Thursday, October 20, 2011

Avidbank Holdings, Inc. Releases Third Quarter Results

Avidbank Holdings, Inc., parent company of Avidbank, today announced its unaudited results for the third quarter of 2011. "Our continued profitability is derived from aggressively managing our infrastructure and balance sheet in what continues to be a challenging market for quality loans," stated Chairman Mark D. Mordell. "Management has done an excellent job improving the quality of our loan portfolio while at the same time significantly reducing our cost of funds. This stable p...continued
 

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