5Star Bank
5Star Bank is a privately held community business bank headquartered in Colorado Springs, serving the Denver Metro and Colorado Springs markets with full-service personal and commercial banking products targeted at small and medium-sized businesses and consumers across Colorado.
- Company typePrivate
- Founded2015
- HeadquartersColorado Springs, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What 5Star Bank does
5Star Bank is a privately held, locally owned community business bank headquartered in Colorado Springs, Colorado, serving the Denver Metro and Colorado Springs markets through three branch locations in Colorado Springs, Greenwood Village, and Trinidad. The bank offers a full-service suite of personal and business banking products, including checking and savings accounts, money market accounts, certificates of deposit, IRAs, residential mortgages, home equity loans, and Visa credit cards for consumers, alongside commercial checking, commercial real estate loans, SBA loans, commercial loans, letters of credit, business lines of credit, and business credit cards for SMBs. Niche offerings target government contractors, food industry businesses, supply chain financing, workplace banking, and veterans/military financial solutions, reflecting a vertical-specialization strategy within its Colorado footprint.
The bank's technology infrastructure is standard for community banking: web-based online banking with bill pay, a mobile app with mobile deposit, eStatements, remote deposit capture, merchant card processing, sweep accounts, and EFTPS tax payment integration. Digital channels are operated via a FIRSTBranch/Kasasa website platform, with Deluxe handling ancillary check ordering and AudioEye providing accessibility compliance. The bank employs relationship-based, sales-led distribution through dedicated business bankers with local credit authority, supplemented by community marketing, a podcast hosted by CEO Mike League since March 2020, LinkedIn and Facebook presence, and educational content.
Revenue is generated primarily through net interest income on loans (commercial, CRE, SBA, residential, home equity) and deposit products (checking, savings, money market, CDs), supplemented by transaction fees including $20 domestic and $40 international wire fees, merchant card processing, debit and credit card interchange, and cash management services. The bank is structured as a strongly capitalized community institution with board, executive, and staff ownership, positioning itself against larger regional and national competitors through local decision-making and integrated banking packages.
5Star Bank firmographics
Firmographics- Name
- 5Star Bank
- Legal name
- 5Star Bank
- Website
- https://5star.bank
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- 5Star Bank is a privately held community business bank headquartered in Colorado Springs, serving the Denver Metro and Colorado Springs markets with full-service personal and commercial banking products targeted at small and medium-sized businesses and consumers across Colorado.
- Ownership category
- akta.pro rank
5Star Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where 5Star Bank is headquartered
LocationHeadquarters
- HQ city
- Colorado Springs
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
5Star Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Interest earned on loans including commercial loans, commercial real estate loans, SBA loans, residential mortgages, home equity loans, and business lines of credit.
- Deposit Products: Fees and interest spread from personal and business checking, savings, money market accounts, and certificates of deposit (CDs).
- Fee-Based Services: Fee income from wire transfers ($20 domestic, $40 international), merchant card processing, business debit cards, credit cards, and other account services.
- Cash Management Services: Revenue from sweep accounts, remote deposit capture, and other cash management solutions for business clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Wire Transfer Fees |
| Other | Pay-as-you-go | Debit Card Limits |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
5Star Bank product offering
Product offeringCore offering
5Star Bank is a community business bank that provides personal and commercial banking products including checking, savings, money market, CDs, IRAs, residential mortgages, home equity loans, credit cards, and a full suite of business lending products such as commercial loans, SBA loans, commercial real estate loans, and business lines of credit. The bank delivers these services through three Colorado branches (Colorado Springs, Greenwood Village, Trinidad) and digital channels including online banking, mobile banking with mobile deposit, remote deposit capture, and merchant card processing. Its stated mission is helping small and medium-sized businesses in Colorado succeed through dedicated banking experts and locally authorized credit decisions.
