2021 Annual Report
www.fivestarbank.com | Nasdaq: FSBC
CHICO DOWNTOWN SACRAMENTO (LPO)
REDDING
ROSEVILLE
RANCHO CORDOVA
ELK GROVE NATOMAS
SANTA ROSA (LPO)
YUBA CITY
*LPO: Loan Production Ofce
Every achievement, every action and every good
deed in this report are a tribute to our founders,
shareholders, employees and clients.
Dear Clients and Shareholders:
We are very pleased to share Five Star Bancorp’s 2021
Annual Report – our frst report as a public company!
While we all experienced challenges, 2021 was also a remarkable year of growth, renewed purpose
and commitment to our shareholders, employees, clients and the communities we serve. Every day, we
worked as a team toward common goals while individual talents contributed to shared wins. Yet, it is how
we succeeded that shaped and defned us. Most banks ofer similar, if not the same, products. However,
it has been said it is not what you do, but how you do it. No other bank has our engaged team, our speed
to serve or our certainty of execution. No other bank has our commitment to treating clients with an
empathetic spirit, understanding and care. We are proud to have earned the trust of those we serve.
Dollars in Millions
Financial Highlights 2016-2021
DECEMBER 31,
2016
2017
2018
2019
2020
2021
FRANCHISE
GROWTH
2016-2021
LOANS
+24.7%
CAGR
$ 0.6 B
$ 1.9 B
Total Assets
Total Loans Held for Investment
Total Deposits
Total Tier 1 Capital
Net Income
Return on Average Assets
Return on Average Shareholders’ Equity
$840.4
$641.4
$761.2
$78.7
$15.8
2.0%
24.6%
$972.8
$771.6
$864.5
$81.2
$21.4
2.3%
27.8%
$1,272.1 $1,479.9 $1,953.8 $2,556.8
$960.2
$1,180.3 $1,503.2 $1,934.5
$1,161.4 $1,311.8 $1,784.0 $2,285.9
$233.4
$42.4
1.9%
22.5%
$130.3
$35.9
2.0%
31.2%
$107.4
$29.3
2.2%
31.4%
$81.5
$22.6
2.0%
29.3%
A History of Organic Growth
Five Star Bancorp was founded in 1999 by a group of local entrepreneurs who wanted to create the kind
of personalized banking services they desired themselves – services provided by industry experts who are
committed to partnerships grounded in shared vision and goals. Today, Five Star Bancorp is a community
business bank guided by purpose-driven banking, community stewardship, regional and industry
expertise and a commitment to economic development. In May 2021, the Company completed its initial
public ofering. Prior to this achievement, and for over twenty years, the Company focused on organic
growth by strategically and thoughtfully expanding its reach in Northern California (and beyond) and by
developing its team, business verticals, internal processes, community partnerships and brand.
Today, the Company provides a broad range of banking products and services to small and medium-sized
businesses, professionals and individuals primarily in Northern California through seven branch ofces, two
loan production ofces and the internet with our mobile banking application. Our primary loan products
are commercial real estate loans, commercial loans, commercial land and construction loans and farmland
loans. Our principal geographic market is the Roseville/Sacramento/Rancho Cordova/Elk Grove area
(Greater Sacramento Area). The Greater Sacramento Area has a proftable and productive economy driven
by the governmental, education, technology, healthcare, agricultural and manufacturing sectors. Since
2016, our market share of the total deposits in the Greater Sacramento Area has increased signifcantly,
according to the Federal Deposit Insurance Corporation (FDIC) Deposit Market Share Reports. We believe
our market growth confrms the quality of the purpose-driven and integrity-centered banking we strive
to deliver to clients. Our mission is to become the top business bank in the markets we serve through
exceptional service, deep connectivity and client empathy.
2016–2021
DEPOSITS
+24.6%
CAGR
$ 0.8 B
$ 2.3 B
A Year of Service & Recognition
In 2021, we added to our board of directors, signifcantly expanded our team, adopted new technology,
expanded our verticals, deepened our commitment to Diversity, Equity and Inclusion (DE&I) initiatives and
created robust internal training programs. We also established an investor relations function, introduced
and expanded new product oferings and created a department to manage energy efciency loans – all
while adhering to COVID-19 protocols and maintaining a deep sense of purpose. The strength of our team
also brought Five Star Bancorp a tremendous amount of recognition and awards including placement
on the Sacramento Business Journal’s Best Places to Work and Fastest Growing Companies lists, a Comstock’s Magazine Woman in
Leadership recognition, a Vistage Leadership Award, the Sacramento Asian Pacifc Chamber of Commerce’s Corporate Steward of
the Year Award and the Sacramento Business Journal’s Corporate Champion of the Year. These awards are attributable to our highly
engaged, motivated and committed team of employees.
2016–2021
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FIVE STAR BANCORP - Annual Report 2021
A Culture of Engagement & Belonging | Diversity, Equity & Inclusion
We facilitate talent attraction and retention through an inclusive, safe and healthy workplace where employees have
opportunities to grow and develop their careers. They are also supported by strong compensation, benefts and health
and welfare programs. As of December 31, 2021, we had 163 full-time and fve part-time employees. In addition to
salaries, we ofer annual bonus opportunities, a 401(k) plan with an employer matching contribution, healthcare and
insurance benefts, fexible spending accounts, paid time of, family leave and an employee assistance program. We
invest in the growth and development of our employees by providing a multi-dimensional approach to learning that
empowers, intellectually grows and professionally develops our employees through support to attend conferences and
obtain degrees, licenses and certifcations. This support has resulted in a highly educated and exceptionally engaged
workforce.
Further, DE&I initiatives and programs are foundational to our core business model as we seek to ensure forward-
thinking principles permeate workforce development as well as relationships with community partners and clients.
We understand and appreciate the complexity and importance of the inclusion of a full range of identity groups, from
ethnicity and nationality to age, gender, religious commitment, socioeconomic status, sexual orientation and those
with disabilities. We also recognize DE&I initiatives build trust which afects fnancial ecosystems and drives companies’
bottom lines.
Banking can often leave clients feeling vulnerable and exposed as they reveal details of their fnancial history. There is a
vulnerability that can be difcult to overcome if trust has not been created – and trust is often more easily established
between those with shared experiences. We believe embracing and understanding this reality through a diverse workforce
creates opportunity not only from a business perspective but also opportunity to profoundly help those from diverse
communities. We believe a successful program will ultimately beneft both the Company and those the Company serves.
Environmental, Social & Governance
Five Star Bancorp has taken a proactive approach to Environmental, Social and Governance (ESG) initiatives and believes
our ability to manage ESG demonstrates strength in leadership and governance that are essential to sustainable growth.
We are executing ESG strategies that will drive positive change while focusing on the impacts of our business, social
factors in the communities we serve and the governance of our board of directors. As stewards of our environment, we
also support clients focused on sustainable energy and environmental impact, from afordable energy to climate action.
We believe social impact is inherent in banking and we work with clients and partners committed to the same values.
We also support clients who provide innovative environmental solutions and restore life and vitality to areas devastated
by catastrophic events.
We are proud to be a partner to energy efciency and sustainability-focused organizations including those who provide
energy efciency loan programs. In 2021, the Company was selected to work with a local utility district on a new energy
efciency loan program that allows for the community to “go green” and bring energy efcient devices into their homes.
Beginning in June 2021, we onboarded over 2,000 loans in this micro-loan program which funded residential energy
efciency equipment.
We have reduced our own carbon footprint by utilizing e-signature to conduct business to reduce paper consumption
and reducing in-ofce occupation, where possible.
Exceptional Credit Quality
Exceptional asset quality has consistently been our focus. We have well-established loan policies and underwriting
practices that have resulted in very low levels of charge-ofs and nonperforming assets. Additionally, we have a multi-
faceted loan monitoring framework established to regularly evaluate our asset quality after the origination process. Our
2021 results are a testament to the strength of our loan portfolio. The ratio of nonperforming loans to period end loans
was three basis points as of December 31, 2021, representing no change from the prior year. Our allowance for loan
losses increased slightly from 2020, as general economic conditions improved from the previous year, albeit at a pace
slower than expected due to unforeseen disruptions in the supply chain and increasing energy prices. Looking ahead to
2022, and as economic conditions continue to improve, asset quality remains at the forefront of our objectives.
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FIVE STAR BANCORP - Annual Report 2021
Five Star Bank customer SSEC doesn’t just lead the
environmental services industry - they helped create it
and have been protecting the earth’s natural resources
for more than 50 years. We thank SSEC for rebuilding,
restoring and renewing our region after catastrophic
wildfires and for their commitment to environmental
sustainability and wildlife protection.
Pictured left to right: Jay W. Selby, Founder, SSEC;
Jen Matulich, SVP, Business Development Ofcer, Five Star Bank;
Jay R. Selby, President, SSEC
COMPOUND
ANNUAL
GROWTH RATE
2016-2021
TOTAL INCOME
BEFORE TAXES
+23.6%
CAGR
$ 16.4 M
$ 47.1 M
Strong and Growing Capital
We continue to be well-capitalized and on May 7, 2021, we completed our IPO and
raised approximately $111.2 million in net proceeds after deducting underwriting
discounts, commissions and other certain ofering expenses. Our book value per share as
of December 31, 2021 was $13.65 per share, representing an increase of approximately
$1.49 per share, or 12.3% compared to 2020.
We have paid cash dividends on our common stock in every quarter since January 2002,
with the exception of the third and fourth quarters of 2009 and all quarters of 2010. It is
currently the intention of the board of directors to continue payment of cash dividends
on a quarterly basis. During the year ended December 31, 2021, we paid approximately
$51.9 million in dividends. This included a $27.0 million cash distribution to shareholders
of record as of May 3, 2021, for the payout of the Accumulated Adjustments Account
(AAA), which was described in further detail in our Registration Statement on Form S-1.
