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Community Advantage, the Midwest’s leading provider of financial services to condominium, townhome and homeowner associations, is pleased to announce that they will have an officer representing them in the Maryland, Virginia, and Washington, D.C., area.
President Peter Santangelo had looked at this market one year ago, making an immediate connection with the national chapter of the Community Associations Institute. While learning the key legislative and economic drivers, Mr. Santangelo received an overview of the community association industry in these states. He then located someone with a background in this area and determined this market would be the right place to establish a virtual office, as Community Advantage is headquartered in the greater Chicago area.
“I realized there was a need for banking solutions geared towards community associations that other banks in this market aren’t filling,” Mr. Santangelo said. “Community Advantage’s long-term strategy for profitable growth calls for expansion into new markets. We are pleased to announce our presence in Illinois, Wisconsin, Indiana, Michigan, Missouri, Minnesota and, now, Maryland, Virginia, and Washington, D.C.”