Avidbank Stock’s Quiet Weekly Climb Leaves One Bigger Test After the Long Weekend
Avidbank Holdings shares closed at $29.91 Friday, up 2.19% for the week, ahead of the Memorial Day market closure. Shareholders re-elected all 10 board nominees and ratified Crowe LLP as auditor at the May 19 annual meeting. First-quarter net income was $9.0 million, with net interest margin at 4.38%. Deposits grew, including a $38.5 million increase in brokered deposits.