2021 Results
Results for 2021 refect the continuation of our organic growth story and 2021 was our
strongest year yet. As of December 31, 2021, our total assets were $2.6 billion, an increase
of $603.0 million, or 30.9%, from the prior year. Net income increased from the prior year
by approximately 18.1% to $42.4 million, which included the impact of increased taxes
from our conversion to a C Corporation during the year in conjunction with our IPO. Our
return on average assets and return on average equity during 2021 were 1.9% and 22.5%,
respectively.
Total loans, net, were $1.9 billion as of December 31, 2021. Loan originations, net
of repayments, totaled $426.9 million for the year, growing the loan portfolio by
approximately 29.0% during 2021.
2016–2021
CAGR computed over 5 years
since December 31, 2016
Total deposits were $2.3 billion as of December 31, 2021. Deposits grew by $501.9
million, or 28.1%, during 2021, and we ended the year with a 39.5% ratio of non-interest-
bearing deposits to total deposits.
Information Technology Investments
In 2021, we continued to make signifcant investments in our information technology
systems and staf for our banking and lending operations and treasury management
activities. We believe this investment will support our continued growth and enable us
to enhance our capabilities to ofer new products, improve the overall client experience,
improve proftability through efciencies and provide scale for future growth. We
utilize nationally recognized software vendors, using their cloud/hosted models, which
allows us to outsource the processing of our data which provides greater scalability and
disruption avoidance.
Community Engagement & Investment
In 2021, Five Star Bancorp was an engaged member of 16 Chambers of Commerce.
Among other initiatives, we were committed to supporting educational programs,
wildfre relief eforts, afordable housing, and clients and community partners who
continued to experience the impacts of COVID-19. We were also committed to a robust
Community Reinvestment Act (CRA) Program. You will read more about these eforts in
this report. We stand on a sturdy foundation of what we have built together so that we
may encourage, support and strengthen those who need us most.
TANGIBLE BOOK
VALUE PER SHARE
+5%
CAGR
$ 10.48
$ 13.65
2016–2021
CAGR computed over 5 years
since December 31, 2016
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FIVE STAR BANCORP - Annual Report 2021
Five Star Bank supports the men and women
fighting wildfires in our communities. Join us and
the Del Oro Division of The Salvation Army to make
a donation today - 100% of donations go toward
disaster readiness and direct support for the
initial and long-term recovery of evacuees
and first responders. Together, we can
make a difference.
THANK YOUFIREFIGHTERSAND FIRSTRESPONDERS
Executive Leadership Depth
Five Star Bancorp’s leadership team includes executives who have diverse backgrounds, education, ages and areas of
expertise. They share a depth of knowledge in the Company’s corporate culture, strategic objectives, core business
model, business verticals and client expectations. They are each committed to an exceptional client experience guided
by a speed to serve and certainty of execution. Our executive leadership is a synergistic and dynamic team with a
high level of mutual respect and trust; this trust permeates the entire organization and has made Five Star Bancorp an
attractive company for employees to experience their own successes.
A Look Ahead
While we remain focused on the future and maintaining a position of distinction and respect in the markets and
communities we serve, we are proud to look back at 2021 as an extraordinary year of achievement. The Company’s stellar
performance included a successful IPO, outstanding year-over-year growth in loans, assets, and deposits, strong earnings
per share, and a regular shareholder dividend. This is the culmination of our entire team’s eforts, even while working
through a pandemic. This is also emblematic of the cohesion that exists among our team which grew in strength and
stamina after being a vital force for clients in 2020. An adaptive team is critical to our success and we will continue to
hire those who can quickly respond to changing market conditions and demands.
In the coming year, we will stay at the forefront of innovation and technology by making investments in people and
processes. We will also remain focused on the successful execution of our ongoing digital transformation and the
continued build-out of our verticals.
We are humbled and proud of our team’s accomplishments and look forward to the continuation of our organic growth
story. Five Star Bancorp has never been better positioned for the future. We look to the coming year with optimism and
in anticipation of the possibilities it holds for all of us. Our clients, shareholders and employees are our driving force, our
reason for existing and our greatest champions. It has been our privilege to serve you.
James Beckwith
President & CEO
Jack Dalton
SVP, Chief Credit Ofcer
Mike Lee
SVP, Chief Regulatory Ofcer
Heather Luck
SVP, Chief Financial Ofcer
Lydia Ramirez
SVP, Chief Operations Ofcer &
Chief DE&I Ofcer
Mike Rizzo
SVP, Chief Banking Ofcer
Brett Wait
SVP, Chief Information Ofcer
Shelley Wetton
SVP, Chief Marketing Ofcer
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FIVE STAR BANCORP - Annual Report 2021
James Beckwith
President & CEO
Jack Dalton
SVP, Chief Credit Ofcer
Mike Lee
SVP, Chief Regulatory Ofcer
Heather Luck
SVP, Chief Financial Ofcer
Lydia Ramirez
SVP, Chief Operations Ofcer &
Chief DE&I Ofcer
Mike Rizzo
SVP, Chief Banking Ofcer
Brett Wait
SVP, Chief Information Ofcer
Shelley Wetton
SVP, Chief Marketing Ofcer
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FIVE STAR BANCORP - Annual Report 2021
Our Clients
CLIENT INDEX
PAGE
VERTICALS
CLIENT
Non-profit
3Strands Global Foundation
Manufactured Housing
Monte Christo Communities
Business - Auto Dealership
Von Housen Automotive Group
Construction
A.P. Thomas Construction
Professional Services & Practice
Bal & Associates, CPA Inc.
Non-profit
Saint John’s Program for Real Change
Venture Banking, Tech & Start-Up
Black Star Fund
Small Business
DC Investments One LLC
Venture Banking, Tech & Start-Up
Moneta Ventures
Faith-Based
William Jessup University
Professional Services & Practice
Afineol IT Consulting
Small Business
Woody’s Brewing Company
Non-profit
CapRadio
16
18
20
22
24
26
28
30
32
34
36
38
40
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FIVE STAR BANCORP - Annual Report 2021 PAGE
VERTICALS
CLIENT
42
44
46
48
50
52
54
56
58
60
62
64
Small Business
Rytina Fine Cleaners
Agriculture & Ag Tech
Millennium Farms
Small Business
Fizz Champagne & Bubbles Bar
Non-profit
SMUD MOSAC
Venture Banking, Tech & Start-Up
Growth Factory
Construction
SRBX
Professional Services & Practice
Pacific Staffing
Government
El Dorado Hills CSD
Commercial & Industrial Business
General Produce
Non-profit
NFIB California
Professional Services & Practice
Group Concepts
Business - Auto Dealership
Maita Automotive
15
FIVE STAR BANCORP - Annual Report 2021 N O N - P R O F I T :
3Strands Global Foundation
“We are so grateful for FIVE STAR BANK. They help us focus on those we
serve so that we can make sure our clients have the basic necessities to
survive.”
Ashlie Bryant, Co-Founder & CEO
3Strands Global Foundation is a local non-proft working toward creating a world free from human
trafcking. They serve survivors by providing support and employment opportunities. They also work to
educate the public about the dangers and signs of human trafcking and have educated over 500,000 adults
and students. Through hosted events, such as their annual Break Free Run, 3Strands Global Foundation is
able to mobilize communities to combat human trafcking and advocate for freedom.
16
FIVE STAR BANCORP - Annual Report 2021 M A N U FA C T U R E D H O U S I N G C O M M U N I T I E S :
Monte Christo Communities
“What separates FIVE STAR BANK from the rest is the entrepreneurial
spirit of their people. Since day one of our relationship, Five Star’s people
have gone out of their way to demonstrate that they are here to be a
partner in our success.”
John McDougall, Principal & CEO
Monte Christo Communities operates manufactured housing communities and RV parks throughout
the Western United States. They know that this form of housing is needed and valued now more than
ever and are proud to serve the communities they have been given stewardship over. With decades of
combined experience, Monte Christo is dedicated to investing in their communities to build long-term
value for their team, residents, and investors, which they afectionately refer to as their “Trinity.”
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FIVE STAR BANCORP - Annual Report 2021
B U S I N E S S - A U T O D E A L E R S H I P :
Von Housen Automotive Group
“Our commitment to serve our team members and the community has
always been my frst priority. FIVE STAR BANK makes sure we keep that
commitment.”
George Grinzewitsch, Owner & CEO
For more than 60 years, Von Housen Automotive Group has delivered high-end luxury vehicles to discerning
clients throughout the Greater Sacramento Area. They are known for quality, service and a large selection
of Mercedes-Benz vehicles.
20
FIVE STAR BANCORP - Annual Report 2021 C O N S T R U C T I O N :
A.P. Thomas Construction
“The FIVE STAR BANK team makes banking easy! They are proactive and
provide solutions to make us successful.”
Amy Thomas, Vice President
A.P. Thomas Construction is an award-winning, full-service general contractor based in the Sacramento area.
For two decades, they have delivered innovation and quality to commercial, retail and industrial projects.
The A.P. Thomas Construction team listens and then carefully executes a plan to bring their customers’
visions to life.
22
FIVE STAR BANCORP - Annual Report 2021
P R O F E S S I O N A L S E R V I C E S & P R A C T I C E :
Bal & Associates, CPA Inc.
“FIVE STAR BANK has provided exceptional customer service and easy
fnancing to meet the needs of our busy clients. They have positively
impacted and supported our community projects and work tirelessly to
help us fnd solutions to achieve our goals in a timely manner.”
