Downtown Riverside, California, September 4, 2025
News Summary
American Business Bank has announced the opening of a new Loan Production Office in Downtown Riverside, California. This expansion is aimed at enhancing the bank’s presence and service delivery to local businesses. David R. Valenzuela has been appointed as the Regional Vice President to lead the new office, supported by Michael Gialluly as Vice President & Senior Relationship Manager. The Riverside LPO will provide various financial services including business loans and treasury management, reflecting the bank’s commitment to fostering local relationships and growth opportunities.
California – American Business Bank (OTCQX: AMBZ) has announced the opening of a new Loan Production Office (LPO) in Downtown Riverside, California, located at 3801 University Ave., Suite 640. This expansion signifies a notable increase in the bank’s presence across Southern California, aimed at better serving businesses in the region.
As part of this strategic development, David R. Valenzuela has been promoted to Regional Vice President and will lead the new Riverside office. This appointment is part of the bank’s initiative to strengthen its local operations and enhance service delivery to its clientele. Leon Blankstein, the CEO of American Business Bank, has expressed positive sentiments regarding the expansion, emphasizing that strong local relationships play a crucial role in fostering growth opportunities in Riverside.
The Riverside LPO is designed to cater to more businesses in search of high-caliber service and partnership opportunities. Valenzuela’s promotion is viewed as vital to the bank’s success in this venture, as he brings considerable knowledge and experience in managing banking operations. Alongside him, Michael Gialluly will join as Vice President & Senior Relationship Manager at the new office. Together, Valenzuela and Gialluly accumulate over 40 years of middle market banking experience, further solidifying the bank’s capacity to meet client needs effectively.
The newly established Downtown Riverside LPO will offer a range of financial services including business loans, lines of credit, treasury management, and deposit solutions. American Business Bank primarily targets closely held middle market businesses across Southern California, providing customized financial solutions tailored to support business growth.
The bank prides itself on delivering flexible and innovative financial products that assist businesses in managing cash flow, acquiring growth financing, and planning for succession. American Business Bank is headquartered in downtown Los Angeles and operates nine Loan Production Offices strategically positioned across Southern California, including locations in Riverside County, North Orange County in Anaheim, and other key areas.
This recent expansion into Riverside is not only a move to increase the bank’s footprint but also demonstrates the commitment to building enduring relationships within the local business community, which is crucial for long-term success.
Understanding American Business Bank’s Expansion Strategy
American Business Bank is focused on evolving its service offerings to better meet the demands of businesses, especially in rapidly growing markets like Riverside. Through experienced leadership, such as that of Valenzuela and Gialluly, ABB aims to build upon its established roots in the local community to drive new business opportunities.
Services Offered at the Riverside Loan Production Office
- Business Loans
- Lines of Credit
- Treasury Management
- Deposit Solutions
Background on American Business Bank
Established to provide strong financial support for middle market companies, American Business Bank has successfully positioned itself as a key player in Southern California’s financial landscape. With seasoned bankers on the team, the bank is well-equipped to guide businesses through various financial challenges and opportunities.
Key Features Chart
| Feature | Description |
|---|---|
| New Location | 3801 University Ave., Suite 640, Downtown Riverside, CA |
| Leadership | David R. Valenzuela – Regional VP |
| Vice President | Michael Gialluly – Senior Relationship Manager |
| Experience | Over 40 years combined in middle market banking |
| Services | Business loans, lines of credit, treasury management, and deposit solutions |
| Number of Locations | 9 Loan Production Offices in Southern California |
FAQ
What is a Loan Production Office (LPO)?
A Loan Production Office is a branch that primarily focuses on generating loans and providing financial services to businesses without offering full banking services like deposits.
Where is the new LPO located?
The new Loan Production Office is located at 3801 University Ave., Suite 640, Downtown Riverside, California.
Who will lead the new office?
David R. Valenzuela has been promoted to Regional Vice President to lead the Riverside office.
What services will the Riverside LPO provide?
The Riverside LPO will offer business loans, lines of credit, treasury management, and deposit solutions.
How many Loan Production Offices does American Business Bank operate?
American Business Bank operates a total of nine Loan Production Offices across Southern California.
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Opens New Loan Production Office
- Wikipedia: American Business Bank
- MarketScreener: American Business Bank Receives Regulatory Approval
- Google Search: American Business Bank
- My RCNS: Riverside Joins Nationwide Protests
- Encyclopedia Britannica: Banking
Author: STAFF HERE BEVERLY HILLS WRITER
The Beverly Hills Staff Writer represents the experienced team at HEREBeverlyHills.com, your go-to source for actionable local news and information in Beverly Hills, Los Angeles 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 Rodeo Drive Concours d'Elegance, the Beverly Hills artSHOW, Concerts on Canon, and holiday celebrations throughout the city. Our coverage extends to key organizations like the Beverly Hills Chamber of Commerce and Visit Beverly Hills, plus leading businesses in luxury fashion, hospitality, and entertainment that drive the local economy. As part of the broader HERE network, including HERELosAngeles.com, HERESantaAna.com, HEREHuntingtonBeach.com, and HERECostaMesa.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
