Avidbank Holdings, Inc. (NASDAQ: AVBH) announced on August 6, 2026, that it has hired Kimberly Bohn and Chris Lucas to lead and build a new HOA Banking Solutions vertical. The strategic hire aims to extend the California state-chartered bank’s deposit and treasury management capabilities to homeowners associations (HOAs) and their management companies, adding diversification to its deposit franchise. By targeting this specific sector, Avidbank seeks to capture unique operational and financial needs through tailored banking solutions.

The new HOA Banking Solutions unit will offer operating and reserve accounts, streamlined dues and assessment collection, and reserve management services. These products are designed specifically for associations and their management partners, addressing complex payment experiences and long-term financial objectives within the HOA ecosystem.

Kimberly Bohn joins as Senior Vice President and Managing Director of HOA Banking Solutions, tasked with leading and building the new team. She brings 30 years of experience serving the HOA industry, most recently at Heritage Bank of Commerce, where she developed tailored banking solutions and long-term client relationships with homeowners associations and industry partners.

Chris Lucas joins as Senior Vice President and Business Development Officer for the same vertical. Lucas will lead business development, strategic partnerships, and client relationships. Like Bohn, she brings 30 years of HOA banking experience, also most recently from Heritage Bank of Commerce, where she built trusted relationships with HOA management companies, boards, and service providers.

Mark D. Mordell, Chairman and Chief Executive Officer, stated that the decades of experience brought by Bohn and Lucas will be accretive to the commercial banking platform while growing and diversifying the deposit and treasury management franchise. He noted that these hires bring the total number of proven bankers added to the team since the successful IPO in August 2025 to seven.

Key Personnel Additions Since IPO

Mordell emphasized that attracting and retaining great talent is central to the company’s mission as a growth bank. The new hires join an existing accomplished team, reinforcing Avidbank’s relationship-driven culture and long-term approach to serving clients across 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. (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.