News Archive

A history of success.
A history of success.

Avidbank Press Release Archives

The Private Bank of the Peninsula changed its name to Avidbank on April 1, 2011. Below are press releases dating back to the Bank’s inception in 2003. Visit our Latest News page for current news.

2019

December 23, 2019

Avidbank Holdings, Inc. Announces Completion of $22 Million Private Placement of Subordinated Notes PDF - opens in new window.

December 12, 2019

KBRA Assigns Ratings to Avidbank Holdings, Inc. PDF - opens in new window.

October 16, 2019

Avidbank Holdings, Inc. Announces Net Income of $3,452,000 for the Third Quarter of 2019 PDF - opens in new window.

September 3, 2019

Gina Thoma Peterson Joins Avidbank as Executive Vice President & Chief Operating Officer PDF - opens in new window.

July 23, 2019

Avidbank Holdings, Inc. Announces Net Income of $3,183,000 for the Second Quarter of 2019 PDF - opens in new window.

July 10, 2019

Avidbank Provides Envoy Group with $5.5 Million in Credit Facilities PDF - opens in new window.

July 9, 2019

Avidbank Taps Veteran Technology Banker Mark Cameron To Lead Its Structured Finance Division PDF - opens in new window.

April 23, 2019

Avidbank Holdings, Inc. Announces Net Income of $3,173,000 for the First Quarter of 2019 PDF - opens in new window.

April 11, 2019

Avidbank Expands Its Venture Lending Division PDF - opens in new window.

April 9, 2019

Avidbank Hires 30-year Banking Veteran Joe Wilson PDF - opens in new window.

January 24, 2019

Avidbank Holdings, Inc. Announces Net Income of $3,481,000 for the Fourth Quarter of 2018 PDF - opens in new window.

2018

December 19, 2018

Sam Bhaumik Joins Avidbank to Lead New Venture Lending Group PDF - opens in new window.

December 13, 2018

Avidbank Provides Calyx Capital Partners with Credit Facilities to Support Acquisition PDF - opens in new window.

December 3, 2018

Avidbank Promotes Geoff Butner to Executive Vice President and Chief Credit Officer PDF - opens in new window.

November 20, 2018

Avidbank Provides NTN Buzztime, Inc. with $4 Million Term Loan Refinance PDF - opens in new window.

October 19, 2018

Avidbank Holdings, Inc. Announces Net Income of $2,865,000 for the Third Quarter of 2018 PDF - opens in new window.

July 24, 2018

Avidbank Holdings, Inc. Announces Net Income of $2,666,000 for the Second Quarter of 2018 PDF - opens in new window.

April 25, 2018

Avidbank Holdings, Inc. Announces Net Income of $2,107,000 for the First Quarter of 2018 PDF - opens in new window.

April 5, 2018

Avidbank Provides 3Q Digital with $10 Million in Funding for Buyback and Growth PDF - opens in new window.

April 3, 2018

Avidbank Provides School of Rock, Inc. with Credit Facilities to Support U.S. and Global Growth PDF - opens in new window.

March 16, 2018

Avidbank Provides America's Thrift Stores Credit Facilities to Support Refinancing and Growth PDF - opens in new window.

March 8, 2018

Avidbank Provides $5 Million Credit Facilities To Art Brand Studios PDF - opens in new window.

February 16, 2018

Avidbank Provides Red Monkey Foods Expanded Credit Facilities to Support SF Salt Acquisition PDF - opens in new window.

February 13, 2018

Avidbank Provides $7.5 Million Credit Facilities to Zumasys, Inc. PDF - opens in new window.

February 1, 2018

Avidbank Provides $8.3 Million Credit Facilities to LightPath Technologies PDF - opens in new window.

January 25, 2018

Avidbank Holdings, Inc. Announces Net Income of $1,009,000 for the Fourth Quarter of 2017 and $5,654,000 for the Year Ended 2017 PDF - opens in new window.

