American Business Bank announced that Leon Blankstein will assume the post of CEO in addition to his current position as president. The management change is in line with the bank's succession plan that has been in motion since 2011 when Blankstein was named president. He replaces Don Johnson, who is also the bank's founding president.

Johnson will in turn continue as a member of the board of directors, serving as its vice chairman. Blankstein's appointment is effective from April 17, 2013.