Lyman Frank III has retired after 15 years of service as chairman of Sanibel Captiva Community Bank’s board of directors. A retired banker on Sanibel since the mid-1980s, Frank will remain on the board as a director.
David Owens, CPA, president and CEO of Midland IRA and 1031 Tax Free Strategies, has assumed chairmanship on the board. Owens has served on the bank’s board since the bank opened in 2003.
“Lyman has been with SanCap Bank since day one and we are truly appreciative of his unwavering service and dedication,” said Craig Albert, Sanibel Captiva Community Bank president and CEO. “We look forward to David’s service as our new bank chairman.”
Founded in 2003, Sanibel Captiva Community Bank has two locations on Sanibel and five additional locations in Fort Myers. The bank is nationally ranked in the top 20 as a best-performing community bank by S&P Global Market Intelligence out of more than 4,500 banks with assets under $1 billion. It is well-capitalized, with $415 million in total assets, and generates the highest return on equity of all Florida banks in excess of $155 million in total assets.