Welcome to our dedicated page for Redwood Captl news (Ticker: RWCB), a resource for investors and traders seeking the latest updates and insights on Redwood Captl stock.
Redwood Captl (RWCB) delivers tailored banking solutions through commercial/retail services and technology-driven innovation. This news hub provides investors and analysts with timely updates on the financial institution’s strategic initiatives, operational milestones, and market positioning.
Access verified press releases and financial reports covering earnings announcements, leadership changes, regulatory compliance updates, and partnership developments. Our curated collection simplifies tracking RWCB’s performance in areas like digital banking expansion, risk management protocols, and customer relationship strategies.
Key updates include capital adequacy improvements, liquidity management practices, and technological advancements in financial services. Bookmark this page to monitor how Redwood Captl balances traditional banking expertise with modern operational efficiencies in a competitive sector.
Redwood Capital Bancorp (OTCQB:RWCB) announced its unaudited financial results for the three and nine months ended September 30, 2022. Total assets reached $553.7 million, while total deposits slightly increased to $507.3 million. Net interest income for the three months totaled $4.66 million, marking a 13% rise from the previous quarter. The company reported a net income of $4.08 million for the first nine months of 2022. In light of strong performance, the quarterly dividend was raised from $0.07 to $0.08 per share, effective November 14, 2022.
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.
Redwood Capital Bancorp (RWCB) reported strong financial results for Q2 2022, with net income rising 86% to
On June 22, 2022,
On May 19, 2022, Redwood Capital Bancorp (OTCQB:RWCB) held its Annual Meeting of Shareholders on May 18, 2022, where two key items were approved. The board members were re-elected, maintaining all nine current members. Additionally, Richardson & Company, LLP was appointed as the independent public accountants for 2022. The meeting saw over 70% of RWCB shares voted. Total assets increased to $579.5 million as of March 31, 2022, up 6% from the previous year. The board also declared a quarterly cash dividend of $0.07 per share, payable on May 10, 2022.
Redwood Capital Bancorp (RWCB) announced its unaudited financial results for Q1 2022, reporting net income of
Redwood Capital Bancorp (OTCQB:RWCB) reported record earnings and loan growth for the year ending December 31, 2021. Total assets rose to $595 million, with total deposits increasing to $542 million, marking a 21% rise from the previous year. The bank processed 975 loans through the PPP, disbursing $104 million to stimulate the local economy. Net income for 2021 reached $5,592,000, a 27% increase from 2020. A quarterly cash dividend of $0.07 per share was declared, payable on February 16, 2022, reflecting a 1.36% annual yield based on year-end market price.
Redwood Capital Bancorp (OTCQB:RWCB) reported significant growth in its unaudited financial results for the three and nine months ending September 30, 2021. Total assets reached $589.3 million, a 20% increase year-over-year. Total deposits also rose by 20% to $536.4 million. Net income for the first nine months of 2021 was $4.3 million, up from $2.8 million in 2020. The bank was named the top SBA lender in Humboldt County, processing 32% of all SBA loans. A quarterly cash dividend of $0.07 per share was declared, reflecting a 1.41% yield based on the current stock price.
On September 28, 2021, Redwood Capital Bancorp (OTCQB:RWCB) announced that its President and CEO, John E. Dalby, will take a temporary medical leave of absence starting October 1, 2021 for health reasons unrelated to COVID-19. His leave is expected to last until the end of 2021. Despite his absence, Dalby will continue to monitor the company's operations as feasible, while the executive management team will oversee daily operations. The Board of Directors supports Dalby’s decision, affirming confidence in the management team to maintain company strategy.
Redwood Capital Bancorp (OTCQB:RWCB) has appointed Tyrone Champ to its Board of Directors. Champ, a Certified Public Accountant and community-focused individual, brings significant local economic insight and experience. President and CEO John Dalby expressed excitement about Champ's appointment, citing his commitment to Humboldt County. Champ has a local accounting background and has been actively involved in community service. His familiarity with the bank spans over 15 years, including his prior role as a financial auditor for the institution.
