American Business Bank Announces Stock Dividend
American Business Bank (OTCQX: AMBZ) has declared a 10% stock dividend for its shareholders, payable on July 22, 2021, to stockholders of record by June 23, 2021. The decision reflects the bank's ability to execute its business plan effectively amidst the pandemic, continuing to generate solid earnings and offering excellent service. The bank operates multiple Loan Production Offices across key locations in California, serving various sectors including wholesalers and non-profits.
- Declared a 10% stock dividend enhancing shareholder value.
- Successfully executed business plan during the pandemic, indicating resilience.
- Continued solid earnings generation demonstrating financial stability.
- None.
AMERICAN BUSINESS BANK (OTCQX: AMBZ) announced today that its Board of Directors has declared a ten percent stock dividend per common share. The stock dividend is payable on July 22, 2021 to stockholders of record at the close of business on June 23, 2021.
Leon Blankstein, President and CEO, commented, “We are pleased to announce the distribution of this stock dividend to our shareholders. 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.”
ABOUT AMERICAN BUSINESS BANK
American Business Bank, headquartered in downtown Los Angeles, offers a wide range of financial services to the business marketplace. Clients include wholesalers, manufacturers, service businesses, professionals and non-profits. American Business Bank has six Loan Production Offices in strategic locations including: North Orange County in Anaheim, Orange County in Irvine, South Bay in Torrance, San Fernando Valley in Woodland Hills, Riverside County in Corona and Inland Empire in Ontario.
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