Latest News

Here you’ll find all the latest news about Avidbank. Visit our News Archive for additional press releases
dating back to the Bank’s initial capital campaign.
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  2017
April 24, 2017 Avidbank Holdings, Inc. Announces Net Income of $1,554,000 for the First Quarter of 2017
Palo Alto, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $1,554,000 for 2017, a 29% increase compared to $1,207,000 for 2016.
March 16, 2017 Avidbank Announces Fergal O'Boyle Promoted to Executive Vice President, Construction Lending
Palo Alto, CA - Avidbank Holdings, Inc., parent company of Avidbank, announced today that Fergal O'Boyle has been promoted to Executive Vice President of the Bank's Real Estate Construction Lending Division.
February 15, 2017 Avidbank Provides $8 Million Line of Credit to Yes To, Inc.
Palo Alto, CA - Avidbank Specialty Finance, a Division of Avidbank that specializes in technology and asset-based lending, has provided an $8 million asset-based line of credit to Yes To, Inc.
February 13, 2017 Avidbank Provides Credit Facilities to Red Monkey Foods
Palo Alto, CA - Avidbank Specialty Finance, a Division of Avidbank that specializes in technology and asset-based lending, has provided financing to support the acquisition of Red Monkey Foods by private equity firm, San Francisco Equity Partners.
January 31, 2017 Avidbank Holdings, Inc. Announces Net Income of $7,263,000 for the Year Ended 2016
Palo Alto, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $7,263,000 for 2016 compared to $3,681,000 for 2015.
January 30, 2017 Avidbank Provides $14 Million Acquisition Term Loan to Auxilio
Palo Alto, CA - Avidbank Specialty Finance, a Division of Avidbank that specializes in technology and asset-based lending, has provided Auxilio with $14 million in acquisition financing and has renewed an existing line of credit.
January 23, 2017 Rob Scott joins Avidbank Holdings, Inc. Board of Directors
Palo Alto, CA - Avidbank Holdings, Inc., parent company of Avidbank, announced today that Rob Scott has joined the Board of Directors.
January 5, 2017 Avidbank Expands LightPath Technologies Credit Facilities With a $5 Million Acquisition Term Loan
Palo Alto, CA - Avidbank Specialty Finance, a Division of Avidbank that specializes in technology and asset-based lending, has provided LightPath Technologies with a new $5 million acquisition term loan in addition to renewing an existing line of credit.
  2016
December 15, 2016 Geoff Butner joins Avidbank as Senior Vice President & Deputy Chief Credit Officer
Palo Alto, CA - Avidbank Holdings, Inc., parent company of Avidbank, announced today that Geoff Butner has joined the Bank as Senior Vice President & Deputy Chief Credit Officer.
October 21, 2016 Avidbank Holdings, Inc. Announces Net Income of $1,635,000 for the Third Quarter of 2016
Palo Alto, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $1,635,000 for the third quarter of 2016 compared to $1,269,000 for the same period in 2015.
August 16, 2016 Darryl Karmen joins Avidbank as Senior Vice President & Regional Manager
Palo Alto, CA - Avidbank Holdings, Inc., parent company of Avidbank, announced today that Darryl Karmen has joined the Bank as Senior Vice President & Regional Manager, Corporate Finance Division.
July 27, 2016 Avidbank Holdings, Inc. Announces Net Income of $3,299,000 for the Second Quarter of 2016
Palo Alto, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $3,299,000 for the second quarter of 2016 compared to $394,000 for the same period in 2015.
April 26, 2016 Avidbank Holdings, Inc. Announces Net Income of $1,207,000 for the First Quarter of 2016
Palo Alto, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $1,207,000 for the first quarter of 2016 compared to $374,000 for the same period in 2015.
April 13, 2016 Joan Secoquian joins Avidbank as Senior Vice President, Relationship Manager, Corporate Banking
Palo Alto, CA - Avidbank Holdings, Inc., parent company of Avidbank, announced today that Joan Secoquian has joined the Bank as Senior Vice President, Relationship Manager in the Corporate Banking Division.
March 2, 2016 Bob Foley joins Avidbank as Senior Vice President & Northeast Regional Manager
Palo Alto, CA - Avidbank Holdings, Inc., parent company of Avidbank, announced today that Bob Foley has joined the Bank as Senior Vice President & Northeast Regional Manager.
February 10, 2016 Avidbank Holdings, Inc. Announces 34% Increase in Net Income to $3,681,000 in 2015
Palo Alto, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and consumers in Northern California, announced unaudited consolidated net income of $3,681,000 for 2015 compared to $2,744,000 in 2014.