Bank expands Association Banking division to serve Northeast Florida

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Kasey Brennan
2813 Fairway View Drive
FL 33596 
United States

American Momentum Bank is expanding its Association Banking division to offer homeowner and condominium associations, as well as large, sophisticated property managers, association banking services in Northeast Florida. The expansion will provide associations access to CINC Systems, the first internet-based integrated accounting and property management system for the community association industry.

American Momentum Bank serves more than 1,200 associations in Florida and Texas and manages more than $170 million in association banking deposits. The bank will continue to offer association banking services in Southwest Florida, Tampa Bay, Central Florida and Texas.

“We are excited to build stronger relationships with community associations in Northeast Florida and provide them with best-in-class banking services backed by the latest technology from CINC Systems,” said Heather Karamitsos, Senior Vice President, Director of Association Banking, who will lead the Jacksonville operation. “We pride ourselves on taking the time to listen to our clients and develop customized, tailored banking solutions. I’m looking forward to learning how we can better serve associations in this market.”

Karamitsos joined American Momentum Bank in 2017 and is one of the state’s foremost association banking experts. She has more than 20 years of experience in association banking and is a state-certified continuing education provider for community association managers. She recently relocated to Jacksonville from Sarasota.

Through American Momentum Bank, community associations will have access to CINC Systems. CINC’s all-in-one SaaS-based platform drives profitability for community association management companies through cloud-based accounting, state-of-the-art property management resources and full banking integration. The web-based dashboard enables associations to run accounting for clients, process in-house financials, track and manage violations and work orders, and much more.

CINC partners with premier banks in each state for its integrated banking feature. American Momentum is one of the CINC partner banks in Florida.

“Having worked in the association banking industry for many years, I can safely say that American Momentum Bank provides one of the most comprehensive lists of services for local community associations,” said Karamitsos. “Growing the division has been incredibly rewarding, and I’m looking forward to building new relationships in Northeast Florida.”

About American Momentum Bank
American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of June 30, 2022, 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 to learn more.