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Avidia Bancorp, Inc. Announces Expected Closing Date of Initial Public Offering

1. Avidia Bancorp receives final approvals for IPO related to Assabet Valley Bancorp. 2. Expected closing on July 31, 2025, with NYSE listing.

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Why Bullish?

The announcement of regulatory approvals often boosts stock sentiment, as seen with similar IPOs in the banking sector, which tend to attract investor interest and potentially drive up share prices upon listing.

How important is it?

The successful IPO indicates a strong institutional belief in Avidia Bancorp's future, leading to increased market interest and potential upward price momentum once trading begins.

Why Long Term?

The impact of the successful IPO and NYSE listing can enhance investor confidence and lead to sustained interest and price appreciation over time, especially in a favorable market environment for financial institutions.

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HUDSON, Mass.--(BUSINESS WIRE)--Avidia Bancorp, Inc. (the “Company”), the proposed stock holding company of Avidia Bank, announced today that all final regulatory approvals have been received to close the Company's initial public offering in connection with the mutual-to-stock conversion of Assabet Valley Bancorp, the mutual holding company of Avidia Bank. Closing is expected to occur at the close of business on July 31, 2025. Listing of the Company's common stock on the New York Stock Exchange.

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