LAKE HAVASU CITY, Ariz., March 28, 2013 (GLOBE NEWSWIRE) -- State Bank Corp. (OTCBB:SBAZ) ("Company"), the holding company for Mohave State Bank ("Bank"), today announced a three percent stock dividend. The stock dividend was declared by the Board of Directors on March 28, 2013 to shareholders of record on April 12, 2013 and is payable on or about April 30, 2013.
"State Bank Corp. and Mohave State Bank are showing signs of recovery. The Board of Directors wishes to reward shareholders for their patience over the last few years. We sincerely appreciate the loyalty of our shareholders during the most recent challenging economic times," commented James E. Baker, Chairman of the Board.
About the Company
State Bank Corp., headquartered in Lake Havasu City, Arizona, is the parent company of Mohave State Bank, the largest locally-owned bank in Mohave County. Mohave State Bank 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. The Company 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
CONTACT: Brian M. Riley, President & CEO Craig Wenner, EVP/Chief Financial Officer Phone: (928) 855-0000
Source:State Bank Corp.