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Business Observer Wednesday, Jan. 12, 2022 6 days ago

Bank names first new president in nearly 20 years

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Kyle DeCicco has been with Sanibel Captiva Community Bank since 2016.

FORT MYERS — Sanibel Captiva Community Bank has promoted Kyle DeCicco to president — the first new banker in that role since founding president and CEO Craig Albert launched the bank in 2003.

Albert will remain CEO and on the Fort Myers-based bank’s board, according to a statement. DeCicco, a Business Observer 40 under 40 winner in 2018, has been on the bank’s executive management team since January 2020. Previously an executive vice president at the bank, DeCicco will oversee management and operations in his new role, while continuing his responsibilities as senior loan officer

DeCicco’s transition to bank president, say bank officials in the statement, “solidifies his leadership role in positioning the bank for long-term success…”

“This key promotion gives SanCap Bank a highly energized leader who is committed to driving responsible growth through our second decade of business,” says Albert in the statement. “It is my privilege to serve alongside Kyle and our entire SanCap Bank team to continue to meet the needs of our customers, employees and community.” 

DeCicco joined the bank in 2016 as vice president and commercial loan officer, focusing on commercial real estate lending and relationship development with local businesses and investors. He was instrumental in leading the bank’s efforts in administering the SBA Paycheck Protection Program in 2020 and 2021. Under his direction, the bank successfully secured over 1,100 loans totaling nearly $106 million, the release states, helping save nearly 10,000 Southwest Florida jobs in the wake of the pandemic. 

With over 15 years of banking experience, DeCicco, a native of Arlington, Virginia and a graduate of Florida Atlantic University, has worked in commercial real estate and lending, credit analysis, performing and nonperforming loan portfolio management and management of FDIC insured loss-share assets. His efforts have resulted in the bank closing nearly $300 million in commercial loans in six years, the release states, the majority of which support local individuals and businesses seeking to launch a business, grow operations or purchase real estate.

Sanibel Captiva Community Bank has two locations on Sanibel Island and six more locations throughout Lee County. It has more than $757 million in total assets, and generates one of the highest returns on equity of all Florida banks. The bank employs more than 105 employees, and more than 40% are current shareholders.

Sanibel Captiva is the second bank in the region to recently name a new president: The Bank of Tampa recently named T. Corey Neil president and CEO, replacing Bill West, who’ll stay on as CEO of the bank’s holding company.

 

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