5 Star Bank staking its claim on defense contractor loan business
5 Star Bank is providing the financing for The O’Neil Group’s purchase of 6 N. Tejon St.,the former Chase Bank building. It’s one of the largest deals for the local bank, and CEO Mike League hopes that it is only the first of many between his bank and defense companies. “We’re dependent on the Department [...]
With the commercial real estate market depressed and lending standards tight, few commercial developers qualify for loans these days. Competition between banks is fiercer than ever. It might come as a surprise, then, that two competing local banks, 5 Star Bank and Central Bank and Trust, are collaborating to finance a $3 million redevelopment project. [...]
Continue reading …In an era when banks are shuttering locations, one local bank is expanding. 5 Star Bank — one of the healthiest of the locally chartered banks — will open a branch on the north end of town the first week in October. Not only is the bank growing, but it’s building the branch from the [...]
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