Press & Recognition

A New Forida Bank Changes Its Name to Avoid Confusion

By January 5, 2020 May 26th, 2020 No Comments

American Momentum is also sure to start bumping into the $43 billion-asset Commerce Bancorp Inc. of Cherry Hill, N.J., which is planning a major expansion in the state. It has just eight branches in Florida now but has said that it wants to have 150 there within the next seven years.

The new bank is scheduled to open in October with two branches in Tampa and one in St. Petersburg. Mr. Davis said the bank hopes to open three branches in Naples this year and three in Orlando by early next year.

To facilitate the name change, the founders hired NameStormers, an Austin branding company that has created names for scores of companies and products, including CarMax, Vioxx, and Doritos Edge…

Read more at americanbanker.com

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