Bank buys building for $1.35M, plans bigger branch

SANIBEL — Sanibel Captiva Community Bank has acquired a building in Sanibel, down the road from its current branch — a purchase that will provide a larger space for customers and the community.   

The $778.2 million-asset bank bought the 5,200-square-foot building, through four parcels, from the Charles O Howey Trust for $1.35 million, Lee County property records show. On 1019 Periwinkle Way, it’s two buildings down from its current branch at 1037 Periwinkle Way, according to a statement. The branch will be relocated after renovations are completed at the end of 2022, the release adds.