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5Star Bank

Popular Accounts at this Bank

1.60%5-year CD5 Year CD
2.00%Reward CheckingKasasa Cash Checking
0.75%Reward SavingsKasasa Saver

Overview / Commentary
Peterson Air Force Base, 455 W. Paine St., Bldg. 1485
Colorado Springs, CO 80914

5Star Bank is headquartered in Colorado Springs and is the 51st largest bank in the state of Colorado. It is also the 3,594th largest bank in the nation. It was established in 1980 and as of June of 2016, it had grown to 33 employees at 4 locations. 5Star Bank's CD rates are 11% higher than the national average, and it has a B+ health rating.

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Reviews (2)

Nasty And Incompetent Bank

Posted by: Saver4321 | Jul 5, 2016

I opened one of their Kasasa Cash rewards checking accounts this spring, 2016. WARNING: If you want a straightforward, competent bank to deal with, this is NOT the bank for you. Less than 60 days after opening the account and receiving their debt card, they closed the account without any warning at all. They converted it to a no-interest checking account and didn’t even notify me of this account closing until after the change had occurred. They will close your rewards checking account very quickly if they don’t see an almost immediate high dollar volume of charges on your Kasasa rewards account, even if you make the required 12 debit card transactions per statement cycle.

During the brief time the account was open, they never successfully enrolled me in electronic statements in spite of my many phone calls requesting that they fix the problems with their banking systems. Further, they made 3 errors in computing interest on my rewards checking account in only 2 statement cycles! They are incompetent bankers with no intention of dealing honestly with their customers, in my opinion. Don’t waste your time trying to bank here.

Fake Incompetent 0STAR Bank

This is the worst incompetent and fishy organization I have dealt with, and a complete waste of time!
Vice pres. Shirley Peterson is completely dense, and she is a liar that should not get trusted! She sent me DocuSign links to attach documents, and after I submitted the documents and finished it, I did not hear back from them. I had to keep contacting them and tell them that my documents were submitted. While I was in touch with them to work out their problem, they told me they cancelled my application and I should start over!
I wasted more time reapplying and submitting my documents with confirmation two more times, just so that they claim they didn’t receive them. I had confirmation (other banks had received my documents through DocuSign) , and sent them screenshots of the attached documents, they still ignored the documents and told me to email them my ID, despite being unsafe. Reluctantly I trusted them and sent them my ID one more time through email, just to hear from Shirley Peterson that she cancelled my application because she didn’t like that she got my ID in email (which she asked for) while being unapologetic about her incompetence!
Stay away from these shams!


Health Grade Components

FDIC Certificate #91005
Year Established1980
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD9.17%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$148.2MM$149.0MM
LoansQ2 2016vs Q2 2015$122.8MM$110.8MM
DepositsQ2 2016vs Q2 2015$131.5MM$132.9MM
Equity CapitalQ2 2016vs Q2 2015$16.3MM$14.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$867.00K$173.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$657.00K$680.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

5Star Bank Savings Account Rates

0.75%*-$50kKasasa Saver
OTHER TIERS: 0.15% $50k+

5Star Bank Money Market Rates

0.30%*$250k*-Money Market
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

5Star Bank Checking Account Rates

2.00%*-$25kKasasa Cash Checking
OTHER TIERS: 0.15% $25k+

5Star Bank CD Rates

1.65%$1k$250k4 Year CD Special
1.60%$1k-5 Year CD
1.50%$1k-4 Year CD
1.40%$1k-3 Year CD
1.30%$1k-30 Month CD
1.20%$1k-2 Year CD
1.00%$1k-18 Month CD
1.00%$1k$250k1 Year CD Special
0.85%$1k-1 Year CD
0.45%$1k-6 Month CD

5Star Bank IRA Rates

1.65%$1k$250k4 Year IRA Special
1.60%$1k-5 Year IRA
1.50%$1k-4 Year IRA
1.40%$1k-3 Year IRA
1.30%$1k-30 Month IRA
1.20%$1k-2 Year IRA
1.17%$250-60 Month Variable IRA
1.00%$1k-18 Month IRA
1.00%$1k$250k1 Year IRA Special
0.88%$250-36 Month Variable IRA
0.85%$1k-1 Year IRA
0.76%$250-24 Month Variable IRA

5Star Bank Locations
5 Star Bank - Downtown Branch101 S. Sahwatch, Suite 100Colorado Springs, CO 80903
5star Bank10989 New Allegiance DriveColorado Springs, CO 80921
5star BankPeterson Air Force Base, 455 W. Paine St., Bldg. 1485Colorado Springs, CO 80914