Baljit Bal, CPA, MST, CEO
Bal & Associates, CPA Inc., ofers a wide range of professional services in the areas of accounting, bookkeeping,
payroll, tax and fnancial planning with the goal of building strong and long-lasting relationships with their
clients and community. They proudly serve California’s Central Valley with one ofce in Rocklin and another
in Fresno.
24
FIVE STAR BANCORP - Annual Report 2021 N O N - P R O F I T :
Saint John’s Program for Real Change
“Saint John’s Program for Real Change is grateful for FIVE STAR BANK’s
responsiveness, service and partnership. Their service allows us to
continue our mission work and strengthen our community.”
Julie Hirota, CEO
Saint John’s Program for Real Change is designed to help homeless women and children living in crisis.
They provide women the ability to rise above devastating, negative elements and achieve job readiness
and self-sustainability through supportive services, mental health services, career education and on-the-
job training.
26
FIVE STAR BANCORP - Annual Report 2021
V E N T U R E B A N K I N G , T E C H N O L O G Y & S TA R T- U P :
Black Star Fund
“FIVE STAR BANK has been with Black Star Fund from the beginning.
What sets Five Star Bank apart is their focus on customer service and
support. From our customer relationship manager helping us to integrate
multiple accounts through the online portal to the President of the bank
checking in to make sure everything is moving smoothly, everyone at Five
Star Bank has always treated Black Star Fund as a VIP client.”
Kwame Anku, Chairman & CEO
Black Star Fund invests in innovators and those who see new enterprise as a gateway to a world that is more
abundant, balanced and productive. Their approach to investing combines the ease of early stage “friends
and family” funding with the rigor of venture capital. Black Star Fund keeps their investment philosophy
simple because they know the harvest is only as good as the cultivation.
28
FIVE STAR BANCORP - Annual Report 2021
S M A L L B U S I N E S S :
DC Investments One, LLC
“The biggest beneft of working with FIVE STAR BANK is that it’s a local
bank that caters towards entrepreneurs. Their service and willingness to
help us achieve our goals and dreams is what we appreciate the most.”
Chenoa Rivera and David Rivera, Owners
Chenoa Rivera and David Rivera are real estate investing experts and the stars of HGTV’s Rustic Rehab.
They share a passion for transforming neglected houses into beautiful homes. Chenoa and David also own
Brooklyn Bridge Bagel Works in Downtown Chico, California.
30
FIVE STAR BANCORP - Annual Report 2021 V E N T U R E B A N K I N G , T E C H N O L O G Y & S TA R T- U P :
Moneta Ventures
“A lot of banks will not look at early-stage companies. The fact that FIVE
STAR BANK is willing to take a look benefts our portfolio and supports
companies in getting to the next stage.”
Lokesh Sikaria, Founder & Managing Partner
Moneta Ventures invests in early-stage companies in the enterprise technology, healthcare and internet/
consumer application sectors in the Greater Sacramento Area. Aside from capital investment, the Moneta
Ventures team works closely with entrepreneurs, developers and sales and marketing teams to optimize
growth and proftability so promising early-stage startups can thrive.
32
FIVE STAR BANCORP - Annual Report 2021 FA I T H - B A S E D :
William Jessup University
“FIVE STAR BANK has been a terrifc banking partner for William Jessup.
We value the personalized service their team provides and the fact that
their team is always just a phone call away.”
Dr. John Jackson, President
As a nationally-ranked Christian university, William Jessup University seeks to develop the whole person by
developing skills in communication, quantitative reasoning and critical thinking and by exposing students
to a broad cross-section of knowledge in science, social science and the humanities. The university aims
to maintain high academic standards while guiding students toward fulflling careers and authentic
relationships with Christ.
34
FIVE STAR BANCORP - Annual Report 2021 P R O F E S S I O N A L S E R V I C E S & P R A C T I C E :
Afineol IT Consulting
“We found a partner in FIVE STAR BANK the moment we became a
customer. They helped us through the everchanging landscape of the
past few years with professionalism and outstanding customer service.”
Margaret Strong, President
Afneol IT Consulting has been serving the Sacramento region since 2000. Their team of dedicated IT
professionals has a strong focus on customer service and the technical skills to keep their clients’ businesses
running smoothly.
36
FIVE STAR BANCORP - Annual Report 2021 S M A L L B U S I N E S S :
Woody’s Brewing Company
“I don’t consider FIVE STAR BANK just a bank - I consider them friends.
Talk to any of them and I can almost guarantee you’ll walk out a new
customer.”
Andrew Wlodarczyk, Operations Manager
Woody’s Brewing Company started with a passion for brewing (and consuming) beer and has turned into
one of Redding’s most beloved spots for delicious food and great beer. Family-owned, family-brewed and
fnely-crafted, Woody’s Brewing Company earned the title of the Best of North State’s Best Bar in 2020.
38
FIVE STAR BANCORP - Annual Report 2021 N O N - P R O F I T :
CapRadio
“FIVE STAR BANK has been a catalyst for our growth over the last 12
years and has been instrumental in keeping us whole during the most
challenging times.”
Jun Reina, General Manager
CapRadio is a trusted and indispensable source of information, music and entertainment while
strengthening the civic and cultural life of the Greater Sacramento Region. Over 470,000 listeners tune into
classical, jazz, news and public afairs programming each week on one of CapRadio’s seven National Public
Radio (NPR) stations serving California’s Central Valley and the Sierra Nevadas.
40
FIVE STAR BANCORP - Annual Report 2021
S M A L L B U S I N E S S :
Rytina Fine Cleaners
“It is during the tough times that I have learned who really has our back...
FIVE STAR BANK has ours!”
Katie Brown, Owner
Rytina Fine Cleaners is a third-generation, family-owned business ofering more than 60 years of expertise
in caring for Sacramento’s fnest fashions. From garment care and laundering to alterations and specialty
items, Rytina ofers couture level service and quality to every textile that passes through their doors.
42
FIVE STAR BANCORP - Annual Report 2021 A G R I C U LT U R E & A G T E C H N O L O G Y:
Millennium Farms
“Our family has been involved in farming for nearly 50 years and has
dealt with many banks. We appreciate the speed and quality of service
provided by FIVE STAR BANK. They are up front regarding what they can
and can’t do, and unlike other banks, they get the job done in a timely
fashion and often faster than promised.”
Gurvinder Pamma and Amar Pamma, Owners
Millennium Farms has been growing and harvesting walnuts, almonds, prunes and peaches for nearly 50
years. The family-owned and operated farm spans over 2,500 acres in Live Oak, California, and provides
delicious, fresh produce to the Greater Sacramento Region.
44
FIVE STAR BANCORP - Annual Report 2021 S M A L L B U S I N E S S :
Fizz Champagne & Bubbles Bar
“FIVE STAR BANK doesn’t just talk the talk or walk the walk... they run the
race with you! They are the bank of the entrepreneur, the small business,
the dreamer, and I couldn’t be more honored to have created a lifelong
banking partnership and friendship with them.”
Raymond James Irwin, Chief Champagne Officer,
2020 SBA Sacramento District Entrepreneur of the Year
Fizz is a champagne bar with more than 150 diferent champagnes and sparkling wines. They are located in
the heart of Downtown Sacramento and help their customers celebrate the smallest wins and the biggest
life events.
46
FIVE STAR BANCORP - Annual Report 2021
N O N - P R O F I T :
SMUD Museum of Science and Curiosity
“The best way to describe FIVE STAR BANK is community champions!
Their leadership and staf are committed to lending their expertise to
support our community in challenging times and help our community
thrive in good times. “
Shahnaz Van Deventer, Director of Marketing & Development
The SMUD Museum of Science and Curiosity (MOSAC) is a dynamic epicenter for science, technology,
engineering, arts and math education and an anchor point for Sacramento’s revitalized waterfront. MOSAC
serves as a regional hub that engages and inspires people of all ages to explore the wonders, possibilities
and responsibilities of science.
48
FIVE STAR BANCORP - Annual Report 2021 V E N T U R E B A N K I N G , T E C H N O L O G Y & S TA R T- U P :
Growth Factory
“Our family of companies proudly banks with FIVE STAR BANK. Together,
we are a winning combination for entrepreneurship.”
Mark Haney, Founding Partner
The Growth Factory is a non-proft pre-seed accelerator and accompanying venture capital fund on a
mission to scale great companies in the Greater Sacramento Region. Designed for highly-motivated, action-
oriented entrepreneurs, Growth Factory helps companies through 12 months of structured support.
50
FIVE STAR BANCORP - Annual Report 2021 C O N S T R U C T I O N | N O N - P R O F I T :
Sacramento Regional Builders Exchange (SRBX)
“FIVE STAR BANK is not just our bank. They are a key partner in helping
us serve the Capital Region’s commercial construction industry.”
Tim Murphy, CEO
Founded in 1901, Sacramento Regional Builders Exchange is the construction industry’s oldest and largest
association in the region. Members include contractors and subcontractors, suppliers and industry support
organizations. SRBX provides education programs, safety programs, bidding information, political advocacy,
networking opportunities and other related information and events for the construction industry.
52
FIVE STAR BANCORP - Annual Report 2021
P R O F E S S I O N A L S E R V I C E S & P R A C T I C E :
Pacific Staffing
“Pacifc Stafng sincerely appreciates FIVE STAR BANK’s customer service,
attention to detail and accountability. We look forward to doing business
with them for years to come.”
