Keith Jensen Joins Avidbank Holdings, Inc. Board of Directors

Rhea-AI Summary

Avidbank Holdings (NASDAQ:AVBH) announced on March 11, 2026 that Keith Jensen joined its Board of Directors. Mr. Jensen is a four‑decade corporate finance veteran and former CFO with experience at Fortinet and other public and private technology companies.

His background includes equity and debt financings, multinational operations, ERP and SOX implementations, and integration of acquisitions, which the company says will support Avidbank's growth and client-focused strategy.

Positive

• Appointed a four‑decade corporate finance veteran to the board
• Adds former Fortinet CFO experience, strengthening cybersecurity and tech finance insight
• Brings documented expertise in equity and debt financings and acquisitions integration

Negative

• None.

News Market Reaction – AVBH

-1.82%

-1.82% Session close to close

In the Mar 11 session, AVBH declined 1.82%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SAN JOSE, CA / ACCESS Newswire / March 11, 2026 / Avidbank Holdings, Inc. (NASDAQ:AVBH), the holding company for Avidbank, a state-chartered bank, is pleased to announce that Keith Jensen has joined the Board of Directors. Mr. Jensen is a four-decade veteran of corporate finance and is a seasoned public and private company CFO with extensive experience in the technology sector.

Mr. Jensen has a proven track record of driving profitability and growth in organizations ranging from VC-backed startups to enterprises exceeding $5 Billion in revenue with his most recent experience being Chief Financial Officer with Fortinet, a world leader in cyber security.

Mr. Jensen's expertise spans corporate governance, regulatory compliance, and strategic capital raising, having completed numerous equity and debt financing rounds. He is highly skilled in multinational operations, including global IT, tax, and manufacturing and has successfully integrated multiple acquisitions while implementing robust ERP and SOX frameworks.

"Keith's long and diverse expertise in technology, finance and public company experience will be accretive to Avidbank's mission going forward," stated Mark D. Mordell, Chairman and CEO. "We are pleased to have him join our board."

"I'm honored to join Avidbank's Board and look forward to working alongside the leadership team to support the Bank's growth and client success by ensuring they receive the high‑touch, personalized service and innovative strategies that set Avidbank apart," Mr. Jensen remarked.

About Avidbank

Avidbank Holdings, Inc. (NASDAQ:AVBH), headquartered in San Jose, California, offers innovative financial solutions and services. We specialize in commercial & industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, fund finance, and real estate construction and commercial real estate lending. Avidbank provides a different approach to banking. We do what we say.

Contact:

Patrick Oakes
Executive Vice President and Chief Financial Officer
408-200-7390
IR@avidbank.com

SOURCE: Avidbank Holdings, Inc.

View the original press release on ACCESS Newswire

FAQ

Who is Keith Jensen and why did Avidbank (AVBH) add him to the board on March 11, 2026?

He is a four‑decade corporate finance veteran and former public company CFO. According to Avidbank, his experience in finance, governance, ERP and SOX will support the bank's growth and client service strategy.

What specific experience does Keith Jensen bring to Avidbank (AVBH)?

Jensen brings CFO experience at large technology firms including Fortinet and work with enterprises over $5 billion in revenue. According to Avidbank, he has led equity and debt financings, multinational operations, and acquisition integrations.

How might Keith Jensen's appointment affect Avidbank's (AVBH) capital strategy?

It may strengthen the bank's capability in strategic capital raising and financial governance. According to Avidbank, Jensen has completed numerous equity and debt financing rounds and can advise on capital and regulatory matters.

Does Keith Jensen's background include regulatory compliance relevant to Avidbank (AVBH)?

Yes, he has experience in corporate governance and regulatory compliance, including SOX frameworks. According to Avidbank, Jensen's expertise covers compliance and implementation of ERP and SOX controls across multinational operations.

Who commented on Keith Jensen joining Avidbank's (AVBH) board and what was said?

Chairman and CEO Mark Mordell welcomed Jensen and said his technology and public company experience will be accretive to Avidbank's mission. According to Avidbank, Jensen also expressed enthusiasm to support the bank's growth and client success.