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Benjamin A. McWhorter, II, Joins the Redwood Capital Bancorp Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Redwood Capital Bancorp (OTCQB:RWCB) announced the appointment of Benjamin A. McWhorter, II to its Board of Directors, effective August 17, 2022. McWhorter, a Humboldt County native, is recognized for his community involvement and business acumen as a part-owner of Sequoia LP Gas Company. CEO John Dalby expressed optimism about McWhorter's contribution to the bank's mission of providing exceptional community banking services. Redwood Capital Bancorp emphasizes its commitment to serving Humboldt County, where it is the only locally owned community bank.
Positive
Appointment of a new board member may bring fresh perspectives.
Ben McWhorter's local community involvement can strengthen ties with customers.
Negative
Concerns regarding the continuity and experience of the new board member in the banking sector.
EUREKA, Calif.--(BUSINESS WIRE)--
On August 25, 2022, REDWOOD CAPITAL BANCORP (OTCQB:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced the appointment of Benjamin “Ben” A. McWhorter, II, to the Board of Directors, effective August 17, 2022.
John Dalby, President and CEO remarked, “The Board of Directors, senior management and staff are extremely pleased to welcome Ben McWhorter to the Board of Directors. Mr. McWhorter brings youth, vitality, commitment and experience to the Board of Directors. Ben has demonstrated his love for this community through his family-owned business and his volunteer work. Ben will be a tremendous asset as we further our mission to provide exceptional community banking services in Humboldt County.”
Ben McWhorter stated, “I am honored to be selected to serve on the Board of Directors and look forward to being a part of a strong community based bank.”
Ben McWhorter is a Humboldt County native. He graduated from Cal Poly University, San Luis Obispo where he received a Bachelor of Science in Agriculture Science in 2002. Following graduation, he attended Chico State University obtaining a teaching credential. Mr. McWhorter taught Agriculture Education for seven years at Ferndale High School. Currently, Mr. McWhorter is a part-owner in Sequoia Lp Gas Company, a family business since 1941. Mr. McWhorter’s civic involvement includes, past President of the Redwood Memorial Hospital Foundation, past Chairman of the Western Propane Gas Association, Fortuna Rodeo Association Director, Fortuna Junior Rodeo President, Humboldt County Aviation Advisory Committee and Humboldt County Fair Junior Livestock Auction Board. Ben is involved with the Fortuna Chamber of Commerce and enjoys coaching youth sports. He is a fourth generation resident of Humboldt County. Ben and his wife, Sarah, live in Fortuna and have two sons.
For more information regarding Redwood Capital Bancorp, please visit our website at www.redwoodcapitalbank.com, contact John E. Dalby, President and CEO, at (707) 444-9833, or stop by our headquarters and main office at 402 “G” Street, Eureka, California 95501. Redwood Capital Bancorp (OTCQB:RWCB) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.
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 differmaterially 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.
Who is the new board member appointed at Redwood Capital Bancorp?
Benjamin A. McWhorter, II was appointed as a board member effective August 17, 2022.
What is the background of Benjamin McWhorter?
Ben McWhorter has experience in community business and civic roles; he’s part-owner of Sequoia LP Gas Company and has previously taught Agriculture Education.
What impact may Benjamin McWhorter's appointment have on RWCB?
His local community involvement and business experience could enhance the bank's service and outreach.
When was the announcement of McWhorter's appointment made?
The announcement was made on August 25, 2022.
What is the stock symbol for Redwood Capital Bancorp?
The stock symbol for Redwood Capital Bancorp is RWCB, trading on the OTCQB.
