Tampa bank division embarks on community association expansion

American Momentum Bank plans to target Texas first, then other areas of the country, in an effort to gain more property management clients.

By Elizabeth King
| 5:00 a.m. June 13, 2024
| 0 Free Articles Remaining!

American Momentum Bank at 5540 Fruitville Road, Sarasota.

Tampa Bay-Lakeland

After several years of success close to home, a bank division based in Tampa plans to expand its efforts to reach property managers beyond Florida.

American Momentum Bank, headquartered in Texas, launched an association banking division eight years ago in Florida to serve large residential property managers in the Sunshine State, which is home to the second most community associations in the country after California.