Founded in 2003, Avidbank Holdings, Inc. (OTCPK: AVBH) (“Avid” or “the company”) is a $2.3 billion bank holding company headquartered in San Jose, California.
Commercially focused, the lead subsidiary bank, Avidbank (“the bank”), operates six separate business lines. Real estate lending (CRE and C&D) includes a wholly in-market focus and comprises 41% and 15% of the bank’s loan book, respectively. Supplementing in-market real estate lending is a sizable traditionally focused SME lending business.
The bank also operates several location agnostic businesses that cater to growth companies including its specialty finance business (primarily asset based lending and sponsor finance) and venture banking division.
Largely benefitted from the wealth creation in the San Jose, MSA, the company exhibited tremendous growth since 2014. The company’s growth strategy has largely been organic.
Key Credit Considerations
The ratings are…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.