IE Business Daily Business news for the Inland Empire.
American Business Bank has declared a 25-cent-per-share dividend for the quarter that ended Sept. 30.
That dividend is expected to be paid Dec. 16, to shareholders of record as of Nov. 10, according to a statement released by the bank.
American Business Bank also announced earnings of $14.3 million for the third quarter, the fifth consecutive quarter that number has grown.
Core deposits increased by $169 million during the third quarter, a five percent quarter-over-quarter increase, while total loans increase by $25 million, a one percent increase from the second quarter, according to the statement.
Based in Los Angeles, American Business Bank has nine production offices in Southern California, including locations in Corona, Ontario, and Riverside.
