Redwood Capital Bancorp (RWCB) Announces $1M Share Buyback

REDWOOD CAPITAL BANCORP (the “Company”) (OTCQX: RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced that its Board of Directors recently approved a program under which the Company may repurchase up to $1 million worth of the Company’s outstanding shares of common stock (the “Stock Repurchase Program”).

The Company’s Stock Repurchase Program is effective July 1, 2025 and will remain in effect until September 30, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board of Directors, or when the $1 million designated for the Stock Repurchase Program are depleted. This is the Company’s first Stock Repurchase Program.

John E. Dalby, President and CEO, stated, “The Stock Repurchase Program reflects the Board of Directors’ commitment to enhancing shareholder value. The Stock Repurchase Program is reflective of the Company’s strong capital position, liquidity for our shareholder base and the long-term value of our Company.”

Shares may be repurchased in open market or private transactions and will be conducted pursuant to any trading plan that may be adopted in accordance with limitations set forth in Rule 10b5-1 promulgated by the Securities and Exchange Commission. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.

Funding for the Stock Repurchase Program will primarily come from the Company’s existing internal funds, with additional support from dividends received from Redwood Capital Bank (the “Bank”), the Company’s wholly owned subsidiary, as needed. The implementation of the repurchase will also adhere to all relevant federal and state securities laws, thereby ensuring compliance with the regulatory framework.

For further information, please contact our market maker responsible for this 10b5-1 Stock Repurchase Program:

Joey Warmenhoven, CEO
JWTT, Inc.
Office: (971) 323-0700

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