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Avidia Bancorp: Newly Converted Thrift At A Discount To TBV
Seeking Alphaยท 2025-08-13 17:29
Company Overview - Avidia Bancorp is a newly converted thrift based in Hudson, Massachusetts, operating 10 branches in Worcester and Middlesex counties [1] - As of Q2 2025, the bank had approximately $3 billion in assets [1] Investment Focus - The company is of interest to private investors focused on deep value and special situations, particularly in the small-cap and micro-cap sectors [1] - There is a specific focus on companies trading below tangible book value or those sitting on excess capital [1] - Areas of interest include thrift conversions, community banks, and shipping, where value may be overlooked [1] Background of Investors - The investor profile indicates a non-traditional finance background, with a philosophy education from UC Berkeley, which contributes to a skeptical approach to investing [1]