Avidbank Holdings, a bank holding company and the parent company of Avidbank, opened its new San Jose, CA headquarters office and Palo Alto retail branch.

“Retaining our two most valuable assets – our clients and employees – is our main priority,” stated Mark D. Mordell, chairman and CEO. “Many of our employees live in the South Bay, and a San Jose headquarters with a shorter commute will provide them a more balanced and productive lifestyle. The move also makes sense in that we will have a more robust employee base in the San Jose area as we continue to grow.”

Avidbank’s growth over the past five years has more than doubled the number of employees, and the bank had outgrown its Palo Alto headquarters.

Avidbank specialize in commercial and industrial lending, technology and asset-based lending, specialty finance, real estate construction and commercial real estate lending.