FSBC - Five Star Bancorp invests in San Francisco Bay Area expansion strategy by hiring and promoting seasoned talent | Benzinga
RANCHO CORDOVA, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (NASDAQ:FSBC) ("Five Star" or the "Company") announced the hiring of seasoned commercial banking professional, Jeff Winkel, as Senior Vice President / Managing Director, and the promotion of Reagan Ballo to Vice President / Managing Director of Government Banking, both of whom will advance the Company's expansion strategy in the San Francisco Bay Area. The Company expects to open a full-service office at 345 California Street, San Francisco, in the third quarter of 2024.
"We are very pleased to welcome Jeff, a fourth generation San Franciscan and a highly experienced professional, who we believe will enhance our expansion efforts in the Bay Area, and especially, the non-profit community," said Five Star Bank President and Chief Executive Officer, James Beckwith. "We are also pleased Reagan has been promoted to expand upon Five Star's outreach efforts to special districts in the greater San Francisco Bay Area. We have gained considerable traction in onboarding new Bay Area clients who have learned about our extensive high-tech and high-touch business banking capabilities and we look forward to Jeff and Reagan introducing new clients to our organization."
"Five Star Bank is closing the gap in San Francisco commercial banking left from the Silicon Valley Bank and First Republic Bank failures," said Five Star Bank San Francisco Bay Area President, DJ Kurtze. "The Bay Area community has been seeking a Northern California bank that provides a highly personalized concierge banking experience – and Five Star has answered the call. Jeff was a Senior Managing Director at First Republic Bank for over 23 years and is extremely committed to the San Francisco Bay Area community. Our clients in the non-profit sector can count on him to listen to and support their interests, which we expect will benefit the communities we serve. Similarly, Reagan has been serving public entities and their critical ...