State Bank Corp Increases Annual Cash Dividend 43% to $0.10 Per Share
GlobeNewswire - Fri Jan 22, 12:18PM CST
State Bank Corp. (OTCQB:SBAZ), the holding company for Mohave State Bank, today announced its Board of Directors increased its annual cash dividend by 43% to $0.10 per share. The dividend will be payable February 26, 2016, to shareholders of record on February 12, 2016.
Mohave State Bank Announces Retirements of Two Founding Board Members
GlobeNewswire - Tue Sep 29, 5:24PM CDT
State Bank Corp. (OTCQB:SBAZ), the holding company for Mohave State Bank, today announced that Dr. William J. Dooley, Jr. and John Marshall have retired from the Board of Directors of State Bank Corp. and Mohave State Bank.
Mohave State Bank Appoints Mark Nexsen to Its Board of Directors
GlobeNewswire - Mon Jul 27, 12:41PM CDT
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.
State Bank Corp. Announces Stock Repurchase Program
GlobeNewswire - Fri Jul 24, 12:15PM CDT
State Bank Corp. (OTCQB:SBAZ), the holding company for Mohave State Bank, today announced that its Board of Directors has authorized the repurchase of up to $1,000,000 of the outstanding common stock of the company. Stock repurchases may be made from time to time on the open market or through privately negotiated transactions. The timing of purchases and the exact number of shares to be purchased will depend on market conditions. The share repurchase program does not include specific price targets or timetables and may be suspended at any time.
State Bank Corp. Agrees to Sell Yuma Branch to 1st Bank Yuma
GlobeNewswire - Tue Mar 31, 12:00PM CDT
State Bank Corp. (OTCQB:SBAZ), the holding company for Mohave State Bank, today announced that it has entered into a purchase agreement to sell its Yuma branch facility to 1 Bank Yuma in a transaction valued at approximately $750,000 (deposit premium of 4.45%) plus the purchase price of the real estate and equipment. The transaction incorporates the transfer of approximately $17 million in deposits along with the sale of approximately $18 million in loans.