Avidia Bancorp, Inc. (NYSE: AVBC), parent company of Avidia Bank, has announced the appointment of Michael “Mike” Gilles to its Board of Directors and to the Board of Directors of Avidia Bank, effective September 25, 2025.
“We are thrilled to have Mike join our Board as we transition to a public company. His financial expertise and decades of community banking experience will be invaluable to Avidia,” said Michael Murphy, Chairman of the Board.
“I am delighted to join the Avidia Board of Directors and to have the opportunity to work with such an exceptional group of professionals,” said Michael Gilles. “I look forward to leveraging my insights and experience to help the bank as it builds toward the future.”
Gilles is a seasoned financial services executive with over 45 years of community banking experience. Prior to establishing a consultancy practice in 2024, he served as Executive Vice President, Chief Operating and Financial Officer of Cambridge Financial Group, Inc., the holding company for Cambridge Savings Bank in Cambridge, MA. His career includes senior leadership roles at several Massachusetts-based mutual and public banks, with expertise spanning financial management and reporting, internal controls, asset/liability and investment portfolio management, mergers and acquisitions, credit administration, and risk management.
A Hudson, MA native, Gilles is a Certified Management Accountant and earned a bachelor’s degree in accountancy from Bentley University, as well as completing the Stonier Graduate School of Banking.
In addition to his consulting practice, Gilles serves as Treasurer and Director of the Bay State Federal Savings Charitable Foundation. He has also held advisory roles with the Massachusetts Bankers Association and the Federal Home Loan Bank of Boston, and is a past President of the Financial Managers Society, Boston Chapter.
