On September 9, 2011, REDWOOD CAPITAL BANK, a wholly-owned subsidiary of Redwood Capital Bancorp (RWCB), announced the successful completion and graduation of Jennifer Budwig and Michael McCoy from the prestigious Pacific Coast Banking School in Seattle, Washington.

Ms. Budwig graduated with honors in the top ten percent of the 2011 graduating class. Additionally, her final management paper received honors and was ranked in the top ten percent of the class. Ms. Budwig’s paper will be published in the school’s library in their permanent collection.

According to John Dalby, President and CEO of Redwood Capital Bank, “Everyone at Redwood Capital Bank is extremely proud of Jennifer and Michael’s achievements at Pacific Coast Banking School. Their hard work and dedication are indicative of their commitment to offer the very best service and knowledge to our valued customers and to the Humboldt County banking community.”

Since 1938, Pacific Coast Banking School has partnered with the University of Washington Graduate School of Business to help over 10,000 bankers “rise above the rest” by providing outstanding graduate-level executive leadership and financial management education. Instruction takes place during a two-week resident session over three consecutive summers, along with comprehensive study between the summer sessions.

Ms. Budwig was born and raised in Ferndale, California and graduated from Humboldt State University in 1989 with a degree in Business Management. She is the Regional Manager of the Eel River Valley with her main office located at the Redwood Capital Bank Fortuna Branch. Ms. Budwig has over twenty years of banking experience and has been with the bank since 2006.

Dr. McCoy was the former Compliance Officer for Humboldt Bank from 1998 to 2004. He holds the designation of Certified Regulatory Compliance Manager. Dr. McCoy is the Vice President/Risk Manager at Redwood Capital Bank and has been with the company since 2006.

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.

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