Daily News: February 3, 2014

Avidbank Expands Loan Production Office

Avidbank announced that it recently expanded its San Jose loan production office. Avidbank first opened the office in April of 2012 to accommodate its growing Corporate Banking division. The bank’s new office includes the Corporate Banking and Corporate Finance Divisions as well as certain operational functions.

The office remains at the same location, but in a much larger space.

“We are pleased with the traction we have obtained in this market and are committed to expanding our presence in the South Bay. We are moving a significant number of employees from our Palo Alto and Redwood City offices to San Jose. This move accommodates our current staffing needs and allows room for future growth,” stated Mark D. Mordell, chairman and CEO of Avidbank. “We have enjoyed our downtown San Jose location and look forward to increasing our presence in the valley as we grow our Bank and strengthen our brand.”