Oct 17 - American Momentum Bank, Tampa, Fla., has announced the hiring of Tom Coletta as president of its Orlando-area market, a region in which he has directly served clients and built businesses for almost two decades.
Coletta previously served as president and CEO of Business Financial Solutions, a firm he founded to help business owners and non-profit entities manage their credit, cash flow and other needs. He also formerly served as Orlando market president, bank director and holding company director for Anderen Bank and Florida Choice Bank.
“Tom recognizes that each business and family has a different financial need, so he and his American Momentum team members get to know their clients and then deliver individualized solutions that produce results,” said Sam Davis, president of American Momentum. “Having spent his entire career in Central Florida, Tom thoroughly understands this market and its economy. He helps his clients achieve their financial goals and realize their dreams because he’s committed to the community, and to community banking.”
Acknowledging what the bank brings to the Orlando market, Coletta said that American Momentum “truly understands how to help businesses succeed and families prosper. We’re a Florida bank serving some of the most exciting markets in the country with an extensive product set and quick, local decisions. Our extremely strong capital gives us capacity to help clients with virtually all of their credit needs while providing the kind of reassurance that’s so important in today’s economic climate. It’s an honor to lead American Momentum’s outstanding team of bankers.”
Coletta received his bachelor’s degree in accounting from St. John Fisher College and a master’s degree in finance from the Rochester Institute of Technology, both in Rochester, N.Y.
American Momentum Bank, which had total assets of $1 billion at June 30, 2013, provides comprehensive products and services for businesses and individuals. The bank has 17 banking centers in Florida, including Orlando, Tampa, Clearwater, St. Petersburg, Sarasota, Lakewood Ranch, Naples and Winter Garden. It also has three full-service Texas banking centers in Bryan/College Station and a loan production office in Dallas. American Momentum’s Tier 1 Leverage Ratio of 15.87 percent at June 30, 2013, positions it as well-capitalized for regulatory purposes and one of the strongest, most secure banks in the United States.