Due to a national coin shortage caused by the coronavirus pandemic, Sanibel Captiva Community Bank is asking consumers to turn in their coins for cash dollars. Existing customers also have the option to direct deposit the funds into their accounts. Coins do not need to be rolled in order to be turned in.
Prolonged business closures and a reduction in coin production and circulation associated with the COVID-19 pandemic is resulting in a limited availability of coins required by banks to serve customers. The shortage is affecting local restaurants and businesses that accept and provide change in cash.
“Coin counting for paper currency or direct deposit is always free for our customers, and we are asking for their assistance in helping us increase coin circulation,” said Lana Hollier, senior vice president and director of deposit operations at Sanibel Captiva Community Bank. “Coin-counting allows us to assist both individuals who would like to turn in their coins and local businesses that in need of getting more coins into circulation to complete transactions.”
Consumers interested in having coins counted and exchanged can visit the following Sanibel Captiva Community Bank branches: 2475 Library Way on Sanibel, and 7040 Winkler Rd., 15975 McGregor Blvd., 11691 Gateway Blvd. and 9311 College Parkway in Fort Myers. Bank lobbies and branches are currently open with social distancing and safety measures in place. For more information, call 239-472-6100.
About Sanibel Captiva Community Bank
Founded in 2003, Sanibel Captiva Community Bank has two locations on Sanibel Island and six more locations throughout Lee County. 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 $560 million in total assets, and generates one of the highest returns on equity of all Florida banks. The bank employs 100 employees, and more than 40% are current shareholders.