Preet Kaur, CEO
For more than 30 years, Pacific Staffing has helped Northern California hire better, staff more efficiently
and find more rewarding jobs. They are a trusted partner for their clients and candidates because of
their innovative approach to staffing. They focus on the details and bring success to both employers
and job seekers.
54
FIVE STAR BANCORP - Annual Report 2021
G O V E R N M E N T :
El Dorado Hills Community Services District
“FIVE STAR BANK epitomizes a value-add business relationship that
goes beyond to the point of a partnership. They are equipped with all
the big-time banking tools and resources, while never losing sight of the
meaningfulness of relationship building.”
Kevin Loewen, General Manager
The El Dorado Hills Community Services District (CSD) serves a large, densely developed suburban
population located east of the Sacramento County line and mostly north of Highway 50. The CSD owns and
manages approximately 535 acres of land including 254 acres of parks and 281 acres of open space. Their
mission is to improve the quality of life for the El Dorado Hills community through responsible leadership
and by providing superior services and facilities.
56
FIVE STAR BANCORP - Annual Report 2021 C O M M E R C I A L & I N D U S T R I A L B U S I N E S S :
General Produce
“FIVE STAR BANK makes you feel like you are the most important
customer in the world to them. Moving to Five Star Bank was an easy
decision.”
Thomas Chan and Dan Chan, Owners
General Produce is a third-generation, locally-owned and operated fresh produce company located in
Northern California. They distribute fresh fruits and vegetables that are local, organic, sustainable, regional
and globally sourced. General Produce plays an integral part in stocking grocery store shelves with fresh
produce and also provides produce to hotels, restaurants, caterers and schools.
58
FIVE STAR BANCORP - Annual Report 2021 N O N - P R O F I T :
National Federation of Independent Business (NFIB) California
“FIVE STAR BANK has superior banking services, team members and
programs to serve our number one job creators - small businesses - and
so many others throughout our communities.”
John Kabateck, President, Kabateck Strategies and CA State Director, NFIB CA
The National Federation of Independent Business (NFIB) California is the voice of small business, advocating
on behalf of America’s small and independent business owners. When a big issue afects small and
independent businesses, NFIB is there. For the past 75 years, NFIB has advocated on the most pressing
small business issues, such as taxes, healthcare and regulations.
60
FIVE STAR BANCORP - Annual Report 2021 P R O F E S S I O N A L S E R V I C E S & P R A C T I C E :
Group Concepts
“Moving my bank accounts to FIVE STAR BANK was one of the best
decisions I have made as a business owner. I highly recommend Five Star
Bank to any business!”
Andrea Casillas, Owner & President
Group Concepts is a seasoned association management company, serving trade associations with sound
and proftable membership services since 1976. They specialize in leveraging technology to increase
efciency in volunteer organizations. Group Concepts provides fnancial management, member services,
executive oversight, marketing, professional development, and conference planning to not-for-proft
trade associations.
62
FIVE STAR BANCORP - Annual Report 2021
B U S I N E S S - A U T O D E A L E R S H I P :
Maita Automotive Group
“FIVE STAR BANK has provided a new level of customer service to
the Maita Automotive Group. They streamlined our banking processes,
added efciencies and provided resources that have been extremely
benefcial to our operations, but it is their ongoing speed to serve and
responsiveness that is truly impressive.”
Steve Maita, Owner
The Maita Automotive Group is a family-owned dealership and an integral part of the community. They
provide the vehicles that their customers need without jeopardizing their customers’ budgets or long-term
fnancial goals.
64
FIVE STAR BANCORP - Annual Report 2021 CONTEN TS
PAGE
CONTENT
68
71
75
78
89
95
The Entrepreneur’s Bank &
Overview of Business Verticals
Financial Summary
Additional Information
Community Reinvestment
Executive Leadership
Board of Directors
100 Core Values
102 Locations
67
FIVE STAR BANCORP - Annual Report 2021
The Entrepreneur’s Bank
Five Star Bancorp recognizes entrepreneurs are the foundation of
a strong and growing economy. Whether a business is just getting
started or is a thriving enterprise, we are committed and compassionate
bankers ready to serve. This commitment is authentic and meaningful
and has resulted in Five Star Bancorp earning a high level of trust
among our clients. Further, the depth and scope of our expertise
in specifc verticals ensure our clients are provided a greater level of
service than our competitors can provide.
Agriculture & Ag Tech
We have a long history and extensive experience fnancing agricultural operations throughout California. We help
farmers, ranchers and growers with irrigation, agriculture development, land clearing and leveling, agriculture real estate,
livestock and dairy, crop loans, equipment fnancing and more. We also serve customers with vineyards and wineries.
Business Lending
Five Star Bancorp helps clients by providing specialized business fnancing products, including lines of credit, term loans,
equipment leasing, business vehicle loans and more. We also ofer a full suite of treasury solutions including receivables,
payables and liquidity management.
Commercial Real Estate & Construction
In 1999, we were founded to serve the commercial real estate industry. Today, our vast market knowledge serves
developers and brokers through loan programs that assist with the purchase or refnance of general-purpose, owner-
occupied and investment properties for both commercial and industrial real estate. Our expertise includes commercial
ofce buildings, industrial warehouses, industrial manufacturing facilities and retail shopping centers.
Faith Community
Our experienced, trusted and highly respected team has provided fnancial tools to pastors and church administrators
for over 30 years. Widely known as leaders in faith banking innovation, Five Star Bancorp ensures our faith partners can
focus on what they do best by serving others.
68
FIVE STAR BANCORP - Annual Report 2021
Government
We fully support public entities and their critical role in our communities by ensuring they meet the three priorities of
managing public funds: Safety, Liquidity and Yield. As a trusted partner, we help reduce costs, increase interest earnings
and improve efciency.
Manufactured Housing, RV & Self Storage
Five Star Bancorp is widely regarded as a leader in manufactured housing lending, providing fnancial tools to the
manufactured housing community (MHC) and RV park owners and operators nationwide. We fnance the land, not
the homes themselves. While we work with MHC owners and operators, we understand our clients often provide
opportunity for home ownership for many while also serving as critical workforce housing.
Non-profit
As community stewards with extensive experience working with non-profts, we know cost-efective banking services
are vital to successfully managing cash fow and maximizing return. Our commitment to our non-proft clients goes
beyond simply providing banking services. As a long-time supporter of many local non-proft organizations, we
understand the unique fnancial challenges of the modern charitable institution.
Practice & Professional Services
Five Star Bancorp takes our clients’ professional practices to the next level. Every day, we provide clients with access
to capital and customized banking solutions to create successful medical, veterinarian, dental, legal and accounting
practices and more. Whether our clients are acquiring, buying-in, selling or expanding their business, we advise them on
a path of sustainable success. We also provide law frms, accounting frms and other professional services providers with
cost-efective and efcient banking services.
Small Business Administration (SBA)
Five Star Bancorp has consistently been named among the top producing SBA lenders in the nation. Ensuring small
business owners have the support, resources and capital to build successful companies is embedded in our mission and
culture. We also provide loans to minorities, women and veterans, in cities and rural communities. Our SBA Department
manages loans from our own originations and works with several wholesale partners.
Venture Banking, Technology & Start-Up
Entrepreneurs need a partner who understands their industry, business model, investment requirements and banking
needs. We are the only bank in our market dedicated to emerging business. In 2021, we were a founding launch partner
of the Sacramento Business Journal’s Sacramento Inno web platform which covers our region’s innovation economy. We
are the creator of Five Star Bank Tank which brings together start-ups with investors. We are also a partner of Growth
Factory which helps accelerate companies in our region.
69
FIVE STAR BANCORP - Annual Report 2021
2021 Financial Summary
Consolidated Statements of Income
in thousands, except per share data
Year ended December 31,
2021
2020
Interest and dividend income
Loans, including fees
Taxable securities
Nontaxable securities
Interest-bearing deposits in other banks
Interest expense
Deposits
Subordinated notes
Net interest income
Provision for loan losses
Net interest income after provision for loan losses
Non-interest income
Service charges on deposit accounts
Net gain on sales of securities
Gain on sale of loans
Loan-related fees
Federal Home Loan Bank of San Francisco ("FHLB") stock dividends
Earnings on bank-owned life insurance (“BOLI”)
Other
Non-interest expense
Salaries and employee benefts
Occupancy and equipment
Data processing and software
Federal Deposit Insurance Corporation insurance
Professional services
Advertising and promotional
Loan-related expenses
Other operating expenses
Income before provision for income taxes
Provision for income taxes
Net income
Basic earnings per share
Diluted earnings per share
$
$
$
$
See notes to consolidated fnancial statements in our Annual Report on Form 10-K.
