Company Description

We are Avidbank Holdings, a bank holding company based in San Jose, California that operates through our wholly owned subsidiary, Avidbank, a California state-chartered bank. Founded in 2003, we are a full-service commercial bank dedicated to providing innovative banking solutions to a diverse client base, including small-to-medium sized businesses, technology companies, and individuals through robust portfolios of lending products, deposit services, and digital banking capabilities. We provide competitive deposit products and treasury management solutions with a high-touch, relationship-driven approach, guided by our commitment to being Responsive, Collaborative & Accountable—principles we embody in every client interaction. Our experienced management team focuses on loan growth while maintaining excellent credit quality, core deposit expansion, noninterest income growth and improving operational efficiency. We focus on corporate banking, commercial real estate, and real estate construction lending in the Bay Area (which we define as the counties of Alameda, Contra Costa, Marin, Monterey, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Solano, and Sonoma), while also maintaining a growing national presence in Venture Lending and Specialty Finance. --- Avidbank Holdings is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. Avidbank Holdings was incorporated under the laws of the State of California in 2007 for the principal purpose of engaging in activities permitted for a bank holding company. As a bank holding company, Avidbank Holdings is authorized to engage in the activities permitted under the Bank Holding Company Act of 1956, as amended, and the regulations thereunder. Avidbank Holdings owns 100% of the issued and outstanding common shares of the Bank. Our deposit accounts are insured to the maximum extent permitted by applicable law. As a bank holding company, we are subject to the supervision of the Board of Governors of the Federal Reserve System (the “Federal Reserve” or “FRB”). We are required to file with the FRB reports and other information regarding our business operations and the business operations of our subsidiaries. As a state-chartered commercial bank, the Bank is subject to primary supervision, periodic examination and regulation by the California Department of Financial Protection and Innovation (the “DFPI”) and by the Federal Deposit Insurance Corporation (the “FDIC”), as its primary federal bank regulator. History and Mission The Bank was organized in April 2003 under the name “The Private Bank of the Peninsula” by a group of long-time, Palo Alto-based entrepreneurs deeply invested in the community who envisioned a private business bank that would provide the kind of exceptional banking services they desired themselves. With the approval of the DFPI and the FDIC, the Bank commenced business on October 1, 2003. In 2007, we reorganized into a bank holding company structure, whereby the Bank became a subsidiary of Peninsula Bank Holding Co. As our business model and vision expanded, we recognized that our original name did not reflect the Bank’s broader aspirations to offer a diverse range of products and services to a wide array of individuals and businesses. Accordingly, The Private Bank of the Peninsula changed its name to Avidbank on April 1, 2011, and Peninsula Bank Holding Co. formally changed its name to Avidbank Holdings, Inc. on August 1, 2011. We moved our headquarters to San Jose in 2017 to improve our ability to attract and retain Bank employees. --- The Bank’s overall goal and mission is to continue to scale our Corporate Banking, Venture Lending, and Specialty Finance banking divisions, maintain measured growth in our Commercial Real Estate and Construction divisions, be opportunistic in hiring quality personnel, capitalize on market disruption throughout our operating markets, maintain a culture of elevated credit quality, and manage our balance sheet to maximize profitability without taking undue risk. We aim to consistently deliver value which exceeds our clients’ expectations. --- Our principal executive office is located at 1732 North First Street, 6th Floor, San Jose, California 95112 and our telephone number is (408) 200-7390. We maintain a website at www.avidbank.com.