Downtown Riverside, California, September 3, 2025
News Summary
American Business Bank has opened a new Loan Production Office in Downtown Riverside, California. This expansion aims to enhance the bank’s local presence and better serve regional businesses. Led by David R. Valenzuela as Regional Vice President, the office will offer tailored financial services including business loans and treasury management. With over 40 years of combined experience in middle market banking, Valenzuela and his team are committed to fostering strong relationships within the Riverside business community.
California – American Business Bank (OTCQX: AMBZ) has announced the opening of a new Loan Production Office (LPO) in Downtown Riverside, marking a significant expansion in Southern California. Located at 3801 University Ave., Suite 640, this new office is set to enhance the bank’s presence in the region and better serve local businesses. David R. Valenzuela has been appointed Regional Vice President to lead this new initiative.
Chief Executive Officer Leon Blankstein expressed enthusiasm about the new office, underscoring the robust local relationships that have supported this expansion. He stated that this opening is a strategic move to reinforce the bank’s dedication to providing tailored services to regional businesses.
Valenzuela, who joined American Business Bank in 2017, has made instrumental contributions to the institution’s success. Alongside him in the new office will be Michael Gialluly, who takes on the role of Vice President & Senior Relationship Manager. Together, Valenzuela and Gialluly bring over 40 years of combined experience in middle market banking, with deep connections to the Riverside business community.
Objectives and Services
The newly established office aims to provide high-caliber service and partnership opportunities for businesses. Services offered at the Downtown Riverside LPO will include business loans, lines of credit, treasury management, and customized deposit solutions. American Business Bank is committed to delivering innovative financial solutions that assist businesses in navigating evolving market conditions.
As a bank that focuses on closely held middle market businesses in Southern California, American Business Bank prides itself on creating tailored financial solutions that meet a variety of financing needs. The new LPO’s strategic goal is to cultivate meaningful relationships that can drive client growth and promote confidence in their financial decisions.
Background Information
In recent years, American Business Bank has gradually expanded its services in Southern California, reflecting a commitment to meet the growing demands of local businesses. By opening the Downtown Riverside LPO, the bank is not only enhancing accessibility to financial resources but also fostering a collaborative environment for economic development in the area.
The establishment of this LPO aligns with American Business Bank’s long-term vision of being a supportive partner to enterprises within the region, ensuring they have the financial tools and guidance necessary for success. The local banking landscape is becoming increasingly competitive, making this expansion vital both for the bank and for businesses seeking proactive financial partnerships.
Key Takeaways
- New Loan Production Office in Downtown Riverside enhances American Business Bank’s presence in Southern California.
- David R. Valenzuela appointed as Regional Vice President to lead operations at the new office.
- Michael Gialluly joins Valenzuela, bringing extensive banking experience.
- The LPO will focus on offering tailored services including loans, lines of credit, and treasury management.
- American Business Bank aims to foster strong community relationships and adaptability in financial solutions.
Conclusion
The opening of the Loan Production Office in Downtown Riverside is an important step for American Business Bank as it strives to solidify its commitment to local businesses. With experienced leadership and a focus on tailored financial solutions, the bank aims to play an integral role in supporting economic growth in the community.
FAQs
What services will the new Loan Production Office offer?
The new Loan Production Office will offer services such as business loans, lines of credit, treasury management, and deposit solutions tailored for regional businesses.
Who will manage the new office?
David R. Valenzuela has been appointed as the Regional Vice President to manage the new Loan Production Office, supported by Michael Gialluly as Vice President & Senior Relationship Manager.
Where is the new Loan Production Office located?
The new Loan Production Office is located at 3801 University Ave., Suite 640, in Downtown Riverside, California.
Key Features
| Feature | Description |
|---|---|
| Location | 3801 University Ave., Suite 640, Downtown Riverside |
| Leadership | David R. Valenzuela (Regional Vice President), Michael Gialluly (Vice President & Senior Relationship Manager) |
| Experience | Over 40 years of combined experience in middle market banking |
| Services Offered | Business loans, lines of credit, treasury management, customized deposit solutions |
| Bank Focus | Tailored solutions for closely held middle market businesses |
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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.
