Bob Foley joined Avidbank Holdings as senior vice president and northeast regional manager of the company’s Corporate Finance Division. Foley brings over 30 years of experience in corporate banking and the financial services sector, most recently as a managing director at Runway Extension Debt Advisors.

“We are excited to have someone of Bob’s caliber and experience join our Corporate Finance team,” said Larry LaCroix, executive vice president. “We look forward to working together as we expand our client base and continue our growth throughout the Northeast region.”

Prior to Runway Extension, Foley was a senior vice president at Square 1 Bank. Foley will be based in Boston and will lead efforts to expand the client base in the Northeast region.

“Our Corporate Finance division will benefit greatly from Bob’s skill set, market ties and experience,” said Mark D. Mordell, chairman and CEO of Avidbank. “Bob’s network and clientele will significantly increase our presence in the northeast as we continue to expand our asset-based and technology lending practice.”

“I am excited to be joining the Avidbank Corporate Finance team and I look forward to helping to build the Avidbank brand in the Northeast,” said Foley. “Avidbank’s innovative financing solutions and high touch customer service enables Avidbank to be well positioned to meet the growing demand in the Northeast for technology lending, asset-based lending and other banking services.”