Product overview
5Star Bank operates as a full-service community business bank offering a comprehensive portfolio of personal and business banking products. The bank's personal banking suite includes checking accounts (featuring Kasasa Cash rewards), savings accounts, money market accounts, certificates of deposit (CDs), Individual Retirement Accounts (IRAs), residential mortgages, home equity loans, overdraft protection, and Visa credit cards with rewards. The business banking division provides commercial checking (5Star Commercial Checking and 5Star Commercial Analysis Checking), business savings and money market accounts, business CDs, and a full range of lending products including commercial loans, commercial real estate loans, SBA loans, letters of credit, and business lines of credit. Digital banking services span online banking with bill pay, mobile banking with mobile deposit, eStatements, merchant card processing, remote deposit capture, and sweep accounts. The bank also serves niche markets including food industry, government contractors, supply chain financing, and workplace banking programs. The product architecture combines traditional banking products with digital delivery channels to serve the Denver Metro and Colorado Springs markets.
Differentiator
Problem solved
Functional benefit
Brands
- 5Star Online Banking: Online banking platform for personal and business customers
- Kasasa
- Visa 5Star Rewards
- CreditUp
Products and services
- Personal Checking Personal checking account featuring Kasasa Cash Checking rewards program for individual consumer banking customers.
- Personal Savings Account Basic personal savings account for consumer deposits and earning interest.
- Money Market Account Personal savings account offering competitive interest rates with limited check-writing access.
- Personal Certificates of Deposit (CDs) Fixed-term personal deposit accounts offering guaranteed returns for set periods.
- Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options for individual consumers.
- Residential Mortgage Home purchase loans for individual consumers with various term options and competitive rates.
- Home Equity Loans Loans using home equity as collateral for borrowing funds for personal consumers.
- Overdraft Protection Protection service linking accounts to prevent overdraft fees and declined transactions for personal banking customers.
- Veteran & Military Financial Solutions Specialized personal banking products and services designed for veterans and active military members.
- Visa 5Star Rewards Credit Card Personal credit card offering rewards and cashback on purchases for individual consumers.
- Personal Online Banking with Bill Pay Web-based personal banking platform enabling account management and electronic bill payment.
- Mobile Banking with Mobile Deposit Mobile app enabling personal account access and remote check deposit via smartphone camera.
- eStatements Electronic delivery of bank statements replacing paper mail for personal and business customers.
- 5Star Commercial Checking Business checking account designed for commercial clients with higher transaction volumes.
- 5Star Commercial Analysis Checking Business checking with analysis services including monthly statement analysis and earnings credit for businesses.
- Business Debit Card Debit card for business accounts with spending controls and tracking features for commercial clients.
- 5Star Commercial Money Market Business money market account offering higher-yield savings with limited transactions for commercial clients.
- Business Certificates of Deposit (CDs) Fixed-term business deposit accounts for parking excess funds at guaranteed rates.
- Commercial Loans Loans for business operations, equipment purchases, and growth capital needs for commercial clients.
- Commercial Real Estate Loans Financing for commercial property acquisition, development, and refinancing for businesses.
- SBA Loans Small Business Administration-backed loans including SBA 7(a) and 504 programs for small businesses.
- Letters of Credit Guarantees issued by the bank to support trade transactions and contractual obligations for business clients.
- Business Lines of Credit Revolving credit facilities allowing businesses to draw funds as needed up to a set limit.
- Business Credit Cards Credit cards tailored for business expenses with rewards and expense management features for commercial clients.
- Business Online Banking with Bill Pay Commercial web banking platform with integrated bill payment and cash management for business clients.
- Remote Deposit Capture Service enabling businesses to deposit checks electronically from their office.
- Merchant Card Processing Payment processing services for businesses to accept credit and debit card transactions.
- Sweep Accounts Automated account sweeping between business checking and money market for optimal fund utilization.
- Food Industry Banking Solutions Specialized banking products for restaurants, food service, and agriculture businesses.
- Government Contractor Banking Banking services tailored for government contracting businesses including specialized contract revenue cycle and compliance support.
- Supply Chain Financing Financing solutions for businesses managing working capital throughout supply chains.
- Workplace Banking Banking programs offered through employers to provide employees with convenient access to banking services.
