Peninsula Bank, a Florida-based state-chartered community bank, has appointed Anthony Leo as CEO of Peninsula Bank.

For the past 14 years, Mr Leo served in various leadership roles at Community Banks, most recently as its chief administrative officer. His areas of responsibility included strategic planning, sales and marketing, retail banking, legal and compliance, financial services and loan and deposit operations.

His appointment is subject to the approval of state and federal bank regulators. However, Mr Leo has received preliminary approval from the Florida Office of Financial Regulation, and until his appointment is finalized by all authorities, will serve as acting CEO.

Carlo LoRicco, chairman of the board at Peninsula Bank, said: “Mr Leo’s past turnaround experience brings a valuable skill set as we work toward building a stronger institution for the long term. His strengths dovetail with the strategic shift we are contemplating at Peninsula, toward a greater focus on retail banking and the development of multi-service relationships with both retail and commercial customers.”