BNET Industries

State Bancorp Inc.

(STBC) is in the Financial Services Industry

Market Cap:$116.5M
Last Fiscal Year Sales:$116.4M
  • Public
  • US
Dow Jones Description

State Bancorp, Inc. (the "Company"), a one-bank holding company headquartered in Jericho, New York, was formed in 1985. The Company operates as the parent for its wholly owned subsidiary, State Bank of Long Island and subsidiaries (the "Bank"), a New York State chartered commercial bank founded in 1966, and its unconsolidated wholly owned subsidiaries, State Bancorp Capital Trust I and II (collectively called the "Trusts"), entities formed in 2002 and 2003, respectively, to issue trust preferred securities. The Bank, emphasizing high-quality personal service, conducts a general banking business focused on the small to mid-sized businesses and municipal markets in Long Island and New York City. The income of the Company is primarily derived through the operations of the Bank and its subsidiaries, SB Portfolio Management Corp. ("SB Portfolio") and New Hyde Park Leasing Corp. and its subsidiaries, P.W.B. Realty, L.L.C. and State Title Agency, LLC, and SB ORE Corp. As of December 29, 2008, SB Financial Services Corp. and SB Equipment Leasing Corp., formerly known as Studebaker-Worthington Leasing Corp., ("SB Equipment"), each formerly a wholly owned subsidiary of the Bank, were dissolved.

ChairmanThomas F. Goldrick
Number of Employees 295
Contact Information

699 Hillside Ave

New Hyde Park, New York 11040-2512

statebankofli.c...

(516) 465-2200

NAICS Code Commercial Banking: 522110

Recent Events

  • BRIEF-State Bancorp declares dividend

    4/29/09 - Stock Split / Dividend - View Story

  • TSC Rating's Updates: Kinder Morgan

    4/17/09 - Bond / Stock Rating - View Story

  • State Bancorp slips to loss in Q1 - Quick Facts

    4/15/09 - Financial Announcement - View Story

  • State Bancorp swings to 4Q loss 

    1/30/09 - New Investment - View Story

  • Sandler O'Neill & Partners LP reiterates State Bancorp Inc. at 'buy'

    1/07/09 - Bond / Stock Rating - View Story

News & Analysis

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state bancorp inc. - All News and Analysis

Additional Resources

  • Pacific State Bancorp Reports First Quarter Financial Results

    - 2009-05-01

    STOCKTON, Calif., May 1 /PRNewswire-FirstCall/ -- Rick D. Simas, Chief Executive Officer of Pacific State Bancorp (the "Company") , today reported an after tax net loss of $294,000 for the first quarter of 2009 for the Stockton, California based bank holding company. The first quarter net loss of...

  • North State Bancorp Reports First Quarter 2009 Results

    - 2009-04-20

    RALEIGH, N.C., April 20 /PRNewswire-FirstCall/ -- North State Bancorp (OTC Bulletin Board: NSBC the "Company"), the holding company for North State Bank, reported net income for the first quarter of $833,000 compared with $629,000 for the prior year first quarter, an increase of $204,000 or 32.4%. The increase...

  • PL Capital Encourages Shareholders to Withhold Their Vote for Certain Directors of State Bancorp, Inc

    - 2009-04-13

    NAPERVILLE, Ill., April 13 /PRNewswire/ -- PL Capital, LLC and its affiliates referred to collectively as PL Capital, the largest outside shareholder of State Bancorp, Inc. , plan to withhold their votes for the re-election of directors Christman, Liaw and Simons at the upcoming Annual Meeting of the Shareholders...

  • for the record

    - 2009-01-01

    FEDERAL RESERVE WEEKLY FILINGS Dec. 6: BHC3 Holding Company, Rapid City, S.D., authorized to become a bank holding company and to acquire Black Hills Community Bank. N.A., Rapid City. Peoples Ban:orp. Inc., Prairie du Chien, Wis., authorized to acquire Security State Bank, Guttenberg, Iowa. City State Bank....

  • for the record

    - 2008-12-15

    FEDERAL RESERVE WEEKLY FILINGS Nov. 22: Garnavillo Bank Corp.. Garnavillo, Iowa, authorized to engage in extending credit and servicing loans. Hoosier Heartland State Bancorp, Crawfordsville, Ind., authorized to become a bank holding company and to acquire Linden State Bancorp, Linden, and thereby acquire Linden State Bank, and to...