Companies that use 5Star Bank
Customer profileSegments5 records
Ideal customer profiles5 records
5Star Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
5Star Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- DeluxeminorDeluxe provides online check reordering services for 5Star Bank customers through ordermychecks.com, allowing customers to easily reorder personal and business checks.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
5Star Bank competitors and assessment
Company assessmentEmerging players
- nbkc bank: nbkc bank is a Kansas City-based digital community bank focused on personal and small business banking with competitive deposit products. It is comparable as a smaller-scale, technology-forward community bank challenging the traditional branch model that 5Star operates within.
- Mercury: Mercury is a digital-first business banking and financial technology company targeting startups and SMBs with a superior digital experience. It is relevant as the primary neobank threat to 5Star's SMB deposit and treasury management franchise.
Broad incumbents
- Live Oak Bancshares: Live Oak Bancshares is a digital-first community bank specializing in SBA lending and small business banking, with a national footprint. It is a relevant comparable for 5Star's SBA and SMB lending strategy, with public-company financial benchmarks.
- Glacier Bancorp: Glacier Bancorp is a community banking holding company operating multiple community bank charters across the Western U.S. with comparable SMB, CRE, and SBA lending focus. It is a relevant comparable for community banking franchise economics, though substantially larger and more diversified than 5Star.
- Pacific Premier Bancorp: Pacific Premier Bancorp is a community-oriented bank holding company focused on SMB banking, CRE lending, and specialty banking verticals. It is a useful strategic and valuation comparable for community bank franchise models serving small businesses.
- Heartland Financial USA (HTLF): Heartland Financial operates a network of community banks across multiple states with a strong SMB and commercial banking focus. It is comparable as a multi-charter community banking model with relevant franchise economics, though substantially larger.
Direct peers
- First Western Financial: First Western Financial operates a Colorado-based community banking and wealth management franchise serving SMBs, professionals, and high-net-worth individuals. Its relationship-driven model and SMB focus make it a direct peer despite somewhat larger scale.
- Alpine Bank: Alpine Bank is the largest locally owned community bank in Colorado, offering a comparable full suite of personal and business banking, SBA lending, and niche services across multiple Colorado markets. It is the most directly comparable community bank peer to 5Star in the same geography.
- Collegiate Peaks Bank: Collegiate Peaks Bank is a Colorado community bank offering personal and business banking, SBA lending, and agricultural lending. It is a close comparable in scale, community focus, and SMB lending orientation, though it operates further west in the mountains.
- FirstBank: FirstBank is a Colorado-headquartered, family-owned community bank providing personal checking/savings, mortgages, business banking, SBA loans, and commercial lending across the Front Range. It directly overlaps with 5Star's product set and Colorado geographic focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
5Star Bank social profiles
Digital presence5Star Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
5Star Bank leadership team
Management profileNumber of profiles
Profiles1 record
5Star Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
5Star Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 5Star Bank
What does 5Star Bank do?
5Star Bank is a community business bank that provides personal and commercial banking products including checking, savings, money market, CDs, IRAs, residential mortgages, home equity loans, credit cards, and a full suite of business lending products such as commercial loans, SBA loans, commercial real estate loans, and business lines of credit. The bank delivers these services through three Colorado branches (Colorado Springs, Greenwood Village, Trinidad) and digital channels including online banking, mobile banking with mobile deposit, remote deposit capture, and merchant card processing. Its stated mission is helping small and medium-sized businesses in Colorado succeed through dedicated banking experts and locally authorized credit decisions.
Is 5Star Bank a public or private company?
5Star Bank is a private company. It is classified as management employee owned and is currently operating.
When was 5Star Bank founded?
5Star Bank was founded in 2015. It employs 11 to 50 people.
Where is 5Star Bank based?
5Star Bank is headquartered in Colorado Springs, United States, in the North America region.
How does 5Star Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are deposit Products, fee-Based Services and cash Management Services.
Who are 5Star Bank's main competitors?
Emerging players on record are nbkc bank and Mercury. Broad incumbents are Live Oak Bancshares, Glacier Bancorp, Pacific Premier Bancorp and Heartland Financial USA (HTLF). Direct peers are First Western Financial, Alpine Bank, Collegiate Peaks Bank and FirstBank.
Does 5Star Bank have an API?
No public API is recorded for 5Star Bank.
What industry is 5Star Bank in?
5Star Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 522110 and its SIC code is 6022.