Avidia Bancorp closes IPO in mutual-to-stock conversion; gross proceeds $191.8M

Avidia Bancorp, Inc.

Sold 19,176,250 shares at $10.00; gross proceeds ~$191.8M.
900,000 additional shares contributed to Avidia Bank Charitable Foundation.
Total shares outstanding post-closing: 20,076,250.
Listing on NYSE under AVBC expected to begin August 1, 2025.
Subscription offering oversubscribed; refunds being processed.

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