GlobeNewswire Inc | Jan 21, 2022 11:43AM EST

January 21, 2022

RANCHO CORDOVA, Calif., Jan. 21, 2022 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (Five Star or the Company) announced today the declaration of a cash dividend of $0.15 per share on the Companys voting common stock. The dividend is expected to be paid on February 14, 2022, to shareholders of record as of February 7, 2022.

About Five Star BankFive Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. Five Star has seven branches and two loan production offices throughout Northern California.

Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of the Companys beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as may, could, should, will, would, believe, anticipate, estimate, expect, aim, intend, plan or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Companys expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Companys control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Companys control) and are subject to risks and uncertainties, which change over time, and other factors which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Companys forward-looking information and statements proves incorrect, then the Companys actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Companys forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 under the section entitled Risk Factors, and other documents filed by the Company with the Securities and Exchange Commission from time to time.

The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

Media Contact:

Heather Luck, CFOFive Star Bancorphluck@fivestarbank.com916.626.5008

Shelley Wetton, CMOFive Star Bancorpswetton@fivestarbank.com916.284.7827