Riverside, California, September 4, 2025
News Summary
American Business Bank has expanded its operations by opening a new Loan Production Office in Downtown Riverside, California. The office, located at 3801 University Ave., Suite 640, aims to provide enhanced financial services to local businesses. Led by David R. Valenzuela as Regional Vice President, the new LPO will offer a variety of services including business loans, lines of credit, and treasury management. This strategic expansion reflects the bank’s commitment to support the middle market sector in Southern California.
California – American Business Bank (OTCQX: AMBZ) has announced the opening of a new Loan Production Office (LPO) in Downtown Riverside, marking a strategic expansion of the bank’s operations across Southern California. The new office is located at 3801 University Ave., Suite 640, which is aimed at enhancing the bank’s service offerings to local businesses.
This expansion is a vital step for American Business Bank, as it increases its presence and ability to cater to businesses seeking specialized financial services. David R. Valenzuela has been promoted to Regional Vice President and will lead the Riverside office, underscoring the bank’s commitment to serve the middle market sector effectively. In addition, Michael Gialluly will take on the role of Vice President & Senior Relationship Manager at the new office, contributing to a strong leadership team.
With over 40 years of combined experience in middle market banking, Valenzuela and Gialluly have deep connections within the Riverside business community, which positions the new LPO to build robust relationships with clients. Leon Blankstein, the CEO of American Business Bank, noted that these local connections are fundamental to the bank’s growth strategy.
The Riverside LPO plans to offer a range of essential services, including business loans, lines of credit, treasury management, and deposit solutions. The emphasis will be on delivering flexible and innovative financial solutions tailored for business growth. By focusing on closely held middle market businesses in Southern California, the bank aims to meet specific client needs and provide expert guidance on cash flow management, growth financing, and succession planning.
Expansion Details
This new office marks American Business Bank’s commitment to expanding its footprint throughout the Southern California region. The bank is headquartered in downtown Los Angeles and operates a total of nine Loan Production Offices strategically located across Southern California. This includes offices in Riverside County, North Orange County, Orange County, South Bay, San Fernando Valley, Southern Inland Empire, Inland Empire, LA Coastal, and North County. The Riverside office will serve as a key hub in this network, enabling easier access to services for local businesses.
About American Business Bank
American Business Bank is focused on providing a comprehensive range of financial solutions to middle market businesses, delivering services that are customized based on the unique needs of its clients. The bank’s experienced bankers play a crucial role in enhancing client relationships and guiding businesses through various financial landscapes.
Conclusion
The establishment of the Riverside Loan Production Office signifies American Business Bank’s dedication to fostering growth and development within the local economy. By promoting skilled professionals like David R. Valenzuela and Michael Gialluly, and by offering tailored financial solutions, the bank is poised to make a meaningful impact in the Riverside business community.
Frequently Asked Questions
What is the purpose of the new Loan Production Office in Riverside?
The new Loan Production Office aims to provide enhanced financial services to local businesses, focusing on high-caliber service and partnership.
Who will lead the new Riverside office?
David R. Valenzuela has been promoted to serve as the Regional Vice President and will lead the new office.
What services will the Riverside LPO offer?
The Riverside LPO will offer business loans, lines of credit, treasury management, and deposit solutions.
How experienced is the leadership team at the Riverside LPO?
Combined, David R. Valenzuela and Michael Gialluly bring over 40 years of experience in middle market banking.
Where is American Business Bank headquartered?
American Business Bank is headquartered in downtown Los Angeles.
Chart: Key Features of the Riverside LPO
| Feature | Details |
|---|---|
| Location | 3801 University Ave., Suite 640, Riverside, CA |
| Leadership | David R. Valenzuela (Regional Vice President), Michael Gialluly (VP & Senior Relationship Manager) |
| Experience | Over 40 years combined experience in middle market banking |
| Services Offered | Business loans, lines of credit, treasury management, deposit solutions |
| Headquarters | Downtown Los Angeles |
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Opens New Loan Production Office
- Google Search: American Business Bank Loan Production Office Riverside
- MarketScreener: American Business Bank Receives Regulatory Approval on Stock Repurchase Program
- Wikipedia: Banking in the United States
- MyRCNS: Riverside Joins Nationwide Workers Over Billionaires Labor Day Protests
- Google Scholar: American Business Bank expansion California
- The Globe and Mail: American Business Bank Declares Cash Dividend
- Encyclopedia Britannica: Banking
