Avidbank Holdings, Inc., parent company of Avidbank, has announced that Darryl Karmen has joined the bank as Senior Vice President &
Regional Manager, Corporate Finance Division. Mr. Karmen brings with him
over 25 years of experience in the financial services sector, most
recently as Director of Originations at AloStar Capital Finance. Prior
to AloStar, Mr. Karmen was Managing Director at Paradox Capital. Mr.
Karmen will work out of Southern California and will lead efforts to
expand our clientele base into that region.
“We are excited to have someone with Darryl’s experience join our
Corporate Finance team,” said Larry LaCroix, Executive Vice President.
“We look forward to working together as we expand our client base and
continue our growth in Southern California.”
“Our Corporate Finance division will benefit greatly from Darryl’s
experience and market ties,” stated Mark D. Mordell, Chairman and CEO of
Avidbank. “Darryl’s network significantly increases our presence in
Southern California as we continue to expand our asset-based and
technology lending practice on a much wider scale.”
“Avidbank has a forward-thinking approach, and they truly care about
their relationships with their clients. They have a unique perspective
and product offering with a wide array of services – asset-based
lending, factoring, early-stage, technology lending, recurring revenue,
C&I, and sponsored finance. I am thrilled to be joining the Avidbank
Corporate Finance team and I look forward to helping build the Avidbank
brand in Southern California,” said Darryl Karmen, Senior Vice
President. “Avidbank's innovative financing solutions and great
responsiveness allow us to meet the working capital needs of companies
in Southern California and throughout the country.”
About Avidbank
Avidbank Holdings, Inc. (OTCBB: AVBH), headquartered in Palo Alto,
California, offers innovative financial solutions and services. We
specialize in the following markets: commercial & industrial, technology
lending, asset-based lending, sponsored finance, real estate
construction and commercial real estate lending, and real estate bridge
financing. Avidbank advances the success of our clients by providing
them with financial opportunities and serving them as we wish to be
served – with mutual effort, ingenuity and trust – creating long-term
banking relationships.