Chief Executive, Director
American Business Bank
Blankstein remains chief executive of American Business Bank and also assumed a new role as director after Phillip Reghali was promoted to president last May. In 1998, Blankstein left 1st Business Bank alongside four partners after it was acquired by Mellon Financial Group and formed American Business Bank with around $14 million of capital raised. Today, the bank reports approximately $3.9 billion in assets. American Business Bank serves a variety of entrepreneurs in the region as one of the most active lenders for small businesses. The bank has eight branches in the city.
YEARS ON LA500: 6
