SP Bancorp, Inc. Recognized for Workplace Culture by Two Publications

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PLANO, Texas, Nov. 13, 2013 (GLOBE NEWSWIRE) -- SP Bancorp, Inc. (Nasdaq:SPBC) (the "Company"), the holding company for SharePlus Federal Bank (the "Bank"), announced that SharePlus has been recognized for workplace culture by two publications.

SharePlus has been named one of the Best Banks to Work For by American Banker Magazine, placing number 15 in the under $3 billion company category. In addition, for the second time since its public offering in 2010, SharePlus has been named as one of The Dallas Morning News' Top 100 Places to Work in Dallas-Fort Worth.

"We are honored to be recognized as a best place to work by these two publications," said Jeff Weaver, President and CEO. "We strive to cultivate an environment where people enjoy coming to work and want to give their best every day. Our employees are an integral part of our commitment to serve our customers and our communities, and these awards reflect that dedication."

The Best Banks to Work For program, which was initiated in 2013 to identify, recognize and honor the best banks to work for in the nation, is a project of American Banker and Best Companies Group. Only 35 banks achieved "Best Bank" status in this inaugural program. Qualifying companies were evaluated by the bank's workplace policies, practices, and demographics, as well as an employee survey aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. For more information on the Best Banks to Work For program, visit www.BestBankstoWorkFor.com.

The Dallas Morning News had over 1,000 companies in the Dallas-Fort Worth area apply to be considered for the top 100 ranking. The 100 companies were selected based on anonymous employee surveys that asked employees their opinions on six key areas of the workplace, including direction, execution, career, conditions, managers, and pay and benefits. This is the Dallas Morning News' fifth annual Top 100 Places to Work survey. To view a video about SharePlus, click here: http://www.dallasnews.com/video/bc/?bcid=2826804392001. To see the entire Top 100 Places to Work list, click here: www.dallasnews.com/top100.

About SP Bancorp, Inc.

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 Bank is a headquartered in Plano, Texas with assets exceeding $300 million. The Bank operates as a full-service bank, providing services, including the acceptance of checking and savings deposits, the origination of one- to four-family residential mortgage, mortgage warehouse, commercial real estate, commercial business, home equity, automobile and personal loans. In addition to the Bank's home office in Plano, Texas, the Bank has three branches: one located near downtown Dallas, Texas; one located near the Bank's headquarters in Plano, Texas; and one located in Louisville, Kentucky.

This press release may contain "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements concerning the Company's performance and/or use terminology such as "believe," "expect," "in the long run," and variations of such words and similar expressions. Such statements reflect the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by these statements. In evaluating these statements, you should carefully review the risk factors detailed under "Risk Factors" in our most recent filings with the Securities and Exchange Commission that may cause our actual results to differ materially from these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

CONTACT: INVESTOR CONTACT Jeffrey Weaver, President and CEO 972.931.5311

Source:SP Bancorp, Inc.