Asset Manager

Updated:

Five Star Bancorp

James Beckwith has led Five Star Bancorp in Rancho Cordova since 1999, taking it public in 2021.

Five Star Bancorp

Five Star Bancorp was founded in 1999 in Rancho Cordova, California, with James Beckwith as President and CEO from inception. The company operates through its wholly owned subsidiary, Five Star Bank, providing relationship-based banking services to small businesses, professionals, and individuals. Its wealth-creation mechanics are tied to the bank's balance sheet and lending operation, not a family fortune — it is a publicly traded commercial bank, not a family office. The bank's strategy centers on direct commercial real estate lending and commercial and industrial loans, funded predominantly by core deposits from local businesses. Its loan portfolio is concentrated in multifamily, office, industrial, and retail properties across Northern California's Greater Sacramento region. Confirmed lending verticals include SBA 7(a) and 504 loan programs, positioning the bank as a preferred originator for small-business acquisitions and owner-occupied real estate (per SEC filings, 2023). The deposit base is granular, with a weighted emphasis on non-interest-bearing demand accounts from commercial clients. Five Star Bancorp completed its Nasdaq listing in May 2021 under the ticker FSBC, raising approximately $105 million in an upsized IPO. As of March 2025, the bank reported roughly $3.6 billion in total assets with seven full-service branches, all in the Sacramento metropolitan area. The bank does not operate adjacent private investment vehicles, venture arms, or philanthropic foundations at a disclosed scale that would represent a structural differentiator from other community banks. The bank's structural differentiator is its decision to remain independent and publicly traded while most community banks of its size consolidate. Its governance is a standard bank holding company structure with an elected board and SEC reporting obligations. No external manager, family office overlay, or co-investment club architecture applies — it is a federally regulated depository institution deploying capital via its own credit committee.

General information

Firm type

Asset Manager

Year founded

1999

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Rancho Cordova

Corporate office

Rancho Cordova, CA, United States

Principals

James Beckwith

President and Chief Executive Officer

Sector focus

Real EstatePrivate Credit

Frequently asked questions

What is Five Star Bancorp's primary business?

Five Star Bancorp is a bank holding company whose principal subsidiary, Five Star Bank, provides commercial banking services. It originates commercial real estate loans, commercial and industrial loans, and SBA-guaranteed loans, funded by depositors in the Sacramento, California region. The bank does not operate as a private investment firm or family office.

Is Five Star Bancorp a family office or a public company?

It is a public company. Five Star Bancorp trades on the Nasdaq under the symbol FSBC, having completed its initial public offering in May 2021. The firm is a regulated bank holding company overseen by the Federal Reserve and the FDIC, with quarterly and annual reporting obligations under the Securities Exchange Act.

How does Five Star Bancorp source its lending opportunities?

The bank sources loans through a branch-based relationship model concentrated in Northern California's Sacramento Valley. Its commercial lending teams operate out of seven full-service branches, targeting small and mid-sized businesses. The bank also participates in SBA lending programs, which serve as a distinct origination channel for business acquisition and owner-occupied real estate financing.

Does Five Star Bancorp invest in venture capital or private equity?

No. Five Star Bancorp does not engage in venture capital or private equity investment. Its capital is deployed solely through traditional commercial banking products — loans, credit facilities, and a securities portfolio held for liquidity and interest rate management purposes.

What is the geographic footprint of Five Star Bancorp?

The entire operation is anchored in the Greater Sacramento region of Northern California. As of early 2025, all seven branches were located in Sacramento County and adjacent areas. The bank does not operate offices in other states or maintain an international presence.

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