Avidia Bank
Avidia Bank is a mutual community bank headquartered in Hudson, Massachusetts and founded in 2007. The bank was formed from a merger agreement between Hudson Savings Bank and Westborough Bank.
- website: https://www.avidiabank.com/
Cannabis Banking Services
“While rising interest rates hampered residential loan growth, we experienced a strong year of growth in commercial lending and banking. We worked with a variety of new and emerging businesses, including cannabis businesses, which benefited from our cash management expertise and business experience.” (2022 Avidia Bank Annual Report)
States Served:
- Massachusetts
Official cannabis banking page: NA
Media coverage:
Bank Health Rating
DepositAccounts.com Rating: link
- DepositAccounts considers several health grade components:
- Texas Ratio (measuring bank credit risk);
- Texas Ratio trend;
- Deposit growth;
- Capitalization (difference between bank assets and liabilities).