Avidia Bank

Alacriti Among the First to be FedNow Certified and Live

Retrieved on: 
Tuesday, July 25, 2023
Apps, Applications, Mobile, Wireless, Technology, Fintech, Professional Services, Software, Networks, Data Management, Retail, Online Retail, Federal Reserve Bank of St. Louis, Partnership, Avidia Bank, U.S. Bancorp, ISO, ACH, Certification, First, Consumers Credit Union, Veridian Credit Union, FedNow, Payment system, SVP, Bank, USS Alacrity (MSO-520)

The FedNow Service is a new real-time payment rail offered by The Federal Reserve Banks to facilitate nationwide reach of instant payment services by financial institutions.

Key Points: 
  • The FedNow Service is a new real-time payment rail offered by The Federal Reserve Banks to facilitate nationwide reach of instant payment services by financial institutions.
  • Alacriti’s payments hub solution is core-independent and enables financial institutions to easily make real-time transactions over the FedNow Service network.
  • “Alacriti has worked very hard to be among the first fintechs to be certified with the FedNow Service, providing ISO 20022 compliance and always-on service.
  • “Our partnership with Alacriti has allowed us to be an industry leader and among the first to offer secure, instant payments on FedNow.

Avidia Bank Partners with Green Check Verified to Serve Underbanked Cannabis Industry

Retrieved on: 
Thursday, April 20, 2023
EVP, GCV, Swiss Research Centre for Rationalization in Building and Civil Engineering CRB, Partnership, Avidia Bank, Drug

“Much like any other type of business that we work with, we strive to offer cannabis businesses the best support that we can meet their fundamental banking needs,” said Nicolas Karmelek, EVP, Chief Risk Officer at Avidia Bank.

Key Points: 
  • “Much like any other type of business that we work with, we strive to offer cannabis businesses the best support that we can meet their fundamental banking needs,” said Nicolas Karmelek, EVP, Chief Risk Officer at Avidia Bank.
  • “We’re proud Avidia Bank chose us as its cannabis banking partner, and this partnership couldn’t be a more organic fit,” said Kevin Hart, CEO and co-founder of Green Check Verified.
  • By partnering with Avidia Bank, we’re confident we can offer more cannabis businesses across Massachusetts the best banking solutions on the market.”
    Since launching the partnership with Green Check, Avidia Bank’s cannabis program has grown to serve various types of direct marijuana businesses and many more related businesses, and the bank plans to continue its program to support cannabis businesses of all sizes in its community.
  • Green Check Verified has now onboarded nearly 150 financial institutions and has nearly 5,000 cannabis-related businesses on its industry-leading platform.

Avidia Bank Appoints Robert D. Cozzone as President & CEO

Retrieved on: 
Friday, March 3, 2023
Banking, Professional Services, Finance, Consumer, Bridgewater, University, Public sector banks in India, Bridgewater State University, Treasury, Knowledge, Strategic planning, Corporate services, Small business, Bank, Carroll School of Management, Management, Science, Avidia Bank, Rockland Trust

The Board of Directors of Avidia Bank announced today that Robert D. Cozzone has been named President and Chief Executive Officer.

Key Points: 
  • The Board of Directors of Avidia Bank announced today that Robert D. Cozzone has been named President and Chief Executive Officer.
  • Cozzone will replace current President & CEO, Mark O’Connell, who will retire in May 2023.
  • Mr. Cozzone joins Avidia from Rockland Trust, a $20 billion community bank, where he enjoyed a successful 24-year career.
  • “The Board is extremely excited about Rob becoming the next CEO at Avidia,” said Paul Blazar, Avidia Board Chair.

Avidia Bank Implements Nexus Closing by SimpleNexus to Provide Customers the Convenience of a Modern Closing Experience

Retrieved on: 
Wednesday, February 22, 2023
Nexus, Avidia Bank, Eclose, CRA, E-sign, Sale, NCino, Bank, Cryptocurrency, LEHI

A mutual savings bank with $2.3 billion in assets under management, Avidia Bank provides financial services to Massachusetts communities across eight branch locations.

