It’s been years, before Huricane Ian, since the last bank bolted from Fort Myers Beach forcing residents to depart the island to do their banking. SanCap Bank has purchased property on Estero Boulevard and hopes to be operating by 2026.
SanCap Bank has purchased a .41 acre piece of land located at 2670/2680 Estero Boulevard. The sale price for the property, located across the street from the library, was $1.795 million. That property last sold in 2017 for $600,000. Prior to the storm the building on that lot was a real estate office with a vacation rental above the office. SanCap plans to break ground on the new bank in early 2025 and be open in 2026.
The new branch will feature a fully staffed, state-of-the-art banking facility and will include onsite lenders, drive-thru services, ATMs and conference space. Local architect Joyce Owens is designing the building.
“Our board has always had an interest in supporting Fort Myers Beach. The timing and opportunity aligned perfectly for us to expand to Fort Myers Beach,” said Kyle DeCicco, president and CEO of Sanibel Captiva Community Bank. “Opening this new office is more than just an expansion for us – it is a powerful symbol of resilience and renewal. By establishing our physical presence here, we are bringing vital banking services closer to the people of Fort Myers Beach, and also reaffirming our commitment to supporting the rebuilding and future prosperity of this vibrant community.”
“The Fort Myers Beach Chamber is incredibly excited to welcome Sanibel Captiva Community Bank to Fort Myers Beach,” said Jacki Liszak, president and CEO of the Fort Myers Beach Chamber of Commerce. “Through the years, Sanibel Captiva Community Bank has been a financial lifeline to countless island residents and businesses. The fact that they are investing in the future of Fort Myers Beach by establishing a full-service presence here shows how committed they are to helping us rebuild our island community.”
Founded in 2003, Sanibel Captiva Community Bank has seven locations throughout Lee County. On Sanibel, the Periwinkle Branch, located at 1019 Periwinkle Way, sustained considerable storm damage and is projected to reopen in October.
Great news! I wonder what’s going to happen with the old BB&T Bank building on the south end of the island.
That is great news. Since we lost our last bank branch, I’ve been saying SanCap should open a branch here on the island. If I’m still alive when they open, I’ll be moving my accounts.