Five Star Bancorp Bolsters Bay Area Presence with Key Executive Hires and Expansion Plans

Five Star Bancorp Bolsters Bay Area Presence with Key Executive Hires and Expansion Plans 2 - Five Star Bancorp Bolsters Bay Area Presence with Key Executive Hires and Expansion Plans Five Star Bancorp Bolsters Bay Area Presence with Key Executive Hires and Expansion Plans 2 - Five Star Bancorp Bolsters Bay Area Presence with Key Executive Hires and Expansion Plans
RANCHO CORDOVA, Calif., July 17, 2024 (GLOBE NEWSWIRE) — Five Star Bancorp announced the hiring of Jeff Winkel as Senior Vice President / Managing Director and the promotion of Reagan Ballo to Vice President / Managing Director of Government Banking. Both appointments are part of the Company’s strategy to expand its presence in the San Francisco Bay Area. The bank plans to open a new full-service office at 345 California Street in San Francisco in the upcoming quarter. James Beckwith, President and CEO of Five Star Bank, expressed enthusiasm about the new hires, highlighting Winkel’s extensive experience in the non-profit sector, emphasizing the Company’s commitment to driving growth in the Bay Area.

With the appointment of Jeff Winkel, a commercial banking expert with a long history in the San Francisco Bay Area, Five Star Bank aims to fill the void left by other banking institutions in the region. Winkel’s background at First Republic Bank and Flagstar Bank positions him well to strengthen Five Star’s outreach to the non-profit community. Additionally, the promotion of Reagan Ballo to lead the government banking division signifies the bank’s dedication to serving public entities and expanding its footprint in the greater Bay Area market. Five Star Bank’s investment in these seasoned talents underscores its commitment to offering personalized and community-oriented banking solutions in Northern California.

Five Star Bancorp, headquartered in Rancho Cordova, California, operates through its subsidiary, Five Star Bank, with seven branches across Northern California. The Company’s forward-looking expansion strategy includes the appointment of key personnel such as Jeff Winkel and Reagan Ballo, who bring in-depth industry knowledge and a track record of success. By focusing on tailored banking services and community engagement, Five Star Bank aims to address the evolving financial needs of businesses and organizations in the San Francisco Bay Area while solidifying its position as a trusted banking partner in the region.

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