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SunTrust Bank branch to move across street


© St. Petersburg Times, published July 29, 2000

SPRING HILL -- The SunTrust Bank branch at Mariner and Cortez boulevards is moving -- across the street.

The branch has nearly outgrown its current building on the southwest corner of the intersection and likely will relocate to the northeast corner of the intersection in 2001, said Jim Kimbrough, chairman and chief executive officer for SunTrust Bank Nature Coast.

Kimbrough, who oversees SunTrust's operations in Citrus, Hernando, Pasco and Sumter counties, said negotiations with the development company looking to buy the bank's current site, as well as discussions for SunTrust's purchase of a new property, remain ongoing. He said he did not know the name of any business that might locate there.

"It's possible that we might get started (construction on the new building) before the end of this year," he said of the new bank, predicting that SunTrust's operations in Spring Hill could move into the new building by the end of 2001.

The current SunTrust building, which opened in 1980, is between 4,000 and 5,000 square feet, the result of many additions over the past 21 years, Kimbrough said. The new building will have at least 5,000 square feet and will "be equipped with the most modern equipment," he said.

The intersection at Mariner and Cortez has developed around the SunTrust branch there, Kimbrough said, and growth in the area will continue. The area is home to a Wal-Mart Supercenter, Beall's department store, as well as a new movie theater that opened this year. A shopping center with a Sears and Belk Lindsey is set to open Aug. 9.

"When we opened our office there in 1980, there wasn't a whole lot there," he said. Through negotiations with real estate developers, "we've been able to work out a location that makes financial sense and . . . gives us a new building."

SunTrust has nine locations in Hernando, five of which are in Spring Hill.

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