The Board of Directors of State Bancorp Inc., parent company of State Bank of Long Island, declared a cash dividend of $0.05 per share at its October 27, 2009 meeting. The cash dividend will be paid on December 16, 2009 to stockholders of record as of November 20, 2009. The Company also approved the election of Richard Lashley to the Company's Board of Directors. The election of Mr. Lashley increases the membership of the Board of Directors to eleven. He will stand for shareholder re-election at the 2010 Annual Meeting. Richard Lashley is the co-founder and co-owner of PL Capital, an investment management and advisory firm specializing in the banking industry that has been in existence since 1995. PL Capital is well known as a fierce advocate for shareholders' rights and proper corporate governance, and is one of the company's shareholders. Prior to forming PL Capital, Mr. Lashley held several high-ranking positions with KPMG Peat Marwick, the nation's professional services firm serving banks and thrifts, including Managing Director in the Financial Services Corporate Finance Practice and Assistant to the Director of KPMG's National Banking and Finance Practice.

State Bancorp Inc., Board Meeting, Oct 27, 2009 Agenda: To declare dividend; to elect Richard Lashley to the Company's Board of Directors.

State Bancorp Inc. - Conference Presentation Calls