UNITED STATES
SECURITY AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13G

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

SP Bancorp, Inc.

(Name of Issuer)

Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

78468K106

(CUSIP Number)

December 31, 2013

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[  ] Rule 13d-1(b)

[ X ] Rule 13d-1(c)

[  ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.







CUSIP No. 78468K106

1 NAMES OF REPORTING PERSONS:
  • Oppenheimer-Spence Financial Services Partnership L.P.
  • Oppenheimer-Close International, Ltd.
  • Oppvest, LLC
  • Oppenheimer & Close, LLC
  • Philip V. Oppenheimer
  • Carl K. Oppenheimer
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  • (a) [  ]
  • (b) [  ]
3 SEC USE ONLY:
4 CITIZENSHIP OR PLACE OF ORGANIZATION:
  • Oppenheimer-Spence Financial Services Partnership L.P. - Delaware
  • Oppenheimer-Close International, Ltd. - Bermuda
  • Oppvest, LLC - Delaware
  • Oppenheimer & Close, LLC - Delaware
  • Philip V. Oppenheimer - U.S. Citizen
  • Carl K. Oppenheimer - U.S. Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER
  • Oppenheimer-Spence Financial Services Partnership L.P. - 84,670
  • Oppenheimer-Close International, Ltd. - 7,756
  • Oppvest, LLC* - 84,670
  • Oppenheimer & Close, LLC* - 7,756
  • Philip V. Oppenheimer* - 92,426
  • Carl K. Oppenheimer* - 92,426

*Oppvest, LLC (“Oppvest”), in its capacity as General Partner of Oppenheimer-Spence Financial Services Partnership L.P. (“Oppenheimer-Spence”), may be deemed an indirect beneficial owner of the 84,670 shares of the Issuer held by Oppenheimer-Spence. Oppenheimer & Close, LLC (“Oppenheimer & Close”), in its capacity as investment advisor of Oppenheimer-Close International, Ltd. (“Oppenheimer International”), may be deemed an indirect beneficial owner of the 7,756 shares of the Issuer held by Oppenheimer International. Mr. Philip Oppenheimer and Mr. Carl Oppenheimer, in their capacities as managing members of Oppvest and Oppenheimer & Close, may be deemed indirect beneficial holders of 92,426 shares of the Issuer, which include the 84,670 shares held by Oppenheimer-Spence and the 7,756 shares held by Oppenheimer International. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the “Act”), Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer and Mr. Carl Oppenheimer hereby declare that the filing of this Schedule 13G shall not be construed as an admission that Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer or Mr. Carl Oppenheimer is, for the purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G.

6 SHARED VOTING POWER

0

7 SOLE DISPOSITIVE POWER
  • Oppenheimer-Spence Financial Services Partnership L.P. - 84,670
  • Oppenheimer-Close International, Ltd. - 7,756
  • Oppvest, LLC* - 84,670
  • Oppenheimer & Close, LLC* - 7,756
  • Philip V. Oppenheimer* - 92,426
  • Carl K. Oppenheimer* - 92,426

*Oppvest, LLC (“Oppvest”), in its capacity as General Partner of Oppenheimer-Spence Financial Services Partnership L.P. (“Oppenheimer-Spence”), may be deemed an indirect beneficial owner of the 84,670 shares of the Issuer held by Oppenheimer-Spence. Oppenheimer & Close, LLC (“Oppenheimer & Close”), in its capacity as investment advisor of Oppenheimer-Close International, Ltd. (“Oppenheimer International”), may be deemed an indirect beneficial owner of the 7,756 shares of the Issuer held by Oppenheimer International. Mr. Philip Oppenheimer and Mr. Carl Oppenheimer, in their capacities as managing members of Oppvest and Oppenheimer & Close, may be deemed indirect beneficial holders of 92,426 shares of the Issuer, which include the 84,670 shares held by Oppenheimer-Spence and the 7,756 shares held by Oppenheimer International. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the “Act”), Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer and Mr. Carl Oppenheimer hereby declare that the filing of this Schedule 13G shall not be construed as an admission that Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer or Mr. Carl Oppenheimer is, for the purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G.

