Florida Banking February 2022

She is grateful, too, for an experienced and engaged board. Every member of the board is an investor in the company, which Kilborne notes is meaningful to the company and the communities Cypress serves. “When you look at successful community banks, they all have engaged boards,” said Kilborne. “Our board is engaged for many reasons, including commitment to their communities and representing shareholders' interests. We are fortunate to have successful, community-minded, known individuals representing a broad variety of industries and geographies with quite a bit of prior community bank experience in our directorate.”

Looking forward, the bank’s goal is to expand in the state of Florida, but this doesn’t necessarily mean geographically. “Yes, we could put branches wherever we have good bankers, but Covid taught us we don’t need a branch on every corner. Good bankers and tenured professionals have always been the key. We’re already well-positioned in Florida and we’ve got great people in those markets, so it’s about filling out our footprint,” said Kilborne. “Yes, there are a lot of financial service providers, but there always have been. There is always room for a good boutique bank and trust that leads with the client first.” Dana Kilborne is the President and CEO of Cypress Bank & Trust and CEO of Cypress Capital Group. She is also a Director with both companies. She was the founding President and CEO of Florida Bank of Commerce, formerly known as Prime Bank (December 2004), which was sold to Sunshine Bancorp (2016) and later to CenterState (2018). Kilborne has more than 30 years of experience in the financial services industry in Florida. She began her career in South Florida during the savings and loan crisis, where she worked for several South Florida financial institutions. Her work in South Florida took her to Brevard County in conjunction with bank acquisition work. While serving as Chief Loan Administration – Commercial Banking-Florida for Wachovia Bank, she was asked to relocate to Brevard County permanently and head up the Central Region Commercial Banking Team. In that capacity, she also served as Brevard County Executive Manager for Central Florida. She served as a Director of the Federal Reserve Board of Atlanta Bank, Jacksonville Branch, from 2014-2017. Kilborne is active in the community and serves on the board of many organizations, including HealthFirst Inc., Florida Tech, NCMIC, and Sidus Space, Inc. While in South Florida, she served on the Downtown Development Authority of West Palm Beach and Rosarian Academy, and was awarded the Orchid Award by the mayor of WPB for her leadership in the community.

MEET DANA KILBORNE, PRESIDENT AND CEO

WWW.FLORIDABANKERS.COM FEBRUARY 2022 — 11