(MENAFN- Market Press Release) October 7, 2025 9:04 am - 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. Illinois has approximately 19,000 homeowner's and condominium associations with deposits totaling roughly $4 billion; Michigan has 8,000 associations with deposits totaling around $1.6 billion; and Ohio has approximately 8,400 associations with around $1.4 billion in total bank deposits.

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.”

Rooney's career highlights include being a five-time Presidents Club Award winner at ADP and Chase. His expertise spans strategic planning, financial analysis, key account management and mentoring sales professionals.

He earned a bachelor's degree in psychology from Columbia College Chicago and holds CAI certification. Rooney is a member of the Community Associations Institute (CAI) nationally and with the Chicago chapter. He has also supported youth football organizations, serving as a coach for his children's teams.

“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.“There is a huge opportunity to offer this solution in this region, and being a partner bank with those software companies is crucial. I was also drawn to the team's industry expertise and customer service focus, which are second to none. This is a bank that truly understands and prioritizes the needs of associations and association managers.”

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.

About American Momentum Bank
American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of June 30, 2025, provides comprehensive products and services for businesses and individuals. American Momentum Bank has 18 full-service banking centers in Texas and eight 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.

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