78,894
1,321
821
547
81,583
2,199
1,773
3,972
77,611
1,700
75,911
424
724
4,082
639
372
237
802
7,280
19,825
1,938
2,494
700
3,792
1,300
1,045
4,949
36,043
47,148
4,707
42,441
2.83
2.83
$
$
$
$
71,405
1,287
500
1,198
74,390
7,407
1,773
9,180
65,210
9,000
56,210
367
1,438
4,145
2,309
321
220
502
9,302
16,084
1,715
1,982
1,137
1,960
1,102
732
3,545
28,257
37,255
1,327
35,928
3.57
3.57
71
FIVE STAR BANCORP - Annual Report 2021 Consolidated Balance Sheets
in thousands, except share data
Assets
Cash and due from fnancial institutions
Interest-bearing deposits in banks
Cash and cash equivalents
Time deposits in banks
Securities available-for-sale, at fair value
Securities held-to-maturity, at amortized cost (fair value of $5,197 and $8,755 at
December 31, 2021 and December 31, 2020, respectively)
Loans held for sale
Loans held for investment, net of allowance for loan losses of $23,243 and
$22,189 at December 31, 2021 and December 31, 2020, respectively
FHLB stock
Premises and equipment, net
BOLI
Interest receivable and other assets
Total assets
Liabilities and Shareholders’ Equity
Deposits
Non-interest-bearing
Interest-bearing
Total deposits
Subordinated notes, net
Interest payable and other liabilities
Total liabilities
Shareholders’ equity
$
$
$
December 31,
2021
2020
$
136,074
289,255
425,329
14,464
148,807
4,946
10,671
1,911,217
6,723
1,773
11,203
21,628
2,556,761
$
902,118
$
1,383,772
2,285,890
28,386
7,439
2,321,715
46,028
244,465
290,493
23,705
114,949
7,979
4,820
1,480,970
6,232
1,663
8,662
14,292
1,953,765
701,079
1,082,922
1,784,001
28,320
7,669
1,819,990
Preferred stock, no par value; 10,000,000 shares authorized; zero issued and
outstanding at December 31, 2021 and December 31, 2020
_
_
Common stock, no par value; 100,000,000 shares authorized; 17,224,848 shares
218,444
110,082
issued and outstanding at December 31, 2021; 11,000,273 shares issued and
outstanding at December 31, 2020
Retained earnings
Accumulated other comprehensive (loss) income, net
Total shareholders’ equity
Total liabilities and shareholders’ equity
17,168
(566)
235,046
$
2,556,761
$
22,348
1,345
133,775
1,953,765
See notes to consolidated fnancial statements in our Annual Report on Form 10-K.
72
FIVE STAR BANCORP - Annual Report 2021
Consolidated Statements of Changes in Shareholders’ Equity
in thousands, except share and per share data
Common Stock
Accumulated Other
Comprehensive
Income (Loss), Net
$
Shares
9,674,875
_
_
1,250,000
9,398
_
16,000
50,000
_
Amount
Retained Earnings
of Taxes
Total
96,114
_
_
12,500
_
316
252
900
_
$
12,789
$
35,928
_
_
_
_
_
_
(26,369)
(26)
_
1,371
_
_
_
_
_
_
$
108,877
35,928
1,371
12,500
_
316
252
900
(26,369)
Balance at December 31, 2019
Net income
Other comprehensive income
Stock ofering
Stock issued under stock award plans
Stock compensation expense
Director stock compensation expense
Common stock issued
Cash dividends paid ($2.63 per share)
Balance at December 31, 2020
11,000,273
$
110,082
$
22,348
$
1,345
$
133,775
Net income
Other comprehensive loss
Stock ofering
Stock issued under stock award plans
Stock compensation expense
Director stock compensation expense
Restricted stock forfeitures
Reclassifcation of retained defcit
Cash dividends paid ($4.55 per share)
_
_
6,054,750
132,707
_
41,640
(4,522)
_
_
_
_
111,243
_
594
846
_
(4,321)
_
42,441
_
_
_
_
_
_
4,321
(51,942)
_
(1,911)
_
_
_
_
_
_
_
42,441
(1,911)
111,243
_
594
846
_
_
(51,942)
Balance at December 31, 2021
17,224,848
$
218,444
$
$17,168
$
(566)
$
235,046
See notes to consolidated fnancial statements in our Annual Report on Form 10-K.
73
FIVE STAR BANCORP - Annual Report 2021
Consolidated Statements of Cash Flows
in thousands
Cash fows from operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
Loans originated for sale
Gain on sale of loans
Proceeds from sale of loans
Net gain on sale of securities
Earnings on BOLI
Stock compensation expense
Director stock compensation expense
Change in deferred loan fees
Amortization and accretion of security premiums and discounts
Amortization of subordinated notes issuance costs
Depreciation and amortization
Deferred taxes
Net changes in:
Interest receivable and other assets
Interest payable and other liabilities
Net cash provided by operating activities
Cash fows from investing activities:
Proceeds from sale of securities available-for-sale
Maturities, prepayments and calls of securities available-for-sale
Purchases of securities available-for-sale
Increase (decrease) in time deposits in banks
Loan originations, net of repayments
Purchase of premises and equipment
Purchase of FHLB stock
Purchase of BOLI
Net cash used in investing activities
Cash fows from fnancing activities:
Net change in deposits
Proceeds from issuance of common stock
FHLB repayment
Cash dividends paid
Net cash provided by fnancing activities
Net change in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental disclosure of cash fow information:
Interest paid
Income taxes paid
Supplemental disclosure of noncash investing and fnancing activities:
Transfer from loans held for investment to loans held for sale
Unrealized (loss) gain on securities
Disposal of premises and equipment
Reclassifcation of retained defcit
See notes to consolidated fnancial statements in our Annual Report on Form 10-K.
74
Year ended December 31,
2021
2020
$
42,441
$
35,928
1,700
(48,169)
(4,082)
43,024
(724)
(237)
594
846
(1,689)
1,561
66
607
(4,001)
(3,050)
(230)
28,657
47,096
18,732
(99,686)
9,241
(426,882)
(717)
(491)
(2,304)
(455,011)
501,889
111,243
_
(51,942)
561,190
134,836
290,493
425,329
4,505
10,450
4,820
(2,199)
515
4,321
$
$
$
$
$
$
$
9,000
(98,399)
(4,145)
108,149
(1,438)
(220)
316
252
2,367
1,138
67
461
(143)
(3,548)
1,690
51,475
46,406
16,118
(97,571)
(3,761)
(330,837)
(833)
(1,152)
(1,000)
(372,630)
472,251
13,400
(25,000)
(26,369)
434,282
113,127
177,366
290,493
$9,713
$1,655
$6,527
$1,422
_
_
$
$
$
$
$
$
$
FIVE STAR BANCORP - Annual Report 2021
Consolidated Statements of Comprehensive Income
in thousands
Year ended December 31,
2021
2020
Net income
$
42,441
$
Net unrealized holding (loss) gain on securities available-for-sale during the period
Reclassifcation adjustment for net realized gains included in net income
Income tax (beneft) expense related to other comprehensive (loss) income
Other comprehensive (loss) income
Total comprehensive income
(1,475)
(724)
(288)
(1,911)
$
40,530
$
35,928
2,860
(1,438)
51
1,371
37,299
See notes to consolidated fnancial statements in our Annual Report on Form 10-K.
Five Star Bancorp Common Stock
The Company’s common stock, no par value per share, is traded on the Nasdaq Global Select Market under the symbol
“FSBC.” As of December 31, 2021, there were 240 holders of record of the Company’s common stock.
Additional Information and Where to Find It
In accordance with the Securities Exchange Act of 1934 (Exchange Act), the Company fles annual reports on Form
10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and proxy statements for the annual meeting of
shareholders, copies of which are also available in the Investor Relations section of our website at https://investors.
fvestarbank.com/fnancial-information/sec-flings, or upon written request to us at Corporate Secretary, Five Star
Bancorp, 3100 Zinfandel Drive, Suite 100, Rancho Cordova, California 95670.
Forward – Looking Statements
This document 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 identifed 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 difer 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 afect the
Company. If one or more of the factors afecting the Company’s forward-looking information and statements proves
incorrect, then the Company’s actual results, performance or achievements could difer materially from those expressed
in, or implied by, forward-looking information and statements contained in this document. 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 difer 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, 2021 under the section entitled “Risk
Factors,” and other documents fled 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 refect
actual results or changes in the factors afecting the forward-looking statements, except as specifcally required by law.
75
FIVE STAR BANCORP - Annual Report 2021
We believe in action over words and recognize it
is the effort of our entire team that allows us to
donate, volunteer, engage and lead.
Community Reinvestment
At Five Star Bancorp, we seize opportunities, embrace challenges
and value the intrinsic reward of serving others. It is our hope you
fully understand our commitment extends to our community’s most
vulnerable, under-resourced and underrepresented. As such, we are also
committed to a robust Community Reinvestment Act Program (CRA)
and are grateful to be a source of strength for our clients and advocates
for our community and our region’s non-profts.
Non-profit & Economic Impact
Five Star Bancorp is extensively engaged with a wide range of non-profts and economic development corporations in
the communities we serve through direct charitable giving and through active board engagement. Our executive team
members serve on numerous non-proft boards of directors, including 3Strands Global Foundation, the Sacramento
Hispanic Chamber of Commerce, the Sacramento Black Chamber of Commerce, the Asian Pacifc Chamber of
Commerce, Sacramento Regional Conservation Corps, Sacramento Food Bank & Family Services, Project R.I.D.E. and the
American River Parkway Foundation.
In 2021, we made donations to non-profts to soften the continued impact of COVID-19. We also led a regional
fundraising campaign in support of the Salvation Army’s Del Oro division to help those afected by Northern California’s
wildfres. We continued our commitment to educational initiatives as mentors, funders and advocates, including Cristo
Rey High School Sacramento, City Year Sacramento and more. We support the meaningful work of those who serve
students from low-to-moderate income communities who have little fnancial and emotional support.
Education
Supporting educational institutions is critically important to us. Five Star Bancorp supports robust educational programs
at the elementary school, high school, college and university levels.
Cristo Rey High School Sacramento
Cristo Rey High School transforms lives by providing college preparatory education and professional work experience to
high school students with limited fnancial and emotional support. The school’s vision is to create the most efective and
highly regarded high school that transforms underserved students into faith-flled, educated, professional and service-
oriented people through work experience programs.
City Year Sacramento
City Year partners with schools and school districts across the United States to create positive learning environments
that beneft the entire school community. In 2021, Five Star Bancorp helped fund a City Year AmeriCorps member who
served as a student success coach, supporting the development, growth and success of students while cultivating skills
to be leaders in their communities and successful in their careers.
