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Avidbank Holdings, Inc. Changes Its Stock Symbol

August 1, 2011

PALO ALTO, Calif.--(BUSINESS WIRE)-- Avidbank Holdings, Inc., parent company of Avidbank, today announced its stock symbol will change form “PBKH” to “AVBH” on August 2, 2011. The change in stock symbol reflects the recent name change for the holding company. Avidbank Holdings, Inc. is traded on the OTC Bulletin Board.

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.

Source: Avidbank Holdings, Inc.

Contact:

Avidbank Holdings, Inc.

Steve Leen, 650-843-2204

Chief Financial Officer

www.avidbank.com

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