Riverside, California, September 4, 2025
News Summary
American Business Bank has launched a new Loan Production Office in Downtown Riverside, California, enhancing its support for local middle market businesses. David R. Valenzuela has been appointed Regional Vice President to lead the office, with a focus on providing tailored financial solutions. The new location adds to ABB’s presence in Southern California, highlighting its commitment to fostering business growth in the region.
California—American Business Bank (OTCQX: AMBZ) has opened a new Loan Production Office (LPO) in Downtown Riverside, California, located at 3801 University Ave., Suite 640. This expansion represents a strategic move to enhance the bank’s presence across Southern California, allowing it to better serve local businesses in need of financial support.
In conjunction with the office opening, David R. Valenzuela has been appointed as the Regional Vice President to head the Riverside branch. Valenzuela, who has a strong background in the banking sector, is expected to play a pivotal role in fostering relationships with local businesses. Alongside him, Michael Gialluly will serve as Vice President & Senior Relationship Manager, bringing over 40 years of combined experience in middle market banking.
The Riverside LPO aims to provide a variety of services including business loans, lines of credit, treasury management, and deposit solutions tailored to meet the needs of closely held middle market businesses. This commitment to offering flexible and innovative financial solutions is aligned with the bank’s overall mission to assist businesses in achieving growth.
American Business Bank’s CEO, Leon Blankstein, expressed optimism about the new office opening, highlighting the importance of strong local relationships as a bedrock for growth in the region. The downtown Riverside location is one of nine Loan Production Offices that ABB operates across Southern California, including locations in Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, Long Beach, and San Diego.
Key Strategies for Growth
American Business Bank focuses on delivering customized financial solutions to meet the unique needs of businesses. Their seasoned bankers provide essential guidance in areas such as cash flow management, growth financing, and succession planning, which are crucial for the success of middle market companies.
With the addition of the Riverside LPO, ABB demonstrates its commitment to nurturing local businesses, ensuring they have access to high-quality banking services. The strategic move is part of a broader plan to enhance the bank’s footprint in Southern California, positioning itself as a reliable partner for businesses in the region.
About American Business Bank
Founded with the intent to serve closely held middle market businesses, American Business Bank is headquartered in downtown Los Angeles. The bank excels at providing a comprehensive range of financial services tailored to the specific needs of its clients. Its staff is well-versed in the economic landscape of Southern California, allowing them to adapt and innovate solutions that address the multifaceted challenges businesses face today.
Looking Ahead
As the new office begins its operations, Valenzuela and Gialluly are expected to leverage their extensive networks and community ties to strengthen American Business Bank’s position in Riverside. This proactive approach is anticipated to yield positive outcomes for both the bank and the local businesses it serves.
Conclusion
In summary, the opening of the Loan Production Office in Riverside is a significant step forward for American Business Bank, reinforcing its commitment to fostering business growth and financial innovation in Southern California.
Frequently Asked Questions
- What is the purpose of the new Loan Production Office in Riverside?
- The Riverside LPO aims to provide financial services such as business loans, lines of credit, and treasury management solutions to local businesses.
- Who will lead the Riverside office?
- David R. Valenzuela has been promoted to Regional Vice President to lead the new office, with Michael Gialluly joining as Vice President & Senior Relationship Manager.
- How many Loan Production Offices does American Business Bank operate in Southern California?
- American Business Bank operates nine Loan Production Offices across Southern California.
- What type of businesses does American Business Bank primarily serve?
- American Business Bank primarily serves closely held middle market businesses, providing them with customized financial solutions.
Key Features of the New Loan Production Office
| Feature | Details |
|---|---|
| Location | 3801 University Ave., Suite 640, Riverside, CA |
| Services Offered | Business loans, lines of credit, treasury management, deposit solutions |
| Leadership | David R. Valenzuela (Regional VP), Michael Gialluly (VP & Senior Rel. Manager) |
| Experience | Combined 40+ years in middle market banking |
| Focus Area | Closely held middle market businesses |
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Opens New Loan Production Office in Downtown Riverside
- Market Screener: American Business Bank Receives Regulatory Approval on Second Stock Repurchase Program
- MyRCNS: Riverside Joins Nationwide Workers Over Billionaires Labor Day Protests
- Wikipedia: American Business Bank
- Google Search: American Business Bank
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