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BRYAN – American Momentum Bank announced on Saturday that its acquisition of the $111-million asset Brazos Valley Bank has been completed, making American Momentum the largest independent bank in the area in terms of assets and increasing its deposit market share.
Founded in 2006, American Momentum now has a total of three banking offices, approximately 30 ATMs and approximately 40 associates in Bryan/College Station to serve businesses and individuals with a comprehensive menu of banking products and services that can be tailored to meet clients' individual needs.
Both Brazos Valley Bank locations – at 4030 Highway 6 South in College Station and 1119 E.Villa Maria Road in Bryan – will begin doing business as American Momentum on April 14, and clients of both banks may conduct transactions on April 14 at those two banking centers and at the American Momentum location at One Momentum Blvd.
Clients do not need to take any actions at this time and should continue to conduct their banking as usual, including online banking through Brazos Valley. Just prior to the operational conversion this summer, clients will receive American Momentum ATM or debit cards, and they will have access to all of American Momentum's delivery channels, including online banking and more.
"American Momentum is one of the strongest and most secure banks in the country," said Frank Varisco, Bryan/College Station market president for American Momentum. "We look forward to helping our clients expand their businesses and build a solid financial future by focusing on what we do best, which is providing personalized local service. Decisions that affect our clients are made right here, by the same folks who know Bryan and College Station best."
Varisco also acknowledged American Momentum's growth strategy. "We want to build a significant franchise in Texas to serve more clients in more markets with the kind of high-touch service and tailored financial solutions that have become a hallmark of American Momentum. Many Brazos Valley Bank associates were colleagues at First American Bank, which American Momentum founder Don Adam also built into a leading financial services company based on the very same principles of client service. This company has a rich history of service and teamwork, and I know our clients will enjoy banking with American Momentum."
American Momentum Bank, which had total assets of $1.0 billion at Dec. 31, 2011, provides comprehensive products and services for businesses and individuals. In addition to three full-service Texas banking centers in Bryan/College Station, American Momentum has a loan production office in Dallas and 20 banking centers in Florida, including Tampa, Clearwater, St. Petersburg, Sarasota, Lakewood Ranch, Naples,Winter Garden and Orlando. Because of its strong capital levels, American Momentum Bank is positioned as one of the strongest, most secure banks in the United States.