American Momentum Bank continues the national expansion of its association banking division with hiring Andrew Vera as vice president, business development, association banking. Based in Salt Lake City, Vera will focus on developing and expanding personalized banking services to clients in the homeowner’s association and condominium association space in Utah and Colorado, with plans to eventually grow into the Arizona and Nevada markets.
“We’re thrilled to continue the expansion of our Association Banking division with the addition of Andrew, an experienced banking professional,” said Heather Karamitsos, senior vice president, director of association banking. “Andrew’s passion for providing outstanding service to our association clients makes him the perfect fit for our team.”
Vera brings 16 years of experience in banking and finance to his new role. He will lead efforts to identify new markets and build strategic relationships with community and property management companies. His work will emphasize driving deposit growth, implementing treasury management solutions, and enhancing customer experience through streamlined processes and advanced technology.
“Working at American Momentum Bank on the association banking team was a dream opportunity that allowed me to build on the passion I developed for association banking in my previous role,” Vera said. “The bank’s unmatched experience, expertise and leadership in the marketplace gave me confidence in its direction and potential. Moreover, AMB’s cutting-edge technology and strategic technological partners enable seamless integration and management, ensuring we consistently deliver exceptional value.”
Vera earned a Bachelor of Science degree in marketing from Utah State University. He has been actively involved with the Utah Chapter of the Community Associations Institute (CAI) for the past two years, most recently serving on the Marketing Committee.
In addition to his professional work, Vera has been deeply engaged in his community for over 15 years, helping develop youth athletic programs and organizing community events in Grantsville, Utah. He plays a key role in managing a youth basketball program serving ages 5–18 and serves on the board that coordinates Grantsville City’s annual Fourth of July celebrations, which draw thousands of attendees.
American Momentum’s association banking division offers a variety of competitive deposit products, specialized lending programs for capital improvements and insurance premium financing. The bank also has strong partnerships with CINC Systems, Vantaca and eUnify, leading providers for accounting and community management software, as well as best-in-class lock box servicing.
Since launching the association banking division in 2016, American Momentum Bank has become one of the top financial institutions of choice for large residential property managers in Florida, where the division is based. In 2024, the division embarked on a national expansion and now has business development professionals in three states – Florida, Texas and Utah.
About American Momentum Bank
American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of March 31, 2025, 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 www.americanmomentum.bank to learn more.