updated 10/26/2010 6:45:43 AM ET 2010-10-26T10:45:43

LAKE HAVASU CITY, Ariz., Oct. 25, 2010 (GLOBE NEWSWIRE) -- Mohave State Bank ("Bank"), a subsidiary of State Bank Corp. (OTCBB:SBAZ)("Company"), announced that it was offering to assist former customers of First Arizona Savings after the bank was closed by the FDIC on Friday, October 22, 2010. Mohave State Bank has streamlined its new account opening process to make the transition of accounts easier for these customers. In addition, Mohave State Bank will make accommodations for those who need cash while waiting for the FDIC to disburse checks for their account balances. Former First Arizona Savings customers are encouraged to visit one of Mohave State Bank's six branch offices for further details.

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. 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.

The Mohave State Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8201

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