Riverside, California, September 3, 2025
News Summary
American Business Bank has opened a new Loan Production Office in Downtown Riverside, California, to enhance its services for local businesses. This strategic expansion aligns with the bank’s commitment to providing customized financial solutions. Led by Regional Vice President David R. Valenzuela, the new office will cater to the unique needs of middle-market enterprises, offering various financial services. The establishment of this office aims to strengthen local business ties and drive economic growth in the Riverside area.
California – American Business Bank Expands with New Loan Production Office in Downtown Riverside
American Business Bank (OTCQX: AMBZ) has announced the opening of a new Loan Production Office (LPO) in Downtown Riverside, marking a significant expansion of its operations in Southern California. The new office is situated at 3801 University Ave., Suite 640, and aims to enhance the bank’s ability to serve local businesses with tailored financial solutions.
The appointment of David R. Valenzuela as Regional Vice President to lead this new office underscores the bank’s commitment to establishing strong local ties. Valenzuela, who has been with American Business Bank since 2017, has been recognized for his key contributions to the organization’s success. Alongside him, Michael Gialluly will join as Vice President & Senior Relationship Manager, bringing over 40 years of combined experience in middle-market banking to the team.
Focus on Local Business Needs
The Downtown Riverside LPO is designed specifically to meet the financial needs of regional businesses by offering a range of services that include business loans, lines of credit, treasury management, and deposit solutions. The establishment of this office reflects the bank’s strategy to deliver innovative financial solutions that help businesses navigate the complexities of changing market conditions.
American Business Bank primarily serves closely held middle-market businesses in the Southern California area, focusing on providing customized financing solutions. The new LPO is expected to foster meaningful relationships that promote client growth and build confidence among local enterprises.
Strategic Expansion in Southern California
The expansion into Downtown Riverside serves as part of American Business Bank’s broader strategy to solidify its presence within Southern California. CEO Leon Blankstein expressed enthusiasm about the opportunity to grow in Riverside, highlighting the importance of strong local relationships that support this expansion. This move is anticipated to enhance the bank’s ability to cater to the unique economic landscape of Riverside, which is home to a variety of industries and entrepreneurial ventures.
Valenzuela and Gialluly’s extensive knowledge of the Riverside business community is expected to facilitate strong partnerships with local enterprises. Both leaders have been recognized for their dedication to client service and their ability to provide personalized banking experiences. The establishment of this new LPO is an important step toward fostering trust and support for businesses in the region.
As American Business Bank continues to expand its footprint, it reinforces its commitment to helping local companies thrive. With a focused approach toward understanding and addressing the specific challenges faced by businesses in Riverside, the bank aims to play a vital role in driving economic growth in the area.
FAQ
What is the purpose of the new Loan Production Office in Downtown Riverside?
The new Loan Production Office aims to provide tailored financial services to businesses in Riverside, including business loans, lines of credit, treasury management, and deposit solutions.
Who will lead the new office?
David R. Valenzuela has been appointed as the Regional Vice President to lead the new Loan Production Office in Downtown Riverside.
What experience does the leadership team bring to the new office?
David R. Valenzuela and Michael Gialluly have over 40 years of combined experience in middle-market banking, with significant ties to the Riverside business community.
How does American Business Bank support local businesses?
American Business Bank focuses on providing customized financial solutions to closely held middle-market businesses in Southern California, helping them navigate changing market conditions.
Key Features of American Business Bank’s New Loan Production Office
| Feature | Details |
|---|---|
| Location | 3801 University Ave., Suite 640, Downtown Riverside |
| Leadership | David R. Valenzuela as Regional Vice President; Michael Gialluly as Vice President & Senior Relationship Manager |
| Services Offered | Business loans, lines of credit, treasury management, deposit solutions |
| Experience | Over 40 years of combined banking experience in the Riverside area |
| Target Clients | Closely held middle-market businesses in Southern California |
Deeper Dive: News & Info About This Topic
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- Business Wire: American Business Bank Announces New Loan Production Office in San Diego
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SAN DIEGO STAFF WRITER The SAN DIEGO STAFF WRITER represents the experienced team at HERESanDiego.com, your go-to source for actionable local news and information in San Diego, San Diego County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Comic-Con International, San Diego County Fair, and San Diego Pride Festival. Our coverage extends to key organizations like the San Diego Regional Chamber of Commerce and United Way of San Diego County, plus leading businesses in biotechnology, healthcare, and technology that power the local economy such as Qualcomm, Illumina, and Scripps Health. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECostaMesa.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HEREMissionViejo.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
