Press Releases

Check out what’s been happening here at Avidia. Learn about new products and services, what area organizations we have recently supported, bank promotions and more!

Press contact Info: Mike Allard, SVP, Director of Marketing. 774-760-1206. m.allard@avidiabank.com

03/05/2018

Avidia Bank receives Bauer five-star rating

Bauer Financial, the nation’s premier bank rating firm, has recently announced that Avidia Bank has secured a five-star rating. This is the highest rating they bestow upon a financial institution.

Read the full press release here. 

03/05/2018

Avidia Bank Raising Its Minimum Wage to Double the Federal Standard; Increasing Charitable Giving

Hudson-based Avidia Bank is raising its minimum wage to $15 an hour effective February 19, and sharing the benefits of the recent tax reform with their employees in the form of adding to its employee bonuses.

Read the press release here. 

10/06/2017

Avidia Bank branching out beyond Hudson

Avidia Bank has spent its nearly century and a half based right around the Assabet Valley, where it keeps its headquarters in Hudson. But now the bank is making a bet on an eastward expansion toward a much more crowded Boston market. The bank borrowed $25 million this summer to finance growth that starts with a new branch in Framingham scheduled to open Sept. 25 at 270 Cochituate Road.  "We feel that the opportunities are east of here," said Margaret Melo Sullivan, Avidia's executive vice president, chief financial officer and treasurer.

10/06/2017

Avidia Bank celebrates grand opening of Framingham branch

Local officials and members of the business community joined Avidia Bank’s management team Sept. 27 to celebrate the grand opening of the bank’s newest location at 270 Cochituate Road in Framingham.  The one-of-a-kind facility will contain a unique digital experience as well as a team of expert bank representatives from the consumer, investment and commercial groups to serve the banking needs in Framingham, officials said. The new building features light colors and modern materials, including insulated metal panels and glass.

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