INDUSTRY NEWS
AMERICAN MOMENTUM BANK GROWS ASSOCIATION BANKING DIVISION, ENTERS
CHICAGO MARKET WITH STRATEGIC HIRE
STEVE ROONEY NAMED VICE PRESIDENT, association banking, will focus on delivering tailored banking services to homeowner’s and condominium associations across the Midwest
Homeowner’s and condominium associations in Chicago, Ill., and surrounding areas now have more options for specialized banking services that better meet their unique needs. American Momentum Bank has appointed Steve Rooney as vice president, association banking, marking the bank’s entrance into the Chicago market.
Over the past 18 months, American Momentum Bank, based in College Station, Texas, has expanded its Florida- based association banking division to also include Texas, Utah, Colorado, Virginia – and now, with Rooney’s joining the bank, Illinois, Ohio and Michigan.
Rooney brings more than 20 years of banking experience, in addition to a decade in payroll sales, including four years at ADP. Most recently, Rooney served as senior business development banker at Capital One, where he specialized in HOA lending, commercial lending, escrow services, treasury services and cash management. Earlier in his career, he held positions with Bank of America and Chase, earning multiple accolades for sales and business development performance.
“Steve’s depth of experience in association banking and his strong track record of cultivating client relationships
make him an excellent addition to our team,” said Heather Karamitsos, senior vice president/director of association banking at American Momentum Bank. “His understanding of both the banking industry and the unique needs of community associations will allow us to better serve clients across the Midwest.”
“What attracted me to American Momentum Bank is its partnerships with the leading software providers that property and association managers use to manage multiple properties,” Rooney said.
American Momentum’s association banking team has over 135 years of experience in association banking and property management software integration. The association banking division offers a variety of competitive deposit products, as well as specialized lending programs for capital improvements and credit lines. The bank also has strong partnerships with CINC Systems, Vantaca, and eUnify, three of the leading providers of accounting and community management software, as well as best-in-class lockbox servicing.
ROY HAILEY MEMORIAL EDUCATION SCHOLARSHIP WINNER
Congratulations to DAWN STANGEL, CMCA, AMS, PCAM, Grand Dominion by Del Webb Community Association, Mundelein, Illinois on being awarded a Roy Hailey Memorial Education Scholarship from the Foundation for Community Association Research.
This scholarship supports community association managers by enhancing educational opportunities through CAI’s Professional Management Development Program (PMDP).
The Roy Hailey Memorial Education Scholarship honors Roy Hailey, a trailblazer in the legal and community association industries, and promotes professionalism and excellence in the field. Dawn exemplifies these qualities — continuously aspiring to higher levels of achievement. A member of the Illinois Chapter for more than 10 years and an active recruiter for CAI, Dawn is a deserving recipient of this prestigious scholarship, and we applaud her commitment to advancing her education.
www.cai-illinois.org • 847.301.7505 | 45
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