Have you taken an auto loan from Five Star Bank and had your vehicle repossessed (because you fell behind on payments) by the bank without giving you a proper notice? If so, you may be eligible to get a portion from the $29.5M Five Star Bank repossession class action settlement.
Here, we have shared everything you need to know about the Five Star Bank repossession settlement. Read this article thoroughly to check who is eligible to get the payment, what the payout amount will be, what to do to get a payout, and much more.
$29.5M Five Star Bank Repossession Settlement
Back in May 2019, a class action lawsuit was filed against the Five Star Bank alleging that it failed to provide required post-repossession and deficiency notices under Pennsylvania and New York law. After that, a long legal proceeding takes place, and it results in a settlement of $29.5 million.
The settlement got preliminary approval in July 2025, and then in August 2025, the settlement website was made available. Note that to get the payout from this settlement, there is no provision for filling out the claim form, but one who is eligible can update the address to get a paper check or choose a payment method to get a direct deposit.
Note that the deadline for excluding himself and objecting against the $29.5M Five Star Bank repossession class action settlement is October 13, 2025. If you believe that you are eligible to get payment from this settlement, make sure to update your address or choose the payment gateway before final approval.
Who is eligible for payout?
The eligibility requirements to get payment from the $29.5M Five Star Bank repossession class action settlement are available below.
- You had an auto loan that was financed by the Five Star Bank, directly or through a car dealership.
- Your vehicle was repossessed by the FSB, and you were sent one or more post-sale notices between May 16, 2011, and September 30, 2021, and
- You must have received the notice from the settlement administrator, which carries the Notice ID and PIN.
If you meet the above two criteria, you can get a payment from the settlement fund. To get it, you need to only choose the payment option or update your residential address.
How much will be received?
Under the Five Star Bank repossession settlement, not everyone is going to get the same amount. Note that it depends on several factors, which are:
- How much one paid on his or her repossessed auto loan.
- Whether he or she still owed money (a deficiency) after repossession.
- If he or she made any payments after the repossession.
- Whether his or her account qualifies for credit repair or debt forgiveness.
If you paid off part of your loan and then your vehicle was repossessed, then you may get something between $300 and $700; if you have made many payments before repossession, you may get a payout ranging from $800 to $1,500; and if you made payments after repossession or paid a deficiency, you may get $1,500 to $3,000.
Note that if you owe a large deficiency balance, your debt will be waived off, and if you didn’t pay anything or the loan was very small, it is likely between $50 and $200.
How to check the payment method?
To choose a payment method for the $29.5M Five Star Bank repossession settlement, please follow the step-by-step instructions.
- Go to the settlement portal by visiting fivestarbankrepoclassaction.com/.
- Find and click on the option that reads ‘Update Address’ or ‘Select Payment Method’ to go to the next page.
- Fill in your Notice ID and PIN, and tap on the Submit button.
- After that, you need to provide all the required details, choose the payment option, and submit it.
When to expect the payment?
The payment for the $29.5M Five Star Bank repossession settlement will be received after the final approval. The hearing for the final approval is all set to take place on November 4, 2025. Note that the final approval is received on this date; you can expect the payout in January or February 2026.