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Avidbank appoints EVP for Venture Lending Group

Avidbank Holdings has appointed veteran finance executive Sam Bhaumik as Executive Vice President, Venture Lending Group.

“Part of our ultimate strategy for years has been venture and technology lending, but we needed to wait until we had the balance sheet, capital, infrastructure and governance before we could start the search for the right leader,” says Mark D Mordell, Chairman and CEO of Avidbank. “We are excited to have someone of Sam’s calibre and credibility, someone who shares our vision, to lead our newest division.”
 
“I am very excited to be joining the innovative Avidbank team to lead and build the Venture Banking Division,” says Bhaumik. “Avidbank has built a premier banking platform and has developed a strong reputation for providing a high level of client service and customised debt solutions. These core strengths, along with the vast venture banking experience among the senior leaders of Avidbank, will allow us to become a premier provider of banking and lending solutions for early- to mid-stage technology companies and their entrepreneurs nationwide.”
 
Bhaumik received his BA in Finance from San Jose State University and holds an MBA from Santa Clara University.

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