Five Star Bank is headquartered in Warsaw and is the 26th largest bank in the state of New York. It is also the 260th largest bank in the nation. It was established in 1881 and as of March of 2017, it had grown to 572 employees at 53 locations. Five Star Bank has an A health rating.
A few years back another local chain of banks I was with transferred hands. At first I was leery with a bank change that was out of my control, as has happened in the past, but Five Star was a seemless transition. I received my new information (bank cards/checks along with a welcome package) about a month before the transition to my new bank to ease the tension and frustration of having my hands tied during the change. Once everything was set up and rolling with Five Star, I can honestly say the past few years I've been with them has been overall a great experience. I get my non Five Star ATM withdrawl feels waived monthly just for having a direct deposit set up to my account. Their online banking platform has steadily improved for being a local bank, their app is easy to use, up to date, and very functional. I enjoy the ability like many other large retailers have now, to be able to take aphoto of my check and deposit it to my account straight from the app in the comfort of my own home.
Once I was the victim of fraud as my credit card information was taken and was being used to purchase large items online, it took ONE purchase in a different state of this magnitude for Five Star to hold my card transactions, call me immediately and discuss what happened. Although this was a scary moment, and very frustrating, Five Star sent out a new card right away and in two days I was back to my normal banking. Again, Five Star has been absolutely wonderful since the transition and continued into my normal every day banking. I would reccomend them to anyone looking for a local place to bank with in NY state.
|FDIC Certificate #||659|
|Return on Assets - YTD||0.89%|
|Return on Equity - YTD||10.39%|
|Annual Interest Income||$30.8MM|
|Assets and Liabilities|
|Assets||Q1 2017vs Q1 2016||$3.83B$3.48B|
|Loans||Q1 2017vs Q1 2016||$2.37B$2.09B|
|Deposits||Q1 2017vs Q1 2016||$3.18B$2.98B|
|Equity Capital||Q1 2017vs Q1 2016||$324.6MM$314.2MM|
|Loan Loss Allowance||Q1 2017vs Q1 2016||$31.1MM$27.6MM|
|Unbacked Noncurrent Loans||Q1 2017vs Q1 2016||$5.7MM$4.6MM|
|Real Estate Owned||Q1 2017vs Q1 2016||$58.00K$187.00K|
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|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|2.00%||$500||-||8 Month CD Special - New Money|