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Rest assured that SouthStar bank is very safe and solid. Our bank is 103 years old and has endured multiple recessions and market disruptions. Our Capital, Earnings, and Liquidity are very strong, and asset quality is excellent. Click HERE to view a detailed explanation from SouthStar Bank President David Kapavik

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A message from the SouthStar Bank Executive Team: Rest assured that SouthStar bank is very safe and solid. Our bank is 103 years old and has endured multiple recessions and market disruptions. Our Capital, Earnings, and Liquidity are very strong, and asset quality is excellent. Click HERE to view our superior third-party review.

Starting March 22, all customers using the SouthStar Bank Mobile App will be required to enter a Multi-Factor Authentication code received via text or phone call upon login. 

Bank News

Congratulations Andrew Denny!

Congratulations to Andrew Denny, who was recently awarded the EMBA scholarship at the Texas Bankers Hall of Fame Gala. Starting in the Fall, Andrew will be enrolled in the Executive MBA Program in Banking and Financial Institutions at Sam Houston State University. The program is a unique two-year program designed to develop and enhance a candidate’s skills necessary for a position of leadership in a financial institution or regulatory agency. The program emphasizes the integration and synthesis of various disciplines to develop a student’s ability to function and make sound administrative decisions in a dynamic financial institution environment. Apart from being a valued SouthStar Bank team member, Andrew is also a husband, father, and avid paddleboarder. Every year he volunteers to raise funds and awareness for the Flatwater Foundation, paddling 21 miles in the annual TYLER’S Dam That Cancer event. Congratulations and Good Luck, Andrew!

Congratulations Kacy Kirk & Kristy Hollis New Retail Area Managers

Kacy Kirk and Kristy Hollis have been promoted to the role of Vice President/Retail Area Manager for the Rural and Urban regions, respectively. Both Kacy and Kristy have thrived in their Branch Manager positions, using their knowledge and experience to support their teams and provide an outstanding banking experience for their customers. Their hard work was recognized in 2022 when both ladies were awarded the Ride for the Brand Award for Operations, which is one of the bank’s highest internal honors. In their new roles, both ladies will assist with the advancement of new employees, develop strategic plans with the retail team, and continue to grow customer relationships. Kristy is coming up on her fourth year with SouthStar Bank and has over two decades of banking experience overall. As the Retail Area Manager of the urban market, she is excited to share SouthStar Bank’s overarching vision and motivate her team to be the best they can possibly be. Kristy is a natural leader who thrives on sharing knowledge and seeing team members excel in their respective roles. When Kristy is away from work, she can be found spending time with her daughter. She points to being a mother as her biggest personal achievement and cherishes every moment she can spend with her family. Kristy also enjoys traveling, with cruises being her preferred method. She has a great appreciation for anywhere with beautiful blue water. Kacy has been in the banking industry for over a decade boasting 11 years of experience, including eight years at SouthStar Bank. In her new role as Retail Area Manager of the rural market, she is excited to be able to work on new projects aimed at elevating the customer and team member experience across all the branches in her area. Kacy is also involved in the Hearne community and finds great enjoyment in contributing her skills beyond the bank. Most recently, she has served three years on the Hearne Community Development Board as secretary and treasurer. When Kacy is out of the office, she enjoys spending time with her family. They enjoy traveling, camping, visiting family, and reading books. SouthStar Bank is excited to watch Kacy and Kristy continue to grow in their new positions and make our star shine! Congratulations, Kacy and Kristy!

A Message from the President

Considering all the recent news on the big bank failures, I want to assure you our bank is safe.   While there are some commonalities in the decline in the values of bonds at virtually all banks, there are also key differences.  The following are a few significant differences between our bank and the banks in the news: Aside from my support of our strength, there are several other rating companies that also reflect our bank as “5 Star” or “A” rated.  Compare us to other banks, and I know am confident you will find SouthStar to be one of the strongest banks around. I encourage you to contact the Senior Officers at your local branch or me directly if you have any concerns. We want all our customers to feel comfortable with our bank as a safe place for any additional funds you, your friends, and your family have. Despite all the negative news on banks, we still believe our Star shines the brightest during these times. David R. KapavikPresident/CEO

Congratulations Gillian Bowman!

