Redwood Capital Bank Named "Best Bank to Work For" in California for 2014

EUREKA, Calif., Nov. 3, 2014 (GLOBE NEWSWIRE) -- On October 31, 2014, Redwood Capital Bank, a wholly-owned subsidiary of Redwood Capital Bancorp (RWCB.OB) announced that it has been named the "Best Bank to Work For" in California by American Banker Magazine.



In all, 40 banks from across the country achieved "Best Bank" status. Redwood Capital Bank was ranked nationally #8 overall and was the highest ranking California bank to make the list. The complete "Best Banks to Work For" list is featured in the November issue of American Banker Magazine and is available online at www.AmericanBanker.com.

Dr. John E. Burke, Chairman of the Board of Directors stated, "On behalf of the Redwood Capital Bank Board of Directors, we are very honored to be recognized as the 'Best Bank to Work For' in California. This recognition directly reflects the level of quality and commitment from the company's Board of Directors, management and staff. The well-being of our employees is paramount to the service that we provide our customers – the two go hand-in-hand."

Last spring, Redwood Capital Bank staff participated in a voluntary survey aimed at assessing the experiences and attitudes of individual employees with respect to the workplace. The overwhelming theme from the surveys conveyed the importance of a family atmosphere, community involvement, the feeling of being valued and appreciated and an encouragement to have fun. Favorite staff activities include: Staff In-Service Day, an evening with Santa, Crabs Baseball and staff recognition – also known as "deposits in the love bank."

Chairman Burke added, "We have worked hard to provide a pleasant and trusting workspace and create an environment where our employees can thrive professionally and personally."

The "Best Banks to Work For" program, was initiated in 2013 as a way to recognize and honor the best banks to work for in the nation and is a project of American Banker and Best Companies Group.

For more information regarding Redwood Capital Bank, please visit our website at www.redwoodcapitalbank.com, contact Fred Moore, CFO at (707) 444-9840, or stop by the headquarters and main office at 402 G Street, Eureka, CA 95501.

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 Company is conducting its operations, including the real estate market in California and other factors beyond the Company'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 Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Source:Redwood Capital Bank