Riverside, California, September 4, 2025
News Summary
American Business Bank has announced the opening of a new Loan Production Office (LPO) in Downtown Riverside, California. This expansion aims to enhance services for local businesses and is led by Regional Vice President David R. Valenzuela and Vice President Michael Gialluly, both bringing extensive experience in middle market banking. The new LPO will offer various financial services tailored for closely held middle market businesses, reinforcing American Business Bank’s commitment to the local business community.
American Business Bank Expands with New Loan Production Office in Riverside
California is home to American Business Bank’s (OTCQX: AMBZ) latest expansion, as the bank has announced the opening of a new Loan Production Office (LPO) in Downtown Riverside. The new establishment, located at 3801 University Ave., Suite 640, signifies a substantial growth in the bank’s presence across Southern California, particularly aimed at enhancing services for local businesses.
As part of this expansion, David R. Valenzuela has been appointed as the Regional Vice President to lead the Riverside office. His promotion illustrates the bank’s commitment to leverage local talent and expertise to drive growth in the area. Alongside Valenzuela, Michael Gialluly will take on the role of Vice President & Senior Relationship Manager. Together, they bring over 40 years of experience in middle market banking, positioning them to effectively cater to the needs of local businesses seeking financial services.
American Business Bank aims to provide high-caliber service and partnership to businesses in Riverside, focusing on delivering flexible and innovative financial solutions to foster business growth. The LPO in downtown Riverside will offer a variety of services, including business loans, lines of credit, treasury management, and deposit solutions tailored to closely held middle market businesses.
The CEO of American Business Bank, Leon Blankstein, expressed enthusiasm regarding this expansion, highlighting the importance of strong local relationships as a foundation for the bank’s growth. This focus on community ties is essential for ABB as it seeks to enhance its customer service and support networks in the region.
Leadership and Experience
Valenzuela’s leadership is recognized as crucial for the bank’s success. His deep connections within the Riverside business community will be instrumental in establishing the new office’s presence and credibility. Gialluly’s experience, combined with Valenzuela’s, will ensure customers receive expert guidance in financial matters, extending from cash flow management to growth financing and succession planning.
About American Business Bank
Headquartered in downtown Los Angeles, American Business Bank operates a network of nine Loan Production Offices throughout Southern California. The locations include Riverside County in Downtown Riverside, North Orange County in Anaheim, Orange County in Irvine, the South Bay area in Torrance, San Fernando Valley in Woodland Hills, Southern Inland Empire in Corona, Inland Empire in Ontario, LA Coastal in Long Beach, and North County in San Diego. This strategic footprint enables the bank to serve a wide array of clientele while customizing a full spectrum of financial solutions specifically for closely held businesses.
By strengthening its operational reach in Riverside, American Business Bank showcases its dedication to empowering the local business ecosystem, enhancing financial partnerships, and contributing to the community’s economic vitality.
Frequently Asked Questions
What services will be offered at the new Loan Production Office in Riverside?
The new LPO in Riverside will provide various services, including business loans, lines of credit, treasury management, and deposit solutions tailored for closely held middle market businesses.
Who is leading the new Loan Production Office?
David R. Valenzuela has been promoted to Regional Vice President to lead the new Riverside LPO, supported by Michael Gialluly as Vice President & Senior Relationship Manager.
Why is American Business Bank expanding into Riverside?
The expansion aims to strengthen American Business Bank’s presence across Southern California and leverage local relationships to better serve businesses in Riverside with high-quality financial services.
Chart: Key Features of American Business Bank’s Riverside Office
| Feature | Details |
|---|---|
| Location | 3801 University Ave., Suite 640, Riverside, California |
| Leadership | David R. Valenzuela (Regional VP), Michael Gialluly (VP & Senior RM) |
| Experience | Over 40 years combined experience in middle market banking |
| Services Offered | Business loans, lines of credit, treasury management, deposit solutions |
| Target Market | Closely held middle market businesses |
Deeper Dive: News & Info About This Topic
- Business Wire: American Business Bank Expands with New Loan Production Office
- MarketScreener: American Business Bank Receives Regulatory Approval on Second Stock Repurchase Program
- The Globe and Mail: American Business Bank Declares Cash Dividend
- Wikipedia: American Business Bank
- Google Search: American Business Bank
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.
