FIVE STAR BANCORP Business Summary

Five Star Bancorp (FSBC) operates as the holding company for Five Star Bank, a California-chartered business bank that generates revenue primarily through net interest income from its commercial loan portfolio and non-interest income from treasury and service fees. The company’s business model is centered on specialized lending segments, including commercial real estate (CRE)—which constitutes over 80% of its loan concentration—as well as agribusiness, manufactured housing, RV/self-storage, and venture banking. FSBC utilizes a "high-tech, high-touch" relationship-driven strategy to target small-to-medium enterprises (SMEs) and professionals across Northern California and the San Francisco Bay Area. Direct competitors include Ameris Bancorp (ABCB), First Busey (BUSE), and Cathay General Bancorp (CATY); FSBC distinguishes itself through superior efficiency ratios and a disciplined, regional focus that prioritizes organic balance sheet growth over broad geographic diversification. Established in 1999 by prominent real estate developers Buzz Oates and Frank Ramos, the company is led by President and CEO James Beckwith, a seasoned executive with over 30 years of experience who has steered the bank’s growth since 2003 and previously served as Chair of the California Bankers Association. The senior leadership team includes Executive Vice President and CFO Heather Luck, who manages the firm’s capital strategy and financial reporting, and Executive Vice President and Chief Banking Officer Michael Rizzo. The board is chaired by Robert Perry-Smith and includes notable members such as Larry Allbaugh, CEO of Buzz Oates, and Donna Lucas. FSBC maintains a strong institutional investor base, with significant holdings from T. Rowe Price, Davis Asset Management, and BlackRock, reflecting market confidence in its strategic expansion and consistent profitability metrics.