2017

November 14, 2017

Avidbank Holdings, Inc. Announces the Opening of New San Jose Headquarters and Palo Alto Retail Branch PDF - opens in new window.

October 19, 2017

Avidbank Holdings, Inc. Announces Net Income of $1,660,000 for the Third Quarter of 2017 PDF - opens in new window.

July 21, 2017

Avidbank Holdings, Inc. Announces Net Income of $1,430,000 for the Second Quarter of 2017 PDF - opens in new window.

July 18, 2017

Marc Verissimo Joins Avidbank Holdings, Inc. Board of Directors PDF - opens in new window.

July 13, 2017

Avidbank Holdings, Inc. Announces Successful Completion of $20 Million Private Offering PDF - opens in new window.

July 11, 2017

Avidbank Announces An Na Tran Joins the Bank as Senior Vice President, Private Banking PDF - opens in new window.

April 24, 2017

Avidbank Holdings, Inc. Announces Net Income of $1,554,000 for the First Quarter of 2017 PDF - opens in new window.

March 16, 2017

Avidbank Announces Fergal O'Boyle Promoted to Executive Vice President, Construction Lending PDF - opens in new window.

February 15, 2017

Avidbank Provides $8 Million Line of Credit to Yes To, Inc. PDF - opens in new window.

February 13, 2017

Avidbank Provides Credit Facilities to Red Monkey Foods PDF - opens in new window.

January 31, 2017

Avidbank Holdings, Inc. Announces Net Income of $7,263,000 for the Year Ended 2016 PDF - opens in new window.

January 30, 2017

Avidbank Provides $14 Million Acquisition Term Loan to Auxilio PDF - opens in new window.

January 23, 2017

Rob Scott joins Avidbank Holdings, Inc. Board of Directors PDF - opens in new window.

January 5, 2017

Avidbank Expands LightPath Technologies Credit Facilities With a $5 Million Acquisition Term Loan PDF - opens in new window.

2016

December 15, 2016

Geoff Butner joins Avidbank as Senior Vice President & Deputy Chief Credit Officer PDF - opens in new window.

October 21, 2016

Avidbank Holdings, Inc. Announces Net Income of $1,635,000 for the Third Quarter of 2016 PDF - opens in new window.

August 16, 2016

Darryl Karmen joins Avidbank as Senior Vice President & Regional Manager PDF - opens in new window.

July 27, 2016

Avidbank Holdings, Inc. Announces Net Income of $3,299,000 for the Second Quarter of 2016 PDF - opens in new window.

April 26, 2016

Avidbank Holdings, Inc. Announces Net Income of $1,207,000 for the First Quarter of 2016 PDF - opens in new window.

April 13, 2016

Joan Secoquian joins Avidbank as Senior Vice President, Relationship Manager, Corporate Banking PDF - opens in new window.

March 2, 2016

Bob Foley joins Avidbank as Senior Vice President & Northeast Regional Manager PDF - opens in new window.

February 10, 2016

Avidbank Holdings, Inc. Announces 34% Increase in Net Income to $3,681,000 in 2015 PDF - opens in new window.

2015

November 18, 2015

Avidbank Holdings, Inc. Announces Completion of $12 Million Private Placement of Subordinated Notes. PDF - opens in new window.

October 15, 2015

Avidbank Holdings, Inc. Announces Net Income of $1,269,000 for the Third Quarter or 2015. PDF - opens in new window.

July 31, 2015

Avidbank Holdings, Inc. Announces Operating Results for the Second Quarter of 2015. PDF - opens in new window.

July 1, 2015

Avidbank Announces Fergal O'Boyle to Lead Construction Lending. PDF - opens in new window.

May 5, 2015

Avidbank Holdings, Inc. Announces Unaudited Net Income of $374,000 for the First Quarter of 2015. PDF - opens in new window.

