Avidia Bancorp, Inc. (AVBC) company profile

Avidia Bancorp, Inc. operates as a bank holding company for Avidia Bank, providing retail and commercial banking products alongside nationwide payment processing services. The company accepts various deposit products, including checking, savings, money market, individual retirement, and certificate of deposit accounts, in addition to health savings accounts. Its lending activities focus on originating and servicing one- to four-family residential mortgages, commercial real estate loans, and commercial and industrial financing, such as condominium association loans. To a lesser degree, it also offers home equity lines, second mortgages, construction loans, multifamily loans, and consumer credit. The institution serves individuals, local businesses, condominium associations, small business merchants, and third-party payment processing entities.

Headquartered in Hudson, Massachusetts, the company operates nine branch offices situated across western Middlesex County and eastern Worcester County in Massachusetts. While its retail branch network concentrates within the western suburbs of the Boston metropolitan area, the company delivers payment processing and health savings account services across the United States.

Summary of the business section of Avidia Bancorp's latest annual report, written by StockData.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.