Riverside, September 3, 2025
News Summary
American Business Bank has launched a new Loan Production Office in Downtown Riverside, aimed at providing tailored financial services to local businesses. This strategic expansion will be led by Regional Vice President David R. Valenzuela, alongside Michael Gialluly as Vice President & Senior Relationship Manager, together bringing over 40 years of experience. The new office will offer various services including business loans and treasury management, reinforcing the bank’s commitment to supporting the growth of the Riverside business community.
California – American Business Bank (ABBC), a prominent financial institution, has announced the opening of its new Loan Production Office (LPO) located at 3801 University Ave., Suite 640 in Downtown Riverside. This expansion signifies a strategic move by the bank to enhance its footprint in Southern California, supporting the growing demand for tailored financial services in the region.
To lead this new office, David R. Valenzuela has been promoted to the position of Regional Vice President. Valenzuela, who has been with American Business Bank since 2017, has demonstrated proficiency in various capacities within the bank and has been recognized as a key player in the institution’s success. Joining Valenzuela at the Riverside LPO is Michael Gialluly, who will take on the role of Vice President & Senior Relationship Manager. Together, they bring over 40 years of combined experience in middle market banking and have established deep connections within the Riverside business community.
The Downtown Riverside LPO is poised to offer a range of services specifically designed for regional businesses. These services will include business loans, lines of credit, treasury management, and deposit solutions. The bank aims to provide high-quality service and foster partnerships with local businesses as a part of its mission to navigate changing market conditions effectively.
CEO of American Business Bank, Leon Blankstein, has conveyed enthusiasm about the expansion, attributing the growth to the strong local relationships that have developed over time. The new LPO is a part of ABB’s broader strategy to create meaningful connections that promote client growth and confidence. The focus remains on closely held middle-market enterprises in Southern California, allowing the bank to deliver customized solutions that meet diverse financing needs.
American Business Bank is known for offering innovative financial solutions, catering specifically to middle-market businesses. By establishing the new Loan Production Office in a key economic area, ABB is further positioning itself to meet the needs of businesses and provide essential financial tools that drive success.
This new office represents more than just another branch for the bank; it showcases a commitment to enhancing the local economy through dedicated financial support aimed at fostering business development.
Background Context
The establishment of American Business Bank dates back to its founding years, where it set out to provide specialized financial services tailored to specific business needs. The bank has continuously evolved to meet the demands of a changing market, emphasizing a client-centric approach. With this new office, ABB aims to solidify its presence in Riverside and further support local entrepreneurs and businesses in their quest for growth and financial stability.
FAQ Section
Frequently Asked Questions
What services will the new Loan Production Office provide?
The new Loan Production Office will provide services including business loans, lines of credit, treasury management, and deposit solutions tailored specifically for regional businesses.
Who will lead the new Loan Production Office?
David R. Valenzuela will serve as the Regional Vice President to lead the new Loan Production Office. He will be joined by Michael Gialluly as Vice President & Senior Relationship Manager.
Why is American Business Bank expanding into Riverside?
The expansion into Riverside allows American Business Bank to better serve the local business community by providing customized financial solutions and fostering strong local relationships that support economic growth.
Key Features Chart
| Feature | Description |
|---|---|
| Location | 3801 University Ave., Suite 640, Downtown Riverside |
| Leadership | David R. Valenzuela (Regional Vice President), Michael Gialluly (Vice President & Senior Relationship Manager) |
| Service Offerings | Business loans, lines of credit, treasury management, deposit solutions |
| Experience | Over 40 years of combined experience in middle market banking |
| Goals | To provide high-caliber service and foster local business partnerships |
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Declares Cash Dividend
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- Google Search: American Business Bank
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- Encyclopedia Britannica: Banking
- Business Wire: American Business Bank Reports Second Quarter Earnings
- Google News: American Business Bank
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