Five Star Bank agreed to a $29.5 million class action lawsuit settlement to resolve claims it failed to provide proper notice after repossessing vehicles.
The Five Star Bank settlement benefits individuals whose vehicles were repossessed by Five Star Bank and who were sent specific forms of notice between May 16, 2011, and Sept. 30, 2021.
If your vehicle was repossessed and you believe you weren’t given proper notice, you may have legal options beyond this settlement. Learn how you can seek compensation for an unlawful repossession.
Five Star Bank is a financial institution with locations in New York and Pennsylvania. The bank offers a variety of services such as personal loans, business loans and mortgages.
According to the class action lawsuit, Five Star Bank violated Pennsylvania and New York law by failing to send proper notices.
The bank has not admitted any wrongdoing but agreed to a $29.5 million class action settlement to resolve the allegations.
Under the terms of the Five Star Bank repossession settlement, class members can receive a cash payment based on the amount they paid on their repossessed vehicle loan. Payments will vary, but class members can check their estimated payment on the settlement website.
Class members may also be eligible for additional benefits, including credit reporting relief and the elimination of disputed deficiencies.
The deadline for exclusion and objection is Oct. 13, 2025.
The final approval hearing for the Five Star Bank repossession settlement is scheduled for Nov. 4, 2025.
No claim form is required to benefit from the settlement. Class members who do not exclude themselves will automatically receive settlement benefits.
Who’s Eligible
The settlement benefits those who had their vehicles repossessed by Five Star Bank and were sent one or more specific forms of notice between May 16, 2011, and Sept. 30, 2021.
Potential Award
Cash payment based on amount paid on loan.
Proof of Purchase
N/A
Claim Form Deadline
10/13/2025
Case Name
Matthew Chipego, et al. v. Five Star Bank, et al., Case No. 02466, in the Court of Common Pleas of Philadelphia County, Pennsylvania
Final Hearing
11/04/2025
Settlement Website
Claims Administrator
Settlement Administrator
Chipego v. Five Star Bank
P.O. Box 23698
Jacksonville, FL 32241
800-564-0758
Class Counsel
Cary L. Flitter
Andrew M. Milz
Jody Thomas López-Jacobs
FLITTER MILZ P.C.
Matthew Parham
WESTERN NEW YORK LAW CENTER
Carlo Sabatini
SABATINI LAW FIRM LLC
Defense Counsel
John P. McShea
McSHEA LAW FIRM, P.C.
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