Redwood Capital Bank Announces Promotions

On September 27, 2011, REDWOOD CAPITAL BANK, a wholly-owned subsidiary of Redwood Capital Bancorp (RWCB), announced the promotions of Nanette Jones to Vice President/Eureka Branch Manager and Tia Tupper-Brownell to Consumer Loan Manager.

According to John Dalby, President and CEO of Redwood Capital Bank, “It is with great pleasure that I announce the promotion of Nanette Jones from Vice President/Consumer Loan Manager to Vice President/Eureka Branch Manager. Ms. Jones is a highly qualified financial professional who has proven that she is more than capable of managing the variety of activities within the Eureka Branch. Additionally, she has earned the trust and respect of her colleagues and is a natural choice for this position.” Dalby added, “Tia Tupper-Brownell has been promoted from Consumer Loan Specialist to the position of Consumer Loan Manager, overseeing Residential Real Estate and consumer loan activities. Ms. Tupper-Brownell continues to demonstrate her commitment to excellence and to her clients and is very deserving of this advancement.”

Ms. Jones is a Humboldt County native and attended local schools. She has twenty-five years of banking experience with a background that includes consumer lending, residential lending and regulatory compliance. Ms. Jones is one of the founding employees of Redwood Capital Bank. Prior to joining Redwood Capital Bank, Ms. Jones was employed for nine years at Humboldt Bank with four years as manager of their Consumer Loan Center. She and her husband reside in Arcata and have three children.

Ms. Tupper-Brownell was born and raised in the Eel River Valley and also attended local schools. She has been in the banking industry since 1998 and with Redwood Capital Bank since 2006. Prior to her promotion, Ms. Tupper-Brownell served as Redwood Capital Bank’s Consumer Loan Specialist. She and her husband reside in Fortuna.

For more information regarding Redwood Capital Bank, contact Fred Moore at (707) 444-9840, visit the company website at: www.redwoodcapitalbank.com, or stop in to either full service branch located in downtown, Eureka or Strong’s Creek Plaza, Fortuna.

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.

Redwood Capital Bancorp (QX) (USOTC:RWCB)
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