• Redwood Capital Bancorp
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  • Redwood Capital Bank Announces Promotion of Ferndale Native, Jennifer Budwig
    Company Release - 09/17/2008 09:00


    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.

    Source: Redwood Capital Bancorp

    Contact: Redwood Capital Bank Fred Moore, CFO, 707-444-9840