Businessweek

American Business Bank (The Bank), a Los Angeles based independently owned bank, offers financial services to businesses in the middle market. Clients include wholesalers, manufacturers, service businesses, professionals and non-profit organizations. The bank’s various products and services include deposit services, cash management, commercial lending, international, and investment services. Deposit Services As an attractive alternative to the corporate banking divisions of larger banks, American Business Bank has invested significant resources in developing a variety of depository services that are needed by growing companies and expected of a full service business bank. These services include Corporate Checking, Savings, Money Market, Certificates of Deposit; Zero Balance Accounts; Controlled Disbursement; Wire Transfers; ACH Processing; Stop Payments; Account Reconcilement; Telephone Notifications of Return Items, Incoming Wires, Maturing Investments; Tax Deposits and Courier Service. Cash Management American Business Bank offers Cash Management Services to manage the cash flow efficiently. The services available allow the customers to control, access and monitor their account information at any time. ACH Disbursement & Collection: The Bank has an advanced easy to use Automated Clearing House (ACH) system. Through the bank’s system the customer is able to either upload a formatted NACHA (National Automated Clearing House Association) file or input individual entries that it would convert to NACHA format. This system is available to help the customer improve their cash flow and forecasting. Processing items via ACH allows the customers to initiate and manage a variety of transactions quickly and conveniently. Controlled Disbursement Account: American Business Bank offers controlled disbursement accounts. Controlled disbursement allows customers that typically issue large dollar checks the ability to draw their checks on a bank in the Midwest or on the East Coast. These checks are paid against an account of American Business Bank and on the day a check is presented, the customer’s main operating account would be charged for the items. Using a non-California bank usually allows more time for investment decisions as the presentment information occurs hours earlier than on the West Coast. Checks used to pay vendors are drawn on the out-of-state bank and funds are transferred daily to cover the amount of checks presented. The fees charged by the drawee bank are either paid directly as fees or by leaving an appropriate level of imprest balances to pay for them. Information Downloads: This service allows the customer to download account information via the Internet directly into their computer system. This provides the client’s company with the ability to receive account and transaction information in a format that the Client can easily manipulate using their internal computer system or treasury workstation. This allows the customers to automate certain key functions such as account reconciliation and cash flow forecasting. Online Banking: NetTeller, American Business Bank’s Internet banking product includes secure, cash management services with instant access to the client’s account information. NetTeller, is a real time system allowing the customer to view transactions as they are posted throughout the day. Through this service the customers are allowed to: View Current Transactions; View Prior Months Bank Statements; Transfer Funds Between Accounts; Place Stop Payments; Initiate Electronic Bill Payments and Originate Automated Clearing House (ACH) Transactions. Lock Box Services American Business Bank offers a wholesale lockbox product to its business customers. The purpose of a lockbox is two fold. First, to improve overall mail collection time and thus potentially reduce the amount of float incurred during the payment cycle. Secondly, the preparation of the customer’s deposits by bank staff members allow the company to reduce overhead. Taxtel (EFTPS) TaxTel is a tax deposit service which is designed to enable a customer to make various state and federal tax deposits via the Internet