Mohave State Bank Announces New Executive Vice President and Chief Credit Officer


LAKE HAVASU CITY, Ariz., April 14, 2008 (PRIME NEWSWIRE) -- The Directors of Mohave State Bank, wholly owned subsidiary of State Bank Corp. (OTCBB:SBAZ), are pleased to announce that Brad Payne has joined Mohave State Bank as Executive Vice President and Chief Credit Officer. Brad will be working at the Main Branch located in Lake Havasu City, AZ.

Brad has twenty-two years of banking experience in commercial lending and has extensive experience in bank management. Until recently, Brad was division President at the Bank Of The Ozarks, Arkansas, for 3 years, where he was ultimately responsible for the entire lending portfolio for the division totaling $160 million. Prior to this, Brad was Executive Vice President at Regions Bank, Arkansas, where he was head of lending with an approximate portfolio of $180 million, and managed a staff of 41, including three branches.

"I'm extremely encouraged by Brad's level of enthusiasm for his new home and company. Brad's credentials will help us achieve our strategic objectives," states Ralph Tapscott, President and CEO.

Mr. Payne is married and resides with his wife and two sons in Lake Havasu City, AZ.



            

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