8 SHARED DISPOSITIVE POWER

0

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
  • Oppenheimer-Spence Financial Services Partnership L.P. - 84,670
  • Oppenheimer-Close International, Ltd. - 7,756
  • Oppvest, LLC* - 84,670
  • Oppenheimer & Close, LLC* - 7,756
  • Philip V. Oppenheimer* - 92,426
  • Carl K. Oppenheimer* - 92,426

*Oppvest, LLC (“Oppvest”), in its capacity as General Partner of Oppenheimer-Spence Financial Services Partnership L.P. (“Oppenheimer-Spence”), may be deemed an indirect beneficial owner of the 84,670 shares of the Issuer held by Oppenheimer-Spence. Oppenheimer & Close, LLC (“Oppenheimer & Close”), in its capacity as investment advisor of Oppenheimer-Close International, Ltd. (“Oppenheimer International”), may be deemed an indirect beneficial owner of the 7,756 shares of the Issuer held by Oppenheimer International. Mr. Philip Oppenheimer and Mr. Carl Oppenheimer, in their capacities as managing members of Oppvest and Oppenheimer & Close, may be deemed indirect beneficial holders of 92,426 shares of the Issuer, which include the 84,670 shares held by Oppenheimer-Spence and the 7,756 shares held by Oppenheimer International. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the “Act”), Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer and Mr. Carl Oppenheimer hereby declare that the filing of this Schedule 13G shall not be construed as an admission that Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer or Mr. Carl Oppenheimer is, for the purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G.

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

[  ]

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
  • Oppenheimer-Spence Financial Services Partnership L.P. - 5.4%
  • Oppenheimer-Close International, Ltd. - 0.5%
  • Oppvest, LLC* - 5.4%
  • Oppenheimer & Close, LLC* - 0.5%
  • Philip V. Oppenheimer* - 5.9%
  • Carl K. Oppenheimer* - 5.9%

*Oppvest, LLC (“Oppvest”), in its capacity as General Partner of Oppenheimer-Spence Financial Services Partnership L.P. (“Oppenheimer-Spence”), may be deemed an indirect beneficial owner of the 5.4% of the Issuer’s Common Stock owned by Oppenheimer-Spence. Oppenheimer & Close, LLC (“Oppenheimer & Close”), in its capacity as investment advisor of Oppenheimer-Close International, Ltd. (“Oppenheimer International”), may be deemed an indirect beneficial owner of the 0.5% of the Issuer’s Common Stock owned by Oppenheimer International. Mr. Philip Oppenheimer and Mr. Carl Oppenheimer, in their capacities as managing members of Oppvest and Oppenheimer & Close, may be deemed indirect beneficial holders of 5.9% of the Issuer’s Common Stock, which include the 5.4% owned by Oppenheimer-Spence and the 0.5% owned by Oppenheimer International. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the “Act”), Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer and Mr. Carl Oppenheimer hereby declare that the filing of this Schedule 13G shall not be construed as an admission that Oppvest, Oppenheimer & Close, Mr. Philip Oppenheimer or Mr. Carl Oppenheimer is, for the purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Schedule 13G.

12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  • Oppenheimer-Spence Financial Services Partnership L.P. - PN
  • Oppenheimer-Close International, Ltd. - FI
  • Oppvest, LLC - OO (Limited Liability Company)
  • Oppenheimer & Close, LLC - OO (Limited Liability Company)
  • Philip V. Oppenheimer - IN
  • Carl K. Oppenheimer - IN

SCHEDULE 13G

Item 1(a)
Name of Issuer.
SP Bancorp, Inc.
Item 1(b)
Address of Issuer’s Principal Executive Offices.
5224 W. Plano Parkway
Plano, TX 75093
Item 2(a)
Name of Person Filing.
  • Oppenheimer-Spence Financial Services Partnership L.P.
  • Oppenheimer-Close International, Ltd.
  • Oppvest, LLC
  • Oppenheimer & Close, LLC
  • Philip V. Oppenheimer
  • Carl K. Oppenheimer
Item 2(b)
Address of Principal Business Office or, if none, Residence.

119 West 57th Street, Suite 1515
New York, NY 10019
Item 2(c)
Citizenship.
  • Oppenheimer-Spence Financial Services Partnership L.P., Oppvest, LLC and Oppenheimer & Close, LLC are all organized under Delaware law.
  • Oppenheimer-Close International, Ltd. is organized under Bermuda law.
  • Mr. Philip V. Oppenheimer and Mr. Carl K. Oppenheimer are both U.S. citizens.
Item 2(d)
Title of Class of Securities.

Common Stock, Par Value $0.10 Per Share