Community bank buys former SunTrust building for new HQ

SANIBEL — Sanibel Captiva Community Bank has acquired a former SunTrust branch on Sanibel to serve as the bank’s new future main office.  In a separate deal, the community bank, with $460.1 million in assets through Sept. 30, sold its current main branch to the City of Sanibel.

Sanibel Captiva hired Benchmark Construction to handle renovations on the new building, at 2406 Periwinkle Way, according to a statement. Those renovations are estimated to be completed in September, the release adds.