Redwood Capital Bancorp names Jennifer Budwig president

Redwood Capital Bancorp (OTCQX: RWCB) announced Jennifer P. Budwig has been appointed president of both Redwood Capital Bank and Redwood Capital Bancorp, effective May 14, 2026. John E. Dalby will continue as chief executive officer.

Budwig joined Redwood Capital Bank in 2006 and most recently served as senior vice president and chief operating officer. As president, she will oversee strategic direction and day-to-day management of the bank.

Dalby, who founded the bank and previously held both the president and CEO roles, will continue overseeing overall operations and performance while providing executive supervision of senior management and strategic guidance to leadership.

"This transition reflects five years of thoughtful planning and leadership development," Dalby stated. "Jennifer's experience, judgment and commitment to our community make her exceptionally well suited to lead the bank into its next chapter."

Board Chairman J. William McAuley said the board believes the transition positions the bank for long-term success, citing Budwig's leadership and operational expertise.

Budwig noted she has spent more than 30 years in banking, with nearly two decades at Redwood Capital Bank. The Eureka, California-based company describes itself as the only locally owned and operated community bank holding company in Humboldt County.

The information was disclosed in a company press release.

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