Notes from the CEO

Entrepreneurship Embodies America’s Pioneer DNA

I came across this commentary from Jim Blasingame, a Forbes contributor, on Forbes.com recently and the message really hit home, especially so close to the 4th of July. I encourage you to take a minute to watch it. The gist of his message is that the heart of American spirit and economy is in jeopardy because of the current state of our financial regulatory system. The one-size fits all financial regulatory solutions being considered by our state and federal governments have the potential to seriously damage community banks and, in doing so, seriously damage the fabric of our economy, innovators, entrepreneurs, and small businesspeople.

Blasingame starts by saying, “America is exceptional for many reasons, not the least of which is the way our pioneer DNA morphed into entrepreneurship. But all DNA has to be nourished, and the food of entrepreneurship is capital.” It’s so true and why I believe I, and so many others like me, work as community bankers. Working in the spirit of innovation and moving foward as a community and an economy is the foundation of how community banks came to be and why I and so many others like me are proud to be community bankers.

The warning Blasingame provides is one that should be taken seriously. He says, “In nature, when one member of a symbiotic relationship is diminished, the other is usually harmed too. Fewer independent community banks will result in a weakened small business sector.” I believe this is true. If the financial regulatory system in this country are not bifurcated, community banks will suffer and, therefore, so will the foundation of our economy … innovators, entrepreneurs, and small businesses. It’s that simple.

James E. Beckwith
President & CEO Five Star Bank
jbeckwith@fivestarbank.com

South Placer

6810 Five Star Blvd.
Suite 100
Rocklin, CA 95677
916.626.5000
rocklin@fivestarbank.com

Rancho Cordova

3100 Zinfandel Drive
Suite 100
Rancho Cordova, CA 95670
916.851.5440
rancho@fivestarbank.com

Sacramento

2400 Del Paso Road
Suite 100
Sacramento, CA 95834
916.640.1500
natomas@fivestarbank.com

Elk Grove

9355 E. Stockton Blvd.
Suite 160
Elk Grove, CA 95624
916.714.2444
elkgrove@fivestarbank.com

North Valley

358 Hartnell Avenue
Suite B
Redding, CA 96002
530.223.6652
redding@fivestarbank.com

Chico

426 Broadway
Suite 203
Chico, CA 95928
530.592.0470
chico@fivestarbank.com