Riverside, California, September 4, 2025
News Summary
American Business Bank has announced the opening of a new Loan Production Office in Riverside, California, aimed at providing tailored financial services to local businesses. David R. Valenzuela has been appointed as Regional Vice President to oversee the office, reflecting the bank’s commitment to local leadership. The new office will offer various financial solutions including business loans and treasury management, enhancing the bank’s presence in Southern California.
California – American Business Bank (OTCQX: AMBZ) has announced the opening of a new Loan Production Office (LPO) located at 3801 University Avenue, Suite 640 in Downtown Riverside. This new establishment signifies a substantial expansion of the bank’s presence in Southern California, providing tailored financial services to businesses in the region.
In conjunction with the opening, David R. Valenzuela has been promoted to Regional Vice President, overseeing operations at the Riverside office. His appointment reflects the bank’s commitment to fostering local leadership that understands the specific needs of the Riverside business community. Valenzuela’s expertise in middle market banking positions him as a key figure in advancing the bank’s mission to offer high-caliber service and partnership to local businesses.
Leon Blankstein, the CEO of American Business Bank, emphasized the importance of strong local relationships as a foundation for this expansion. The Riverside LPO is designed to cater to businesses seeking innovative financial solutions, with a wide array of products and services including business loans, lines of credit, treasury management, and deposit solutions.
This new location will significantly enhance the bank’s offerings to closely held middle market businesses in Southern California. Valenzuela will be joined by Michael Gialluly, who will serve as Vice President & Senior Relationship Manager. Together, Valenzuela and Gialluly bring over 40 years of experience in the banking sector, further solidifying the bank’s ability to provide valuable insights into cash flow management, growth financing, and succession planning.
The decision to open a new LPO in Riverside aligns with American Business Bank’s broader strategy of expanding its footprint across key areas in Southern California. With its headquarters in downtown Los Angeles, the bank now operates nine Loan Production Offices across various strategic locations, including Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, Long Beach, and San Diego.
The Riverside office is expected to become a vital resource for local businesses seeking customized financial solutions, establishing American Business Bank as a credible partner for sustainable growth. By emphasizing flexible and innovative financial strategies, the bank aims to leverage its seasoned bankers to provide effective guidance and empower businesses in the area.
Overview of American Business Bank and Its Offerings
American Business Bank specializes in serving closely held middle market businesses, offering a full spectrum of financial solutions tailored to their specific needs. The new Riverside location will enhance the bank’s ability to cater to its clientele, thanks to leadership that understands the local dynamics of the business environment.
The bank’s seasoned professionals are equipped to provide guidance on key financial aspects that are crucial for maintaining and growing a business. Through this office, American Business Bank aims to build lasting relationships that contribute positively to the local economy.
Key Features of the Riverside Loan Production Office
- Location: 3801 University Avenue, Suite 640, Downtown Riverside, California
- Leadership: David R. Valenzuela (Regional Vice President), Michael Gialluly (Vice President & Senior Relationship Manager)
- Experience: Combined over 40 years in middle market banking
- Services Offered: Business loans, lines of credit, treasury management, and deposit solutions
- Focus: Flexible and innovative financial solutions for businesses
Frequently Asked Questions
What is the purpose of the new Loan Production Office in Riverside?
The new Loan Production Office aims to provide tailored financial services to businesses in Riverside, focusing on delivering high-caliber service and fostering partnerships.
Who is leading the Riverside Loan Production Office?
David R. Valenzuela has been promoted to Regional Vice President to lead the office, supported by Michael Gialluly as Vice President & Senior Relationship Manager.
What services will be offered at the Riverside location?
The office will offer a range of services including business loans, lines of credit, treasury management, and deposit solutions to cater to local business needs.
Why is American Business Bank expanding in Southern California?
The expansion aims to strengthen the bank’s footprint in key areas, providing customized financial solutions to closely held middle market businesses and enhancing local economic growth.
Summary of Key Features
| Feature | Description |
|---|---|
| Location | 3801 University Ave., Suite 640, Downtown Riverside, CA |
| Leadership | David R. Valenzuela (Regional VP), Michael Gialluly (VP & Senior RM) |
| Experience | Combined over 40 years in middle market banking |
| Services Offered | Business loans, lines of credit, treasury management, deposit solutions |
| Focus | Flexible and innovative financial solutions for business growth |
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Opens New Loan Production Office in Downtown Riverside, California
- MarketScreener: American Business Bank Receives Regulatory Approval on Second Stock Repurchase Program
- The Globe and Mail: American Business Bank Declares Cash Dividend
- Business Wire: American Business Bank Receives Regulatory Approval on Second Stock Repurchase Program
- MarketScreener: Object Chart
- Wikipedia: Business Bank
- Google Search: American Business Bank
- Encyclopedia Britannica: Banking
- Google News: American Business Bank
- Google Scholar: American Business Bank
Author: STAFF HERE CORONADO
The Coronado Staff Writer represents the experienced team at HERECoronado.com, your go-to source for actionable local news and information in Coronado, 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 the Coronado Island Film Festival, productions at Lamb’s Players Theatre, community workshops at John D. Spreckels Center, and iconic celebrations at Hotel del Coronado. Our coverage extends to key organizations like the Coronado Chamber of Commerce and Visit Coronado, plus leading businesses in hospitality, dining, and tourism that drive the local economy. As part of the broader HERE network, including HERESanDiego.com, HEREHuntingtonBeach.com, HERELongBeach.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