  • State Bank of Long Island reports profit fall

    - 2008-10-29

    New Hyde Park-based State Bancorp said Wednesday its third- quarter profit fell 35.5 percent on a year-over-year basis because of an increase in its provision for loan losses. The State Bank of Long Island parent reported profit of $2 million, or 14 cents per share, for the...

  • BellwetherReport.com Analyst Opinions on SSBX, AUTH, BKUNA and ZION

    - 2008-09-08

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

  • Silver State Bancorp Announces Appointment of Phillip C. Peckman to Its Audit Committee and Compliance with Nasdaq Audit Committee Composition Requirements

    - 2008-08-26

    HENDERSON, Nev. -- Silver State Bancorp (NASDAQ: SSBX), the holding company for Silver State Bank, announced today that the Company's Board of Directors, upon the recommendation of the Nominating and Governance Committee, appointed Mr. Phillip C. Peckman to the Company's Audit Committee on August 22, 2008. Mr. Peckman...

  • Silver State Bancorp Announces Noncompliance with Nasdaq Audit Committee Composition Requirements and Plans to Cure Deficiency

    - 2008-08-21

    HENDERSON, Nev. -- Silver State Bancorp (NASDAQ: SSBX), the holding company for Silver State Bank, announced today that the company received a letter on August 15, 2008 from the Nasdaq Stock Market indicating that the company no longer complies with the audit committee composition requirements as set forth in Marketplace...

Decision Makers

Name (plus bio) Position
Thomas M. O'Brien President and Chief Executive Officer
Suzanne H. Rueck President, Shr Design, Ltd.
Arthur Dulik Jr. Senior Vice President, Treasurer, Chief Financial Officer, Nycomed US Inc.
Brian K. Finneran Executive Vice President and Chief Financial Officer
Frederick C. Braun III Executive Vice President and Chief Lending Officer
Robert J. Valli Senior Vice President
Jeffrey N. Barber Vice President
Jeffrey S. Wilks Vice President & Director of New Business Development, Spiegel Associates
John F. Picciano Senior Partner, Picciano & Scahill, P.C.
Janice Clark Assistant Secretary
Patricia M. Schaubeck General Counsel

Board of Directors

Name (plus bio) Position
Thomas F. Goldrick Chairman
K. Thomas Liaw Chairman of The Department of Economics and Finance, St. John's University
Andrew J. Simons Board of Directors
Gerard J. McKeon Board of Directors
J. Robert Blumenthal Board of Directors
Joseph F. Munson Board of Directors
Lane Ludwig Board of Directors
Nicos Katsoulis Board of Directors
Richard W. Merzbacher Vice Chairman
Thomas E. Christman Board of Directors
Organization Position Status
State Bank of Long Island Chairman Current
New Hyde Park Leasing Corporation CEO Former
State Bank of Long Island CEO Former
State Bancorp, Inc. CEO Former

Thomas M. O'Brien was appointed CEO in April 2007. He was appointed President of the Bank in November 2006. Mr. O'Brien began his banking career in 1977 at North Side Savings Bank. He was appointed CEO in 1984 at age 33. In 1986, he led North Side's initial public offering, among the first savings banks to go public in New York State. Mr. O'Brien joined North Fork Bancorporation as Vice Chairman and a member of the Board of Directors in 1996 in conjunction with North Fork's acquisition of North Side. In 2000, he joined Atlantic Bank of New York as President and CEO and a member of the Board of Directors. Among Mr. O'Brien's current affiliations are: Chairman of the New York State Banking Association, Independent Trustee for Prudential Insurance Company's $65 billion mutual fund complex, Trustee for Catholic Healthcare System of New York and Catholic Healthcare Foundation, Inc., and Trustee for Niagra University. He has previously served as Trustee of Molloy College where he was awarded an Honorary Doctor of Laws, member of the National Advisory Board of Fannie Mae, and Advisory Board member for Neighborhood Housing Services of New York. Mr. O'Brien holds a B.A. from Niagra University, an M.B.A. from Iona College and has completed the Executive School of Banking at Fairfield University.

