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American Security Bank Opens Second Banking Office in Apple Valley

SANTA ANA, Calif.--(BUSINESS WIRE)--David T. Blankenhorn, President/CEO of American Security Bank, announced that the Bank’s full-service banking office located at 16020 Apple Valley Road, Suite B-1, in the Spirit River Business Complex, opened for business on Monday, April 28, 2008. The branch is the second location of American Security Bank to open in Apple Valley. The first office, the original headquarters office of the Bank, is located at 19181 Town Center Drive in Apple Valley. The Bank also has an office in Victorville and will now serve the Victor Valley community from three convenient locations.

Douglas Fowler, Senior Vice President, will manage the Spirit River location. Fowler is a well established business banking professional who has served the financial needs of the Victor Valley community for nearly two decades. He has been with the Bank since May 2006 and operated out of the Victorville office while a new location was identified.

“Apple Valley is growing and the business growth on the north end of town suggested an expanded need for the types of services American Security Bank provides. Doug Fowler has a strong connection to the community and is looking forward to continuing the Bank’s commitment to the Victor Valley in this new office,” stated David Blankenhorn, CEO.

American Security Bank provides a full complement of business and personal banking services. The bank is positioned as the “Hometown” bank you’d find on any Main Street in any town in the U.S., the one managed by your neighbors and friends. They refer to themselves as the “Right-sized” bank - large enough to handle even your most aggressive business plan, and personal enough to make the process simple.

American Security Bank is headquartered in Santa Ana, CA. The Bank, the third largest independent bank in Orange County, has assets totaling $446 million (as of March 31, 2008.) It operates full-service banking offices in Santa Ana, Laguna Niguel, Apple Valley, Lancaster, Victorville and Corona. Loan Production offices serve the cities of Covina, Newport Beach and Palmdale, giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside and San Bernardino.


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