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State Bancorp CEO upping stake in company

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State Bancorp CEO upping stake in company

State Bancorp Inc. President, CEO and director David Thomas will see his stake in the Bruceton Mills, W.Va.-based company nearly triple following a change in control of voting shares.

Thomas, who currently has a 10.23% stake, is set to see the figure grow to 29.66% as a result of the transfer of control of shares under trusts previously affiliated with his brother, late CEO Brian Thomas.