Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend

Quaint Oak Bancorp, Inc. (OTCBB:QNTO) (the "Company"), the holding company for Quaint Oak Bank (the "Bank"), announced today that its Board of Directors at their meeting on January 12, 2011 declared a quarterly cash dividend of $.03 per share on the common stock of the Company payable on February 7, 2011, to the shareholders of record at the close of business on January 24, 2011.

Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak Bank. Quaint Oak Bank is a Pennsylvania-chartered stock savings bank headquartered in Southampton, Pennsylvania and conducts business through its two banking offices located in Bucks County and Lehigh County, Pennsylvania.

The Quaint Oak Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4654  Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." We undertake no obligation to update any forward-looking statements.

CONTACT: Quaint Oak Bancorp, Inc.
         Robert T. Strong, President and Chief Executive Officer
         [phone]