LAKE HAVASU CITY, Ariz., Sept. 30, 2011 (GLOBE NEWSWIRE) -- Mohave State Bank ("Bank"), subsidiary of State Bank Corp. (OTCBB:SBAZ) ("Company"), today announced that it "SAYS NO" to recent debit card trends within the banking industry. Following announcements by large financial institutions to impose monthly fees on debit card customers and eliminate debit card rewards, Mohave State Bank welcomes impacted customers to Experience the Difference. Mohave State Bank does not impose fees for debit card usage.
"We welcome debit card users! The decision by other banks to impose fees for debit card usage seems to be very punishing and unfair," stated Brian M. Riley, President & CEO. "We are even implementing a debit card rewards program in October as part of a 20th Anniversary gift to our community. Details of the rewards program will be announced on October 14th."
Consumers affected by recent debit card fee announcements are encouraged to call or visit one of Mohave State Bank's convenient locations.
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.
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