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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Mohave State Bank Logo

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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