Sanibel Captiva Community Bank, coming off a difficult end to 2022 with Hurricane Ian, is starting the new year with a major announcement: bank president Kyle DeCicco was promoted to the CEO role, effective Jan. 1.
DeCicco has been a member of the bank’s executive management team since January 2020 and was named president in January 2022. Founding president and CEO Craig Albert, who launched the bank in 2003 and is the only other person to have those roles, will remain with the bank as chair of the board. The bank has $729 million in assets and more than 100 employees.
In his new role, DeCicco, a Business Observer 40 Under 40 winner in 2018, will oversee all management and operations, while continuing to lead the bank’s commercial lending division, according to a statement. DeCicco’s transition to bank president and CEO is the final step in a leadership transition and succession plan the bank board of directors approved in 2021, the release states.
“This important leadership change represents the next chapter for SanCap Bank," Albert says in the statement. "Kyle is a well-regarded leader and is an ideal fit to lead the bank into our third decade of service to the Southwest Florida community.
"Kyle has been an integral member of our team. He has demonstrated strong leadership and business acumen that have played a critical role in the bank’s continued success. The entire board and I have absolute faith that Kyle is the right choice for the bank’s next chapter.”
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. In 2020 and 2021, he was instrumental in leading the bank’s efforts in administering PPP loans. Under his direction, the bank successfully secured over 1,100 loans totaling nearly $106 million, helping save nearly 10,000 Southwest Florida jobs in the wake of the pandemic. Under his direction after Hurricane Ian, the bank has already processed over $30 million dollars in loans directly supporting recovery and rebuilding efforts, the release adds. The bank expects those loan figures to continue to increase over the next year as it commits to continuing to assist customers in the rebuilding process.
With over 16 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 $400 million in commercial loans in seven years, the release states.
Sanibel Captiva Community Bank has six open locations throughout Lee County. The bank is nationally ranked in the top 2% best-performing community banks by S&P Global Market Intelligence out of more than 4,400 banks with assets under $1 billion.