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800-508-2265
42 Main Street
Hudson, MA 01749

Avidia Bank is headquartered in Hudson and is the 30th largest bank in the state of Massachusetts. It is also the 593rd largest bank in the nation. It was established in 1869 and as of March of 2014, it had grown to 187 employees at 9 locations. Avidia Bank has a B+ health rating.

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$200 Checking Account Bonus at Avidia Bank - 4/14/2014

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Reviews (1)

Poor Customer Service

I did not receive a card for my HSA, so I called to ask for one. They said they would put in an expedited request. Great! 2 weeks later, nothing. I call up again and they can't find anything in the system. They say they don't want to try it again because they don't want to charge me a second $50 fee. Wait, what?? No one said anything about fees! They say I'll need to talk to the people at the main branch, and they gave me a phone number for it. I call it and it just bounces back to them again, and again, and again. They say I should go visit my local branch. Fine, except it is 2000 miles away. I do not respect anyone that stonewalls like this!



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Avidia Bank had $11.43 million in non-current loans and owned real-estate with $104.92 million in equity and loan loss allowances on hand to cover it. This gives Avidia Bank a Texas Ratio of 10.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Avidia Bank decreased dramatically from 21.48% as of March 31, 2013 to 10.90% as of March 31, 2014, resulting in a positive change of 49.26%.This indicates that the balance sheet and financial strength for Avidia Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Avidia Bank has decreased its total deposits by -$23.33 million, resulting in -2.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Avidia Bank has shown is below average.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Avidia Bank has $1.14 billion in assets with $104.92 million in equity, resulting in a capitalization level of 9.22%, which is average.

Institution Statistics

Overall
FDIC Certificate #90215
Year Established1869
Employees187
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.14 billion
Loans$850.36 million
Deposits$777.39 million
Equity Capital$97.85 million
Loan Loss Allowance$7.08 million
Unbacked Noncurrent Loans$11.07 million
Real Estate Owned$359,000
Historic Data - March 2013
Assets$1.06 billion
Equity Capital$91.50 million
Loan Loss Allowance$7.89 million
Unbacked Noncurrent Loans$11.07 million
Real Estate Owned$555,000
Profit Margin - Quarterly
Net Interest Margin3.5%
Return on Assets0.54%
Return on Equity6.25%
Interest Income$10.94 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Avidia Bank, we are a rate comparison website and can not provide official rates or promotions.

Avidia Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$20k-Health Savings Account
0.20%$50k-Smart Savings
0.10%--Passbook Account
0.10%--Statement Holiday Club

Avidia Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$50k-IRA Money Market
0.25%$100k-Money Market

Avidia Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.06%-$25keChecking - Qualifying
0.12%$50k-The Most Account
0.05%--Value NOW Checking
0.05%--Senior Checking
0.05%--eChecking - Non Qualifying
0.00%--Smart Checking

Avidia Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.56%$1k-60 Month CD
1.31%$1k-48 Month CD
1.05%$1k-36 Month CD
0.70%$1k-24 Month CD
0.55%$1k-18 Month CD
0.40%$1k-12 Month CD
0.30%$1k-6 Month CD
0.25%$1k-3 Month CD

Avidia Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.71%$500-60 Month IRA
1.46%$500-48 Month IRA
1.21%$500-36 Month IRA
0.85%$500-24 Month IRA
0.70%$500-18 Month IRA
0.55%$500-12 Month IRA
Locations


Avidia Bank Locations
Westborough Savings Bank Branch100 East Main StreetWestborough, MA 1581
Clinton Branch1073 Main StreetClinton, MA 1510
Hudson Shopping Center Branch221 Washington StreetHudson, MA 1749
Shrewsbury Branch23 Maple AvenueShrewsbury, MA 1545
Marlborough Branch256 Maple StreetMarlborough, MA 1752
West Main Branch33 West Main StreetWestborough, MA 1581
Avidia Bank42 Main StreetHudson, MA 1749
Leominster Branch470 Lancaster StreetLeominster, MA 1453
Northborough Branch53 West Main StreetNorthborough, MA 1532
Willows BranchOne Lyman StreetWestborough, MA 1581