American Business Bank (OTCQX: AMBZ) is making strides in its growth strategy by opening a new Loan Production Office (LPO) in San Diego, California. This office represents a significant step in the bank’s expansion throughout Southern California. The decision to establish this LPO comes after years of cultivating relationships with local clients, making this the opportune moment to enhance service offerings for businesses in the region.
CEO Leon Blankstein emphasized the strategic importance of San Diego for the bank’s operations. “Our highly skilled bankers are experienced in serving the San Diego market and are eager to deepen those relationships through dedicated service and care,” he stated. This sentiment reflects the bank’s commitment to fostering genuine banking relationships that cater to the specific needs of local businesses.
The new office, located at 4727 Executive Drive, Suite 275, San Diego will be led by Senior Vice President John Hartwig and First Vice President Ana Calvert, who collectively bring over 60 years of experience in client-focused commercial banking. Their expertise is particularly relevant for San Diego’s vibrant community of privately owned businesses, which form the backbone of the local economy. Hartwig articulated a vision for growth: “Our plan is to build our LPO brick by brick, client by client, banker by banker while continuing to serve best-in-class, privately owned, middle market companies.”
American Business Bank aims to provide a comprehensive suite of services tailored to meet the unique demands of San Diego businesses. These offerings will include business loans, credit lines, treasury management, and deposit solutions, all designed to facilitate growth and adaptability in an evolving marketplace. The bank’s approach is rooted in delivering flexible and innovative financial solutions that empower businesses to thrive.
As a financial institution dedicated to closely held middle-market businesses in Southern California, American Business Bank prides itself on customizing solutions across a wide spectrum of financial needs. Its bankers are not only trained to manage cash flow and financing growth but also provide insightful guidance that aligns with the specific challenges faced by local enterprises.
American Business Bank operates from its headquarters in downtown Los Angeles and has established multiple Loan Production Offices across strategic locations in Southern California. These include offices in North Orange County (Anaheim), Orange County (Irvine), South Bay (Torrance), San Fernando Valley (Woodland Hills), Riverside County (Corona), Inland Empire (Ontario), and LA Coastal (Long Beach). The addition of the San Diego office reinforces the bank’s commitment to serving a diverse clientele that includes wholesalers, manufacturers, service businesses, professionals, and non-profits.
The opening of the San Diego LPO marks a pivotal moment for American Business Bank as it continues to expand its reach and enhance its service offerings.
