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State Bank Financial Corporation Reports Full Year and Fourth Quarter 2014 Financial Results

ATLANTA, Jan. 29, 2015 – State Bank Financial Corporation (Nasdaq:STBZ) today announced unaudited financial results for the full year and fourth quarter ended December 31, 2014. Full year net income for 2014 was $30.9 million, compared to $12.7 million for full year 2013. Net income for the fourth quarter of 2014 was $7.6 million, compared to $9.4 million for the fourth quarter of 2013 and $11.5 million for the third quarter of 2014.

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State Bank Financial Corporation Completes Merger with Georgia-Carolina Bancshares, Inc.

ATLANTA, January 2, 2015 – State Bank Financial Corporation announced the completion of its merger with Georgia-Carolina Bancshares, Inc. (OTCQB: GECR). The merger was completed on January 1, 2015, at which time Georgia-Carolina Bancshares was merged into State Bank Financial. First Bank of Georgia, a wholly-owned bank subsidiary of Georgia-Carolina Bancshares, will initially remain a separate bank subsidiary of State Bank Financial.

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