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Photo Release -- State Bank Promotes Deaton And Walczuk To New Senior Roles

Stocks in this article: STBZ

ATLANTA, Aug. 28, 2012 (GLOBE NEWSWIRE) -- State Bank and Trust Company announced today several executive promotions that will add depth and breadth to its leadership team as it continues on its path of building a dynamic super community bank.

Pete Walczuk
Pete Walczuk has been named State Bank's Chief Banking Officer
Steven Deaton
Steven Deaton has been named State Bank's first Enterprise Risk Officer

Photos accompanying this release are available at

http://www.globenewswire.com/newsroom/prs/?pkgid=14368

http://www.globenewswire.com/newsroom/prs/?pkgid=14369

Steven Deaton has been named State Bank's first Enterprise Risk Officer with overall risk management responsibility to include Regulatory Relations and Compliance, Loan Review and Audits. Pete Walczuk succeeds Deaton as State Bank's Chief Banking Officer, responsible for delivery of the overall client experience to include Retail and Commercial Banking, Commercial Real Estate, and Correspondent Banking. Walczuk was previously Chief Talent Officer for State Bank.

"Both Pete and Steven have been outstanding contributors to the success of State Bank," said Chairman and CEO Joe Evans. "As we build for the future, the State Bank board recognized the critical need to have a seasoned senior executive to oversee enterprise risk. Steven Deaton's extensive background and keen mind made him the perfect candidate to assume this important role." Before joining State Bank in 2009, Deaton had a career of more than 20 years in Georgia banking, including serving as Atlanta President for Flag Bank.

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