Press Release|Financial Institutions
KBRA Publishes Surveillance Report for Avidbank Holdings, Inc.
20 May 2024 | New York
On May 3, 2024, KBRA affirmed the senior unsecured debt rating of BBB-, the subordinated debt rating of BB+, and the short-term debt rating of K3 for San Jose, California-based Avidbank Holdings, Inc. (OTCPK: AVBH) ("Avid" or "the company"). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB, the subordinated debt rating of BBB-, and the short-term deposit and debt ratings of K3 for Avidbank ("the bank"), the main subsidiary. The Outlook of all long-term ratings is Stable.
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