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 moreAddress
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
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 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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