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American Momentum Bank

American Momentum Bank | Building Florida's Bank | Business Banking | Personal Banking | Online Banking

Mission Statement

Excerpted from the website:
Welcome to AmericanMomentumBank.com
''American Momentum Bank will offer a deep understanding of our commercial and retail banking Clients' immediate and long range goals, unparalleled personal service, and solutions tailored to their specific needs. Experienced, professional management and Associates, combined with flexible decision making, is essential to the success of our Clients. Our bank's success is a result of our Client's and Associate's success.'' read more

Address

4830 West Kennedy Boulevard Tampa, FL 33609

Contact

Rita J. Lowman, President, Sarasota/Bradenton Chief Administrative Officer
American Momentum Bank
4830 W. Kennedy Blvd.
Suite 200
Tampa, FL 33609
O: 813.549-4710
F: 813.549-4810

American Momentum Bank Special Offers

Click here for more information about the American Momentum Bank American Express $25 Gift Card Offer

About American Momentum Bank

Your Deposits Are Safe With Us! The strength and security of your bank should be an important part of your banking decision. If you are looking for a bank that offers state of the art products and services for businesses and individuals, with the highest degree of safety and security, American Momentum Bank is your solution. v is one of the strongest and most secure banks in the United States today. American Momentum Bank is a fully approved, qualified state depository for public funds. The Bank is rated 300 out of a possible score of 300 by IDC Financial. IDS rates banks in Florida based on the key components of safety and soundness. Regulators consider banks that have sufficient capital to cover 5% of their assets to be well-capitalized. American Momentum Bank is one of the most strongly capitalized banks in the country, with capital coverage of over 55% of assets, or eleven times the minimum required to be considered well capitalized by banking authorities. To read more, please click here.

Nationally, among the 3,761 banks in our peer group, American Momentum Bank ranks fourth in terms of capital strength.
Building Florida's Bank from the ground up. Starting with a blank slate, a clear vision and $100 million in capitalization, we have built a bank ideally suited for Floridians. This solid foundation gives us the strength to offer a full range of options, a wealth of banking experience and new ways to propel your financial interests forward. Equally important, our local heritage and knowledge of Florida markets makes us uniquely qualified to tailor products and services to your individual needs.

We're structured for your convenience. Rather than adapting existing infrastructure to new banking methods, our state-of-the-art technology allows you to bank whenever you want, from wherever you want. The result is fast, efficient service with attention to detail and the unique ability to structure products around your needs.
The cornerstone of everything we do. American Momentum Bank is a bank with a steadfast commitment to high ethical standards. Ours is an organization in which honesty and integrity are just as important as products and services. Putting the client first is more than a philosophy at American Momentum Bank. It's a committment that our associates put into action every single day. And we are firmly committed to exceeding expectations, as our goal is to retain your relationship for a lifetime.

Ace Bankers at American Momentum Bank

Card players might say start-up American Momentum Bank holds a royal flush and the deck is stacked in its favor. An entrepreneur with deep pockets, a longtime prominent Florida banker, a university president, a successful developer and former U.S. senator sit on the bank's board of directors. Then you have the veteran bankers that have been hired for each location. And the game's just starting. With $100 million in start-up capital - the most ever raised by a Florida bank, Donald A. Adam, the chairman and chief executive officer, and Sam A. Davis II the president and chief operating officer, have recruited some of the brightest and best-known bankers in Florida to lead operations for American Momentum in Naples, Tampa, St. Petersburg, Orlando and Sarasota. Read more at American Momentum Bank

American Momentum Bank Article on Escrow Management

Escrow Management Services Maximize the Efficiency of Your Business, Whatever the Business There's no denying that keeping precise and auditable escrow transaction records can be a challenge. From recording receipts and writing checks to reconciling accounts or delivering statements, you may be in need of better solutions to organize and manage data, as well as keep a cap on administrative costs.
While best known in the context of real estate, escrow can also come in the form of high value personal and business property, insurance, as well as monies distributed as a result of a cash settlement in a class action. But beyond that, businesses of all varieties may find it necessary to set up an escrow account or handle the accounts of others.
Whether challenged by the demands and responsibilities associated with managing funds on behalf of others or juggling a number of internal accounts, escrow management services are designed to provide support and simplify the day-to-day management of funds. Imagine managing multiple escrow accounts from one master account, eliminating the need for many manual processes. These types of streamlined services maximize the efficiency and cost effectiveness of your business, whatever the business.
In addition to securing the services of a reputable financial institution, companies want the assurance that their clients' resources will handled by someone with extensive experience in escrow management who can deliver solutions for any business that keeps client funds in trust. A careful review of the following highlights the kinds of services that can provide a simple, straightforward approach to escrow management.
Sub-accounting solutions offered through financial institutions are available for a variety of fields, including public funds, health care, property management, retail businesses, and more. Sub-accounting services streamline the management of multiple bank accounts by incorporating them into a single master account with a detailed monthly report of each sub-account, and the ability to use multiple tax identification numbers or unique identifiers. Allocation and 1099 reports are also provided.
Escrow Zero Balance Accounting services are designed to ease the reconciliation of zero balance subsidiary transaction activity. Interest allocation reporting is especially convenient when an overnight investment is aligned to the master depository account. Theses services typically include one account with multiple tax IDs, the ability to track balances and interest from one report, automatic coverage of "sub-account" overdrafts, as well as interest allocation reporting to each zero balance sub-account.
Full reconciliation escrow services are designed for insurance agents, real estate attorneys and real estate brokers. These solutions work in full concert with an accounting system to provide reports necessary to balance monthly transaction activity to your bank account. Reconciliation reporting saves time and simplifies month-end balancing for a company.
These inclusive services can include:

