State Bank and Trust Company Acquires Patriot Capital Corporation’s Equipment Finance Group
ATLANTA AND MACON, GA, October 22, 2015 – State Bank and Trust Company, a wholly-owned subsidiary of State Bank Financial Corporation (NASDAQ: STBZ), announced today that it has purchased the equipment finance origination platform of Patriot Capital Corporation, a leading provider of equipment financing to the retail petroleum industry.
View Press Release ›State Bank Financial Corporation Reports Third Quarter 2015 Financial Results
ATLANTA, October 22, 2015 - State Bank Financial Corporation (NASDAQ: STBZ) today announced operating income of $11.4 million, or $.31 per fully diluted share for the quarter ended September 30, 2015, compared to $7.7 million, or $.21 per fully diluted share for the second quarter of 2015. Interest income on loans improved to $24.2 million, a $1.1 million increase from the second quarter of 2015, and was driven by continued strong loan growth.
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