Sanibel Captiva Community Bank has acquired the building located at 1019 Periwinkle Way on Sanibel. Located two buildings down from its current branch at 1037 Periwinkle Way, the branch will be relocated after renovations are completed at the end of 2022.
The bank has hired Benchmark Construction to renovate the bank’s new branch, which will feature a community room, electric car charging station and safe deposit boxes. Current occupant John R. Wood Properties will continue leasing approximately half of the 5,200-square-foot building. The current branch at 1037 Periwinkle Way will remain open for service during renovations.
“We’re pleased to move our current Periwinkle Branch to a larger space and still offer our customers the convenience of a location close to the causeway,” said Craig Albert, Sanibel Captiva Community Bank president and CEO. “Our 1037 Periwinkle Branch handles a large number of transactions for such a small location. With this new larger space, we’ll make it even easier for customers to get their banking done quickly and efficiently.”
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 more than $780 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 40% 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.