LOS ANGELES--(BUSINESS WIRE)--AMERICAN BUSINESS BANK (OTCBB:AMBZ) today announced that its Board of Directors has declared that the Bank will pay a ten percent stock dividend to shareholders of record as of August 31, 2017. The stock dividend is payable on September 22, 2017.
Leon Blankstein, President and CEO, said “We are pleased to announce the payment of this 10% stock dividend to our shareholders. Over the past few years we have been able to successfully execute on our business plan; we continue to generate solid earnings and provide excellent services to our clients.”
Founded in 1998, American Business Bank offers a wide range of financial services to businesses in the middle market. Clients include wholesalers, manufacturers, service businesses, professionals and non-profit organizations. The bank is headquartered in downtown Los Angeles and can be found on the Internet at www.americanbusinessbank.com.