78
FIVE STAR BANCORP - Annual Report 2021
The Sacramento State University Business Honors Program
The Sacramento State University Business Honors Program immerses students in an exceptional learning experience
through cohort groups and prepares them to become highly qualifed managers through a cross-functional and
integrated program. Our employees also teach classes on business marketing. When the program was on the verge of
being closed due to budget cuts, Five Star Bancorp stepped in to sponsor the cohort from 2017 to 2024.
University of the Pacifc
Five Star Bancorp underwrites University of the Pacifc’s Leadership Development Program and the Five Star Bank
Leadership Fund which provide fnancial support to students. Our employees present leadership development webinars
and have regularly taught as visiting lecturers.
University of California, Davis
The Five Star Bank Athletes in Business Group serves student athletes interested in careers in banking or fnance and
provides opportunities for employees to interact with students while providing insight into transitioning from college to
the workforce.
Women in Business
The Company recognizes the impact of connecting, supporting and celebrating women in business which leads to the
expansion of our client base. This also infuences our customers’ success while creating brand loyalty (and advocacy)
that translate to revenue. The Company’s support of women in business also positively afects corporate culture by
promoting authentic, meaningful and mutually benefcial business relationships.
Affordable Housing
Five Star Bancorp provided fnancing for multifamily rental properties in low-to-moderate income census tracts that
beneft the residents. The Company also provided fnancing to a non-proft organization that ofers low-income housing
to college students in the Sacramento region. The Company also invests in mortgage-backed securities that support
low-to-moderate income homeowners.
Chambers of Commerce
In 2021, Five Star Bancorp funded a Program Manager position for the Sacramento Asian Pacifc Chamber of Commerce’s
Connecting Diverse Communities Program (CDCP) through a donation of $60,000. This donation funded the salary of
a Project Manager who connected minority-owned businesses with funding opportunities to support their business,
including but not limited to, government funding, capital resources and business coaching.
79
FIVE STAR BANCORP - Annual Report 2021
“I see what FIVE STAR BANK does for
other women-owned businesses like
mine and I’m blown away by the love
and care. I’m grateful that I have Five
Star Bank in my corner!”
Kellie DeMarco, President
Kellie DeMarco Communications
WO MEN IN BU SI NESS
80
FIVE STAR BANCORP - Annual Report 2021
“FIVE STAR BANK has taken
business banking to the next level.
From the very frst call through our
banking transition and ongoing
business needs, we could not be
happier with our relationship with
Five Star Bank.”
Michelle Shipman,
Founder & CEO
SearchLight Properties
81
FIVE STAR BANCORP - Annual Report 2021
“We are so grateful to FIVE STAR
BANK for being long term
supporters and advocates for
Corpsmembers and the work of the
SRCC.”
Paula Birdsong,
Executive Director
Sacramento Regional
Conservation Corps
NON-PR OFIT
82
FIVE STAR BANCORP - Annual Report 2021
“It is critical that we have a relationship
with our fnancial institution. Our
relationship with FIVE STAR BANK has
been incredible. They care about the
community and about our mission and
the people we serve.”
Blake Young,
President & CEO
Sacramento Food Bank
& Family Services
83
FIVE STAR BANCORP - Annual Report 2021
Five Star Bank is committed to the vision and mission of the Sacramento
Hispanic Chamber of Commerce and is very pleased to announce our
SVP, Chief Operations Officer & Chief DE&I Officer, Lydia Ramirez, will
assume the role of SHCC Board Chair in 2021!
Cathy Rodriguez Aguirre, President & CEO, SHCC pictured with Lydia Ramirez
CHAM BERS OF COMMERCE
84
FIVE STAR BANCORP - Annual Report 2021
“The Sacramento Asian Pacific Chamber of Commerce is pleased to
present Five Star Bank with the 2021Corporate Steward Award! We
are grateful to work with community partners like Five Star Bank
who advocate for the strength, resilience and vitality of our region’s
businesses.”
Pat Fong Kushida, President & CEO
Sacramento Asian Pacifc Chamber of Commerce
(Pat Fong Kushida pictured with James Beckwith)
85
FIVE STAR BANCORP - Annual Report 2021
“Five Star Bank is an extraordinary supporter of the
Business Honors Cohort. The close partnership we
enjoy connects our students with businesses and
brings new perspective and innovative best practices
to our classrooms.”
Dr. Pingsheng Tong, Faculty Director, Business
Honors Program
“Five Star Bank was one of the frst corporate partners
to recognize the impact that the Aggie Evolution
System (EVO) has. Their generosity, wisdom and
partnership are enormous contributors to our ability
to help student athletes better know and navigate
the world of work.”
Dr. Michael Lorenzen, Executive Director, EVO
“Students who engage with Five Star Bank are
inspired and motivated. Beyond elevating leadership
skills, this partnership is boosting students’
confdence in approaching their careers in an
unusually difcult economic environment. We are
excited to collaborate in the development of future
business leaders with Five Star Bank’s exceptional
team.”
Margaret Roberts, Director, Eberhardt Career
Management Center
“Five Star Bank has been an incredible partner to City
Year Sacramento and has a deep commitment to the
communities we serve. Thank you, Five Star Bank, for
being a champion of City Year.”
Jef Owen, Executive Director, City Year Sacramento
EDUC ATION
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FIVE STAR BANCORP - Annual Report 2021
“Our mission is to educate and prepare young people for
college and our region’s workforce. Paola Jimenez represents
this mission come to fruition! Paola is a Cristo Rey High School
graduate and a member of the Five Star Bank team - one of our
Work Study partners. As we prepare for the coming school year,
we celebrate our students and the support we receive from our
community. Cristo Rey really is the school that works.“
~David Perry, Ed.D., President, Cristo Rey High School Sacramento
Pictured left to right:
David Perry, Ed.D., President, Cristo Rey High School Sacramento;
Paola Jimenez, Treasury Specialist, Five Star Bank;
Tracy Beckwith, 2020-22 Board Chair, Cristo Rey High School Sacramento
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FIVE STAR BANCORP - Annual Report 2021
Executive Leadership
Executive Leadership
James Beckwith
President & CEO
With nearly 30 years of experience, Mr. Beckwith serves as our President
and Chief Executive Ofcer and is a member of our board of directors.
Mr. Beckwith joined Five Star Bank in 2003. He is deeply connected
to the Sacramento community and has chaired several community-
based organizations which include the Sacramento Metro Chamber of
Commerce, Valley Vision, and KVIE (the local PBS afliate). Mr. Beckwith
is currently the Chair of the Western Bankers Association, a Private
Sector Director with the Greater Sacramento Economic Council, and a
member of the Sacramento State University College of Business Advisory
Council. Mr. Beckwith previously served as Chief Financial Ofcer and
Chief Operating Ofcer of National Bank of the Redwoods in Santa
Rosa, California. He graduated from San Francisco State University
with a Bachelor of Science degree in Business Administration with a
concentration in Accounting. He is also a graduate of Pacifc Coast
Banking School at the University of Washington where he was class
president. Recently, Mr. Beckwith was recognized by the Sacramento
Metro Chamber of Commerce as the Businessman of the Year in 2020,
and he was named among the Most Admired CEOs of 2020 by the
Sacramento Business Journal.
Jack Dalton
Senior Vice President, Chief Credit Ofcer
Mr. Dalton joined Five Star Bank as Senior Vice President and Chief
Credit Ofcer in 2011. He has more than 41 years of experience in the
lending and banking industry. Prior to joining us, Mr. Dalton started his
lending career with the Farm Credit System in 1980 as a Credit Analyst,
then transitioned into roles as a Loan Ofcer, Branch Manager and
Senior Vice President and Senior Lender. In 1991, Mr. Dalton moved to
Stockmans Bank as their Senior Vice President and Chief Credit Ofcer.
Through a merger in 2008, he later served as Senior Vice President and
Region Credit Administrator at PremierWest Bank. Mr. Dalton currently
serves on the Sacramento Metro-PAC board of directors and is a
member of the District 3 Grower Liaison Committee for Blue Diamond.
He is also a member of the Sacramento Sutter Club’s Member Service
Committee. Mr. Dalton serves on the board of Project R.I.D.E., a nonproft
organization based in Elk Grove, California that provides those with
disabilities with therapeutic horseback riding. Mr. Dalton graduated from
California Polytechnic State University, San Luis Obispo, with a Bachelor
of Science degree in Animal Science.
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FIVE STAR BANCORP - Annual Report 2021
Executive Leadership
Mike Lee
Senior Vice President, Chief Regulatory Ofcer
Heather Luck
Senior Vice President, Chief Financial Ofcer
Mr. Lee has served as our Senior Vice President and Chief Regulatory
Ofcer since 2010. He joined us in 2005 as Chief Financial Ofcer after
serving over 14 years with the Federal Deposit Insurance Corporation.
He later transitioned to the position of Chief Credit Ofcer in 2007 and
served in that position until being appointed Chief Regulatory Ofcer in
2010. Mr. Lee graduated from Midwestern State University in Texas with
a Bachelor of Business Administration degree with a concentration in
Economics. He graduated with honors from the Pacifc Coast Banking
School at the University of Washington. He serves on the boards of
directors of the Sacramento Asian Pacifc Chamber of Commerce and the
Sacramento Regional Conservation Corps.
