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Stock impact report

Sam Bhaumik Joins Avidbank to Lead New Venture Lending Group

Avidbank Holdings (AVBH)  More Company Research Source: Business Wire
NASDAQ:AMEX Investor Relations: avidbank.com
PDF SAN JOSE, Calif.--(BUSINESS WIRE)-- Avidbank Holdings, Inc., (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, announced today that veteran finance executive Sam Bhaumik has joined the Bank as Executive Vice President, Venture Lending Group. “Part of our ultimate strategy for years has been venture and technology lending, but we needed to wait until we had the balance sheet, capital, infrastructure and governance before we could start the search for the right leader,” stated Mark D. Mordell, Chairman and CEO of Avidbank. “We are excited to have someone of Sam’s caliber and credibility, someone who shares our vision, to lead our newest division.” “I am very excited to be joining the innovative Avidbank team to lead and build the Venture Banking Division,” stated Mr. Bhaumik. “Avidbank has built a premier banking platform and has developed a strong reputation for providin [Read more]
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