Avidbank Holdings, Inc. (AVBH) — Annual Report

Key Insights

• Avidbank's Board of Directors actively oversees cybersecurity risk as part of its overall risk governance responsibilities, with management providing regular updates on assessments, testing, initiatives, and emerging threats.
• The Chief Technology Officer and Information Security Officer are responsible for day-to-day cybersecurity program management, including implementing controls, managing risks, and reporting to executive leadership and the Board.
• The bank's securities portfolio is diversified across US government agencies, commercial and residential mortgage-backed securities, and state/municipal debt, with a significant portion (over $25 million) invested in securities purchased with IPO proceeds.