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State Bank Corp. (SBAZ)

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State Bank Corp. Declares Cash Dividend LAKE HAVASU CITY, Ariz., Sep 29, 2008 (GlobeNewswire via COMTEX) -- State Bank Corp. (OTCBB:SBAZ), the holding company for Mohave State Bank, today announced the declaration of its third quarter cash dividend to shareholders. The Board of Directors of State Bank Corp. declared a quarterly cash dividend of $0.10 per share payable to shareholders of record on October 10, 2008. The dividend will be paid on or about October 23, 2008. About the Company State Bank Corp., headquartered in Lake Havasu City, Arizona, is the parent company of Mohave State Bank, the largest locally-owned bank in Mohave County, with $360 million in assets as of June 30, 2008. Mohave State Bank is a full-service bank providing deposit and loan products, and convenient on-line banking to individuals, businesses and professionals. The Bank was established in October 1991, and the holding company was formed in 2004. The Bank has six full-service branches: two in Lake Havasu City, two in Kingman, one in Bullhead City, and one in Yuma, Arizona. The Company is traded over-the-counter as SBAZ. For further information, please visit the web site: www.mohavestbank.com. This press release may include forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the Company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement. This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: State Bank Corp.
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