Mar 06, 2015 - State Bank Corp.
State Bank Corp. Declares Annual Cash Dividend
LAKE HAVASU CITY, Ariz., March 5, 2015 (GLOBE NEWSWIRE) -- State Bank Corp. (OTCBB:SBAZ) ("Company"), the holding company for Mohave State Bank ("Bank"), today announced a $0.07 per share annual cash dividend. The dividend was declared by the Board of Directors on March 5, 2015, to shareholders of record on March 20, 2015, and is payable on or about April 10, 2015. The dividend represents a payout ratio of approximately 20 percent of 2014 core earnings.
"This is our first cash dividend since 2008 and a reflection of the progress that both State Bank Corp. and Mohave State Bank continue to make. We appreciate the patience of our shareholders during the last few years," commented Brian M. Riley, President & Chief Executive Officer.
(GLOBE NEWSWIRE March 5, 2015)