Avidbank Holdings, Inc. (OTCPK: AVBH) (“the company”) is a $2.3 billion holding company based in San Jose, CA. Avidbank (“the bank”) is commercially oriented with a growing national geographical network of commercial lending officials and teams to complement its San Francisco Bay Area loan and deposit operations.
The bank operates one deposit taking office. Deposits are gathered on a relationship basis primarily from its commercial loan, venture capital, and other business-related customers, in addition to MMDA and time deposits.
The loan portfolio is 44% C&I, 22% NOO CRE, 12% C&D, and 12% multifamily. Key components of the loan portfolio consist of Bay Area business banking, CRE, and C&D lending, in addition to the national early-stage VC and growing specialty finance lending businesses. Specialty finance focuses on ABL, AR, and M&A sponsor finance.
The company’s strategy centers on diversifying the deposit funding base,…
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