SARASOTA, Florida (June 6, 2023)â€”All Florida Services Management, a full-service licensed community association management (LCAM) firm serving Sarasota and Manatee counties, has partnered with American Momentum Bankâ€™s Association Banking division. Through this partnership, the homeowners associations (HOAs) and condominium associations (COAs) that work with All Florida Services Management will have access to enhanced banking services with no additional fees.
All Florida Services Management discovered American Momentum Bank through its partnership with CINC Systems, the first cloud-based, bank-integrated accounting and property management platform for the community association industry. CINC partners with premier banks throughout the country, including American Momentum, to support community management companies with its integrated banking features.
â€œWe went live with CINC in 2021 but were not banking with a CINC partner bank at the time,â€ said Margaret Kennedy, LCAM, owner of All Florida Services Management. â€œI heard about American Momentum Bank through an association and decided it was time to make the switch. The customer service is better than our previous bank, and they donâ€™t charge monthly maintenance fees for association accounts, which is a huge savings for our clients.â€
Kennedy notes that for some HOAs and COAs she works with, American Momentum Bankâ€™s fee structure saves them up to $1,000 per year. Through the CAMâ€™s partnership with American Momentum Bank, the associations All Florida Services Management works with also have enhanced association management services through CINC, such as automatic payments both to and from the association through the online portal.
â€œAs a community association management company, itâ€™s our job to ensure that the associations we manage are financially responsible,â€ said Kennedy. â€œWith American Momentum Bank, they now get better banking services without the per-door or per-association banking fees that other banks typically charge. The convenience of having access to more services through CINC has also enhanced our offerings as a management company.â€
Based in Sarasota, Fla., All Florida Services Management works with 20 HOAs and COAs in Sarasota and Manatee counties, ranging in size from seven units to 500 units. The LCAM firm provides customized association management services and measures its success by its ability to effectively assist the Board of Directors in the important task of maintaining the communityâ€™s property values.
â€œWeâ€™re thrilled to partner with All Florida Services Management and provide top-tier association banking services to the communities it serves,â€ said Tammy Zuknick, vice president of association banking for American Momentum Bank. â€œBy using a CINC partner bank, Margaret will be able to free up her time and focus her efforts on growing her business and onboarding new associations.â€
About American Momentum Bank
American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of March 31, 2023, provides comprehensive products and services for businesses and individuals. American Momentum Bank has 18 full-service banking centers in Texas and nine full-service banking centers in Florida. American Momentum Bank’s strong capitalization, superior asset quality and experienced management teams position it as one of the premier banks in each state. Visit www.americanmomentum.bank to learn more.