Press Release

Avidbank Promotes Geoff Butner to Executive Vice President and Chief Credit Officer

Company Release - 12/3/2018 6:00 AM ET

SAN JOSE, Calif.--(BUSINESS WIRE)-- Avidbank Holdings, Inc., (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, announced today that Geoff Butner has been promoted to Executive Vice President and Chief Credit Officer. Mr. Butner replaces Ron Oliveira, who is pursuing other opportunities outside the Bank. Mr. Butner joined the Bank in 2016 as Senior Vice President and Deputy Chief Credit Officer.

“Over the past two years, we have seen the benefit from Geoff’s depth of knowledge, communication and leadership capabilities, and I am confident he can assist the team in taking us to the next level,” stated Mark D. Mordell, Chairman and CEO of Avidbank.

“I have enjoyed my first two years here at Avidbank, and I look forward to help further expand and enhance the organization,” stated Mr. Butner. “I’m excited to work with such a strong group of individuals who share a deep commitment to support and serve our clients.”

Mr. Butner has 30 years of experience in the banking and financial services industry, most recently eight years at Square 1 Bank as a Risk Manager and five years at Silicon Valley Bank as a Senior Credit Officer. Prior to that, Mr. Butner was the Chief Operating Officer of a venture-backed technology startup called eFinance where he led the engineering, product development, customer service, and sales efforts.

Mr. Butner holds a B.A. in Business Economics from the University of California at Santa Barbara.

About Avidbank

Avidbank Holdings, Inc. (OTC Pink: AVBH), headquartered in San Jose, California, offers innovative financial solutions and services. We specialize in commercial & industrial lending, technology and asset-based lending, sponsor finance, real estate construction and commercial real estate lending. Avidbank provides a different approach to banking. We do what we say.

Steve Leen, Chief Financial Officer
(408) 831-5653
www.avidbank.com

Source: Avidbank Holdings, Inc.