Larry LaCroix Joins Avidbank as Executive Vice President, Corporate Finance

  Larry LaCroix Joins Avidbank as Executive Vice President, Corporate Finance

Business Wire

PALO ALTO, Calif. -- June 10, 2013

Avidbank Holdings, Inc. (OTCBB: AVBH), parent company of Avidbank, today
announced that Larry LaCroix has joined the Bank as Executive Vice President,
Corporate Finance.

Mr. LaCroix brings to Avidbank nearly 30 years of experience in progressive
management and lending skills. His career spans senior and executive
management at startups, consultancies, and banks, including 19 years at
SunTrust Bank with his most recent position being Senior Vice President, Group
Manager of Bridge Bank’s Capital Finance Division.

“I am pleased that Larry will be part of our senior management team. His
experience and leadership qualities will enhance the great infrastructure and
personnel already in place in our Corporate Finance Division,” stated Mark D.
Mordell, Chairman and Chief Executive Officer. “We are committed to the Asset
Based and Technology Lending sectors, and Larry’s expertise and portfolio
management capabilities will help to accelerate our presence and growth in the
market.”

“I am delighted to join the Avidbank team and look forward to building upon
the existing core strengths inherent within the Bank,” said Mr. LaCroix. “I
welcome the opportunity to do my part in taking the Corporate Finance group to
the next level by broadening and expanding our visibility in the Asset Based
and Technology lending markets we serve.”

About Avidbank

Avidbank Holdings, Inc., headquartered in Palo Alto, California offers
innovative financial solutions and services. We specialize in the following
markets: commercial & industrial, corporate finance, asset-based lending, real
estate construction and commercial real estate lending, and real estate bridge
financing. Avidbank advances the success of our clients by providing them with
financial opportunities and serving them as we wish to be served – with mutual
effort, ingenuity and trust – creating long-term banking relationships.

Contact:

Avidbank Holdings, Inc.
Steve Leen, 650-843-2204
Chief Financial Officer
www.avidbank.com
 
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