Episode 32: The Growth of Five Star Bank is Commitment to the Community.

Bite Sized Finance

Get ready to rethink your understanding of banking and business growth with James Beckwith, the dynamic CEO of Five Star Bank. Discover how James's journey from a modest beginning in Santa Rosa to a respected figure in the banking world can inspire your own career path. From his early education at Santa Rosa Junior College to his transformative experiences at San Francisco State University and Touche Ross (now Deloitte), James unveils the milestones and mentors that sparked his passion for banking that ultimately led him to where he is today. Learn the strategic intricacies behind transitioning a bank from a sub-chapter S corporation to a publicly traded entity. James offers a candid look at the monumental decision to go public, driven by the need for additional capital during rapid growth phases, especially post-PPP loans. Hear about the operational impacts of this shift, including the inevitable compliance costs and the invaluable benefits of engaging with public market investors. James's narrative on running a publicly traded bank reveals the rewarding experiences of sharing the bank's story with a broader audience and the newfound liquidity it offers shareholders. James also shares his vision for Five Star Bank's future as he discusses the bank's significant expansion into San Francisco amidst the collapse of several banks in 2023. He explains the impact of remote work on commercial real estate and the unique challenges and opportunities this presents. Additionally, James emphasizes the profound connection between business success and community engagement, sharing heartfelt anecdotes of his philanthropic efforts. His advice to young professionals focuses on following one's passions, continuous learning, and adapting to new work environments. These are the word of wisdom from a leader who seamlessly blends business acumen with community spirit. To learn more about Five Star Bank, visit: https://www.fivestarbank.com/ For more information on what we provide at CAPTRUST visit www.captrust.com. You can contact me, Kelly Brothers, through the show at: [e-mail] To reach me at CAPTRUST visit www.captrust.com/locations/sacramento-ca/ Episode Highlights (00:36 - 01:46) Early Interest in Business and Finance (11:17 - 14:49) Founding and Future of Five Star (20:41 - 22:30) Running a Publicly Traded Bank (27:29 - 28:28) Regional Business Connection (30:15 - 30:56) Impact of Engagement on Businesses (34:09 - 35:29) Entrepreneurial Growth in Capital Region (39:29 - 40:42) Community Engagement and Social Networks (45:17 - 46:29) Generational Responsibility and Resilience Chapter Summaries (00:00) Banking Career Journey With James Beckwith James Beckwith's journey from Santa Rosa Junior College to CEO of Five Star Bank, shaped by mentors and experiences in the banking industry. (16:44) Transitioning to Publicly Traded Bank Transitioning from sub-chapter S to publicly traded bank for capital, liquidity, compliance, and engaging with investors. (22:30) Growth and Outlook in Northern California Five Star Bank's growth and expansion, led by CEO James, from subchapter S to publicly traded entity, with $3.6 billion in assets and seven offices. (35:29) Building Businesses Through Philanthropy and Engagement CEO James Beckwith discusses the symbiotic relationship between business success, community engagement, and personal fulfillment through philanthropy.