Sanibel Captiva Community Bank is pleased to announce Kyle DeCicco as bank president and chief executive officer, 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.
In his new role, DeCicco oversees all management and operations, while continuing to lead the bank’s commercial lending division. This leadership change represents the first time in the bank’s 20-year history it will operate under a new chief executive officer. Bank founder Craig Albert has served as president and CEO since the bank opened in 2003. He will continue to be involved, acting as chairman of the Sanibel Captiva Community Bank Board of Directors. DeCicco’s transition to bank president and chief executive officer is the final step in a leadership transition and succession plan the bank board of directors approved in 2021. It solidifies DeCicco’s leadership role and positions the bank for long-term success by continuing to deliver exceptional results for shareholders, customers, employees, and the community.
“This important leadership change represents the next chapter for SanCap Bank. 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,” said Craig Albert, chairman of the Sanibel Captiva Community Bank board of directors. “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 the Small Business Administration Paycheck Protection Program. 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 COVID-19 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 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, he 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 majority of which support local individuals and businesses seeking to launch a business, grow operations or purchase real estate.
He is a recent graduate of the American Bankers Association Stonier Graduate School of Banking at the Wharton School of the University of Pennsylvania. He also graduated from the Florida Bankers Association – Florida School of Banking and holds a bachelor’s degree in business administration from Florida Atlantic University.
As a Southwest Florida native, he is committed to supporting community organizations by serving as treasurer and board member of The Foundation for Lee County Public Schools and a member of the foundation’s Grant Selection Committee. He also serves on the Heights Elementary Student Advisory Committee and is a Captain-level Keel Club member of the United Way of Lee, Hendry and Glades, among other volunteer efforts.
Founded in 2003, 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. It is well-capitalized, with more than $729 million in total assets, and generates one of the highest returns on equity of all Florida banks. The bank employs more than 100 employees, and more than 60% are current shareholders.
Sanibel Captiva Community Bank’s team members provide customized individual and business banking services and specialize in residential and commercial lending. The bank offers free personal and business checking, deposit accounts with competitive interest rates, instant issue debit cards and a full array of digital banking products and services, including mobile banking apps, CardValet, online bill pay, Zelle®, Positive Pay and ACH Manager. To learn more, visit www.SanCapBank.com.