As we look forward to 2025, I would like to thank you for the opportunity to be your financial partner. Whether you have been our customer for a month or a lifetime, we consider it a privilege to serve you. We take great pride in our role as a source of strength and stability for individuals, families, businesses, non-profits and municipalities in our communities. Earning your business and your trust is why our community bank exists, and it is what motivates our team of nearly 600 associates every day.
Connecting with our Communities
During 2024, we remained focused on helping you – our valued customers – achieve your financial goals. We were proud to contribute to robust and vibrant local economies and to help meet the deposit and credit needs of markets across our entire footprint. Our grant funding supported incredible organizations that are working hard to address the unique and urgent challenges our communities may face. And, our associates volunteered more than 5,000 hours at over 150 organizations this past year. I invite you to read our 2024 Community Report, which reflects on these contributions and the deep connections we’ve built with our communities, and the customers, neighbors, partners and colleagues who call them home.
Staying True to our Roots
Our community banking roots have supported us for more than two centuries and this past year we took steps to further strengthen them. Throughout 2024, we took strategic measures to simplify our business to focus on our core community bank franchise and the services our customers need and trust us for most – relationship-based community banking and value-adding wealth management expertise. Today, Five Star Bank has more than $6 billion in assets, while our wealth management affiliate Courier Capital has approximately $3 billion in assets under management, giving us size and scale that are unique for a community bank in our markets. [1]
Positioned for Greater Success
We closed 2024 with a successful capital raise that supports our continued growth, providing us with even stronger footing and capacity to serve customers like you. We see very strong organic growth opportunities in our core community banking franchise and existing markets and are excited for what lies ahead.
Amid a challenging operating environment that persisted through much of 2024, I’m incredibly proud of our team of nearly 600 associates and all that they accomplished. I’m grateful to call them my colleagues and know that they share my gratitude for your business and partnership, as well. Best wishes for joy and prosperity in 2025. I look forward to all that we will accomplish together. Thank you.
President and Chief Executive Officer
[1] Total assets and AUM as of September 30, 2024.
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