Quaint Oak Bancorp, Inc. Announces Repurchase Program of up to 69,431 Shares

Quaint Oak Bancorp, Inc. (QNTO) announced today that on September 8, 2010, its Board of Directors approved the adoption of its third stock repurchase program of up to an additional 69,431 shares, or approximately 6.2% of the Company's current outstanding shares of common stock. The Company will commence its third stock repurchase program upon the completion of its prior repurchase program which has 20,205 shares remaining to be purchased. Repurchases will be made by the Company from time to time in open-market or privately-negotiated transactions or otherwise as, in the opinion of management, market conditions warrant.