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SUNSHINE BANK CELEBRATES THE OPENING OF ITS NEWEST LOCATION IN DOWNTOWN ORLANDO

March 9, 2016

Company Release – February 17, 2016

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 opening of Sunshine Bank’s Downtown Orlando location at 111 North Magnolia Avenue, Suite 100. This office expands the company’s footprint to 12 locations, stretching along the I-4 corridor from Orlando to Tampa, and south to Sarasota. Sunshine Bank expects to open a full service branch at this location by end of first quarter 2016.

Guy Michel, Sunshine Bank Regional President of Greater Orlando Region, said, “Sunshine Bank’s mission is to positively impact lives by providing our customers with uncompromising service and products and services that help them achieve their dreams. We are excited to expand our footprint into the Orlando region and look forward to building lasting relationships in the community.”

Thomas Chatmon, Executive Director of the Downtown Development Board, presented a proclamation from Mayor Buddy Dyer welcoming Sunshine Bank to Downtown Orlando and declaring February 16, 2016 as “Sunshine Bank Day.”

Sunshine Bank donated $500 to Legal Aid Society of the Orange County Bar Association. Legal Aid Society provides legal services for low-income residents and disadvantaged groups in Orlando and surrounding areas.

SUNSHINE BANK RIBBON CUTTING

Sunshine Bank celebrated the opening of its Downtown Orlando location on February 16, 2016 with a ribbon cutting ceremony.

Pictured from Left to Right: Thomas Chatmon (Executive Director of the Downtown Development Board); Kenneth Compton (Sunshine Bancorp Board of Director); Guy Michel (Sunshine Bank Regional President of Greater Orlando Region); Belinda Cooper (Sunshine Bank Orlando Market Manager); John Finley (Sunshine Bancorp Chief Financial Officer); Scott Pamplin (President of Downtown Orlando Partnership); Richard Dellinger (President of Legal Aid Society and Orange County Bar Association)

CHARITY CHECK PRESENTATION

Sunshine Bank presents a donation of $500 to Legal Aid Society of the Orange County Bar Association.

Pictured from Left to Right: Guy Michel (Sunshine Bank Regional President of Greater Orlando Region); Richard Dellinger (President of Legal Aid Society and Orange County Bar Association); Larri Thatcher (Legal Aid Society); Donna Haynes (Legal Aid Society); Thomas Chatmon (Executive Director of the Downtown Development Board)

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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.

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