updated 10/14/2010 3:45:12 AM ET 2010-10-14T07:45:12

LAKE HAVASU CITY, Ariz., Oct. 13, 2010 (GLOBE NEWSWIRE) -- State Bank Corp. (OTCBB:SBAZ) ("Company") and its subsidiary Mohave State Bank ("Bank") today announced the appointment of Craig Wenner to the position of Executive Vice President/Chief Financial Officer.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8163

Mr. Wenner began his career in 1998 as an Audit Associate with Crowe Chizek & Company in Grand Rapids, MI. In 2001, Mr. Wenner became VP/Controller for Bank of the Southwest in Tempe, AZ and was promoted to Chief Financial Officer in 2004. After Bank of the Southwest was sold, Mr. Wenner consulted with three different de novo banks between 2006 and 2008. In 2009, Mr. Wenner was appointed as SVP/Chief Financial Officer of Towne Bank of Arizona where he remained until the bank was closed in May 2010.

Mr. Wenner holds a Bachelor of Science in Accounting from Michigan State University in East Lansing, MI.

"We are very pleased to have Craig Wenner join our team. He is a talented Arizona banker who brings new ideas to our finance and accounting operations," stated Brian M. Riley, President & CEO. 

About the Bank

Mohave State Bank, member FDIC, is a commercial bank providing deposit and loan services to individuals, businesses and professionals in Western Arizona. The Bank has six conveniently located offices in Lake Havasu City, Kingman, Bullhead City, and Yuma.

The State Bank Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8162

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