Company Release – December 16, 2015

PLANT CITY, FL – Andrew Samuel, president, chief executive officer, and director of Sunshine Bancorp, Inc. (NASDAQ: SBCP) and Sunshine Bank, is pleased to announce the appointment of Dona Macomber as branch sales manager for the Plant City and Zephyrhills offices. In this role, Macomber will be responsible for managing the daily operations of both branches and developing relationships with retail customers.

“Dona’s desire to build relationships within the community and help customers achieve their dreams, along with her track record of retail banking success will drive significant growth for our Plant City and Zephyrhills offices,” said Nick Thurston, SVP, regional president of Eastern Hillsborough and Pasco Counties. “We are excited to have her join our team.”

Macomber has over 25 years of retail banking experience and has exceeded multiple sales goals. Prior to joining the organization, she served as branch manager at larger financial institutions including Chase Bank and SunTrust Bank.

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About Sunshine Bancorp, Inc.

Sunshine Bancorp, Inc. was formed in 2014 as the holding company for Sunshine Bank.  The Company was first organized in 1954 in Plant City.  In 2014 after converting from the mutual form of organization to the stock form, the current name of Sunshine Bank was adopted.  Operations are conducted from the main office in Plant City, Florida, with 10 branch offices and 2 loan production offices throughout Hillsborough, Manatee, Orange, Pasco, Polk and Sarasota Counties. Sunshine’s common stock is traded on the NASDAQ Capital Market under the symbol “SBCP.”  For further information, visit the Company website www.mysunshinebank.com.  Member FDIC, Equal Housing Lender.