State Bank Corp Reports First Quarter Results

Press Release Source: State Bank Corp. State Bank Corp Reports First Quarter Results On Thursday April 30, 2009, 9:00 am EDT LAKE HAVASU CITY, Ariz., April 30, 2009 (GLOBE NEWSWIRE) -- State Bank Corp. (OTC BB:SBAZ.OB) (``Company''), the holding company for Mohave State Bank (``Bank''), announced a net operating loss of $1.04 million, or $0.27 per diluted share, for the first quarter of 2009 as compared to net income of $1.06 million, or $0.28 per diluted share, for the same period of 2008. The net operating loss in 2009 is primarily attributable to a $2.5 million increase in
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State Bank Corp. Announces CEO Retirement and Suspension of Cash Dividend

(OTCBB:SBAZ) State Bank Corp. Press ReleaseSource: State Bank Corp. State Bank Corp. Announces CEO Retirement and Suspension of Cash DividendFriday March 20, 7:00 am ET LAKE HAVASU CITY, Ariz., March 20, 2009 - State Bank Corp. , the holding company for Mohave State Bank, recently announced the retirement of its President & CEO, Ralph E. Tapscott. Mr. Tapscott announced his retirement at the Company's Annual Meeting of Shareholders held on March 19, 2009. The retirement is effective March 31, 2009. ``We want to thank Ralph for his leadership during the past seven years. He guided us through one of the most significant growth periods in the Bank's history. We wish him well in all of his future endeavors,'' commented James E. Baker, Chairman of the Board. A successor to Mr. Tapscott will be announced by the Board of Directors
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State Bank Corp. Reports Fourth Quarter and 2008 Results

(OTCBB:SBAZ) State Bank Corp. Press ReleaseSource: State Bank Corp. State Bank Corp. Reports Fourth Quarter and 2008 ResultsMonday February 2, 8:39 pm ET LAKE HAVASU CITY, Ariz., Feb. 2, 2009 - State Bank Corp. , the holding company for Mohave State Bank , announced net income for 2008 of $2.34 million, or $0.61 per diluted share, as compared to $5.52 million, or $1.42 per diluted share, in 2007. The decrease is primarily attributable to an $826,000 drop in net interest income and a $3.95 million increase in the provision for loan losses. During the fourth quarter of 2008, the Company reported a net operating loss of , or per diluted share, as compared to net income of $1.29 million, or $0.33 per diluted share, in the same period of 2007. The quarterly loss was primarily attributable to an increase in the Company's provision for
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State Bank Corp. Reports Third Quarter 2008 Results

(OTCBB:SBAZ) State Bank Corp. Press ReleaseSource: State Bank Corp. State Bank Corp. Reports Third Quarter 2008 ResultsMonday October 27, 8:07 pm ET LAKE HAVASU CITY, Ariz., Oct. 27, 2008 - State Bank Corp. , the holding company for Mohave State Bank , announced third quarter 2008 net income of $621,000, a decrease of $908,000, or 59.4 percent, from the $1.52 million reported for same period of 2007. Earnings per diluted share were $0.16 compared with $0.39 for the prior-year third quarter, a decrease of 58.9 percent. For the nine months of 2008, net income was $2.93 million, or $0.76 per diluted share, compared to $4.22 million, or $1.08 per diluted share for the same period of 2007, down 30.6 percent and 29.6 percent, respectively. The decrease in net income for both periods was primarily attributable to increased loan loss pr
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