Riverside, California, September 3, 2025
News Summary
American Business Bank has officially opened a new Loan Production Office in Downtown Riverside, California. This expansion aims to enhance support for local businesses by providing customized financial solutions, including loans and treasury management services. David R. Valenzuela has been appointed as the Regional Vice President to lead the office, alongside Michael Gialluly as Vice President & Senior Relationship Manager. Their combined experience of over 40 years in middle-market banking will allow them to better serve the Riverside business community and foster local economic growth.
California: American Business Bank Expands with New Loan Production Office in Riverside
American Business Bank (OTCQX: AMBZ) has announced the opening of its new Loan Production Office (LPO) in Downtown Riverside, marking a significant expansion of the bank’s service offerings in Southern California. The new office, located at 3801 University Ave., Suite 640, is expected to enhance the bank’s support for regional businesses.
As part of this development, David R. Valenzuela has been appointed Regional Vice President to lead the new office. Valenzuela has been with American Business Bank since 2017 and has been recognized for his valuable contributions to the organization. Joining him in this endeavor is Michael Gialluly, who will serve as Vice President & Senior Relationship Manager. Together, they bring over 40 years of combined experience in middle-market banking and have strong connections within the Riverside business community.
The opening of the new LPO is intended to provide tailored financial services to local businesses, including business loans, lines of credit, treasury management, and deposit solutions. American Business Bank is committed to delivering high-caliber service and forming strong partnerships that help clients navigate changing market conditions.
Strategic Expansion in Southern California
The establishment of the Downtown Riverside office aligns with American Business Bank’s strategy to expand its footprint in Southern California. CEO Leon Blankstein highlighted the importance of local relationships in supporting this expansion, emphasizing that the bank aims to forge meaningful connections that foster client growth and confidence.
Commitment to Local Businesses
American Business Bank focuses on serving closely held middle-market businesses in the region. Through customized financial solutions, the bank aims to address various financing needs and challenges faced by these enterprises. The new LPO will not only strengthen American Business Bank’s presence but also enhance the collaboration with businesses in Riverside.
Experience and Expertise
David Valenzuela’s leadership comes after years of focused contributions to the bank’s growth, and with Michael Gialluly’s extensive experience, the new office is poised to provide exceptional service to the Riverside business community. Their combined expertise will cater to the nuanced needs of businesses seeking financial services tailored to their growth strategies.
Conclusion
With the opening of the Loan Production Office in Downtown Riverside, American Business Bank reinforces its dedication to providing innovative financial solutions to support local businesses. The new LPO represents not only a physical expansion but also a commitment to fostering economic growth in the community.
FAQs
What is the location of the new Loan Production Office?
The new Loan Production Office is located at 3801 University Ave., Suite 640, Downtown Riverside, California.
Who will be leading the new Loan Production Office?
David R. Valenzuela has been appointed as the Regional Vice President to lead the new office.
What services will the new office provide?
The office will offer services such as business loans, lines of credit, treasury management, and deposit solutions tailored specifically for regional businesses.
What is the goal of American Business Bank with this expansion?
The goal is to enhance support for local businesses by providing high-caliber service and customized financial solutions that foster growth.
How long has David R. Valenzuela been with American Business Bank?
David R. Valenzuela has been with American Business Bank since 2017.
Key Features of the New Loan Production Office
| Feature | Description |
|---|---|
| Location | 3801 University Ave., Suite 640, Downtown Riverside, CA |
| Leadership | David R. Valenzuela as Regional Vice President, Michael Gialluly as Vice President & Senior Relationship Manager |
| Experience | Combined 40 years in middle-market banking |
| Services Offered | Business loans, lines of credit, treasury management, deposit solutions |
| Focus | Tailored solutions for closely held middle-market businesses |
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Declares Cash Dividend
- Wikipedia: American Business Bank
- RCNS: Riverside Joins Nationwide Workers Over Billionaires Labor Day Protests
- Google Search: American Business Bank Southern California
- Business Wire: American Business Bank Reports Second Quarter Earnings
- Encyclopedia Britannica: Banking
- The Globe and Mail: American Business Bank Announces Completion of Stock Repurchase Program
- Google News: American Business Bank expansion
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