Management ChangeAug 3, 2026, 08:26 AM
Avidbank Appoints Jonathan M. Dale as President
AI Summary
Avidbank Holdings, Inc. announced the appointment of Jonathan M. Dale as President of both the Company and its subsidiary, Avidbank, effective August 3, 2026. Mark D. Mordell will continue as Chairman and Chief Executive Officer, no longer serving as President. Mr. Dale, a seasoned banking executive with nearly 30 years of experience, previously held senior leadership roles at Umpqua Bank. His compensation package includes an annual base salary of $625,000, eligibility for a bonus up to 100% of his base salary, and a restricted stock award valued at $500,000.
Key Highlights
- Jonathan M. Dale appointed President of Avidbank Holdings, Inc. and Avidbank.
- Appointment effective August 3, 2026.
- Mark D. Mordell remains Chairman and CEO, stepping down as President.
- Mr. Dale's annual base salary set at $625,000.
- Eligible for an annual incentive bonus up to 100% of base salary.
- To receive a restricted stock award with a grant-date fair value of $500,000.
- Mr. Dale brings nearly 30 years of banking experience, previously with Umpqua Bank.
Price Impact
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