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State Bank of Long Island to Convert Fleet to Hybrids

July 27, 2007

JERICHO, N.Y. - State Bank of Long Island will change its vehicle fleet, including those assigned to bank executives, to hybrid vehicles. The changeover has already begun and is expected to be completed over the next several months.

"State Bank is proud to do our part in protecting the environment through the implementation of alternative energy policies and investments," stated President and CEO Tom O'Brien. "In order to convey my personal interest and the bank's commitment to a cleaner environment, I have been driving low-emission, hybrid vehicles for several years and am pleased with the performance, and delighted with the fuel efficiency. Our current bank initiatives are a first step in what will be a continuing effort to explore and implement other advanced environmental and power consumption management programs throughout our many facilities. We believe that in so doing, we contribute to maintaining the environmental beauty and vitality of Long Island and raise general awareness of the need to conserve limited natural resources."

State Bancorp, Inc., is the holding company for State Bank of Long Island, the largest independent commercial bank headquartered on Long Island. In addition to its sixteen branch locations throughout Nassau, Suffolk and Queens Counties, the Bank owns Jericho, N.Y.-based Studebaker-Worthington Leasing Corp., a nationwide provider of business equipment leasing.

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