Financial Service Providers

Profiles in Leadership

Published Aug 2015

Great financial service providers fill an important niche for community associations that makes association living much more pleasant and easy. Below are company profiles for several companies devoted to the financial well-being of the communities they serve. Visit their websites and see how your community can form a beneficial partnership with them.

Association Financial Services

Association Financial Services provides a complete suite of financial services to homeowner associations and condominiums. Our goal is to provide the right financial services to a community association so that the board can focus on the facilities, improve the quality of life in the community, and work toward increasing property values. Association Financial Services can provide an association a loan; manage all the bookkeeping services or just the accounts receivable; and is a licensed, accredited, and insured collection agency. Financial management for community associations is the only thing we do, and we do it cost effectively utilizing best practices. Our innovative solutions bring financial relief and enterprise level service to community associations. We believe strongly that clear and concise reporting is essential for boards of directors and management companies. We invite you to explore our website to learn more about our company and the services we provide.

To learn more, visit www.associationfinancialservices.com.

C1 Bank

C1 Bank is a bank built by entrepreneurs for entrepreneurs that serves thousands of sophisticated savers and borrowers from 31 Banking Centers across Florida, a Loan Production Office in Orlando, as well as online at www.C1Bank.com. C1 Bank was ranked the sixth fastest-growing bank in the United States from 2009 to 2014, as having the “Coolest Office Space,” and ranked in the 2014 Inc. 5000. C1 Bank President and CEO, Trevor Burgess, won Ernst & Young Entrepreneur Of The Year 2013 in Florida in the Financial Services category and, in 2014, was named American Banker’s Community Banker of the Year. C1 Bank is a leader in business loans, SBA loan programs, portfolio residential mortgages, association and treasury services, and a wide suite of checking and savings depository products. C1 Bank is the Official Bank of the Tampa Bay Buccaneers, the Tampa Bay Rowdies, The Outback Bowl, and a Corporate Partner of the Miami Heat. On August 14, 2014, C1 Financial, Inc., the parent of C1 Bank, became a publicly traded company on the New York Stock Exchange under the ticker symbol “BNK”. 

To learn more, visit www.C1Bank.com.

Mutual of Omaha Bank

The community association banking team at Mutual of Omaha Bank is uniquely dedicated to providing comprehensive banking and financial management services, exclusively to common interest community associations. Our HOA banking team knows the community association banking business and understands the needs of homeowners associations and common interest community management companies, and we cater specifically to those needs. Mutual of Omaha Bank provides online management systems, online ACH and credit card payment services, online document delivery—CondoCerts–HOA loans for property maintenance and development, lockbox, and digital imaging services, as well as dedicated customer service teams.

To learn more, visit www.mutualofomahabank.com.

Popular Association Banking

Popular Association Banking (PAB), a division of Popular Community Bank¹, serves the community association industry exclusively. Since our inception in 1994, we have assisted more than 5,500 associations and countless residents with more than $2 billion in loans. As of December 31, 2014, our association loan portfolio totaled $594 million. In addition to providing loans to community associations, we also offer a full array of depository services including access to multi-million FDIC deposit insurance coverage limits, as well as lockbox and cash management services. PAB offers personalized service and flexible loan structures, with competitive interest rates. Our dedicated staff of experts can work with the board and property manager to customize the most beneficial solutions to meet your association’s financial needs. Our service level, industry knowledge, and reputation are the cornerstones of our success. Popular Community Bank is the U.S. banking subsidiary of Popular, Inc. (NASDAQ: BPOP), founded in 1893. Popular, Inc. is the largest banking institution by both assets and deposits in Puerto Rico, and in the U.S., ranks among the 50 largest overall banks and thrifts by total assets.

To learn more, visit www.associationbankers.com.

¹ “Popular Community Bank” is the assumed business name of Banco Popular North America, Member FDIC.

Union Bank HOA Services

Union Bank’s Homeowners Association Services brings strength, stability, commitment, expertise, and innovation to the association industry. Our proprietary HOA Services Platform, powered by Smartstreet® technology, provides fully integrated banking solutions exclusively for community associations and management companies nationwide including online payments, information, and support. We integrate with most industry accounting systems to provide seamless collection, processing, and posting of homeowner payments. Union Bank can offer you the peace of mind that comes from working with a strong financial partner and a relationship with the personal service and integrated banking solutions you expect. Call us at (866)-210-2333.

To learn more, visit www.HOAbankservices.com.