Sanibel Captiva Community Bank has surpassed a milestone: over $2 billion in residential mortgage loans in the 20 years since it was founded.
That translates to 6,000 loans approved for Southwest Floridians, according to a statement from the $729 million-asset bank.
“With so many options in the market, we are honored to be chosen by thousands of customers over the years for their residential mortgage needs, for both purchasing and refinancing homes,” senior vice president of residential lending at Sanibel Captiva Community Bank David Wright says in the release. “We greatly value relationships with our customers and remain committed to finding solutions when many other banks can’t or won’t.”
Known as SanCap, the bank achieved the $2 billion milestone five years to the month after achieving $1 billion in residential mortgage loan originations, say bank officials. Its residential lending division now has eight loan officers and 13 additional loan servicing staff in Lee County, which accounts for nearly 20% of bank employees.
Founded in 2003, Sanibel Captiva Community Bank has seven open 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 has more than 100 employees and more than 60% are current shareholders.