Avidia Bank is headquartered in HUDSON and is the 22nd largest bank in the state of Massachusetts. It is also the 467th largest bank in the nation. It was established in 1869 and as of March of 2025, it had grown to 250 employees at 10 locations. Avidia Bank has a B health rating.
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.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90215 |
| Year Established | 1869 |
| Employees | 250 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.69% |
| Return on Equity - YTD | -21.34% |
| Annual Interest Income | $31.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $2.71B$2.65B |
| Loans | Q1 2025vs Q1 2024 | $2.21B$2.13B |
| Deposits | Q1 2025vs Q1 2024 | $2.15B$2.01B |
| Equity Capital | Q1 2025vs Q1 2024 | $208.6MM$206.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $21.8MM$21.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $10.6MM$3.9MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |