Five Star Bancorp has appointed banking executive Christopher D. Myers to its board, effective Nov. 4, and designated him vice chair. Myers will also serve on the board’s Strategy and Asset Liability committees, adding a new director to its leadership and committees overseeing strategy and balance-sheet management.
The company also amended its non-employee director compensation policy, setting annual cash and equity compensation for the vice chair role and increasing the chairperson’s annual compensation.
Key details
- Myers’s appointment took effect Nov. 4, 2026. He will serve as vice chair of the board and join its Strategy and Asset Liability committees.
- As a non-employee director, Myers will receive cash and equity compensation under the company’s director pay policy. His compensation will be prorated from his appointment date.
- The amended policy provides an annual vice chair cash retainer of $29,000 and an annual equity grant valued at $29,000.
- The policy also increases the annual chairperson cash retainer by $35,000 and the annual chairperson equity grant by $35,000.
What changes
Myers’s appointment adds a vice chair position to the board’s leadership structure and places him on committees focused on corporate strategy and asset-liability management. The compensation changes establish explicit annual cash and equity amounts for the vice chair role and raise the chairperson’s compensation.