Avidia Bancorp subscription offering oversubscribed; orders exceed $191.8M max

Avidia Bancorp, Inc.

Subscription offering expired June 17; oversubscribed in first tier by eligible depositors.
Valid orders exceeded the $191,762,500 adjusted maximum of the offering range.
Allocation subject to priorities in May 13 prospectus; final allocation info to be released.
Conversion and stock offering close still subject to regulatory approval and customary conditions.
Common stock expected to trade on NYSE under symbol 'AVBC'.

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