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Avidbank Press Releases

Below you will find the latest in Avidbank news. Visit our News Archive for additional press releases dating back to the Bank’s initial capital campaign.

2023

January 30, 2023

Avidbank Holdings, Inc. Announces Net Income of $8.4 Million for the Fourth Quarter of 2022

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH) announced income for the fourth quarter of 2022 of $8.4 million, or $1.13 per diluted share, compared to $7.0 million, or $0.95 per diluted share, for the third quarter of 2022 and $2.5 million, or $0.42 per diluted share, for the fourth quarter of 2021. PDF - opens in new window.

2022

October 19, 2022

Avidbank Holdings, Inc. Announces Net Income for the Third Quarter of 2022

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH) announced income for the third quarter of 2022 of $7.0 million, or $0.95 per diluted share, compared to $5.2 million, or $0.76 per diluted share, for the second quarter of 2022 and $3.6 million, or $0.59 per diluted share, for the third quarter of 2021. PDF - opens in new window.

August 25, 2022

Henchy R. Enden Joins Avidbank Holdings, Inc. Board of DIrectors

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH), a banking holding company and the parent company of Avidbank, is pleased to announce that Henchy Rachel Enden has joined the Board of Directors. PDF - opens in new window.

July 20, 2022

Avidbank Holdings, Inc. Annouces Net Income for the Second Quarter of 2022

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH) announced income for the second quarter of 2022 of $5.2 million, or $0.76 per diluted share, compared to $3.6 million, or $0.60 per diluted share, for the second quarter of 2021 and $4.3 million, or $0.71 per diluted share, for the first quarter of 2022. PDF - opens in new window.

May 11, 2022

Avidbank Holdings, Inc. Announces Successful Completion of $28.6 Million Private Offering

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH), the parent company of Avidbank, today reported the successful completion of a $28.6 million private offering of common shares at a purchase price of $22.50 per share. PDF - opens in new window.

April 20, 2022

Avidbank Holdings, Inc. Announces Net Income for the First Quarter of 2022

SAN JOSE, CA - (Accesswire) - 4/20/22 - Avidbank Holdings, Inc. (OTC Pink: AVBH) announced income for the first quarter of 2022 of $4.3 million, or $0.71 per diluted share, compared to $2.5 million, or $0.42 per diluted share, for the first and fourth quarters of 2021. PDF - opens in new window.

March 4, 2022

Patrick Oakes Joins Avidbank as Chief Financial Officer

San Jose, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, announced today the appointment of Patrick Oakes as Executive Vice President and Chief Financial Officer of the Bank and the Holding Company. PDF - opens in new window.

January 31, 2022

Avidbank Holdings, Inc. Announces Net Income of $12.3 Million for the Year Ended December 31, 2021

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $12.3 million for the year ended December 31, 2021 compared to $9.6 million, or a 28% increase for the year ended December 31, 2020. PDF - opens in new window.

2021

October 18, 2021

Avidbank Holdings, Inc. Announces Net Income of $3.6 Million for the Third Quarter of 2021

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $3.6 million for the third quarter of 2021 compared to $2.4 million for the same period in 2020. PDF - opens in new window.

July 22, 2021

Avidbank Holdings, Inc. Announces Net Income of $3.6 Million for the Second Quarter of 2021

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $3.6 million for the second quarter of 2021 compared to $2.1 million for the same period in 2020. PDF - opens in new window.

April 29, 2021

Avidbank Holdings, Inc. Announces Net Income of $2,507,000 for the First Quarter of 2021

SAN JOSE, CA - Avidbank Holdings, Inc. (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $2,507,000 for the first quarter of 2021 compared to $2,435,000 for the same period in 2020. PDF - opens in new window.

February 1, 2021

Avidbank Holdings, Inc. Announces Net Income of $2,764,000 for the Fourth Quarter of 2020

SAN JOSE, CA – Avidbank Holdings, Inc. (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $2,764,000 for the fourth quarter of 2020 compared to $3,049,000 for the same period in 2019. PDF - opens in new window.

2020

November 25, 2020

Avidbank Holdings, Inc. Announces Stock Repurchase Program

SAN JOSE, CA – Avidbank Holdings, Inc. (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced today that its Board of Directors has authorized a stock repurchase program that enables the Company to repurchase up to five percent (5%) or 307,780 shares of its outstanding common stock. PDF - opens in new window.

October 26, 2020

Avidbank Holdings, Inc. Announces Net Income of $2,359,000 for the Third Quarter of 2020

San Jose, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $2,359,000 for the third quarter of 2020 compared to $3,452,000 for the same period in 2019. PDF - opens in new window.

July 23, 2020

Avidbank Holdings, Inc. Announces Net Income of $2,070,000 for the Second Quarter of 2020

San Jose, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $2,070,000 for the second quarter of 2020 compared to $3,183,000 for the same period in 2019. PDF - opens in new window.

April 27, 2020

Avidbank Holdings, Inc. Announces Net Income of $2,435,000 for the First Quarter of 2020

San Jose, CA – Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $2,435,000 for the first quarter of 2020 compared to $3,173,000 for the same period in 2019. PDF - opens in new window.

April 14, 2020

Diane Flynn Joins Avidbank Holdings, Inc. Board of Directors

San Jose, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, announced today that Diane Flynn has joined the Board of Directors. PDF - opens in new window.

March 3, 2020

Avidbank Provides Falcon Critical Care Transport with $9 Million in Credit Facilities

San Jose, CA - Avidbank Specialty Finance, a Division of Avidbank that specializes in technology, sponsor finance and asset-based lending, has provided Falcon Critical Care Transport with combined credit facilities of $9 million. PDF - opens in new window.

February 26, 2020

Avidbank Adds Strength to its Specialty Finance Division

San Jose, CA - Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, announced today that two accomplished lending professionals have joined the Bank. PDF - opens in new window.

January 27, 2020

Avidbank Holdings, Inc. Announces Net Income of $3,049,000 for the Fourth Quarter of 2019

San Jose, CA - Avidbank Holdings, Inc., a bank holding company and parent company of Avidbank, an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $3,049,000 for the fourth quarter of 2019 compared to $3,481,000 for the same period in 2018. PDF - opens in new window.

January 13, 2020

Jeff Griffor Joins Avidbank as Senior Vice President to Expand Northeast Presence

San Jose, CA - Avidbank Holdings, Inc., a bank holding company and parent company of Avidbank, announced today that it is further expanding its reach in the Northeast, adding Jeff Griffor to its powerhouse Venture Lending team. PDF - opens in new window.