American Momentum Bank Gains Momentum

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Tampa-based bank opens regional headquarters in Naples.

Structured to be perpetual, never sold, American Momentum Bank is changing the way people bank in Florida. The privately-owned bank, which received its charter in 2006, has yet to stop growing. In July 2007, American Momentum Bank celebrated a branch grand opening in Naples.

The affluent community is a good target fit for American Momentum Bank. According to recent U.S. Census Bureau statistics, Florida's annual household income is $53,504 and nearly double that -- $118,416 – in Naples. While American Momentum Bank offers its services to all types of clients, it caters to high-end clientele. The state-wide banking system also plans on expanding from the company's only Naples area location by building its regional headquarters in Pelican Bay, according to an article in Naples Daily News.

American Momentum Bank had the largest initial capitalization, at $100 million, for a startup bank in Florida's history. This, and its impressive board of directors, has provided a quick entry into the market followed by rapid growth. The board of directors includes former U.S. Senator Connie Mack III; Phil Adams, President of Phil Adams Company; Dick Batchelor, President of Dick Batchelor Management Group; and Judy Genshaft, Ph.D., President of University of South Florida.

Its solid foundation provides the strength to offer a full range of options and a wealth of banking experience. Rather than adapting existing infrastructure to new banking methods, American Momentum Bank’s state-of-the-art technology allows customers to bank from wherever and whenever they choose. The result is fast, efficient service with attention to detail and ability to structure products around customer needs.

In addition to a full line of personal banking solutions, AMB also serves real estate developers and investors, commercial business owners, professionals and entrepreneurs.

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 AmericanMomentumBank.com.

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.

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Rita J. Lowman, Pres, Sarasota/Bradenton
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