FORT MYERS, Fla. (Aug. 3, 2023) – For the sixth consecutive year, Sanibel Captiva Community Bank’s board of directors and executive management rewarded bank employees with a mid-year bonus from the bank’s savings under the federal tax law. The bonus is an acknowledgment of team members’ commitment and dedication to the bank. All employees, except for the executive management team, were eligible and included in the bonus. In recognition and celebration of the bank’s 20th anniversary, the bank distributed a second bonus in July to all 112 employees.
“It’s very important to us to give back to our employees who give so much to the bank, our customers and the community,” said Kyle DeCicco, president and CEO of Sanibel Captiva Community Bank. “Our people are what makes us successful. Without their hard work and devotion to this institution, we would not be celebrating two decades of service to Southwest Florida.”
Among all employees at the bank’s eight Lee County branches, the average tenure is seven years. Nearly 60% of employees have been with the bank for five or more years; 22% have been employed for 10 or more years; and seven employees have been with the bank since it opened in 2003.
Employee engagement, benefits and culture are key components of what sets Sanibel Captiva Community Bank apart. The bank works hard to maintain an environment where employees are invested, excited and motivated to positively contribute to the workplace culture. The bank encourages and supports employees’ pursuit of professional and personal development, offers career opportunities within the bank and provides generous health benefits and paid personal time off, all contributing to a historically low employee turnover. Additionally, the bank provides a 100% 401(k) match (up to 6%) to eligible employees. When bank shares become available, the board of directors and executive management offer those shares to employees. As a result, over 60% of employees are current shareholders.
In June, the bank was named one of the “Best Places to Work in Southwest Florida” by Gulfshore Business. The bank was chosen as one of 20 Southwest Florida company honorees after an assessment and selection process conducted by Best Companies Group, an independent research firm that specializes in identifying and recognizing great places to work.
In 2021, the bank was named the winner in The News-Press’ Best of the Best Fort Myers awards for Best Place to Work. The bank was chosen as a finalist in the same category in 2022 and is also a finalist for this year’s awards.
Seven of the bank’s eight branches are currently open. On Sanibel, the Periwinkle Branch, located at 1019 Periwinkle Way, has sustained considerable storm damage and is projected to reopen in early 2024. In Fort Myers, at the bank’s McGregor Branch, located at 15975 McGregor Blvd., staff is operating out of a temporary mobile banking unit due to major flood damage to the existing building.
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.