Company Release – December 1, 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 promotion of Nick Thurston as SVP, regional president of Eastern Hillsborough and Pasco Counties.  In his role, Thurston will be responsible for managing all operational and business development aspects of the region, including three business bankers and commercial relationship managers and five branch locations.

“We are pleased to promote Nick to Regional President because of his energy, solid retail and commercial background, and knowledge of the local market,” said Andrew Samuel, president and chief executive officer. “His strong leadership skills will prove to be valuable as he continues to grow this region.”

Thurston, with over 16 years of banking experience, has been with Sunshine Bank since July 2015 as VP, business banking manager.  Nick resides in Plant City with his family and is an active member of the local community.

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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.