1. RWCB announces a $1 million stock repurchase program. 2. This replaces a previous program that repurchased 42,380 shares. 3. CEO highlights confidence in financial strength and profitability. 4. Program effective immediately, ends by December 2025 if not extended. 5. Funding comes from internal funds and dividends from Redwood Capital Bank.
Share repurchase initiatives often signal confidence in the company's value, historically leading to price increases for firms like RWCB. Past examples include companies such as Apple, which saw stock appreciation following repurchase announcements.
The authorized repurchase program is a strategic move indicating strong financial health and commitment to shareholders, directly impacting investor perception.
The immediate execution of the buyback program is likely to affect stock price in the short run. Typically, buybacks stimulate demand and can influence stock prices significantly within weeks to months.
On September 22, 2025, REDWOOD CAPITAL BANCORP (the "Company") (OTCQX:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced that its Board of Directors has authorized a second stock repurchase program for up to $1 million of its common stock. This new authorization, which replaces the Company's prior repurchase program, demonstrates the Company's continued commitment to delivering long-term value to its shareholders.
The Board of Directors authorized this second repurchase program after successfully completing the previous one, in which the Company repurchased 42,380 shares of common stock.
The Company's second stock repurchase program is effective immediately and will remain in effect until December 31,2025, subject to the earlier termination or extension of the stock repurchase program by the Board of Directors, or when the $1 million designated for this stock repurchase program are depleted.
John E. Dalby, President and CEO, stated, "Following the success of the first stock repurchase program earlier this year, we believe this new authorization reflects our confidence in the Company's financial strength and long-term profitability while reaffirming our ongoing commitment to enhancing shareholder value."
Shares may be repurchased in open market or private transactions and will be conducted pursuant to any trading plan that may be adopted in accordance with limitations set forth in Rule 10b5-1 promulgated by the Securities and Exchange Commission. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.
Funding for this Stock Repurchase Program will primarily come from the Company's existing internal funds, with additional support from dividends received from Redwood Capital Bank (the "Bank"), the Company's wholly owned subsidiary, as needed. The implementation of the repurchase will also adhere to all relevant federal and state securities laws, thereby ensuring compliance with the regulatory framework.
For further information, please contact our market maker responsible for this 10b5-1 Stock Repurchase Program:
Joey Warmenhoven, CEO
JWTT, Inc.
Office: (971) 323-0700
For more information regarding Redwood Capital Bancorp, please visit our website at www.redwoodcapitalbank.com, contact Renee Byers, CFO, at (707) 444-9849, or stop by our headquarters and main office at 402 "G" Street, Eureka, CA 95501. Redwood Capital Bancorp (OTCQX:RWCB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes 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 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250922637645/en/
Renee Byers, CFO
(707) 444-9849
Joey Warmenhoven, CEO
JWTT, Inc.
Office: (971) 323-0700