updated 6/20/2011 12:45:26 PM ET 2011-06-20T16:45:26

LAKE HAVASU CITY, Ariz., June 20, 2011 (GLOBE NEWSWIRE) -- Mohave State Bank ("Bank"), subsidiary of State Bank Corp. (OTCBB:SBAZ) ("Company"), today announced that it was awarded the Lake Havasu Area Chamber of Commerce 2011 Business of the Year.

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This distinguished award is given annually to the business that makes an outstanding contribution to the growth and stability of the Chamber of Commerce. Lisa Krueger, President & CEO of the Lake Havasu Area Chamber of Commerce said, "As a longtime partner in providing financial guidance and support to the Chamber, Mohave State Bank sets a shining example in business and community for us all."

Brian M. Riley, President & CEO of Mohave State Bank, commented, "The Lake Havasu Area Chamber of Commerce is the center of our business community and a valued partner. We are honored to receive this award."

About the Company

Mohave State Bank, the wholly owned subsidiary of State Bank Corp., 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. State Bank Corp. is traded over-the-counter as SBAZ. For further information, please visit the web site: www.mohavestbank.com .

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

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

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

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