Company Profile
- Five Star Bancorp (NASDAQ: FSBC) (“the company”) is a $4.4 billion-asset bank holding company headquartered in Rancho Cordova, CA, which, through its lead subsidiary, Five Star Bank (“the bank”), is a key player in the manufactured housing community (MHC) lending space. Founded in 1999, FSBC has an eight-branch footprint with two non-depository offices (with a full service office opening in Walnut Creek in 3Q25). In 2021, the company converted to a publicly traded C corporation from a private S corporation via an IPO that raised $111.2 million in common equity. More recently, in 2Q24, FSBC issued an additional $80.9 million of common stock to further support its 100% organic growth since its founding.
- FSBC is a commercial real estate-focused institution with ~82% of the loan portfolio comprised of CRE loans, of which nearly 45% are concentrated in MHC/RV park loans, as of 2Q25. The remainder of the loan portfolio is comprised of commercial secured loans…
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