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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.
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.
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.