Organization Position Status
State Bancorp, Inc. President and Chief Executive Officer Current
State Bank of Long Island CEO Current
State Bancorp, Inc. Board of Directors Current
New York Commercial Bank President Former
Atlantic Bank of New York President Former
State Bancorp, Inc. Principal Executive Officer Former
Organization Position Status
State Bancorp, Inc. President, Shr Design, Ltd. Current
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bancorp, Inc. Senior Vice President, Treasurer, Chief Financial Officer, Nycomed US Inc. Current
State Bancorp, Inc. Board of Directors Current

Brian Finneran has been an Executive Vice President and CFO since 1997. Mr. Finneran was Senior Vice President and Comptroller from 1990 to 1997. Mr. Finneran holds an MBA from Pace University and a BBA from Bernard M. Baruch College. Mr. Finneran also holds the "Certified Risk Professional" designation from the Bank Administration Institute. Currently, Mr. Finneran is a member of the American Bankers Association Accounting Committee. He also serves as an Advisory Board member of the Brooklyn Diocese's Futures in Education Foundation. Mr. Finneran is also a member of the Queens Chamber of Commerce, the Financial Managers Society, the Institute of Managment Accountants, the Financial Executives Institute and the National Investor Relations Institute.

Organization Position Status
State Bancorp, Inc. Executive Vice President and Chief Financial Officer Current
State Bancorp, Inc. Secretary Current
State Bank of Long Island Executive Vice President Current
Queens Chamber of Commerce Board of Directors Current
Financial Managers Society, Inc Board of Directors Current
National Investor Relations Institute Board of Directors Current
New Hyde Park Leasing Corporation CFO Former
Bank Administration Institute Former
Pace University MBA Former
Baruch College BBA Former

Frederick Braun has been Executive Vice President since 1997. Mr. Braun was a Senior Vice President from 1991 to 1996. Mr. Braun holds a BS in Finance from Lehigh University. Currently, Mr. Braun is a Board Member and former Chairman of Brookhaven Memorial Hospital, Board Member and Chairman of Brookhaven Industrial Development Agency and a Board Member of Crime Stoppers. Mr. Braun received Nassau/Suffolk Council's 1996 Theodore Roosevelt Award for dedication and service to the health care industry.

Organization Position Status
State Bancorp, Inc. Executive Vice President and Chief Lending Officer Current
State Bank of Long Island Executive Vice President & Senior Lending Officer Current
State Bancorp, Inc. Senior Lending Officer & Executive Vice President Current
The Crimestoppers Board Member Current
Organization Position Status
State Bancorp, Inc. Senior Vice President Current
State Bank of Long Island Senior Vice President & Director, Municipal Business Current
Organization Position Status
State Bank of Long Island Vice President, Commercial Lending Current
State Bancorp, Inc. Vice President Current
Organization Position Status
State Bancorp, Inc. Vice President & Director of New Business Development, Spiegel Associates Current
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bancorp, Inc. Senior Partner, Picciano & Scahill, P.C. Current
State Bancorp, Inc. Board of Directors Current
New York Racing Association, Inc. President Former
Organization Position Status
State Bancorp, Inc. Assistant Secretary Current

Patricia M. Schaubeck, an attorney, has served as General Counsel of the Company and the Bank since 2007. Prior to joining the Bank, Ms. Schaubeck practiced law with the Long Island firm of Ruskin Moscou Faltischek, P.C. where she represented financial institutions and real estate clients from 2001 to May 2007. From 1999 to 2001, Ms. Schaubeck served as Associate General Counsel with Haven Bancorp, Inc. in Westbury, New York. Ms. Schaubeck has also been associated with White & Case, LLP and other New York City law firms as well as serving in various capacities with New York Bancorp, Inc., a Queens-based savings and loan holding company.

Organization Position Status
State Bancorp, Inc. General Counsel Current
St. John's University J.D. Former
St. John's University MBA Former

Array

Organization Position Status
State Bancorp, Inc. Chairman of The Department of Economics and Finance, St. John's University Current
Organization Position Status
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bancorp, Inc. Board of Directors Current
Organization Position Status
State Bank of Long Island President Current
State Bancorp, Inc. Vice Chairman Current
State Bancorp, Inc. Vice Chairman Current
The New York Bankers Association, Inc. Chairman Former
Long Island University MBA in Finance Former
Organization Position Status
State Bancorp, Inc. Board of Directors Current
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     STBC $7.78 -0.52 (-6.27% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 28,333
Shares Outstanding 14.59M
Market Cap 113.5M
Year High 17.02
Year Low 3.71
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

Financial Services Industry Companies

Company Employer Rating
Wells Fargo 3.3
IndustryTop Rated

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