Friday, January 27, 2012

State Bank Corp Reports Fourth Quarter Results

LAKE HAVASU CITY, Ariz., Jan. 27, 2012 (GLOBE NEWSWIRE) -- State Bank Corp. (OTCBB:SBAZ) ("Company"), the holding company for Mohave State Bank ("Bank"), today announced net income of $137,000, or $0.02 per diluted share, for the quarter ended December 31, 2011, as compared to a net loss of $2.9 million, or $0.75 per diluted share, for the same period of 2010. For the year ended December 31, 2011, the Company reported net income of $542,000, or $0.10 per diluted share, as compared to a net operating l...continued
     

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