SP Bancorp, Inc. is the holding company for SharePlus Bank, a state chartered commercial bank headquartered in Plano, Texas. SharePlus provides commercial, mortgage, and consumer banking services to individuals, families and businesses through our four banking offices. We have both the headquarters and one branch in Plano, another just north of downtown Dallas, and we also operate a branch in Louisville, Kentucky.
SharePlus Bank was organized in August 1958, in Dallas, Texas, and was initially named Frito Employees Federal Credit Union. In 1986, that entity merged with Lays Employees Savings and Loan, to form Frito-Lay Federal Credit Union. In October 1993, the name was changed to SharePlus Federal Credit Union to reflect its broadening customer base. The credit union converted to a mutual savings bank on October 1, 2004, with the goal of becoming a growing and profitable community bank. SP Bancorp, Inc. was formed in 2010 and the Initial Public Offering was completed in October of that year. The stock traded for the first time on November 1, 2010. The bank converted to a state commercial bank charter in December of 2013.