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 recently approved a program under which the Company may repurchase up to $1 million worth of the Company’s outstanding shares of common stock (the “Stock Repurchase Program”).

The Company’s Stock Repurchase Program is effective July 1, 2025 and will remain in effect until September 30, 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 the Stock Repurchase Program are depleted. This is the Company’s first Stock Repurchase Program.

John E. Dalby, President and CEO, stated, “The Stock Repurchase Program reflects the Board of Directors’ commitment to enhancing shareholder value. The Stock Repurchase Program is reflective of the Company’s strong capital position, liquidity for our shareholder base and the long-term value of our Company.”

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 the 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.

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