IE Business Daily Business news for the Inland Empire.
American Business Bank has opened a loan production office inn Riverside.
The office at 3801 University Ave., “marks a significant expansion of American Business Bank’s footprint across Southern California,” according to a statement released by the Los Angeles-based financial institution.
It will provide multiple services, including business loans, lines of credit, treasury management, and deposit solutions.
“Our strong local relationships have laid the foundation for this expansion, and we are confident this new office will allow us to serve more businesses seeking high-caliber service and partnership,” said Leon Blankstein, chief executive officer, in the statement.
David R. Valenzuela, recently promoted to regional vice to president, is in charge of the Riverside office.
American Business Bank helps middle-market businesses grow and manage their operations. It has nine loan production offices in Southern California, including one in Corona and another in Ontario, according to the statement.