April 14, 2015

Avidbank Corporate Finance Provides Credit Facilities to Japonesque LLC PDF - opens in new window.

February 26, 2015

Avidbank Holdings, Inc. Announces Unaudited Net Income of $996,000 for the Fourth Quarter of 2014. PDF - opens in new window.

2014

October 30, 2014
Avidbank Holdings, Inc. Announces Net Income of $646,000 for the Third Quarter of 2014.
September 16, 2014
Michael F. Rosinus Joins Avidbank Holdings, Inc. Board of Directors.
August 5, 2014
Avidbank Provides New Growth Capital to 4INFO, Expanding its Credit Facilities to $6,500,000.
July 29, 2014
Avidbank Holdings, Inc. Announces Net Income of $696,000 for Second Quarter of 2014.
July 17, 2014
Avidbank Corporate Finance Provides $10 Million Line of Credit to Panasas, Inc.
May 6, 2014
Avidbank Holdings, Inc. Announces Unaudited Net Income of $408,000 for the First Quarter of 2014.
April 2, 2014
Avidbank Holdings, Inc. Announces Record Levels of Loans, Deposits and Total Assets for the Year Ended December 31, 2013.
March 25, 2014
Chris Greene Joins Avidbank as Senior Vice President.
February 27, 2014
Avidbank Corporate Finance Provides $1.5 Million in Senior Debt Facilities to November Research Group.
January 30, 2014
Avidbank Expands San Jose Loan Production Office.

2013

December 10, 2013
Avidbank Corporate Finance Provides a $2 Million Term Loan to True Drinks, Inc.
November 1, 2013
Avidbank Holdings, Inc. Announces Record Total Assets for the Third Quarter of 2013.
October 16, 2013
Avidbank Corporate Finance Provides $5 Million in Credit Facilities to ICU Eyewear, Inc.
October 8, 2013
Avidbank Corporate Finance Provides $2 Million in Credit Facilities to LightPath Technologies, Inc.
September 5, 2013
Avidbank Announces Strategic Management Changes.
August 6, 2013
Avidbank Corporate Finance Provides $1,750,000 Working Capital Line of Credit to Akademos.
August 1, 2013
Avidbank Holdings, Inc. Completes Redemption of $6 Million in Preferred Stock Issued Under TARP CPP Program.
July 24, 2013
Avidbank Holdings, Inc. Announces Net Income of $923,000 for the Second Quarter of 2013.
July 10, 2013
Avidbank Corporate Finance Provides Financing Facility to Passkey International, Inc.
June 26, 2013
Avidbank Holdings, Inc. Announces Successful Completion of $16.0 Million Private Offering.
June 10, 2013
Larry LaCroix Joins Avidbank as Executive Vice President, Corporate Finance.
April 25, 2013
Avidbank Holdings, Inc. Announces Net Income of $514,000 for First Quarter of 2013.
April 12, 2013
Letter to Shareholders and Clients.
March 12, 2013
Avidbank Holdings, Inc. Announces Pre-Tax Income of $4.8 Million for 2012, an Increase of 47% over 2011.
January 9, 2013
Joe Maleti Joins Avidbank as Senior Vice President.