Congratulations, Gillian Bowman! SouthStar Bank would like to recognize Gillian Bowman for completing the process to become a Certified Fraud Examiner! The process included four separate exams, which covered the topics of Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. Gillian joined the Audit department for SouthStar Bank in April 2022. During her short time with the bank, she has already made a huge impact and was awarded the 2022 Rising Star award for Support Operations. As a valued member of the team, SouthStar Bank is looking forward to Gillians’ continued success with the company.

Christmas at SouthStar Bank 2022

Join us in giving back this holiday season. The holidays are upon us! In the spirit of the season, many of our locations are serving as donation drop-offs for local toy drives. New unwrapped donations will be accepted for all ages. We are not accepting stuffed animals at this time. Over the past 100 years, SouthStar Bank has built a tradition of community service, supporting past generations and the generations to come. Now, we want to give back to the communities who have supported and driven our success over the years.   See below to find the donation spot closest to you: Bee Cave | through Nov. 30 | LTLL Green Santa Project Southwest Austin | through Dec. 8 | Hays County Brown Santa Georgetown | through Dec. 9 | Blue Santa Project Round Rock | through Dec. 10 | Operation Blue Santa Gonzales | through Dec. 10 | Legacy Ranch

Congratulations Blake Feste! New Senior Credit Officer

Congratulations to Blake Feste, recently promoted to Senior Credit Officer! Blake has been a part of the SouthStar Bank team since 2017 and was previously an employee of former Lone Star Bank from 2013 to 2015. Blake has excelled in his role at the bank to uphold the overall quality of the Bank’s credit extension. He will continue to provide support and direction in loan policies and procedures, working with Credit Analysts and Regional Credit Managers to promote loan growth while balancing risk controls for the bank. Outside of work, Blake held a position as Co-Chair of Programs on the board for the Young Men’s Business League of Austin for 5 years. Blake and YMBL worked to raise money each year to send low-income youth to summer camp, assisting approximately 1,000 kids each year. As of 2022, he is an Alumni Member but continues to be heavily involved in the efforts of the non-profit organization. Blake and his wife, Ellen, live in Northwest Austin with their 3-year-old son, Liam. They enjoy traveling and cheering on his alma mater, the TCU Horned Frogs, during football season. Member FDIC | Equal Housing Lender | NMLS# 683300

Congratulations Jesica Garza! New Branch Executive

Congratulations to Jesica Garza on her promotion to Branch Executive! Jesica Garza has been promoted to Branch Executive of the SouthStar Bank Georgetown Branch. Jesica has been with SouthStar Bank for three years as a portfolio lender, specializing in land and construction financing. She has multiple years of prior experience in mortgage lending and has also taught mortgage and real estate investing courses to continuing education students as a Certified Mortgage Planning Specialist. A local to Georgetown, Jesica proudly graduated as a Georgetown Eagle in 2004 and continued on to Texas State University to pursue her degree in International Relations. As Branch Executive, Jesica is looking forward to broadening and sustaining the branch’s relationships with the community. Active in the community, Garza previously served on the Austin Board of the National Association of Professional Mortgage Women. In addition, she stays involved with her husband’s non-profit, Flatwater Foundation, and its mission to provide access to therapy for families coping with a cancer diagnosis. Jesica and her husband, Mark, have two kids: one son and one daughter. Member FDIC | Equal Housing Lender | NMLS# 1508061

Congratulations Riley Martine! New Assistant Vice President

Riley Martine has been promoted to the role of Assistant Vice President at the SouthStar Bank Southwest Austin branch. She will continue in her role as Portfolio Manager and will also be taking on the official role of Executive Assistant to the Chief Lending Officer. Her initiative, positive attitude, and ability to multitask have given Riley a great reputation amongst her coworkers and clients. Riley is looking forward to continuing to assist in the management and growth of the bank’s portfolio. “I love learning and SouthStar never ceases to give me the opportunity to do so,” she says. In her free time, Riley enjoys running, reading, and going to concerts. Her biggest personal achievement was when she completed the Austin Half Marathon in April 2021. Congratulations Riley!

