San Jose-based Avidbank said this week that it hired industry veteran Sam Bhaumik as executive vice president of its venture lending group, a new business for the bank.
Avidbank Chairman and CEO Mark Mordell has long had his eye on boosting the bank’s services to the venture capital community.
“Part of our ultimate strategy for years has been venture and technology lending, but we needed to wait until we had the balance sheet, capital, infrastructure and governance before we could start the…
