Another year and another Avidia Bank Annual Report. But as we all know too well, 2020 was no ordinary year. With the COVID-19 pandemic and social unrest, we experienced many changes and challenges in our world – and in our own homes, neighborhoods, and businesses.
Still, amidst the social distances and shutdowns, the pauses and pivots, we moved forward together in ways that went beyond what we all thought was even possible.
We developed and learned new and innovative ways of doing routine tasks. We realigned our schedules, workspaces, and priorities, and discovered resilience and abilities we didn’t even know we had.
At Avidia, we’re proud of what we’ve been able to overcome and accomplish together.
A community of people rising up to meet new challenges
Our foundation of sound financial management and investments in innovation helped us quickly provide support to local people and communities at a time when they needed it most.
To help meet the unprecedented challenges of small businesses, we originated over $200 million in Paycheck Protection Program (PPP) loans. We also worked to provide financial relief to individuals and families through deferments and opportunities to skip loan payments.
Supporting our communities in challenging times requires the work of many. That’s why we were proud to partner with non-profit organizations to stock depleted food pantries, provide protective equipment for healthcare workers, and support a range of ongoing needs.