Five Star Bancorp (FSBC) IPO Opens 16% Higher

Today's IPO for Five Star Bancorp (NASDAQ: FSBC) opened for trading at $23.25 after pricing 5,265,000 shares of its common stock, at a public offering price of $20.00 per share.

Keefe, Bruyette & Woods, Inc. is acting as bookrunner for the offering. Stephens Inc. and D.A. Davidson & Co. are acting as co-managers.

Five 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.

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