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WEST PALM BEACH, FL-Orion Bank has acquired a 12,000-sf bank building at 605 N. Olive Ave. for $5.15 million. The property was on the market just three days before it was sold.

NAI/Merin Hunter Codman chairman Neil Merin arranged the sale. Orion Bank is expected to occupy the two-story building by April 1. “The bank building has a very prominent location in the heart of West Palm Beach with excellent visibility,” Merin says. “Nearly everyone going to or from Palm Beach passes the building.”

Orion Bank is continuing to expand its presence in South Florida. With the acquisition, the bank has 18 locations from Key West to Sarasota. The property was originally built for Southern Community Bank, which has since been purchased by Cincinnati-based Fifth Third Bancorp, the building’s seller. Fifth Third Bank already had a location directly across the street.

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