Ms. Luck serves as our Senior Vice President and Chief Financial Ofcer,
a position she has held since February 2021. She frst joined Five Star
Bank in October 2018 as Vice President and Director of Finance. Prior
to this, she was a Manager in Assurance Services for Ernst & Young, LLP
from 2010 through 2017 where she led multiple audit engagements
simultaneously, including coordination with tax, valuation, and other
specialist groups required to achieve audit objectives in accordance
with standards enumerated by the PCAOB and American Institute of
Certifed Public Accountants. Her audit experience at Ernst & Young, LLP
comprised of work within several industries including manufacturing, real
estate, technology, media and entertainment, and telecommunications.
Ms. Luck’s client portfolio included multinational SEC registrants, private
issuers, and sub-orders. She then served as Senior Assistant Controller-
Global Business Units and Mergers & Acquisitions at Oracle from March
2018 until September 2018 where she was responsible for overseeing the
integration of general ledgers of newly acquired entities onto the Oracle
Cloud Platform, which included ensuring compliance with accounting
policies and intercompany eliminations. Ms. Luck earned a Bachelor of
Science degree in Marketing from the University of Utah and earned a
Master of Science degree in Accounting and Finance from the University
of Maryland Global Campus. She is a licensed Certifed Public Accountant
in the state of California and is currently a student at Pacifc Coast
Banking School at the University of Washington.
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FIVE STAR BANCORP - Annual Report 2021 Executive Leadership
Michael Rizzo
Senior Vice President, Chief Banking Ofcer
Mr. Rizzo joined Five Star Bank in 2005 as Senior Vice President and
Business Development Ofcer. He helped establish our business
banking practice and developed commercial real estate loans. He
opened our de novo Rancho Cordova ofce in June 2006. As of January
2017, he serves as our Senior Vice President and Chief Banking Ofcer,
supporting and managing the bank’s team of Business Development
Ofcers. As of January 2021, Mr. Rizzo also oversees our SBA division. He
earned a Bachelor of Science degree in Business Administration with a
concentration in Finance from California State University, Sacramento.
He is also a graduate of Pacifc Coast Banking School at the University of
Washington. Mr. Rizzo currently serves as Board Chair of the American
River Parkway Foundation.
Lydia Ramirez
Senior Vice President, Chief Operations Ofcer & Chief
DE&I Ofcer
Ms. Ramirez serves as Senior Vice President and Chief Operations Ofcer
and Chief DE&I Ofcer, a position she has held since 2021. She previously
served as Senior Vice President and Director of Operations from 2018 to
2021 and as Senior Vice President and Director of Branch Administration
from 2017 to 2018. Ms. Ramirez has over 16 years of experience in
senior-level banking and is skilled in strategic operational processes and
sales management. Before joining us, she served as Vice President and
Multi-Branch Manager at MUFG Union Bank from 2010 to 2017 where
she implemented and steered sales activities, developed a team to act as
trusted client advisors, and provided leadership on operational integrity
and compliance awareness. Ms. Ramirez graduated from the University
of California, Davis, with a Bachelor of Science degree in Psychology and
Bachelor of Arts degree in Spanish. She is a member of the UC Davis
Alumni Association Board. She recently graduated from California State
University, Sacramento, with a Master of Business Administration degree.
Ms. Ramirez is also a graduate of CBA Executive Banking School. She
is the Chair of the board of directors and a member of the executive
committee of the Sacramento Hispanic Chamber of Commerce. She also
serves on the boards of directors of the Sacramento Black Chamber of
Commerce, the Sacramento Food Bank & Family Services, and the North
Natomas Little League.
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FIVE STAR BANCORP - Annual Report 2021 Executive Leadership
Brett Wait
Senior Vice President, Chief Information Ofcer
Shelley Wetton
Senior Vice President, Chief Marketing Ofcer
Mr. Wait frst joined Five Star Bank in 2011 and currently serves as
Senior Vice President and Chief Information Ofcer, a position he has
held since 2018. He has over 15 years of community bank experience
and information technology fuency and served in various roles with
us including Operations Ofcer from 2011 to 2013, Vice President and
Technology & Operations Manager from 2013 to 2015, and Senior Vice
President and Chief Operating Ofcer from 2015 to 2017. He also served
as Chief Information Ofcer of River City Bank from 2017 to 2018 where
he was responsible for overseeing information technology, information
security, and data analytics, before rejoining us in his current position in
2018. Mr. Wait graduated from the University of Wisconsin - Whitewater
with a Bachelor of Business Administration degree in Finance. He also
holds a Master of Business Administration degree from California State
University, Sacramento.
Ms. Wetton has served as Senior Vice President and Chief Marketing
Ofcer, since 2018, after frst joining Five Star Bank in 2015 as Vice
President, Community Relations and Communications. She has 25
years of corporate branding, media relations, and strategic marketing
expertise. She previously served as Vice President of Corporate
Communications at The Buzz Oates Group of Companies where she
worked for Buzz Oates for over 15 years and until his passing in 2013.
She has worked closely with our board of directors since our inception
in 1999. Ms. Wetton is responsible for strategic branding initiatives and
leads all marketing and branding eforts. She is also responsible for
corporate partnerships and corporate giving. Ms. Wetton earned her
Bachelor of Arts and Master of Arts degrees in English from California
State University, Sacramento. She is a graduate of the Sacramento Metro
Chamber Foundation’s 2018 Leadership Sacramento class. She currently
serves on the board of directors of 3Strands Global Foundation. She
recently served on the Board of Trustees of the Leukemia & Lymphoma
Society from 2017 to 2020.
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FIVE STAR BANCORP - Annual Report 2021
Board of Directors
Board of Directors
David J. Lucchetti, Chairperson of the Board
Mr. Lucchetti serves as Chairperson of the board of directors, a position he has held since May of 2019. Mr. Lucchetti
currently serves as the Executive Chairman of the board of directors of Pacifc Coast Building Products, Inc. He also
previously served as the President and Chief Executive Ofcer of Pacifc Coast Building Products, Inc., from 1979
and 1988, respectively, until his retirement in 2021, after originally joining the company in 1970. Mr. Lucchetti also
serves on the board of directors and executive committee of the Greater Sacramento Economic Council. He has
been a member of the California State University Sacramento Business Advisory Board and a member of the boards
of trustees of the Sacramento Regional Foundation and Sacramento Neighborhood Housing Service. He previously
served as a gubernatorial appointee to the Contractors State License Board. He has also previously served on
numerous charitable foundations. Mr. Lucchetti is a member of the Governance and Nominating Committee.
David F. Nickum, Vice Chairperson of the Board
Mr. Nickum serves as Vice Chairperson of the board of directors, a position he has held since May of 2019. Since
2010, Mr. Nickum has served as Owner and President of Waveco, Inc. d.b.a. Valley Farm Transport, Inc., one of the
largest agricultural trucking companies in the United States, after being employed there in various capacities since
1988. Mr. Nickum is a past chairperson of Make-A-Wish Foundation of Northeastern and Central California and
Northern Nevada, a former board member of St. Michael’s Episcopal Day School, and a past board member of Tesco
Controls, Inc. Mr. Nickum is also a member of Cal Poly College of Agriculture, Food, and Environmental Sciences’
Dean’s Advisory Council.
Larry Allbaugh, Board Member
Mr. Allbaugh has served as an executive of Buzz Oates Commercial Real Estate since 1990, serving as Chief
Executive Ofcer for the past eleven years. Mr. Allbaugh serves on the board of directors of Teichert Inc. and serves
as Chair of its Audit Committee. He also serves on the boards of directors of the Greater Sacramento Economic
Council as its Vice Chair and the Marvin Buzz Oates Charitable Foundation as a founding director. He is active in
multiple charitable and faith-based activities locally and internationally. Mr. Allbaugh is the Chairperson of the
Governance and Nominating Committee.
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FIVE STAR BANCORP - Annual Report 2021
Board of Directors
James Beckwith, President, Chief Executive Ofcer and Board Member
With nearly 30 years of experience, Mr. Beckwith serves as our President and Chief Executive Ofcer and is a
member of our board of directors. Mr. Beckwith joined Five Star Bank in 2003. He is deeply connected to the
Sacramento community and has chaired several community-based organizations which include the Sacramento
Metro Chamber of Commerce, Valley Vision, and KVIE (the local PBS afliate). Mr. Beckwith is currently the Chair of
the Western Bankers Association, a Private Sector Director with the Greater Sacramento Economic Council, and a
member of the Sacramento State University College of Business Advisory Council. Mr. Beckwith previously served
as Chief Financial Ofcer and Chief Operating Ofcer of National Bank of the Redwoods in Santa Rosa, California. He
graduated from San Francisco State University with a Bachelor of Science degree in Business Administration with a
concentration in Accounting. He is also a graduate of Pacifc Coast Banking School at the University of Washington
where he was class president. Recently, Mr. Beckwith was recognized by the Sacramento Metro Chamber of
Commerce as the Businessman of the Year in 2020, and he was named among the Most Admired CEOs of 2020 by
the Sacramento Business Journal.
Michael Campbell, Board Member
Mr. Campbell served as a Partner at Ernst & Young, LLP, an international accounting frm, in the Seattle, Washington
ofce from 1971 to 1994. From 1994 to 2004, Mr. Campbell served as Chief Financial Ofcer at Surewest
Communications (Nasdaq: SURW), a publicly traded telecommunications company, directing all accounting,
fnance, audit, regulatory, external afairs, investor relations, human resources and administrative service functions
for the corporation and each of its subsidiaries. He then served as Chief Executive Ofcer of the California Trucking
Association from 2005 until his retirement in 2013.
