Avidia Bank is a community savings bank headquartered in Hudson, Massachusetts, serving the western suburbs of Boston. Its core business is taking deposits and making loans to individuals and businesses, primarily in Middlesex and Worcester Counties. The loan portfolio is split between real estate loans and commercial and industrial loans, with two specialty lending programs setting Avidia apart from typical community banks: condominium association loans (~22% of total loans) and dental practice and solar plant loans. Condominium association loans, a program Avidia started in 2010, fund capital improvements to condo complexes and are secured by HOA dues cash flows and a priority lien on the property; Avidia has expanded this program nationally. Dental practice loans fund acquisitions of dental practices, and solar plant loans are made to New England-based solar installations. On the funding side, Avidia collects deposits through its ten branches and also gathers deposits nationally through two programs: HSAs via its Avidia Health brand, and deposits tied to its payments processing business, which together represented roughly 28% of total deposits. These deposits are predominantly low- or no-cost demand accounts, which support Avidia's net interest margin. Avidia also operates a payments processing business, acting as a sponsor bank for fintechs, ISOs, and ACH processors, serving roughly 29,000 small business merchants nationwide. In July 2025, Avidia completed a mutual-to-stock conversion, raising capital that management plans to deploy into loan growth and potential M&A.