Congratulations Miguel De La Riva! New Branch Executive

Congratulations to Miguel De La Riva on his promotion to Branch Executive of the Harker Heights branch! Miguel De La Riva was promoted to Branch Executive at the Harker Heights Branch. He joined SouthStar Bank at the beginning of 2022 with over 20 years of industry experience. In his long career, Miguel has funded everything from small business loans, home loans for first-time buyers, and multi-million-dollar commercial real estate transactions. In his new role, Miguel is excited to continue working with the team in Harker Heights, or as he calls them, the Harker Heights Heroes. He also enjoys serving his community and is looking forward to continuing to get to know the citizens of Harker Heights and the communities surrounding Ft. Hood. He specializes in using his strong analytical and problem-solving skills to find solutions for complex loans. “ I always look forward to helping more people accomplish their goals and realize their dreams,” he says. “Helping the clients who were told ‘it cannot be done by everyone else is one of the best parts of my job.” Miguel is a veteran of the United States Marine Corps and bilingual in Spanish. Outside of work, Miguel enjoys spending his time in the great outdoors, enjoying various bodies of water with his wife and loyal dogs. Member FDIC | Equal Housing Lender | NMLS# 980470

IRA Non-Recourse Loans – Get Started with Us Today

IRA Non-Recourse Loans | SouthStar Bank Consider the following scenario: You want to buy real estate using your self-directed IRA. The non-recourse loan is applied for by your IRA or retirement plan and the debt is secured by real estate.   Some of your IRA money and the non-recourse loan are used to purchase the property, leaving the rest of your IRA funds invested and earning interest. For example, let’s say you find an investment property for $200,000 and have $200,000 in your IRA. You don’t use all the money in your IRA, but maybe $100,000, then you can get a non-recourse loan in the name of the self-directed IRA to make up the difference. Your IRA now has $100,000 in it, which is earning interest and growing. These loans are often utilized to provide you with additional funds in the event that your property requires repairs or upgrades, or to invest in commercial real estate. Taking out a non-recourse loan allows you to diversify your investing portfolio rather than putting all of your eggs in one basket. It’s a huge win for you and your retirement account. By leveraging the bank’s money, non-recourse lending enhances your IRA. Furthermore, the IRA’s money is safeguarded and can be used for other investments. How Do Non-Recourse Loans Work? When you have a small IRA or just don’t have enough funds to invest in real estate, your IRA can get a non-recourse mortgage loan. The non-recourse loan is a loan in the name of the IRA, secured by collateral (usually the property being purchased). The loan is based on the value of the real estate investment and in most situations, the IRA holder’s credit does not play a role in the IRA’s eligibility. Borrow What You Need There is no minimum or maximum loan amount at SouthStar Bank. The loan is in your IRA’s name and the amount you can borrow is determined by the value of your real estate investment. SouthStar Bank offers non-recourse IRA loans for single-family houses and condominiums (2-4 units). Keep in mind that the property’s net operational income/cash flow must be sufficient to cover loan payments. A percentage of the purchase price must be vested in a self-directed IRA for eligible borrowers. Your non-recourse IRA loan down payment will be determined by the property you buy, its condition and estimated cash flow. A 40 percent down payment is usually required by SouthStar Bank. Non-Recourse Loan Benefits A non-recourse loan, as mentioned above, is a form of loan that you can take out using your IRA to buy real estate investments. Your IRA owns these loans, which are subject to UDFI (unrelated debt-financed income) and must be returned through your IRA. Non-recourse loans have other advantages than helping you finance your real estate venture. Your IRA, not you, is responsible for your loan When you open a non-recourse loan, your IRA owns it, not you, which means that you will not be held personally liable should anything happen over […]

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