updated 5/31/2011 2:16:38 PM ET 2011-05-31T18:16:38

LAKE HAVASU CITY, Ariz., May 31, 2011 (GLOBE NEWSWIRE) -- Mohave State Bank ("Bank"), subsidiary of State Bank Corp. (OTCBB:SBAZ) ("Company"), today announced the appointment of Benjamin LaParne to serve as a member of its Lake Havasu City Community Board.

Mohave State Bank Logo




Mr. LaParne is a native of Huntington Beach, CA and has been a real estate investor for more than 30 years specializing in commercial properties. He and his wife Kimberly relocated permanently to Lake Havasu City from Portland, OR in 2003. Mr. LaParne attended Golden West College in Southern California.

Mr. LaParne is active in the Lake Havasu Rotary Club and is a Pillar donor for the River Cities United Way. "We are very excited about having Ben's real estate investment experience on the Lake Havasu Community Board. Ben is active in the local market and will bring unique insights to us," 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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