing and analytics on an enterprise-wide basis, focusing on strategy, brand and performance marketing, and audience insights.
  • Ms. Jones will report to Justin K. Bigham, Executive Vice President, Chief Community Banking Officer.

Five Star Bancorp Announces Addition of San Francisco Bay Area Commercial Banking Team

Retrieved on: 
Tuesday, September 5, 2023

The Company is adding to an existing team of proven Bay Area professionals led by DJ Kurtze, Five Star Bank’s San Francisco Bay Area Region President, to execute on the acquisition and retention of new clients.

Key Points: 
  • The Company is adding to an existing team of proven Bay Area professionals led by DJ Kurtze, Five Star Bank’s San Francisco Bay Area Region President, to execute on the acquisition and retention of new clients.
  • Five Star expects to open a full service office in, or around, the San Francisco Financial District in the coming months.
  • “We are building momentum in the San Francisco Bay Area as we welcome a team of four well-respected and highly experienced professionals who will enhance our expansion efforts in the Bay Area,” said Chief Executive Officer, James Beckwith.
  • We have the high-tech banking solutions demanded by Bay Area customers, along with a high-touch and relationship-focused business model our customers value and trust.

Five Star Bank Partners with Autobooks to Launch Tap to Pay on iPhone for Small Business Customers

Retrieved on: 
Monday, August 21, 2023

Offering Tap to Pay on iPhone empowers Five Star customers to accept payments on the go, right from our mobile banking app,” said Jeanne Stegmeier, Vice President and Small Business Leader with Five Star Bank.

Key Points: 
  • Offering Tap to Pay on iPhone empowers Five Star customers to accept payments on the go, right from our mobile banking app,” said Jeanne Stegmeier, Vice President and Small Business Leader with Five Star Bank.
  • “Small businesses are crucial to the economic vitality of our local communities, and we are proud to work with exceptional partners like Autobooks to help them manage the day-to-day needs of their businesses.”
    Five Star small business customers can use Tap to Pay on iPhone to accept all forms of contactless payments, using only an iPhone and the Five Star Bank Digital Banking mobile app.
  • Customers also have the option to purchase additional features through Autobooks, including accounting tools, automated reporting and business bill pay.
  • Earlier this month, the Bank announced that New York State small business customers with a Five Star Bank business checking account may apply for term loans and lines of credit, for total lending exposure of up to $250,000, online at www.five-starbank.com .

Five Star Bank Expands Small Business Lending Solutions Through Partnership with Numerated

Retrieved on: 
Wednesday, August 9, 2023

WARSAW, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Five Star Bank (“Five Star” or the “Bank”), the wholly-owned community bank subsidiary of Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), announced an expansion to its suite of small business products and services.

Key Points: 
  • WARSAW, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Five Star Bank (“Five Star” or the “Bank”), the wholly-owned community bank subsidiary of Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), announced an expansion to its suite of small business products and services.
  • Through its partnership with Numerated, Five Star is now offering digital loan origination for small businesses.
  • New or existing New York State small business customers with a Five Star Bank business checking account may apply for term loans and lines of credit, for total lending exposure of up to $250,000, online at www.five-starbank.com .
  • By leveraging the business banking fintech’s online loan origination capabilities, Five Star is expanding its suite of solutions dedicated to supporting small businesses.

Autobooks Enables Tap to Pay on iPhone for Financial Institutions to Offer Contactless Payment Acceptance within Their Mobile Banking Apps

Retrieved on: 
Tuesday, June 20, 2023

DETROIT, June 20, 2023 /PRNewswire-PRWeb/ -- Autobooks, the small business payment and accounting platform embedded into more than 1,500 financial institutions, has enabled its U.S. customers to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Today, business customers at Five Star Bank and nbkc bank can begin accepting in-person contactless payments using Tap to Pay on iPhone directly within their mobile banking app — provided by Q2.

Key Points: 
  • Tap to Pay on iPhone accepts all forms of contactless payments, including Apple Pay, contactless credit and debit cards and other digital wallets, using only an iPhone and a supporting iOS mobile banking app — no additional hardware or payment terminal needed.
  • "Offering Tap to Pay on iPhone empowers Five Star Bank customers to accept payments on the go, directly from our mobile banking app on their iPhone."
  • Tap to Pay on iPhone, delivered through Autobooks, enables financial institutions to offer a contactless payment acceptance solution that is easy to set up and use.
  • Apple's Tap to Pay on iPhone contactless payment acceptance technology uses the built-in features of iPhone to keep the businesses' and customers' data private and secure.

Five Star Bancorp Expands into San Francisco Bay Area with Addition of Commercial Banking Team

Retrieved on: 
Monday, June 5, 2023

The Company is leveraging an existing team of proven Bay Area professionals led by DJ Kurtze, Five Star Bank’s San Francisco Bay Area Region President, to execute on the acquisition and retention of new clients.

Key Points: 
  • The Company is leveraging an existing team of proven Bay Area professionals led by DJ Kurtze, Five Star Bank’s San Francisco Bay Area Region President, to execute on the acquisition and retention of new clients.
  • Five Star expects to open a Loan Production Office in, or around, the San Francisco Financial District in the coming months.
  • “We are pleased to announce the beginning of our regional expansion into the San Francisco Bay Area where we already have deep roots, existing relationships and extensive connectivity,” said Chief Executive Officer, James Beckwith.
  • We believe in San Francisco and have confidence in the region’s robust talent pipeline and the strength of its diverse and competitive business environment.

Safe Harbor Financial Announces First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 15, 2023

GOLDEN, Colo., May 15, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced its financial results for the quarter ended March 31, 2023 (“Q1 2023”). All financial information is provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”).

Key Points: 
  • - Processed a record $1.1 billion in deposits; monthly average balances on deposit increased 55% versus the same prior year period -
    - Significantly strengthened balance sheet, reduced total debt obligations by more than 60% -
    GOLDEN, Colo., May 15, 2023 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced its financial results for the quarter ended March 31, 2023 (“Q1 2023”).
  • All financial information is provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”).
  • On May 11, 2023, Safe Harbor announced its partnership with Five Star Bank, a New York-based subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), to expand crucial access to cannabis banking nationwide.
  • Safe Harbor Financial discloses EBITDA, a non-GAAP financial measure calculated as net income before taxes and depreciation and amortization expense.