Avidbank Expands San Jose Loan Production Office

  Avidbank Expands San Jose Loan Production Office

Business Wire

PALO ALTO, Calif. -- January 30, 2014

Avidbank announced that it has recently expanded its San Jose loan production
office in San Jose. Avidbank first opened the San Jose office in April of 2012
to accommodate its growing Corporate Banking division. The Bank’s new office
includes both the Corporate Banking and Corporate Finance Divisions as well as
certain operational functions. The office remains at the same 50 W. San
Fernando Street location, but is now in a much larger space – suite #850.

“We are pleased with the traction we have obtained in this market and are
committed to expanding our presence in the South Bay. We are moving a
significant number of employees from our Palo Alto and Redwood City offices to
San Jose. This move accommodates our current staffing needs and allows room
for future growth,” stated Mark D. Mordell, Chairman and CEO of Avidbank. “We
have enjoyed our downtown San Jose location and look forward to increasing our
presence in the valley as we grow our Bank and strengthen our brand.”

About Avidbank

Our goal at Avidbank is to advance our clients’ success by offering innovative
financial solutions and service. Our experienced people provide a unique and
individualized banking experience based on mutual effort, ingenuity and trust,
creating long-term banking relationships. Avidbank specializes in the
following markets: commercial and industrial, corporate finance, technology
and asset-based lending, real estate construction, commercial real estate
lending and real estate bridge financing.

Contact:

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