Key Points: 
  • A mutual savings bank with $2.3 billion in assets under management, Avidia Bank provides financial services to Massachusetts communities across eight branch locations.
  • Leading with its Honest to Goodness® brand promise, Avidia Bank seeks to provide customers with efficient financial solutions and exceptional customer service.
  • Nexus Closing is a comprehensive closing solution with the flexibility to support traditional, hybrid and fully remote eClosings.
  • Since implementing Nexus Closing to support hybrid closings, nearly all Avidia Bank borrowers have opted to review and eSign closing documents that do not require notarization before the closing ceremony.

Avidia Bank Announces Partnership with KyckGlobal For Next-Generation Treasury Management Products

Retrieved on: 
Wednesday, April 14, 2021
Professional services, Technology, Finance, Software, Networks, Banking, Avidia Bank, Bank, Federal Deposit Insurance Corporation, Federal government of the United States, Government, Economy, Avidia Bank, KyckGlobal, Inc.

b'Avidia Bank recently announced a partnership with KyckGlobal, Inc. to enhance its current portfolio of treasury management products and services.

Key Points: 
  • b'Avidia Bank recently announced a partnership with KyckGlobal, Inc. to enhance its current portfolio of treasury management products and services.
  • Avidia Bank currently offers a wide variety of services to businesses, including payment services, banking as a service, commercial credit solutions and a host of others.\nThis press release features multimedia.
  • Member FDIC | Member DIF\nKyckGlobal features a cloud-based technology layer featuring a growing array of high-value endpoints from which payment recipients may select.
  • In the new partnership with Avidia Bank, KyckGlobal will deliver an API-first solution to Avidia, providing the ability for Avidia\xe2\x80\x99s clients to access a near-instant payment type to add value to Avidia\xe2\x80\x99s current banking products and services.

Alacriti Partners with The Clearing House to Drive Faster Payments Innovation

Retrieved on: 
Tuesday, October 6, 2020
Professional services, Data management, Technology, Finance, Software, Banking, Money, Financial services, Finance, Banking in the United Kingdom, Avidia Bank, Clearing, Payment systems, Faster Payments Service, Instant payment, VocaLink, Alacriti, The Clearing House

Alacriti , a fintech company specializing in digital payments, today announced it is partnering with The Clearing House in order to help foster real-time payments adoption across the banking and credit union markets.

Key Points: 
  • Alacriti , a fintech company specializing in digital payments, today announced it is partnering with The Clearing House in order to help foster real-time payments adoption across the banking and credit union markets.
  • Alacriti provides a cloud-native platform for faster payments innovation, enabling both banks and credit unions to securely access the RTP network and rapidly deliver new products and services to their retail and corporate customers.
  • The RTP network, developed by The Clearing House, is the first new payments infrastructure built in the U.S. in more than 40 years and is empowering financial institutions and businesses to implement innovative, value-added use cases for faster payments.
  • Avidia Bank, a $2 billion mutual community bank headquartered in Hudson, MA is working with Alacriti to help drive the market for real-time payments.

Vive and Avidia Bank Expand Their Partnership

Retrieved on: 
Thursday, October 1, 2020
Insurance, Human resources, Managed care, Finance, Health, Consulting, Banking, Professional services, Avidia Bank, Northborough, Massachusetts, Debit card, Avidia, Vive, Westborough, Massachusetts, Marlborough, Massachusetts, Geography of Massachusetts

Vive Benefits and Avidia Bank have expanded their partnership, securing a $5 million revolving credit facility to fund loans that will be advanced to Vive members.

Key Points: 
  • Vive Benefits and Avidia Bank have expanded their partnership, securing a $5 million revolving credit facility to fund loans that will be advanced to Vive members.
  • The additional support from Avidia follows their partnership with Vive in September 2019 that included sponsoring Vives debit card and Health Savings Account (HSA).
  • Avidia Bank is thrilled to expand our partnership with Vive Benefits, said Robert Conery, COO and EVP at Avidia Bank.
  • Avidia Bank is a $1.2 billion mutual bank, headquartered in Hudson, MA with branches in Hudson, Westborough, Clinton, Leominster, Marlborough, Northborough and Shrewsbury.

