Company Profile
- 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,…