Central Ohio Chapter CAI - Spotlight on Popular Association Banking
Popular Association Banking (PAB), a division of Popular Bank, exclusively serves the community association industry, and continues to be a nationwide leader in providing loans1 to community associations, with an active lending platform in 31 states. Since our inception in 1994, we have assisted more than 7000 associations and countless residents with more than $3 billion in loans. As of June 30, 2019, our association loan portfolio totaled just over $1.2 billion.
PAB specializes in financing for needed repairs and capital improvement projects to help reduce strain on existing budgets and help eliminate the need for costly upfront special assessments. Highlights of our loan program include personalized service, flexible loan structures, and competitive fixed rates up to 15 years. In addition to financing, we offer a full array of depository products, including ICS® and CDARS®, which affords you peace of mind knowing your association’s deposits are eligible for multi-million-dollar FDIC insurance. Lockbox and cash management services are also available. Our service level, industry knowledge, and reputation are the cornerstones of our success.
Charles H. Dozer, Vice President, has been in the community association industry in central Ohio for over 25 years. Charles spent 15+ years in the association management industry owning and operating Sterling Realty Associates, and the last 5+ years with Popular Association Banking assisting Board members and managers with their lending and banking needs.
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