updated 5/24/2011 6:16:41 PM ET 2011-05-24T22:16:41

LAKE HAVASU CITY, Ariz., May 24, 2011 (GLOBE NEWSWIRE) -- Mohave State Bank ("Bank"), subsidiary of State Bank Corp. (OTCBB:SBAZ) ("Company"), today announced the appointment of Donald Lay to serve as a member of its Lake Havasu City Community Board.

Mr. Lay is a long-time restaurant entrepreneur with Jack-in-the Box and Golden Corral stores in Arizona and New Mexico.  Don moved to Lake Havasu City in 1980 from San Diego, CA. He purchased the local Jack-in-the-Box in 1982. His business is a member of the Lake Havasu Chamber of Commerce.

"Don brings a wealth of retail consumer experience to our Lake Havasu Community Board. We look forward to his contribution to our organization," commented Brian M. Riley, President & CEO.

The Lake Havasu City Community Board is an advisory group of business professionals who serve as ambassadors for Mohave State Bank within the community and provide insights to help the Bank better serve customers within the local market.

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 .

CONTACT: Brian M. Riley, President & CEO
         Phone: (928) 855-0000

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