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Avenue Financial Holdings Priced, Nasdaq: AVNU

Commercial bank with five locations in the Nashville MSA and $1 billion in assets.

Industry: Financials

First Day Return: +8.0%

Industry: Financials

Avenue Financial Holdings, Inc. is headquartered in Nashville, Tennessee. We were formed as a single-bank holding company in June 2006 and operate primarily through our subsidiary, Avenue Bank. Our operations are concentrated in the Nashville metropolitan statistical area, or MSA, and provide a range of financial services through our five locations (four of which are retail branches) and a deposit courier service (mobile branch) for select commercial banking clients. Founded by a team of executives and banking professionals having substantial experience with large regional institutions in the middle Tennessee market, our strategy is to serve Nashville’s rapidly growing need for local banking services. In 2007, when we launched our opening advertising campaign, we made a promise to the market that we would not become just “another bank,” and that remains our vision to this day. We strive to build a signature bank for Nashville. Our growth strategy focuses primarily on commercial and private banking. We provide products and services that compete with large, national competitors, but with the personalized attention and nimbleness of a community bank. We believe we provide unparalleled levels of client service through the talent and expertise of our people, the responsiveness of our credit processes, and the efficiency with which we conduct business. This leads to the development of significant, long-term relationships with many of Nashville’s leading individuals and businesses.
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Avenue Financial Holdings (AVNU) Performance