Mark Nexsen Appointed to MSB Board

LAKE HAVASU CITY, Arizona, July 27, 2015 – State Bank Corp. (OTCQB: SBAZ), the holding company for Mohave State Bank, today announced that Mark S. Nexsen has been appointed to the Board of Directors of Mohave State Bank. Mr. Nexsen will also serve as the Chairman of the Audit Committee and Corporate Governance Committee.

“Mark is exceedingly well known in our community and highly respected,” stated Brian M. Riley, President and CEO. “He brings a wealth of experience in accounting and auditing, and will be a tremendous asset to our Board.”

Mr. Nexsen is currently completing his final term as Mayor of Lake Havasu City. Mark recently retired as a Certified Public Accountant after 37 years and while practicing was a member of the Arizona Society of Certified Public Accountants, the American Institute of Certified Public Accountants and the National Association of Tax Professionals. Prior to government, he was a senior partner in NSC Certified Public Accountants, LLC, after spending 22 years in auditing and assurance at Ernst & Young LLP. Mr. Nexsen graduated with honors with a bachelor’s degree in accounting from San Diego State University.

Mr. Nexsen will replace retiring Director Robert I. Rasmussen, who served on the Bank’s Board of Directors from 1994 to 2015. “We sincerely thank Bob for his 21 years of service on our Board of Directors,” said Riley. “His expertise in banking was an invaluable resource and we wish him well in his retirement.”