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

The parent company for Five Star Bank in Warsaw, New York ... This decision took several factors into account including "the contribution of BaaS to our core financial results, evolving regulatory ...

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, ...

Five Star Bank is ending a three-year experiment that leaders had hoped would serve as a supplemental income stream for the bank.

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 ...