Maverick Payments Announces Instant Merchant Settlement Under New Sponsorship Program with Avidia Bank

Retrieved on: 
Tuesday, October 22, 2019
Avidia Bank, Banking in the United States, Economy, Bank, Payment processor

LOS ANGELES, Oct. 22, 2019 /PRNewswire-PRWeb/ -- Maverick Payments, a Calabasas based payment processor, has partnered with Avidia Bank, a Massachusetts based financial institution.

Key Points: 
  • LOS ANGELES, Oct. 22, 2019 /PRNewswire-PRWeb/ -- Maverick Payments, a Calabasas based payment processor, has partnered with Avidia Bank, a Massachusetts based financial institution.
  • Both Maverick and Avidia are organizations at the forefront of innovation in financial technology, committed to powering merchants with unparalleled electronic payment processing.
  • Instant merchant settlement allows businesses to receive deposits from card sales within a few seconds after batching.
  • Avidia Bank is a Hudson, MA based community bank serving business banking, consumer banking, and residential lending.

Avidia Bank Announces Partnership with Marchand for Local Youth Hockey Programs

Retrieved on: 
Thursday, October 17, 2019
Professional services, Hockey, Philanthropy, Sports, Fund Raising, Banking, Geography of Massachusetts, Avidia Bank, Banking in the United States, MetroWest, Local government in Massachusetts, Massachusetts counties, Northborough, Massachusetts, Marlborough, Massachusetts, Framingham, Massachusetts, Avidia, Westborough, Massachusetts, Marchand

Avidia Bank recently announced its partnership with Brad Marchand, Boston Pro Hockey player for Assists for Kids program to support local youth hockey programs.

Key Points: 
  • Avidia Bank recently announced its partnership with Brad Marchand, Boston Pro Hockey player for Assists for Kids program to support local youth hockey programs.
  • For every assist during the regular season, Avidia Bank will donate $25 up to $30,000 to benefit Massachusetts Youth Hockey Programs in the MetroWest.
  • View the full release here: https://www.businesswire.com/news/home/20191017005820/en/
    Brad Marchand with Mark O'Connell President and CEO of Avidia Bank (Photo: Business Wire)
    The money raised during the season will go towards new safety equipment like helmets, mouth guards and Avidia Bank will also provide 150 kids in MetroWest Youth Hockey with $150 towards youth savings accounts.
  • Avidia Bank is a $1.6 billion Community Bank, headquartered in Hudson, MA with additional branches in Westborough, Framingham, Shrewsbury, Clinton, Leominster, Marlborough and Northborough.

Avidia Bank Announces Partnership with Stephon Gilmore, New England Cornerback

Retrieved on: 
Friday, September 13, 2019
Football, Consumer, Finance, Banking, Professional services, Philanthropy, Sports, Fund Raising, Children, Foundation, Geography of Massachusetts, Avidia Bank, Banking in the United States, MetroWest, Northborough, Massachusetts, Marlborough, Massachusetts, Westborough, Massachusetts, Framingham, Massachusetts, Gilmore, Framingham station, Northborough, Massachusetts counties

Avidia Bank recently announced its partnership with Stephon Gilmore, New England Cornerback, for the Be a Champion for a Child initiative to benefit Boys and Girls Club of MetroWest.

Key Points: 
  • Avidia Bank recently announced its partnership with Stephon Gilmore, New England Cornerback, for the Be a Champion for a Child initiative to benefit Boys and Girls Club of MetroWest.
  • View the full release here: https://www.businesswire.com/news/home/20190913005439/en/
    Mark OConnell, President and CEO of Avidia Bank with Stephon Gilmore, New England Cornerback (Photo: Business Wire)
    "I grew up going to Boys & Girls Clubs and wanted to give back to the organization.
  • Avidia Bank is a $1.6 billion Community Bank, headquartered in Hudson, MA with additional branches in Westborough, Framingham, Shrewsbury, Clinton, Leominster, Marlborough and Northborough.
  • Avidia Bank, Member FDIC Member DIF
    View source version on businesswire.com: https://www.businesswire.com/news/home/20190913005439/en/