Avidia Bancorp: Newly Converted Thrift At A Discount To TBV

Avidia Bancorp (NYSE: NYSE: AVBC ) is a newly converted thrift based in Hudson, Massachusetts. It has 10 branches in Worcester and Middlesex counties, and as of Q2 2025, the bank had about $3 billionI'm a private investor focused on deep value and special situations, particularly in the small-cap and micro-cap space. I especially like finding companies trading below tangible book or sitting on excess capital. Areas of interest include thrift conversions, community banks, shipping, and places where value is ...