Downtown Riverside, September 3, 2025
News Summary
American Business Bank has opened a new Loan Production Office in Downtown Riverside to enhance its services for local businesses. The office, overseen by Regional Vice President David R. Valenzuela, aims to provide tailored financial solutions including business loans, lines of credit, and treasury management. This expansion reflects the bank’s commitment to supporting the growth of closely-held middle market businesses in Southern California, establishing stronger ties with the local community.
California
American Business Bank has opened a new Loan Production Office (LPO) in Downtown Riverside, marking a substantial expansion of its operations in Southern California. The newly established office is located at 3801 University Ave., Suite 640 and is part of the bank’s strategy to enhance its services for local businesses.
In tandem with this opening, David R. Valenzuela has been appointed as the Regional Vice President to oversee the new LPO. Valenzuela has been with American Business Bank since 2017 and is recognized for his influence in the bank’s growth. He will be joined by Michael Gialluly, who comes on board as Vice President & Senior Relationship Manager. Together, Valenzuela and Gialluly bring over 40 years of combined experience in middle market banking, with deep-rooted connections to the Riverside business community.
The primary objective of the Downtown Riverside LPO is to offer tailored services that cater specifically to regional businesses. Services will include business loans, lines of credit, treasury management, and deposit solutions. American Business Bank aims to provide high-caliber customer service and establish meaningful partnerships that will support local business growth.
CEO of American Business Bank, Leon Blankstein, expressed enthusiasm about this new location, highlighting the strong relationships cultivated in the community that have contributed to its expansion. The bank focuses on delivering innovative financial solutions designed to help closely-held middle market businesses navigate the shifting economic landscape.
This expansion comes amid a growing need for specialized banking solutions as businesses seek customized support to meet their financing and operational needs. In addition, the establishment of the new LPO aligns with the bank’s commitment to fostering client growth and building confidence among its clientele in Southern California.
About American Business Bank
American Business Bank has carved a niche in providing financial services tailored to closely held middle market businesses in Southern California. With the recent opening of the Downtown Riverside Loan Production Office, the bank is poised to further extend its geographic reach and enhance its service offerings to better address the needs of local business owners.
Future Prospects
The new LPO is expected to strengthen the bank’s presence in Riverside and foster stronger ties within the local economy. With experienced professionals at the helm, it is anticipated that the LPO will facilitate significant growth opportunities for businesses in the area.
Summary of Key Features
| Feature | Details |
|---|---|
| Location | 3801 University Ave., Suite 640, Downtown Riverside |
| Leadership | David R. Valenzuela (Regional Vice President); Michael Gialluly (Vice President & Senior Relationship Manager) |
| Experience | Combined experience of over 40 years in middle market banking |
| Target Services | Business loans, lines of credit, treasury management, deposit solutions |
| Bank Goals | To provide innovative financial solutions and foster client growth |
FAQ
What is the purpose of the new Loan Production Office?
The LPO aims to offer tailored financial services specifically designed for businesses in Riverside, including loans and treasury management solutions.
Who will lead the new office?
David R. Valenzuela has been appointed as the Regional Vice President, and he will be joined by Michael Gialluly as the Vice President & Senior Relationship Manager.
How does American Business Bank plan to support local businesses?
The bank emphasizes high-caliber service and aims to forge meaningful relationships with local businesses to foster growth and confidence.
What types of services will be offered at the Downtown Riverside LPO?
The LPO will provide various services, including business loans, lines of credit, treasury management, and deposit solutions.
Why is the expansion significant for American Business Bank?
This expansion represents a significant move in enhancing the bank’s footprint in Southern California, catering to the evolving needs of middle market businesses in the region.
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Declares Cash Dividend
- Wikipedia: American Business Bank
- RCNS: Riverside Joins Nationwide Workers Over Billionaires Labor Day Protests
- Google Search: American Business Bank
- Business Wire: American Business Bank Reports Second Quarter Earnings
- Encyclopedia Britannica: California
- RCNS: Alleged Human Traffickers Seek Bail Reductions
- Google News: California Business Banking
Author: STAFF HERE HOLLYWOOD
The Hollywood Staff Writer represents the experienced team at HEREHollywood.com, your go-to source for actionable local news and information in Hollywood, 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 Hollywood Bowl summer concerts, the Hollywood Christmas Parade, film premieres at TCL Chinese Theatre, and festivals at the Magic Castle. Our coverage extends to key organizations like the Hollywood Chamber of Commerce and Visit Hollywood, plus leading businesses in entertainment, dining, and tourism that define the local economy. As part of the broader HERE network, including HERELosAngeles.com, HEREBeverlyHills.com, HEREAnaheim.com, and HEREHuntingtonBeach.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
