American Business Bank Declares Twenty Percent Stock Dividend
November 10 2014 - 2:53PM
Business Wire
AMERICAN BUSINESS BANK (Bank) (AMBZ) today announced that its
Board of Directors has declared that the Bank will pay a twenty
percent stock dividend to shareholders of record as of November 20,
2014. The special dividend is payable on December 9, 2014.
“The Executive Officers and Board felt that this stock dividend
shows the Bank’s appreciation for the support of our shareholders
over the years and a reward for the excellent growth of the company
in asset size, core earnings and franchise value,” said Wes
Schaefer Chief Financial Officer.
“The consistently strong results that we have produced over the
years are a reflection of the quality clients that value American
Business Bank’s collaborative approach to banking,” added Robert
Schack, Chairman of the Board.
Leon Blankstein, President and CEO, said “We continue to execute
our original plan to grow the Bank one customer at a time, creating
value for our customers that benefits them and the Bank. We have
done this in good and bad economies. We plan on continuing to
execute this strategy going forward.”
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.
American Business BankWesley E. SchaeferVice Chairman &
Chief Financial Officer213-430-4008
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