Avidbank Supports Red Monkey Acquisition of Salt Company

Avidbank Specialty Finance provided a term loan and working capital line of credit to organic spice and seasoning provider Red Monkey Foods to support its acquisition of San Francisco-based Salt Company.

Avidbank Provides $7.5MM Credit Facilities to Zumasys

Avidbank Specialty Finance, Avidbank’s technology and asset-based lending division, provided $7.5 million in credit facilities to tech company Zumasys.

Avidbank Provides $8.3MM Credit Facilities to LightPath

Avidbank Specialty Finance, Avidbank’s technology and asset-based lending division, provided $8.3 million in credit facilities to LightPath Technologies, including a $7.3 million asset-based term loan and renewal of a $1 million asset-based line of credit.

Avidbank Opens San Jose HQ & Palo Alto Retail Branch

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.

Avidbank Provides $8MM Line of Credit to Yes To

Avidbank Specialty Finance provided an $8 million asset-based line of credit to Yes To.

Avidbank Supports SF Equity Red Monkey Foods Buy

Avidbank Specialty Finance provided a $4 million line of credit and an acquisition term loan to support San Francisco Equity Partners’ acquisition of Red Monkey Foods.

Former Square 1, SVB Exec Butner Joins Avidbank

Geoff Butner joined Avidbank as SVP and deputy chief credit officer. He was most recently with Square 1 Bank as SVP, risk manager. Before that, he was with Silicon Valley Bank as SVP, credit officer.

Karmen Joins Avidbank as SVP/Regional Manager

Darryl Karmen joined Avidbank as senior vice president and regional manager, Corporate Finance division.

Foley Joins Avidbank as SVP

Bob Foley joined Avidbank Holdings as senior vice president and northeast regional manager, Corporate Finance Division.

Greene Joins Avidbank as SVP

Avidbank announced Chris Greene joined the bank as SVP, Corporate Banking Division. Greene brings with him more 20 years of experience in corporate banking.