Campbell Property Management and CenterState Bank have a long history. Campbell Property Management and CenterState Bank have been business partners for almost 15 years. Beginning with a relationship with Boca-based First Southern Bank and its acquisition by CenterState Bank in 2014, the relationship between Campbell and South State Bank has grown and strengthened over the ensuing years. As one of our top-tier management companies, the bank has worked with Campbell to enhance and develop additional services as required to fill the needs of not only our large management companies but also our many medium-size and standalone associations.
CenterState/South State Bank offers a wide array of products suited to the specific needs of the highly specialized association market segment. These services range from the timely receipt of maintenance and special assessment payments to the rapid retrieval of banking information for monthly and annual financial reports. It also includes assisting board members in making decisions about association appropriate investments and financing options available. This includes special projects such as roof repair, clubhouse refurbishing, security and lighting improvements, roadways, installation of hurricane windows and more. We also assist management companies with information and options available for enhanced software applications for accounts payable and accounts receivable.
A brief summary of CenterState/South State Bank Association Banking services follows:
Account Opening Process
With the onset of the pandemic, CenterState/South State Bank have opted to streamline the methods of opening and/or changing association accounts to protect our customers and branch personnel from exposure.
Accounts Receivable
This is the backbone of any association’s finances, or any other business for that matter. CenterState/South State Bank offer Internet-based lockbox services with the following features:
Accounts Payable
Online Banking
Investment Choices Appropriate to Association
CenterState/South State Bank have a variety of FDIC insured products of which board members may choose for excess cash.
Association Lines of Credit and Loans
CenterState/South State Bank offers lines of credits and loans to customers and prospects of the bank. Whether the Board wishes to have emergency funds in place (line of credit) or loans for the purpose of repairs for roofs, concrete, balconies, clubhouse refurbishment, roadways, elevators, electrical improvements and lighting and security enhancements, our dedicated team of association lending officers can advise boards about the many options available.
Customer Service
The bank strives continually to find ways to streamline the customer service function using technology and staff interface directly with owners, board members and management company personnel. As a result, our customers receive timely and complete solutions to problems, questions, assistance navigating systems and suggestions about enhancing their existing services.
As a community bank, CenterState/South State Bank views the association business as a very important part of their overall business strategy. We are committed to enhancing our product line, providing top shelf service, credit lines and consultative services which streamline, automate and protect the association’s deposits at our bank.
ABOUT CENTERSTATE
CenterState Bank, headquartered in Winter Haven, FL and South State Bank, headquartered in Columbia, SC, merged on June 8, 2020, and will be the largest community bank in the Southeastern United States. Both banks were recently named in the top 50 of Forbes’ 100 Best Banks in America, and both hold a 5-Star Bauer Financial Rating.
The combined company will operate under the South State Bank name. Considered to be a “merger of equals”, this decision was strategically compelling for both organizations for the following reasons:
One of the many benefits of this merger for our homeowner associations, condominium associations, manufactured home parks, property owners’ associations and cooperatives is that it accelerated the launch of our restructured Association Banking Department. With this restructuring comes the best integrations with key management company software, new team members with years of experience specific to our niche industry, improved customer service with more automation, and our exclusive consulting program. We have put the team and the processes in place to help your management company and your community operate in excellence.
Martha MaDan is FVP Association Services for CenterState Bank. She can be reached at mmadan@centerstatebank.com or (561) 237-2991.
South State Bank & CenterState Bank, N.A. have merged to become South State Bank, N.A.
Please visit bankingforward.com to learn more.