SharePlus Federal Bank Promotes Suzanne Salls to Executive Vice President and Chief Financial Officer

SharePlus Federal Bank Promotes Suzanne Salls to Executive Vice President and
Chief Financial Officer

PLANO, Texas, Feb. 4, 2013 (GLOBE NEWSWIRE) -- Jeff Weaver, President and CEO
of SP Bancorp, Inc. (Nasdaq:SPBC) (the "Company"), the holding company for
SharePlus Federal Bank (the "Bank"), today announced the promotion of Suzanne
Salls to Executive Vice President and Chief Financial Officer.

"I am pleased to announce Suzy's promotion to Executive Vice President and
Chief Financial Officer," said Jeff Weaver, President and CEO. "When Suzy was
hired in 2005 to be the CFO of SharePlus, we were a recently converted credit
union with about $160 million in assets. Since that time, the Bank has grown
over $110 million or 68%, and completed a successful public offering in 2010.
Suzy's efforts were critical throughout the IPO process, and she continues to
play a strategic role in our pursuit of becoming a top performing community
bank. We are extremely proud of Suzy and look forward to her contributions in
driving the future success of our organization."

Suzy has more than 20 years of experience as the chief financial officer of
community banks, with eight years at SharePlus. She began her career as an
auditor with KPMG and later transitioned into banking, serving various
accounting and management roles in several Texas community banks. She is a
Certified Public Accountant and holds a Bachelor of Business Administration in
Accounting from Texas Tech University.

SharePlus Federal Bank is a full service community bank headquartered in
Plano, Texas with assets exceeding $280 million. The bank has six locations:
three in Dallas-Fort Worth, as well as two in Louisville, Kentucky and one in
Irvine, California. SharePlus provides a full range of lending and deposit
services to both businesses and families throughout their market areas.

SP Bancorp, Inc. is the holding company for SharePlus Federal Bank. Shares of
the common stock of SP Bancorp, Inc. trade on the Nasdaq Capital Market under
the ticker symbol "SPBC." The Company maintains a website at www.shareplus.com
that includes information on the Company and the Bank, including the Bank's
products and services, branch locations and hours, current Company financial
information, and links to Company filings with the Securities and Exchange
Commission.

The SP Bancorp, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7951

CONTACT: Jeffrey Weaver, President and CEO
         972.931.5311

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