PRESS RELEASE – June 2, 2014
EUREKA, CALIFORNIA – On June 2, 2014, REDWOOD CAPITAL BANCORP (RWCB.OB), Humboldt County’s only locally owned and operated community bank holding company, announced that Redwood Capital Bank has been recognized as a “Super Premier Performing” bank by The Findley Reports, a publication that provides a comprehensive analysis and evaluation of California’s banking industry.
When ranking Redwood Capital Bank as “Super Premier Performing”, The Findley Report took into consideration Redwood Capital Bank’s elite ranking for total deposits, average total assets, net loan losses and other valuable financial information. This is the third time in the bank’s 10-year history to be listed as a “Super Premier Performing” bank. Other designations include: “Premier Performing” and “Commendable Performing.” Redwood Capital Bank has been included in The Findley Reports for eight consecutive years.
John Dalby, President and CEO of the company remarked, “We are honored to receive this accolade from such a prestigious publication. It further solidifies Redwood Capital Bank’s position as an industry leader. Since 2004, our Humboldt County based bank has met the community’s need for a truly local community bank offering North Coast businesses, individuals and families a relationship-based banking experience.”
For more information on The Findley Reports, please visit: www.findley-reports.com. For more information regarding Redwood Capital Bank, please visit our website at www.redwoodcapitalbank.com, contact Fred Moore, CFO, at (707) 444-9840, or stop by our headquarters and main office at 402 “G” Street, Eureka, California 95501.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.