The New York community bank cited the contribution of BaaS to its core financial results, evolving regulatory expectations, ...

The bank cited regulators’ changing expectations. Banking-as-a-service accounts for 2% of Five Star’s deposits and less than 1% of its loans and two of its 12 clients have already begun offboarding, ...

The bank had hoped BaaS would serve as a supplemental income stream. Five Star Bank is ending its experiment with Banking-as-a-Service and plans to wind down all of its existing fintech ...

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The parent company for Five Star Bank in Warsaw, New York, is winding down its modest banking-as-a-service business. On Monday, Financial Institutions Inc., which has $6.1 billion of assets and is ...