Exhibit 99.1
Xxxxxxx Xxxxxxx, Director of Corporate Communications 2/7/05
xxxxxxxx@xxxxxxxxxxxxx.xxx (000) 000-0000
STATE BANK OF LONG ISLAND TO OPEN NEW
BRANCH IN WESTBURY
--------------------------------
Jericho, New York, February 07, 2005 - State Bank of Long Island, principal
subsidiary of State Bancorp, Inc. (STB), has signed a lease on property located
at 0000 Xxx Xxxxxxx Xxxx xx Xxxxxxxx. This space will house the Bank's sixteenth
branch. The branch, currently under renovation, is due to open mid-year 2005.
"We are looking forward to extending our branch network to the Westbury
community," stated Xxxxxx X. Xxxxxxxx, State Bank Chairman and CEO. "We at State
Bank believe that our highly personalized style of banking will be very
attractive to the businesses and residents of Westbury." For nearly four
decades, State Bank has been helping Long Island customers manage their finances
more efficiently by providing innovative and flexible solutions to their banking
needs. The Bank has established a well-deserved reputation for building
long-term customer relationships.
State Bank of Long Island is the largest independent commercial bank
headquartered in Nassau County. In addition to its fifteen branch locations
throughout Nassau, Suffolk and Queens Counties, the Bank owns N.Y.-based
Xxxxxxxxxx-Xxxxxxxxxxx Leasing Corp. and maintains a lending facility in
Jericho. Ranking among the highest performing banks in New York State, State
Bank has a consistent track record of measured, orderly growth and has built a
reputation for providing high-quality personal service to meet the needs of
commercial, small business, municipal and consumer markets throughout Long
Island. The Company maintains a world wide web site at xxx.xxxxxxxxxxxxx.xxx
with corporate, investor and branch banking information.
