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Major General (Retired) Robert H. McMahon and John D. Houser Elected to State Bank Financial Corporation Board of Directors

ATLANTA and MACON, Ga., Oct. 2, 2012 (GLOBE NEWSWIRE) -- Major General (Retired) Robert H. McMahon and John D. Houser have been elected to the board of directors of State Bank Financial Corporation. McMahon was also elected to the board of directors of State Bank and Trust Company, where Houser continues to serve. McMahon retired on Sept. 1, 2012, as Commander, Warner Robins Air Logistics Center, Air Force Materiel Command, Robins Air Force Base, in Warner Robins, GA. Houser is President of Southern Trust Insurance Company based in Macon, GA.

"We are honored that Maj. Gen. McMahon has accepted our invitation to serve on the boards of State Bank and Trust Company and its holding company, State Bank Financial Corporation. Maj. Gen. McMahon is one of our nation's most distinguished military leaders and is a pillar of the Middle Georgia community," said Joe Evans, State Bank Chairman and CEO.

Robins Air Force Base is the largest employer in Middle Georgia and the largest single-site employer in the state. The base employs approximately 23,000 people, including 7,000 military members. State Bank has the largest share of combined bank deposits of any financial institution in the Middle Georgia markets we serve.

McMahon is the President/CEO of the 21st Century Partnership in Warner Robins, GA. The Partnership is a community-based organization focused on enhancing the military value of Robins Air Force Base. Immediately prior to retirement, General McMahon served as Commander of the Warner Robins Air Logistics Center, Robins Air Force Base, GA. The center is one of three Air Force air logistics centers and the largest single-site industrial complex in the state of Georgia. McMahon was born in Toledo, Ohio. He entered active duty after graduation from the U.S. Air Force Academy in 1978.

"Businesses and residents of Middle Georgia and those serving at Robins Air Force Base are important clients for State Bank," said Evans. "Maj. Gen. McMahon has a unique understanding of this community and he will help State Bank in its commitment to provide best-in-class service to all its customers."

John Houser is President and CEO of Macon-based Southern Trust Insurance Company, Southern Trust Corporation and Southern Specialty Underwriters, LLC. He served as a Director of Flag Financial Corporation from 2004 to 2006, and as Managing Partner of Miller Ray Houser & Stewart, a CPA firm in Atlanta, from 1994 to 2007.

"John Houser was one of our bank's original outside directors when we launched the organization in 2009," Evans said. "His business acumen coupled with his keen knowledge of the Macon business community makes him an invaluable member of the State Bank board. We appreciate his willingness to extend his service to our holding company as well."

About State Bank Financial Corporation and State Bank and Trust Company

State Bank Financial Corporation (Nasdaq:STBZ) is the holding company for State Bank and Trust Company, one of Georgia's best-capitalized banks, with approximately $2.67 billion in assets as of June 30, 2012. State Bank has locations in Metro Atlanta and Middle Georgia. State Bank Financial Corporation is headquartered in Atlanta, Georgia and State Bank and Trust Company is headquartered in Macon, Georgia.

State Bank was named the best performing community bank in the United States for 2011 by SNL Financial LC for banks between $500 million and $5 billion in assets. State Bank was also ranked fourth among the 195 banks in the $1 billion-to-$5 billion-asset category of Bank Director magazine's 2012 Bank Performance Scorecard, a ranking of U.S. publicly traded banks and thrifts based on 2011 calendar-year financials.

To learn more about State Bank, visit www.statebt.com

The State Bank Financial Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14370

CONTACT: Media Contact: David Rubinger for State Bank 404.255.8785 (o), 404-502-1240 (m) david@rubinger.com

Source:State Bank Financial Corporation