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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.
Hudson, MA (July 31, 2017) – Assabet Valley Bancorp (the “Company”), the no-stock mutual holding company for Avidia Bank (the “Bank”), announced today the completion of its private placement of $25.0 million in fixed-to-floating rate subordinated notes due 2027 (the “Notes”). The Notes bear a fixed rate of 5.50% for the first five years and will reset quarterly thereafter to the then current three-month LIBOR rate plus 360 basis points
Avidia Bank announced that it has received the Lender of the Quarter award from the Small Business Administration.
As a preferred SBA lender, Avidia Bank allows local small businesses to have quicker access to funds to start, expand or acquire a business and for those businesses that otherwise may have difficulty getting approved outside of the SBA process.
Avidia Bank announced that it will receive the Digital Edge award for how it promoted the launch of its Cardless Cash initiative using multiple social media platforms.