AMERICAN BUSINESS Bank Surprises Shareholders With First Cash Dividend
— American Business Bank has announced its first-ever quarterly cash dividend of $0.25 per share on common stock. This marks a big step for the bank, highlighting its strong financial health and dedication to shareholder value. The dividend will be paid on March 17, 2025, to shareholders listed by February 24, 2025.
Based in Los Angeles, American Business Bank serves a wide range of clients like wholesalers, manufacturers, service businesses, professionals, and non-profits. The bank’s focus is clear with its seven Loan Production Offices in key spots such as Anaheim and Irvine in Orange County and other major areas like Torrance and Woodland Hills.
The announcement highlights the bank’s solid growth plan aimed at expanding within California’s business scene. By offering customized financial services through well-placed offices, American Business Bank boosts its role as a top provider of business banking solutions in the region.