Press Release

Jeff Griffor Joins Avidbank as Senior Vice President to Expand Northeast Presence

Company Release - 1/13/2020 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 it is further expanding its reach in the Northeast, adding Jeff Griffor to its powerhouse Venture Lending team.

Mr. Griffor joined the Bank as Senior Vice President, Venture Lending and will be based in Boston. He comes to Avidbank with nearly 30 years of experience in diverse roles within commercial finance in the U.S. and Canada, most recently as Managing Director at Hercules Capital where his focus was driving growth in the Technology and Sustainability markets. Prior to Hercules Capital he was Senior Vice President and Managing Director in Square1 Bank'sEast Coast banking group. Mr. Griffor also continues his near twenty-year connection with Lighthouse Capital Partners portfolio clients who focus on technology and life sciences.

“We are very excited to have Jeff join the Avidbank Venture Lending team and expand our presence in the Northeast,” stated Sam Bhaumik, Executive Vice President, Venture Lending. “Jeff’s vast experience and credibility in the venture banking space will allow us to further enhance our commitment to providing creative banking and debt solutions to early- and mid-stage technology companies nationwide.”

“I am very excited to be joining the Avidbank team as they continue to build upon early momentum in the venture banking and lending arena in providing a comprehensive and alternative solution to high growth, entrepreneurial companies,” said Mr. Griffor. “Working with entrepreneurs and providing custom, tailor-made capital solutions and banking services at the very earliest stages of their evolution is an area I’m passionate about, and I look forward to doing so here in New England and the Northeast as Avidbank continues to build out its presence here.”

Mr. Griffor holds a Bachelor of Business Administration with an emphasis on Finance and Economics from Ohio University and earned his Master of Business Administration degree from Loyola University, Quinlan School of Business.

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, venture lending, structured finance, 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

Source: Avidbank Holdings, Inc.