SAN JOSE, Calif.--(BUSINESS WIRE)--
Avidbank Holdings, Inc., (OTC Pink: AVBH), a bank holding company and
the parent company of Avidbank, announced today that veteran finance
executive Sam Bhaumik has joined the Bank as Executive Vice President,
Venture Lending Group.
“Part of our ultimate strategy for years has been venture and technology
lending, but we needed to wait until we had the balance sheet, capital,
infrastructure and governance before we could start the search for the
right leader,” stated Mark D. Mordell, Chairman and CEO of Avidbank. “We
are excited to have someone of Sam’s caliber and credibility, someone
who shares our vision, to lead our newest division.”
“I am very excited to be joining the innovative Avidbank team to lead
and build the Venture Banking Division,” stated Mr. Bhaumik. “Avidbank
has built a premier banking platform and has developed a strong
reputation for providing a high level of client service and customized
debt solutions. These core strengths, along with the vast venture
banking experience among the senior leaders of Avidbank, will allow us
to become a premier provider of banking and lending solutions for early-
to mid-stage technology companies and their entrepreneurs nationwide.”
Mr. Bhaumik has more than 25 years of investment and debt financing
experience, most recently at Square 1 Bank as Executive Vice President
and Silicon Valley Group Head. Prior to Square 1, Mr. Bhaumik was Senior
Managing Director and Technology Group Head for Hercules Technology
Growth Capital. He also acted as Vice President for NYSE, and held
Senior Vice President roles at Comerica Bank and Imperial Bank. Mr.
Bhaumik began his career at Silicon Valley Bank.
Mr. Bhaumik received his B.A. in Finance from San Jose State University
and holds an M.B.A. from Santa Clara University. He can be reached at
415-525-8775 or sbhaumik@avidbank.com
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181219005172/en/
Steve Leen, Chief Financial Officer
(408) 831-5653
www.avidbank.com
Source: Avidbank Holdings, Inc.