American Business Bank Announces Its Results for the Year Ended December 31st 2012, Including 20% Loan Growth and 10% Earnings Growth over 2011

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American Business Bank Announces Its Results for the Year Ended December 31st 2012, Including 20% Loan Growth and 10% Earnings Growth over 2011 Powered By Docstoc
					
				
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posted:2/1/2013
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Description: LOS ANGELES--(BUSINESS WIRE)--AMERICAN BUSINESS BANK (Bank) (OTCBB: AMBZ) today reported net income of $10,884,000 for the year ended 2012, a 10% increase over the $9,886,000 earned in 2011. Earnings per share (basic) for 2012 increased to $2.46 versus $2.24 in 2011. Shares outstanding at the end of the year totaled 4,432,331. “It’s a tribute to our staff that they, once again, provided our shareholders a double digit return on equity in a single digit market,” said Robert Schack, Chairman. “Ame a styl
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