U.S. Markets close in 3 hrs 8 mins

American Business Bank Announces the Retirement of Two Directors

LOS ANGELES--(BUSINESS WIRE)--

AMERICAN BUSINESS BANK (OTC Pink: AMBZ) announced today that D. Van Skilling and Wes Schaefer will not stand for re-election to the Board of Directors at the shareholder meeting on May 21, 2019. Mr. Skilling and Mr. Schaefer were both founding directors of American Business Bank and have served on the Board since 1997.

“Van has been an outstanding member of the Board since day one. His vast corporate experience and moral guidance has helped American Business Bank tremendously over the years,” stated Don Johnson, AMBZ’s Vice Chairman.

“Wes has helped to guide our strategy as a founding executive officer. Over 21 years his stewardship of the balance sheet through challenging interest rate and credit cycles has protected and enhanced our mission,” stated Chairman Emeritus and Director Bob Schack.

“After 21 years of exemplary service to American Business Bank, we will miss the judgment of Van and Wes as Board members. As we continue to grow in a competitive banking environment, our Board will continue to insure that our culture and commitment to customer service will remain unchanged,” stated Leon Blankstein, CEO, President and Director.

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 Office in Irvine, South Bay Office in Torrance, San Fernando Valley in the Warner Center, Riverside County in Corona and Inland Empire in Ontario.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190408005163/en/