Five Star Bank has received state and federal regulatory approval to open two more branches in the city and follow through on plans it unveiled last month.
The banking subsidiary of Warsaw-based Financial Institutions will open branches at 2222 Seneca St. in South Buffalo, near Cazenovia Park, and at 451 Elmwood Ave., in the first building under construction as part of the Elmwood Crossing redevelopment project.
Both are expected to open within the next 12 months. Five Star opened its first branch in the city, at Fountain Plaza, three years ago.
“The new locations will help us grow our branch network in the important Buffalo market, making us more accessible to residents and businesses, and enable us to deliver our style of community banking to these communities," said Financial Institutions President and CEO Martin K. Birmingham.
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Five Star, with $4.384 billion in assets, will operate 54 branches in the state.
