5Star Bank is an FDIC-insured bank offering personal and business checking, savings, loans, mortgages, and credit cards with locations in Colorado.
Data compiled from public sources · Rating from CreditDoc methodology
5Star Bank is a regional FDIC-insured bank headquartered in Colorado with physical locations in Colorado Springs, Greenwood Village, and Trinidad. S. Government, providing deposit protection up to applicable FDIC limits.
Founded to serve both personal and business banking needs, 5Star Bank has positioned itself as a community-focused financial institution. 5Star Bank offers a comprehensive suite of personal banking products including checking and savings accounts, money market accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), personal loans, residential mortgages, home equity loans, and credit cards with rewards programs. On the business side, they provide commercial checking accounts (including analysis checking), business savings, business CDs, commercial loans, commercial real estate loans, SBA loans, business lines of credit, business credit cards, cash management services, remote deposit capture, merchant card processing, and specialized financing for niche industries including food service, government contractors, and supply chain operations.
The bank also offers dedicated banking solutions for veterans and service members, plus workplace banking programs for employers and employees. 5Star Bank differentiates itself through industry-specialized lending services not commonly found at larger banks, including supply chain financing and government contractor programs. They offer accessibility features (AudioEye enabled website), mobile banking with mobile deposit, and electronic fund services including EFTPS tax payments.
Their marketing emphasizes personalized service through multiple contact channels (1-800-776-2265) and educational resources including podcasts, financial calculators, and security education focused on elder abuse prevention and identity protection. As a regional bank with limited branch locations (three known locations in Colorado), 5Star Bank's reach is geographically constrained compared to national banks. Specific interest rates, fees, loan terms, and detailed product features are not disclosed on their website, requiring direct contact for pricing information.
The bank appears well-capitalized and properly regulated but lacks the digital convenience and product breadth of larger national or online-only banks.
5Star Bank processed 40 mortgage applications in 2023, approving 85% of applicants across 5 states.
40
Applications
85%
Approval Rate
$381K
Avg Loan
5
States Served
Based on 40 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. 5Star Bank is a registered company, headquartered in Colorado Springs, CO, founded in 1980.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
5Star Bank is best for Colorado-based small business owners and residents seeking personalized community banking with specialized lending programs for niche industries, plus veterans accessing dedicated military financial solutions. The main caveat is geographic limitation to Colorado, lack of transparent pricing on the website, and reduced digital convenience compared to larger national or online-only banks.
Alamosa State Bank is a community bank chartered in 1907, offering personal and business checking, savings, loans, and credit products from locations in Colorado.
Best for: Local Alamosa, Colorado residents seeking personalized community banking relationships, Small businesses in the Alamosa area needing business checking and lending services
Denver's Bank of America Financial Center at 100 Fillmore St, CO, offers personal and business banking services.
Best for: Customers seeking comprehensive personal and business banking services in Denver's Cherry Creek area, Homebuyers and refinancing customers needing mortgage lending specialists and direct loan officer contact
Vectra Bank is a Colorado-based bank offering checking, savings, loans, mortgages, and credit cards. The website lists an 'Elite Credit Card' among its credit card products.
Best for: Customers seeking a full-service bank with physical branch access in Colorado and surrounding regions, Military personnel and seniors seeking specialized checking accounts with potential benefits
Answer 3 quick questions to see if this provider matches your needs.
1. What's your primary financial goal?
Your credit report contains the raw data behind your score. Learn what's in it, how to read it, and how to dispute errors that could be dragging your score down.
Read guide →Klarna, Afterpay, Affirm — they make spending easy. But what happens to your credit score when you use them? Here's what the fine print doesn't tell you.
Read guide →Learn what makes up your credit score, how it's calculated, what the ranges mean, and how to check yours for free.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to 5Star Bank and other services. These commissions help us maintain our free research. Our editorial team independently evaluates all services. Compensation does not influence our ratings or rankings. Learn more.