Tag Archives: Five Star Bank

Digital banking blooms, but in-person interaction still important (access required)

Birmingham

Interest in in-person banking had already been declining in recent years and those in the industry expect the restrictions imposed by COVID-19 to shift more people to online banking services even after things go back to normal. They stress, however, ...

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Local banks well stocked to survive, back up customers

cash-coin-coins-money-economy

Banks might want to tweak Arby’s catch phrase. Instead of “We have the meats,” they could be spreading their message of calm in the face of  COVID-19-related economic downturn by saying “We have the money.”  While other companies were announcing ...

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ESL’s Masood named to Federal Reserve’s advisory council (access required)

ESL's Faheem Masood

Faheem Masood, president and CEO of ESL Federal Credit Union, has been named to the Federal Reserve Board’s Community Depository Institution Advisory Council. The national council provides input to the Federal Reserve Board on the economy, lending conditions and other ...

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Five Star and Lyons National both post record statements (access required)

Five Star Bank  now occupies the tower at 100 Chestnut Street after moving its administrative center from the suburbs to downtown
Rochester in 2016. (Photo courtesy of Five Star Bank)

Two locally owned bank corporations–Five Star Bank and Lyons National Bank–experienced record-breaking income in the final quarter of 2019. The two represent the seventh and eighth largest banks in the Rochester Metropolitan area by local deposits, though both have deposits ...

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