2012

November 15, 2012
Avidbank Introduces Mobile Apps.
October 25, 2012
Avidbank Names Ronald E. Oliveira Executive Vice President & Chief Credit Officer.
October 23, 2012
Avidbank Holdings, Inc. Releases Third Quarter Results.
October 16, 2012
Avidbank Corporate Finance Provides $5 Million Line of Credit to 4INFO.
October 2, 2012
Avidbank Opens Redwood City Loan Production Office.
September 21, 2012
Sarah Wesner Joins Avidbank as Vice President, Corporate Banking Division.
September 18, 2012
Avidbank Corporate Finance Provides $3.5 Million Term Loan to Horosope.com Inc.
August 14, 2012
Avidbank Corporate Finance Provides $1.5 Million Term Loan to YogaWorks.
July 24, 2012
Avidbank Holdings, Inc. Releases Second Quarter Results.
July 12, 2012
Avidbank Corporate Finance Provides $3 Million Asset-Based Line of Credit to USA Technologies.
June 15, 2012
Avidbank's San Jose Loan Production Office Opens June 18, 2012.
May 15, 2012
Avidbank Corporate Finance Provides $2 Million Line of Credit to AUXILIO, Inc.
April 26, 2012
Dori Hamilton Joins Avidbank as Executive Vice President.
April 25, 2012
Avidbank Holdings, Inc. Releases First Quarter Results.
April 23, 2012
Daniel P. Vetras Joins Avidbank Holdings, Inc. Board of Directors.
March 1, 2012
Mark D. Mordell Named Avidbank CEO.
February 28, 2012
Avidbank Holdings, Inc. Releases Fourth Quarter and Annual Results.

2011

October 20, 2011
Avidbank Holdings, Inc. Releases Third Quarter Results.
August 1, 2011
Avidbank Holdings, Inc. Changes its Stock Symbol.
July 26, 2011
Avidbank Holdings, Inc. Releases Second Quarter Results.
July 22, 2011
Peninsula Bank Holding Co. Changes its Name to Avidbank Holdings, Inc.
June 9, 2011
Scott J. Chamberlin Joins Avidbank as Executive Vice President.
April 26, 2011
Peninsula Bank Holding Co. Releases First Quarter Results.
April 14, 2011
David V. Campbell Joins Avidbank Board of Directors.
April 6, 2011
Bob D’Acquisto Joins Avidbank as Corporate Finance Senior Vice President.
March 25, 2011
The Private Bank of the Peninsula Introduces New Name - Avidbank.
March 1, 2011
Peninsula Bank Business Funding Closes a $4.0 million Working Capital Facility for Network FOB, Inc.
February 8, 2011
Peninsula Bank Holding Co. Releases Fourth Quarter Results.

2010

November 22, 2010
Peninsula Bank Business Funding Closes a $2.5 million Working Capital Facility with StemCyte, Inc.
October 21, 2010
Peninsula Bank Holding Co. Releases Third Quarter Results.
July 22, 2010
Peninsula Bank Holding Co. Releases Second Quarter Results.
May 4, 2010
Jon Krogstad Joins The Private Bank of the Peninsula as Senior Vice President and Relationship Manager.
April 23, 2010
Peninsula Bank Holding Co. Releases First Quarter Results.
March 25, 2010
Peninsula Bank Business Funding Closes a $2 million Working Capital Facility with Optex Systems Holdings, Inc.
February 23, 2010
The Private Bank of the Peninsula Releases Fourth Quarter Results.
January 12, 2010
The Private Bank of the Peninsula Goes Green.

2009

October 22, 2009
The Private Bank of the Peninsula Releases Third Quarter Results.
July 30, 2009
The Private Bank of the Peninsula Releases Second Quarter Results.
April 27, 2009
The Private Bank of the Peninsula Releases First Quarter Results.
February 26, 2009
The Private Bank of the Peninsula Releases Fourth Quarter Results.
February 12, 2009
Kristofer W. Biorn Appointed to The Private Bank of the Peninsula’s Board.
February 2, 2009
The Private Bank of the Peninsula Announces Participation in U.S. Treasury Capital Purchase Program.

