CLEARWATER, Fla. (Dec. 5, 2019) — Elite Property Management Services has partnered with American Momentum Bank’s Association Banking division. The Clearwater-based company specializes in the management of condominium and homeowner associations, commercial and developer-controlled properties.
Elite Property Management Services currently manages more than 20 associations in Hillsborough, Pinellas and Pasco counties. The company recently expanded to Palm Beach County, where it will offer the same level of full-service association management.
Through American Momentum Bank, Elite Property Management Services will have access to CINC Systems, the first Internet-based integrated accounting and property management system for the community association industry. CINC partners with a limited number of banks in each state for its integrated banking feature. American Momentum is one of only five CINC partner banks in Florida.
“We’d been looking for a new association management tool for some time and needed something with a strong financial module,” said Wendy Greenaway, president of Elite Property Management Services. “CINC came highly recommended, and after seeing the demo, we knew it was the right next step for our organization. The tool will assist with our existing business and is a necessary tool as we expand in a new market.”
CINC is the only software that provides all-in-one integrated banking, association management and cloud accounting. The web-based dashboard enables association managers to run accounting for clients and process in-house financials, track and manage violations and workorders, and much more.
“The automation offered through CINC will save Elite Property Management Services time and money, and help streamline communication with associations and board members,” said Tammy Zuknick, vice president of association banking for American Momentum Bank. “The tool is an incredible value-add for our clients, and we look forward to watching Elite grow and thrive as a member of our bank.”
American Momentum’s association banking team has more than 60 years of combined experience serving associations in Florida. The bank offers a variety of competitive deposit products, specialized lending programs for capital improvements and insurance premium financing.
“We spoke with several CINC partner banks and ultimately decided that American Momentum was the right fit for us,” said Greenaway. “They’ve been terrific to work with. They’re willing to come to our associations and talk with board members to make sure everyone feels comfortable with the transition. This next-level service has meant a lot to our associations, and to our team.”
The company is expected to go live with CINC in January 2020.
About American Momentum Bank
American Momentum Bank, with total assets of $1.7 billion as of September 30, 2019, provides comprehensive products and services for businesses and individuals. The bank has 10 full-service banking centers in Florida, including in Tampa, Clearwater, St. Petersburg, Sarasota, Naples, Orlando and Winter Garden, as well as a deposit production office in Ft. Myers. It also has 10 full-service Texas banking centers and a loan production office in Dallas. American Momentum’s strong capitalization, superior asset quality and experienced management teams position it as one of the premier banks in each state. www.americanmomentum.bank