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American Business Bank reports stock dividend

American Business Bank has declared a 10-cent stock dividend per common share.

The dividend is payable July 22 to all shareholders of record at the close of business June 23, according to a statement.

“We are pleased to announce the distribution of this stock dividend to our shareholders,” said Leon Blankstein, the Los Angeles bank’s president and chief executive officer, in the statement. “Over the past few years, we have been able to successfully execute on our business plan despite the pandemic; we continue to generate solid earnings and provide excellent service to our clients.”

American Business Bank has six loan production offices, including one in Corona, according to the statement.

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