PALO ALTO, Calif.--(BUSINESS WIRE)--
Avidbank Holdings, Inc., parent company of Avidbank, announced today
that Marc Verissimo has joined the Board of Directors. Mr. Verissimo
brings with him almost 40 years of banking experience, primarily with
emerging growth companies within the private equity sector.
After stints with Bank of America, First Interstate Bank, and Comerica
Bank, Mr. Verissimo joined Silicon Valley Bank in 1993. Over the next 24
years he served on the executive committee and worked in multiple roles
including Head of California Banking, Chief Strategy Officer, Chief Risk
Officer, and twice held the office as interim Chief Financial Officer.
In these positions, he led the California banking team that comprised
two thirds of the bank's revenues, oversaw the bank's international
expansion into the United Kingdom, China, Israel and India, oversaw IT,
HR, Legal, Operations, Finance, Audit, BSA/AML at various times, and
finally led credit, enterprise Risk Management, cyber security,
compliance, credit review, and regulatory relations among other
responsibilities.
Mr. Verissimo has an undergrad degree from UC Davis and an MBA from
Harvard Business School. He currently serves on the Board of Directors
at Lighter Capital, a fintech company revolutionizing the business of
startup financing. He also serves as advisor for debt funds and startups.
“We will benefit greatly from Marc’s vast banking experience. He brings
a wealth of knowledge to our Board, specifically in overall risk
management and in the emerging growth sector,” stated Mark D. Mordell,
Chairman and CEO of Avidbank. “Marc’s experience will help facilitate
our overall continued growth and be very accretive to board governance.”
“I am enthusiastic about joining the Avidbank board,” stated Marc. “The
management, employees, and board have built a great foundation for
delivering outstanding service, counsel and solutions to the business
community. I look forward to adding my experience to their effort.”
About Avidbank
Avidbank Holdings, Inc. (OTC Pink: AVBH), headquartered in Palo Alto,
California, offers innovative financial solutions and services. We
specialize in commercial & industrial lending, technology and
asset-based lending, specialty finance, real estate construction and
commercial real estate lending. Avidbank provides a different approach
to banking. We do what we say.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170718005296/en/
Avidbank Holdings, Inc.
Steve Leen, 650-843-2204
Chief
Financial Officer
www.avidbank.com
Source: Avidbank Holdings, Inc.