K.E. Ledgers & Associates partners with American Momentum Bank
06/14/2024
CAPE CORAL, Florida (June 6, 2024) — K.E Ledgers & Associates, a full-service community association management company, is growing. The company, which was started by husband-and-wife duo Eric Johnson and Kerry Johnson, CAM, was founded in 2020 and hit its stride following the devastation of Hurricane Ian in Southwest Florida in 2022. Now, the company has partnered with American Momentum Bank to provide enhanced banking services to the communities it serves.
“We’re proud to have grown the company to this point and to now be able to offer our association clients banking through American Momentum Bank, as well as access to enhanced services through CINC Systems,” said Eric Johnson, co-founder of K.E. Ledgers & Associates. “Following Hurricane Ian, we saw a lot of project managers quit and associations got overwhelmed. Thankfully, we were able to step up and help, and it allowed us to really push the business and see where we could take it.”
Based in Cape Coral, K.E. Ledgers & Associates provides community association management for homeowners and condominium associations in Lee, Collier and Charlotte counties. The company currently works with five associations in Southwest Florida.
Kerry Johnson, who is a licensed Community Association Manager (CAM), has worked as an accountant and property manager serving homeowners associations and condominium associations for more than 20 years. She began helping a few clients on the side during the COVID shutdown. Eric Johnson, a military veteran with a business management and information technology background, offered project management to those associations.
“I’ve worked with Kerry for more than a decade and have gotten to know her quite well,” said Heather Karamitsos, Senior Vice President, Director of Association Banking for American Momentum Bank. “I’m thrilled to be able to come alongside her and Eric as they grow this new venture and serve associations in Southwest Florida. Our bank is committed to helping small businesses grow, and we couldn’t be more thrilled for their success.”
American Momentum Bank’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 a strong partnership with CINC Systems, a leading provider of accounting and community management software, as well as best-in-class lock box servicing.
American Momentum is one of the top financial institutions of choice for large residential property managers in Florida. To date, the division accounts for over 1,400 association clients and $230 million of related deposits.
“What I love about American Momentum Bank is I have a dedicated person to talk to, rather than a 1-800 number where I’m just another caller in the queue,” said Kerry Johnson. “I’m also excited to offer our clients access to CINC, which will allow owners to submit work orders, make payments and see their balance online.”
CINC Systems is the first cloud-based, bank-integrated accounting and property management platform for the community association industry. CINC partners with premier banks throughout the country, including American Momentum, to support community management companies with its integrated banking features.
