SEC Filing · 144
Avidbank Holdings, Inc.
AVBHNASDAQEQUITYCurrent
SEC Filing
Company context
The Bank was organized in April 2003 under the name “The Private Bank of the Peninsula” by a group of long-time, Palo Alto-based entrepreneurs deeply invested in the community who envisioned a private business bank that would provide the kind of exceptional banking services they desired themselves. With the approval of the DFPI and the FDIC, the Bank commenced business on October 1, 2003. In 2007, we reorganized into a bank holding company structure, whereby the Bank became a subsidiary of Peninsula Bank Holding Co. As our business model and vision expanded, we recognized that our original name did not reflect the Bank’s broader aspirations to offer a diverse range of products and services to a wide array of individuals and businesses. Accordingly, The Private Bank of the Peninsula changed its name to Avidbank on April 1, 2011, and Peninsula Bank Holding Co. formally changed its name to Avidbank Holdings, Inc. on August 1, 2011. We moved our headquarters to San Jose in 2017 to improve our ability to attract and retain Bank employees.
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