Avidbank Holdings, Inc. (NASDAQ: AVBH) appointed Jonathan M. Dale as President of the company and its subsidiary, Avidbank, effective August 3, 2026, to strengthen leadership continuity and support long-term growth. The San Jose-based financial institution stated that the move is part of a deliberate succession planning strategy designed to provide organizational depth and stability. Mr. Dale will report directly to Mark D. Mordell, who serves as Chairman and Chief Executive Officer for both entities.

The Board of Directors emphasized that adding a President with Mr. Dale’s qualifications is a foundational step in ensuring a seamless transition in future years. Mark D. Mordell highlighted that Mr. Dale’s humility, discipline, and people-first approach align with Avidbank’s culture. He noted that the appointment reflects the thoughtful, long-term succession planning prioritized by the Board.

Jonathan M. Dale brings nearly 30 years of experience in building and leading commercial banking platforms. Prior to joining Avidbank, he served with Umpqua Bank (which became Columbia Bank following its 2023 merger) from January 2016 to July 2025. His most recent role was Executive Vice President and Regional Executive for California, where he held full profit-and-loss responsibility across five markets from January 2024 until his departure.

Executive Background

Mr. Dale’s tenure at Umpqua Bank included several senior leadership positions focused on regional expansion and enterprise sales. He served as Executive Vice President and Regional Executive for the Pacific Northwest and Mountain West regions from August 2019 to January 2024, leading operations and expansion into Utah and Colorado.

Before joining Umpqua Bank, Mr. Dale held positions with California Bank & Trust and Washington Mutual Bank in Southern California. He holds an M.B.A. from the University of Southern California’s Marshall School of Business and completed the Pacific Coast Banking School’s Masters in Banking program through the University of Washington Foster School of Business.

Strategic Outlook

Jonathan M. Dale expressed honor at joining Avidbank during a pivotal growth phase, citing the institution’s differentiated franchise and strong balance sheet. He stated his intention to work alongside Mark D. Mordell and the Board to deepen client relationships and scale business lines while preserving the bank’s culture. Avidbank specializes in commercial and industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, fund finance, and real estate construction and commercial real estate lending.

Avidbank Holdings, Inc. will release its second quarter 2026 earnings results after the market closes on Thursday, July 23, 2026. The announcement will provide investors with detailed financial performance data for the quarter. Stakeholders can access the earnings report on the Avidbank website under the About Us, Investor Relations section immediately following the release.

To discuss the results, Avidbank Holdings will host a conference call on Friday, July 24, 2026, at 11:00 a.m. (EDT) / 8:00 a.m. (PDT). The call will offer management the opportunity to review the quarterly figures and operational highlights. Investors interested in participating can dial (833) 461-5787 within the US or +1 (585) 542-9983 for international locations, using conference ID 599 992 664.

Participants also have the option to pre-register for the conference call online. Additionally, a live webcast of the presentation will be available via the Investor Relations section of the Avidbank website. An audio replay of the webcast is expected to be accessible by the evening of July 24, 2026.

Avidbank Holdings, Inc., headquartered in San Jose, California, specializes in commercial & industrial lending, venture lending, structured finance, and real estate construction lending. The company provides a range of financial solutions including asset-based lending, sponsor finance, and fund finance.

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