The bank had hoped BaaS would serve ... talks strategy behind reorganization and layoffs Five Star Bank debuts new small business lending and payment options Five Star Bank debuts new small ...

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 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 ...

The bank has made significant strides in expanding its team, hiring 22 Bay Area banking professionals since 2023. This move underscores the company's commitment to bringing personalized, concierge ...