Avidia Bank


Overview / Commentary
800-508-2265
42 Main Street
Hudson, MA 01749

From the Bank

Avidia Bank provides the best in banking to consumers and businesses and is a proud community partner. Formed in 2007 by a merger between Hudson Savings Bank and Westborough Bank, Avidia Bank is now a $1.2 Billion mutual community bank headquartered in Hudson, MA. It has branches in Hudson, Westborough, Clinton, Marlborough, Northborough, Shrewsbury, Leominster and is opening soon in Framingham.

With investments in technology, Avidia offers Mobile banking with check deposit, bill pay, transfers, and the option to pay other people electronically.

The bank is very passionate about communities it serves in and helps out area organizations through the Avidia Charitable Foundation as well as through the Bank itself.

Reviews (1)

Questionable Integrity

Avidia Bank manages Healthcare Savings Accounts (HSA). After talking with their VP of Operations, they admitted that their internal policy is to deny valid HSA payments even though they, as the bank, do not have any responsibility to validate or verify the legitimacy of HSA payments. Of course, the responsibility for that lies with the account holder, not the bank. Avidia, by policy, keeps clients money and makes them take additional, time consuming, steps to get your money.



Health

Health Grade Components

Overall
FDIC Certificate #90215
Year Established1869
Employees256
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD5.59%
Annual Interest Income$92.2MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$2.67B$2.62B
LoansQ3 2024vs Q3 2023$2.16B$2.09B
DepositsQ3 2024vs Q3 2023$2.05B$1.98B
Equity CapitalQ3 2024vs Q3 2023$217.2MM$190.1MM
Loan Loss AllowanceQ3 2024vs Q3 2023$21.9MM$21.5MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$3.1MM$7MM
Real Estate OwnedQ3 2024vs Q3 2023$0$239K
Rates

Rates for Avidia Bank are currently being reviewed.

Locations


Cities: Clinton, Framingham, Hudson, Leominster, Marlborough, Northborough, Shrewsbury, Westborough

Clinton Branches
Clinton Branch1073 Main StreetClinton, MA 01510

Framingham Branches
Framingham Branch270 Cochituate RoadFramingham, MA 01701

Hudson Branches
Hudson Shopping Center Branch196 Washington StreetHudson, MA 01749
Avidia Bank42 Main StHudson, MA 01749
Hudson Loan Center Branch17 Pope StreetHudson, MA 01749

Leominster Branches
Leominster Branch470 Lancaster StreetLeominster, MA 01453

Marlborough Branches
Marlborough Branch256 Maple StreetMarlborough, MA 01752

Northborough Branches
Northborough Branch53 West Main StreetNorthborough, MA 01532

Shrewsbury Branches
Shrewsbury Branch23 Maple AvenueShrewsbury, MA 01545

Westborough Branches
Westborough Savings Bank Branch100 East Main StreetWestborough, MA 01581

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.