Redwood Capital Bank

What Redwood Capital Bank does

Redwood Capital Bank is a community bank headquartered in Eureka, California, founded in 2004 by John E. Dalby and a group of local investors as Humboldt County's only locally owned and operated community bank holding company. The bank operates four branch locations across Humboldt County (Eureka, Fortuna, Arcata, and Henderson Center) and serves local individuals, families, and small-to-medium businesses with a unified portfolio of personal banking products (checking, savings, CDs, real estate loans, home equity lines, consumer credit cards) and commercial banking products (business checking, savings, money market accounts, commercial lending, SBA Preferred Lender 7A loans, business credit cards). As of Q1 2026, the bank reported total assets of $540.5 million, net loans of $381.7 million, and deposits of $471.7 million, supported by a 10.67% leverage capital ratio.

The bank's revenue model is primarily net interest income derived from the spread between interest earned on loans (real estate, commercial, consumer) and interest paid on deposits, supplemented by transaction-based banking fees from deposit services and debit/credit card programs. The go-to-market motion is community-led: local decision-making by local people, deep community integration, and reliance on awards and word-of-mouth rather than paid advertising. Digital banking is delivered through Apiture's third-party platform with Zelle integration, and physical distribution is augmented by access to over 32,000 surcharge-free ATMs via SUM Switch and MoneyPass networks.

The holding company, Redwood Capital Bancorp, trades on the OTCQX Best Market under ticker RWCB. The bank is a Preferred SBA Lender (designated 2010) and has held the Bauer Financial 5-Star rating and The Findley Reports Super Premier Performing designation for multiple consecutive years. Leadership transitioned in 2026 with Jennifer P. Budwig appointed President effective May 14, 2026, while founder John E. Dalby continues as CEO. The bank has executed consistent share repurchase programs, repurchasing 98,861 shares for $2,575,404 in 2025 entirely below book value.

Name

Redwood Capital Bank

Legal name

Redwood Capital Bank

Website

https://redwoodcapitalbank.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Redwood Capital Bank is a locally owned community bank founded in 2004 in Eureka, California, serving individuals, families, and small businesses across Humboldt County through four branches and digital banking, with $540.5 million in total assets as of Q1 2026.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180), Offices of Bank Holding Companies (551111)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

akta.pro secondary industries

SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)

Keywords

• Community banking services
• Personal banking products
• Commercial lending services
• SBA preferred lending
• Digital banking platforms

Headquarters

HQ city

Eureka

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: The primary revenue driver is the spread between interest earned on loans (real estate, commercial, consumer) and interest paid on deposits. As of Q1 2026, interest income was $6.5 million. Year-end 2025 consolidated net income before taxes was $5.2 million.
2. Banking Fees and Service Charges: Income from checking account services, debit/credit cards, and other banking service fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Redwood Capital Bank is a community bank serving Humboldt County, California, offering personal banking products (checking, savings, CDs, real estate loans, home equity lines, consumer credit cards) and business banking products (commercial lending including SBA Preferred Lender loans, business checking/savings/money market accounts, business credit cards). The bank also provides online and mobile digital banking through the Apiture platform with Zelle integration, supported by four physical branches and access to over 32,000 surcharge-free ATMs.

Product overview

Redwood Capital Bank is a community bank offering a unified portfolio of personal banking, business banking, and digital banking products and services. Personal Banking includes checking, savings, certificates, real estate loans, home equity lines, and credit cards. Business Banking encompasses commercial lending (including SBA Preferred Lender services), business checking/savings, and business credit cards. Digital Banking provides online and mobile access through Apiture's platform, including Zelle® for payments. The bank also provides fraud prevention resources. All products are designed for Humboldt County community service with local decision-making.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking and Debit Cards Personal checking accounts paired with debit cards for individual customers in Humboldt County, supported by hometown, in-person service at branch locations.
• Personal Savings and Certificates of Deposit Savings accounts and certificates of deposit (CDs) for individual customers seeking deposit products with community bank service.
• Real Estate Loans Mortgage and property financing products for Humboldt County residents, including home purchase and refinancing loans.
• Home Equity Lines of Credit Home equity lines of credit allowing personal borrowers to leverage home equity for various financing needs.
• Consumer Credit Cards Consumer credit card products offered to individual customers through a joint marketing arrangement with Texas Independent Bank (TIB).
• Business Checking, Savings and Money Market Accounts Business checking, savings, and money market deposit accounts designed for local businesses in Humboldt County.
• Commercial Lending Complete range of commercial loan products for starting a business, expansion, equipment purchases, and other business financing needs, including SBA 7A loans under the Preferred Lender Program designation received in 2010.
• Business Credit Cards Business credit card products for local businesses, offered through a joint marketing arrangement with Texas Independent Bank (TIB).
• Digital Banking Online and mobile banking platform built on Apiture's digital banking system, providing account access, bill management, mobile deposits, peer-to-peer payments through Zelle, ATM location finder, check imaging, and contact management for personal and business customers.

Quantifiable outcome

• Total assets grew from $255 million (Q1 2014) to $540.5 million (Q1 2026), more than doubling over 12 years
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

One partnership is on record.

• Texas Independent Bank (TIB)minorGTM or Marketing PartnerTexas Independent Bank (TIB) is a joint marketing partner for credit card products. Redwood Capital Bank's privacy policy explicitly lists TIB as the only joint marketing partner, stating that joint marketing includes TIB solely for marketing credit card products.

Scale indicators8 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Mechanics Bank: Northern California community bank focused on small-business and consumer lending with a similar full-service deposit and loan product mix. Highly comparable in commercial/SBA-style relationship banking.
• Bank of the Sierra: California community bank serving small businesses and consumers with comparable deposit, real estate, and commercial loan products. Similar scale and rural/semi-rural California footprint.
• Tri Counties Bank: California-headquartered community bank with a similar mix of personal and small-business banking, comparable asset size class, and a strong regional branch footprint. Closest direct analog in product set and customer profile.
• Westamerica Bancorporation: California-focused community bank holding company serving consumers and small businesses with deposit accounts, loans, and treasury services. Comparable business model, though somewhat larger and more geographically distributed.
• First Northern Bank: Northern California community bank with a comparable mix of personal and small-business banking, similar asset size, and a community-banking GTM model. Strong direct analog for customer base and product breadth.
• North Valley Bank: Small Northern California community bank with a similar deposit-and-loan product mix serving individuals and local businesses. Closely comparable in scale, community-bank positioning, and customer profile.

Broad incumbents

• Banner Bank: Pacific Northwest community bank offering deposit, commercial, real estate, and SBA lending products similar to Redwood Capital's mix. A broader community-bank incumbent with overlapping products but larger scale and footprint.
• Pacific Premier Bancorp: California-based super-community bank with a robust SBA lending program and full-service commercial and consumer banking. A larger incumbent with a directly comparable specialty in SBA lending, useful as a scaled reference point.
• Umpqua Bank: Pacific Northwest super-community bank with full-service personal, small-business, and commercial banking, including SBA lending. Broader incumbent in the same product category, serving as a competitive benchmark on digital and SBA capabilities.
• Columbia Banking System: Pacific Northwest community bank with a full suite of personal and commercial banking products including SBA lending. Broader incumbent with a comparable community-bank playbook but materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC6zsP7YLccwRSDsBqv7CZtg
• Facebookfacebook.com/redwoodcapital
• Instagraminstagram.com/redwoodcapitalbank
• LinkedInlinkedin.com/company/redwood-capital-bank

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Redwood Capital Bank