LAKE HAVASU CITY, Ariz., March 27, 2008 (PRIME NEWSWIRE) -- State Bank Corp. (OTC BB:SBAZ.OB - News), the holding company for Mohave State Bank, declared a cash dividend. The Board of Directors of State Bank Corp., at their regular meeting of March 27, 2008, declared the payment of a cash dividend of ten cents per share to shareholders of record at the close of business on April 10, 2008. The dividend is payable on April 17, 2008.

The Bank held their Annual Shareholders meeting on March 27, 2008, in Lake Havasu City, during which the shareholders approved all proxy items.

Mohave State Bank is a full service bank providing deposit and loan products, and convenient on-line banking to individuals, businesses and professionals. Mohave State Bank was established in October 1991, in Lake Havasu City, Arizona. The Bank has five convenient locations throughout Mohave County, Arizona and a branch in Yuma, Arizona.

This press release may include forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the Company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

          State Bank Corp.
          Ralph Tapscott
          Vic Berbano
          (928) 855-0000
          www.mohavestbank.com