Sunshine Bancorp, Inc. Announces Closing of Equity Raise

PLANT CITY, Fla.--(BUSINESS WIRE)-- Sunshine Bancorp, Inc. (NASDAQ: SBCP), the parent company of Sunshine Bank, announced that on December 4, 2015 it completed the previously announced sale of 875,000 shares of common stock at a price of $13.92 per share to institutional and accredited investors in a private placement. The Company received net proceeds of approximately $11.5 million from the private placement. The Company intends to use the net proceeds of the offering for general corporate purposes.

Raymond James & Associates, Inc. served as sole placement agent for the private placement.

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. Sunshine Bank serves individual and business customers from ten branch locations and two loan production offices in Hillsborough, Pasco, Polk, Manatee, and Orange Counties, Florida. Sunshine’s common stock is traded on the NASDAQ Capital Market under the symbol “SBCP.” For further information, visit the Company website at www.mysunshinebank.com. Member FDIC \\ Equal Housing Lender.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151205005035/en/

Sunshine Bancorp, Inc.
Brent S. Smith, 813-365-4334

Source: Sunshine Bancorp, Inc.

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