Sanibel Captiva Community Bank Celebrates 20th Anniversary

provided to The Santiva Chronicle

FORT MYERS, Fla. – Sanibel Captiva Community Bank is celebrating 20 years of business in Lee County this year, a milestone reached with steady growth and an unwavering commitment to the Southwest Florida community.

The bank was founded and chartered on Sanibel in 2003 by former President and CEO Craig Albert as a locally owned and operated community bank, primarily serving the residents and businesses of Sanibel and Captiva islands. In 2023, SanCap Bank now has eight locations throughout Lee County, over 100 employees and nearly $750 million in total assets. The bank has a customer base of over 15,000, $680 million in deposits and close to $600 million in loans.

In 2008, the bank added a residential lending division with two employees. Today, the residential lending team makes up almost 25% of employees and has funded over $2.5 billion in residential loans. A commercial lending department was added in 2016 and has successfully closed $500 million in commercial loans.

The bank enters its 20th year under the leadership of a new president and chief executive officer, Kyle DeCicco. DeCicco was named the bank’s president and chief executive officer on Jan. 1 after bank founder Craig Albert transitioned to chair of the Sanibel Captiva Community Bank board of directors.

“All of us at SanCap Bank are excited about taking the bank into its third decade of service to this community we love so much,” said DeCicco. “We remain committed to serving our customers, shareholders and community with the same values and ethos Craig established for our financial institution 20 years ago.”

The bank considers its team members among its greatest assets, one that has grown 93% increase over the past seven years. The bank’s investment in employees has paid off. The bank has a low staff turnover of just over 2%. For five consecutive years, the bank experienced a savings under the federal tax law and subsequently rewarded employees with an additional bonus to show appreciation for their contributions to the bank’s success. When bank shares become available, the board and executive management offer those shares to employees. As a result, over 60% of team members are current bank shareholders.

SanCap Bank supports over 300 not-for-profit, local community causes – from The Foundation for Lee County Public Schools and Habitat for Humanity of Lee and Hendry Counties to Valerie’s House and F.I.S.H. of Sanibel-Captiva – through an impactful combination of donations, pro bono work and volunteerism. Every member of the bank’s board of directors is involved in charitable organizations, and over 65% of employees are nonprofit volunteers logging in almost 1,000 volunteer hours annually. Since the bank opened, it has contributed more than $2.5 million to local charitable causes.

In response to the damage Hurricane Ian caused Southwest Florida, specifically on Sanibel and Captiva islands, the bank immediately mobilized and began helping the islands recover and rebuild. Days after the storm the bank opened its Main Office on Periwinkle Way on Sanibel, using the parking lot to provide customers with cash services and access to safety deposit boxes. In the weeks after the storm, staff provided over 1,500 free meals in the parking lot to island residents, business owners and relief workers. The bank also donated over $100,000 to 12 local organizations working the front lines of relief efforts, including F.I.S.H of Sanibel-Captiva, Fort Myers Beach Community Foundation, The Heights Foundation and The Foundation for Lee County Public Schools.

“This bank has made giving back to the community a priority since day one,” said Amy McQuagge, vice president and director of marketing at Sanibel Captiva Community Bank. “We don’t just give financially but also invest our time. In fact, almost 20% of our employees serve in leadership roles in various community organizations.”

A visual timeline of Sanibel Captiva Community Bank’s 20-year history is available at

SanCap Bank’s impact in the community has been widely acknowledged. In the last five years, it has received 15 local, regional and national recognitions, including the 2022 inaugural Large Business of the Year Award from the Greater Fort Myers Chamber of Commerce, the 2021 Industry Appreciation Award in the Business Resiliency and Innovation category from the Horizon Council, Sanibel Captiva Islands Chamber of Commerce’s 2021 Business of the Year Award, and a 2020 Independent Community Bankers of America National Community Bank Service Award, as well as Gulfshore Business’ Best Bank in Lee County in 2020 and 2022 and several other local publications readers’ choice awards.

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

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