Shannon Deary-Bell, Board Member
Ms. Deary-Bell serves as President and Chief Executive Ofcer of Nor-Cal Beverage, a position she has held since
2010. She has held several positions in her more than 30 years of service at Nor-Cal Beverage, including positions
in the food service and vending divisions, Assistant Manager of the Sacramento Vending Department, Branch
Manager of the Stockton facility, and Executive Vice President of Operations. Ms. Deary-Bell has been an active
member of the Women Business Leaders of Sacramento since 2015, a member of the Sacramento Host Committee,
and a member of Vistage, a CEO coaching and peer advisory organization, since 2013. Ms. Deary-Bell serves on the
board of directors of Nor-Cal Beverage and served on the Jesuit High School board of directors for six years. Ms.
Deary-Bell is a member of the Governance and Nominating Committee.
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FIVE STAR BANCORP - Annual Report 2021 Board of Directors
Warren Kashiwagi, Board Member
Mr. Kashiwagi has over 40 years of professional public accounting experience. A retired certifed public accountant,
he has advised, counseled, and represented various businesses in tax planning and compliance, business
succession planning, strategic planning, and merger and acquisition consulting. From 2011 to 2017, Mr. Kashiwagi
was a tax partner with Crowe Horwath, LLP. Prior to that role, he was a tax partner with Perry-Smith LLP from
1988 to 2011. Mr. Kashiwagi has served on the boards of directors of the Sacramento Metropolitan Chamber
of Commerce, the California Asian Pacifc Chamber of Commerce, the Los Rios Colleges Foundation, and the
Crocker Art Museum. He also served as Board Chair of Sutter Community Hospitals and as Board President of the
Sacramento Japanese American Citizens League. Mr. Kashiwagi is a member of the Audit Committee.
Donna Lucas, Board Member
Ms. Lucas has been the President and Chief Executive Ofcer of Lucas Public Afairs since its opening in 2006. Ms.
Lucas served as Deputy Chief of Staf for strategic planning and initiatives for Governor Arnold Schwarzenegger
and Chief of Staf for First Lady Maria Shriver. Ms. Lucas was also the Deputy Press Secretary for Governor George
Deukmejian, Deputy Treasurer for State Treasurer Tom Hayes, and California Press Secretary for the 1988 presidential
campaign of then-Vice President George H.W. Bush. Ms. Lucas is a past Chair of the California Chamber of
Commerce board of directors and the Maria Shriver’s Women’s Alzheimer’s Movement. She serves as the chair
of the College Futures Foundation and is on the boards of directors of the Scripps Institution of Oceanography
and John Burton Advocates for Youth. Ms. Lucas is also a member of the Statewide Leadership Council of the
Public Policy Institute of California (PPIC) and was on the PPIC’s board of directors from 2007 to 2019, chairing the
Board from 2013 to 2016. Ms. Lucas is a founding member of She Shares, a unique conversation series featuring
trailblazing women leaders who have created a lasting impact on women in California and beyond. She was
named by the Sacramento Metro Chamber of Commerce as the Sacramento Businesswoman of the Year in 2018.
Robert T. Perry-Smith, Board Member
Mr. Perry-Smith founded and served as Chief Executive Ofcer of Perry-Smith LLP, an accounting and consulting
frm that provided professional services to the banking industry, primarily in California. Upon his retirement in
2013, Mr. Perry-Smith concluded his 40-year career as a certifed public accountant at both the national and
regional levels, where he provided a number of professional services to the banking industry, specializing in
audits, regulatory compliance, capital structures, and merger and acquisition services. Mr. Perry-Smith has been a
frequent speaker at banking industry conferences and trade association meetings, including the Western Bankers
Association. He is a member of the American Institute of Certifed Public Accountants and the California Society of
Certifed Public Accountants. Mr. Perry-Smith has served on the board of directors of Presidio Bank, Sierra Vista Bank
(as Chairman), and the Perry-Smith Foundation. Mr. Perry-Smith is the Chairperson of the Audit Committee and a
member of the Compensation Committee.
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FIVE STAR BANCORP - Annual Report 2021 Board of Directors
Kevin Ramos, Board Member
Mr. Ramos is the Chief Investment Ofcer of Buzz Oates Commercial Real Estate, a position he has held since 1995,
and Investment Committee Chairman of Pac West Industrial Equities, LP, a position he has held since 2017. He
has 35 years of experience in the commercial real estate industry with specifc experience in fnance, entitlement,
development, leasing, property management, investment, and asset management. He also currently serves on the
board of directors of Saint John’s Program for Change and the Sacramento chapter of NAIOP, a national commercial
real estate association. Mr. Ramos is a member of the Compensation Committee.
Randall Reynoso, Board Member
Mr. Reynoso has 40 years of banking experience, including serving as Executive Vice President of Wells Fargo Bank
from 2007 until his retirement in 2020, leading the bank’s Business Banking for the San Francisco Bay Area and
investor real estate for the nation and serving as Middle Market Banking Leader for Northern California. Prior to
this, Mr. Reynoso served as President and Chief Operating Ofcer, and on the boards of directors, of both Placer
Sierra Bancshares and Placer Sierra Bank. Additionally, Mr. Reynoso was instrumental in taking Placer Sierra Bank
public in 2004 as well as facilitating the sale of the bank to Wells Fargo Bank in June 2007. A native of Sacramento,
Mr. Reynoso has held leadership roles with numerous Northern California philanthropic organizations, including
the San Francisco Opera Association, the San Francisco Travel Association, and the Zuckerberg San Francisco
General Hospital. Past service includes leadership roles with the Sacramento Hispanic Chamber of Commerce, the
Stanford Home for Children, the Mondavi Center for the Performing Arts, KVIE, the Nonproft Resource Center, and
Naturebridge. Mr. Reynoso is a member of the Audit Committee.
Judson Riggs, Board Member
Mr. Riggs is the Chief Executive Ofcer and Chairman of Teichert Inc., positions he has held since 2003 and 2010,
respectively. Mr. Riggs serves on the boards of directors of Teichert Inc., the Greater Sacramento Economic Council,
the Host Committee, the Dean’s Advisory Council of the Graduate School of Management at University of California,
Davis, and the Juvenile Justice Chaplaincy, and is the Vice Chair of the board of directors and Chair of the Finance
Committee of PRIDE Industries. Mr. Riggs is the Chairperson of the Compensation Committee.
Leigh White, Board Member
Ms. White has over 30 years of experience in key positions in television broadcast management throughout
the United States. From 2015 to 2020, Ms. White served as Vice President and General Manager of KTXL-TV in
Sacramento, California (FOX, Tribune Broadcasting). In February of 2022, Ms. White joined Vydiant, Inc., as Chief
Revenue Ofcer. Ms. White recently completed service as Board Chair of the Sacramento Metro Chamber of
Commerce. In addition, she is a member of the Salvation Army board of directors and past Chair of its Public
Relations/Marketing Committee. Ms. White recently joined the Capital City Airshow Board as Director. She is a
graduate of the University of Minnesota with a Bachelor of Science degree in Applied Studies/Communications.
She is also a graduate of Leadership Sacramento and Leadership Knoxville. She most recently graduated from the
Saïd School of Business Digital Disruption Program at the University of Oxford in Oxford, England. She is currently
pursuing her MBA in Finance at Louisiana State University.
Retired: Phil Jofe, Retired 12/31/2021
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FIVE STAR BANCORP - Annual Report 2021
CORE VALUES
W e f o s t e r a s e n s e o f u r g e n c y t o w a r d
t h o u g h t f u l a c t i o n .
W e h i r e , r e t a i n a n d d e v e l o p
c u s t o m e r - c e n t r i c t a l e n t .
W e c r e a t e a c u l t u r e o f b e l o n g i n g
a n d e n g a g e m e n t t h r o u g h a d i v e r s e
a n d i n c l u s i v e w o r k f o r c e .
W e e n g a g e w i t h o u r c o m m u n i t y f o r m u t u a l
s u c c e s s t h r o u g h r e p r e s e n t a t i o n , i n n o v a t i o n
a n d i n v e s t m e n t .
W e f u l f i l l c o m m i t m e n t s a s p r o m i s e d , o n t i m e
a n d w i t h t h e h i g h e s t s t a n d a r d s .
W e s e r v e c u s t o m e r s a n d c o l l e a g u e s w i t h
p r o f e s s i o n a l i s m a n d r e s p e c t .
101
FIVE STAR BANCORP - Annual Report 2021 LOC ATIONS
Chico Office
Natomas Office
Roseville Office
1370 E. Lassen Avenue, Suite 100
2400 Del Paso Road, Suite 100
2240 Douglas Boulevard, Suite 100
Chico, CA 95973
530.924.5121
Sacramento, CA 95834
916.640.1500
Roseville, CA 95661
916.626.5000
Downtown Sacramento Office (LPO)
Rancho Cordova Office
Santa Rosa Office (LPO)
555 Capitol Mall, Suite 985
3100 Zinfandel Drive, Suite 100
250 D Street, Suite 202
Sacramento, CA 95814
Rancho Cordova, CA 95670
Santa Rosa, CA 95404
916.306.1655
916.851.5440
707.292.0892
Elk Grove Office
Redding Office
Yuba City Office
9250 Laguna Springs Drive, Suite 102
358 Hartnell Avenue, Suite B
855 Harter Pkwy, Suite 350B
Elk Grove, CA 95785
916.714.2444
Redding, CA 96002
530.223.6652
Yuba City, CA 95993
530.431.0950
2240 Douglas Blvd, Suite 100
Roseville, CA 95661
T: 916.626.5000
www.fivestarbank.com
Five Star Bancorp maintains a healthy, sustainable environment
through the responsible use of renewable resources.
Printed on Forest Stewardship Council certifed paper.
The FSC®’s mission is to promote environmentally
sound, socially benefcial and economically prosperous
management of the world’s forests.