2008

October 23, 2008
The Private Bank of the Peninsula Releases Third Quarter Results.
July 30, 2008
The Private Bank of the Peninsula Promotes Steven Leen to Executive Vice President.
July 23, 2008
Michael S. Barton Joins The Private Bank of the Peninsula as Executive Vice President and Chief Lending Officer.
July 18, 2008
The Private Bank of the Peninsula and the Peninsula Bank Holding Co. Raise Capital, Write Off Loan and Increase Reserves.
July 15, 2008
Fergal O’Boyle Joins The Private Bank as Senior Vice President, Construction Lending.
July 9, 2008
Peninsula Bank Holding Co., Parent Company of The Private Bank, Announces New Trading Symbol.
July 1, 2008
Peninsula Bank Holding Co., Parent Company of The Private Bank, Announces its Secondary Offering Over-subscribed.
May 29, 2008
Margaret Rotzin Joins The Private Bank as Senior Vice President, Business Development Relationship Manager.
May 20, 2008
The Private Bank Adds Two New Senior Vice Presidents.
May 12, 2008
Mark Schoenstein Joins The Private Bank as Senior Vice President, Manager - Construction Lending.
April 22, 2008
The Private Bank Reports 6th Consecutive Quarter of Profitability.
February 22, 2008
2007 Results Show Record Net Income for The Private Bank.
January 3, 2008
Bryan Polster Appointed to The Private Bank’s Board of Directors.

2007

October 17, 2007
The Private Bank Reports Robust Financial Growth in Third Quarter 2007.
September 18, 2007
Mike Hansen to Lead New Asset Based Lending Group at The Private Bank.
August 23, 2007
Ken Brenner Named CEO at The Private Bank of the Peninsula.
July 18, 2007
The Private Bank Reports Continued Significant Financial Growth.
April 18, 2007
The Private Bank Reports Significant Financial Growth in First Quarter.
February 5, 2007
Mark Mordell Appointed as Chairman of the Board.
January 22, 2007
Fourth Quarter 2006 Results Show Significant Growth.
January 17, 2007
Roxy Rapp Joins The Private Bank Board of Directors.

2006

December 4, 2006
Georgie Gleim Appointed to The Private Bank’s Board of Directors.
October 4, 2006
Ken Brenner Joins The Private Bank of the Peninsula as Executive Vice President.
August 15, 2006
Rob Holden, President and Director of The Private Bank of the Peninsula, Takes the Helm.
July 20, 2006
James C. Wall, CEO of The Private Bank of the Peninsula, Announces His Retirement.
May 24, 2006
The Private Bank of the Peninsula Hires Steve Leen as CFO.
February 26, 2006
The Private Bank of the Peninsula Reports Financial Results for Three and Twelve Months Ending December 31, 2005.
January 10, 2006
The Private Bank of the Peninsula Adds Two Local Directors. Lisa B. Hendrickson and Mark D. Mordell Join Board.

2005

October 20, 2005
The Private Bank of the Peninsula Reports Financial Results for Nine Months Ending September 30, 2005.
July 20, 2005
The Private Bank of the Peninsula Reports Financial Results for Six Months Ending June 30, 2005.
April 20, 2005
The Private Bank of the Peninsula Reports Financial Results for Three Months Ending March 31, 2005.
March 7, 2005
The Private Bank of the Peninsula Hires CFO and New Business Development Officer.
January 26, 2005
The Private Bank of the Peninsula Reports Financial Results for Three and Twelve Months Ending December 31, 2004.
January 3, 2005
The Private Bank of the Peninsula Names Curtis A. Burr to the Board of Directors.

2004

October 29, 2004
The Private Bank of the Peninsula Reports Financial Results for the Three and Nine Months Ending September 30, 2004.
July 26, 2004
The Private Bank of the Peninsula Reports Results for Three and Six Months Ending June 30, 2004.
May 18, 2004
The Private Bank of the Peninsula Announces Stock Split.
February 20, 2004
The Private Bank of the Peninsula Names Tracy G. Herrick Chief Economist.
February 10, 2004
The Private Bank of the Peninsula Reports Financial Results For Initial Quarter.

2003

October 13, 2003
The Private Bank of the Peninsula Announces Opening.
September 15, 2003
The Private Bank of the Peninsula (In Organization) Raises Over $18 million.
June 27, 2003
The Private Bank of the Peninsula Announces Capital Campaign.