FORTUNA, Calif.--(Business Wire)--
On September 17, 2008, REDWOOD CAPITAL BANCORP (OTCBB:RWCB)
proudly announced the promotion of Ferndale native, Jennifer Budwig as
Regional Manager of the Eel River Valley for Redwood Capital Bank, its
wholly-owned subsidiary. Jennifer Budwig will maintain her office at
the Redwood Capital Bank Fortuna Branch with the responsibility of
serving the communities of the Eel River Valley. Ms. Budwig has
personal knowledge of the Eel River Valley marketplace and brings
extensive experience and expertise in commercial, agricultural and
government guaranteed lending (with a focus on SBA lending), business
development, and deposit-based products.
According to John Dalby, President and CEO of Redwood Capital
Bank, "Jennifer Budwig is a highly qualified financial professional
and has proven herself to be one of the best small business bankers in
Humboldt County. Ms. Budwig continues to demonstrate her commitment to
excellence, the local community and her clients. She possesses two
very important traits that make her a successful banker, first, the
passion to see her clients succeed; and, second, the ability to
understand her clients needs and provide prompt, proactive and
professional service to help them achieve their goals. Redwood Capital
Bank is committed to the Eel River Valley community and the addition
of Jennifer Budwig to our Fortuna Branch is evidence of that
commitment."
Jennifer Budwig was recently honored by the State Assistance Fund
for Enterprise, Business and Industrial Development Corporation for
her outstanding support of the California Small Business Loan
Guarantee Program where her contribution helped to ensure the success
of many small businesses. This achievement was recognized by
legislative proclamation and signed by Governor Arnold Schwarzenegger.
Ms. Budwig is the only banker in Humboldt County to receive this
honor.
Jennifer Budwig stated, "Being raised in Ferndale and having seven
years of previous banking experience in Fortuna has provided me with a
wonderful opportunity to understand the diversity of the different
communities within the Eel River Valley. I am excited about joining
the Fortuna Branch team and again serving these communities."
Ms. Budwig is Chairperson of the Redwood Regional Economic
Development Commission (RREDC) Loan Committee. She currently serves on
the board of directors for the Eureka Rotary Club, the Greater Eureka
Chamber of Commerce, Humboldt County Chapter of the American Red
Cross, the McLean Foundation, and the Small Business Development
Center. She is also a member of the Humboldt State University Business
Advisory Council, the Humboldt County Fair Junior Livestock Auction
Committee, and serves as a judge on the Young Entrepreneur's Business
Challenge.
For more information regarding Redwood Capital Bank, please visit
our website at www.rdwo.com, contact Fred Moore, CFO, at (707)
444-9840, or stop by our headquarters and main office at 402 "G"
Street, Eureka, California.
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 Bank
Fred Moore, CFO, 707-444-9840
Copyright Business Wire 2008
