SanCap Community Bank Purchases Former Suntrust Bank Building

provided to Santiva Chronicle

Sanibel Captiva Community Bank has announced the acquisition of the former Suntrust Bank building, 2406 Periwinkle Way, to serve as its main office. The bank has hired Benchmark Construction to handle renovations on the building that will start in January and estimated to be completed in September.

The bank sold its main branch, 2475 Library Way, to the City of Sanibel for the new senior center, which hosts the Center 4 Life program operated by the Sanibel Recreation Department. In addition, the building will house administration offices for Community Housing and Resources, a nonprofit organization that provides affordable housing for families and individuals who work and serve the community.

“We are excited to move our main office to Periwinkle Way and offer a more convenient location for our customers,” said Craig Albert, Sanibel Captiva Community Bank president and chief executive officer. “What’s even more exciting for us is to be able to help the community by providing Sanibel seniors a larger location to gather.”

Sanibel Captiva Community Bank is nationally ranked in the top 25 as a best-performing community bank by S&P Global Market Intelligence out of more than 4,500 banks with assets under $1 billion. It is well-capitalized, with $450 million in assets, and generates the highest return on equity of all Florida banks in excess of $155 million in total assets.

Sanibel Captiva Community Bank’s professionals provide customized individual and business banking services and specialize in residential loans. The bank offers free personal and business checking, deposit accounts with competitive interest rates, safe deposit boxes, and a full array of online banking products and services, including electronic statements, mobile banking apps, CardValet, online bill pay, Positive Pay and ACH Manager. To learn more, visit www.SanCapBank.com.

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