Comprehensive reconciliation
Three-way reconciliation as required by your underwriters
Detail report by escrow or file number
Alert reports detailing transactions that require action
Detailed reporting of receipts and payments at file level, tracked until it zeros out
Monthly statements that include detailed file-by-file reporting on each non-zero file, escrow trail balance reporting, outstanding deposits, and payment registers

Getting the complete escrow advantage can increase the effectiveness of your business in ways never realized. With the right partner by your side, management of clients' funds can be streamlined, helping your company to achieve savings in time, accuracy and administration. More than ever, these services maximize your business, whatever the business.
About American Momentum Bank
American Momentum Bank is a progressive, Florida based bank that strives to offer a deep understanding of our commercial, retail and online banking Clients’ immediate and long-range goals, unparalleled personal service, and solutions tailored to our Clients’ specific needs. Experienced, professional management and Associates, combined with flexible decision making, is essential to the success of our Clients. Our banks’ success is a result of our Clients’ and Associates’ success. For more information, please visit www.AmericanMomentumBank.com. To learn more about the specific Escrow services, please click here.

Treasury Management Solutions

Treasury Management Solutions for easy access.
American Momentum's Treasury Management products provide unparalleled service, support and smart solutions delivered by seasoned professionals. We optimize working capital by designing a Treasury Management system that manages your receipts and disbursements efficiently. Our automated bank products enable your business to maximize earnings by investing excess funds or reducing debt, depending on your daily cash position. Our solution provides a web-based, single point of access for all financial services, including:
* Balance and Transaction Reporting
* Stop Payments
* Wire Transfers
* ACH Origination (Direct Deposit and Debit)
* Account Reconciliation and Positive Pay
* Remote Deposit Solutions (Electronic transmission of deposited items)
* Tax Remittance
* Image Access
* Bill Pay Service
* Zero Balance Accounting
* Cash Vault Services
* Merchant Services (credit card acceptance)
To view the full Commercial Banking, Commercial Real Estate & Treasury Management Solutions product brochure, please click here.

American Momentum Bank News

American Momentum Bank Offers Automated Consumer Check Recovery System to Business Clients
Business banking clients at American Momentum Bank can participate in an automated consumer check recovery system.
Tampa, Fla. (PRWEB) August 25, 2008 -- American Momentum Bank, the largest start-up of any financial institution in the state of Florida, is now offering an automated consumer check recovery service to its business and commercial clients.

"With the new automated check recovery system, we are able to engage in a nonintrusive, cost-effective way to automate the recovery of consumer checks that have been returned for nonsufficient funds (NSF)," commented Rita Lowman, President, Sarasota/Bradenton; Chief Administrative Officer.

American Momentum Bank Clients simply need an Internet connection and a Web browser. With Check Collect Recovery Services, NSF checks are imaged and re-submitted. Business Clients simply use the Web site to view activity and see where the NSF item is in the collection cycle. Businesses can access the online consolidated reporting system 24x7. Check Collect Recovery Services pays 100 percent of the check's face value, plus a portion of the collected state NSF fee. There is no software to purchase or install, nor are there licensing fees to pay. There is a one-time setup fee. Additional advantages to business banking clients include lower labor and operational costs toward collection. Funds are typically settled within five days of collection.

Starting with a clear vision, American Momentum Bank has built a bank ideally suited for Floridians. Its' solid foundation provides the strength to offer a full range of options and a wealth of banking experience. American Momentum Bank operates offices in Tampa Bay, Naples, Sarasota and Orlando.

In addition to a full line of banking solutions for real estate developers and investors, commercial business owners, professionals and entrepreneurs, American Momentum Bank provides a comprehensive suite of products and services.

About American Momentum Bank American Momentum Bank is a progressive, Florida based bank that strives to offer a deep understanding of our commercial, retail and online banking Clients' immediate and long-range goals, unparalleled personal service, and solutions tailored to our Clients' specific needs. Experienced, professional management and Associates, combined with flexible decision making, is essential to the success of our Clients. Our banks' success is a result of our Clients' and Associates' success. For more information, please visit www.AmericanMomentumBank.com.

Media Contact:
Rita J. LowmanPresident, Sarasota/Bradenton; Chief Administrative Officer
American Momentum Bank
4830 W. Kennedy Blvd., Suite 200
Tampa, FL 33609
Office: 813.549-4710
Fax: 813.549-4810

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