Redwood Capital Bank Again Recognized as a California Super Premier Performing Bank; Company Also Attains Coveted Bauer Five Star Rating


EUREKA, Calif., April 3, 2012 (GLOBE NEWSWIRE) -- On April 3, 2012, Redwood Capital Bank, a wholly-owned subsidiary of Redwood Capital Bancorp (OTCBB:RWCB) announced that it has garnered two prestigious awards for its 2011 financial performance. The bank has again been awarded the prestigious distinction of being one of California's Super Premier Performing Banks by The Findley Report. The Company also announced that the bank has received the coveted Five Star rating from Bauer Financial, Inc., the highest rating available from one of the nation's most well-known and respected bank rating firms.

The rating of Super Premier Performance is the highest designation possible for California community banks to receive and places the bank as a quality leader in the banking industry. In order for the bank to receive the Super Premier Performing Bank rating, the bank must first qualify as an "A" Quality Bank. The "A" Quality designation is based upon a number of performance metrics, including the bank's profitability, capital resources, liquidity, loan quality, consistency of performance and management stability. These metrics provide The Findley Group with the basis to rate Redwood Capital Bank among the best in their field, thus providing both the depositors and investors with assurance about the operating strength on the bank. For more information on The Findley Reports, please visit www.findley-reports.com.

"High performance and well-managed banks like Redwood Capital are the cornerstone of the financial services industry," stated Gary Steven Findley, President of The Findley Reports. "In spite of very challenging economic and industry constraints, Redwood Capital Bank again outperformed the substantial majority of its peers. Only 35 banks out of 230 in the state were designated as Super Premier Performing in 2011. Likewise, we commend the Board, management and staff of the bank for their outstanding financial performance in 2011 and encourage them to continue their strong performance for many years to come," added Mr. Findley.

Likewise, Bauer Financial has been evaluating and reporting on the performance of banks and credit unions nationwide since 1983. Financial data used in determining the ratings is derived from banking Call Report data as reported to federal regulators. Among the criteria Bauer Financial uses to determine a particular bank's rating is capital strength, liquidity, profitability and loss trends, the level of delinquent loans, market value versus book value of the investment portfolio, regulatory supervisory agreements and Community Reinvestment Act (CRA) ratings, which in Redwood Capital Bank's case has always been Outstanding. Such data is analyzed quarterly and compared with historical data for consistency. For more information on Bauer Financial star ratings, please visit their website at www.bauerfinancial.com.

"We are sincerely honored to be recognized by two extremely prestigious organizations like The Findley Reports and Bauer Financial, especially in light of the much publicized challenges facing our industry these past few years," remarked President and CEO John E. Dalby. "These distinctions are another demonstration of Redwood Capital Bank's financial strength and security. Our success wouldn't be possible without consistent community support, strong management, our engaged Board of Directors and dedicated employees. As Humboldt County's only community bank, it is imperative that we serve the community as an economic foundation. We do not take this commitment lightly and look forward to many successful years ahead," concluded Dalby.

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 our headquarters and main office at 402 "G" Street, Eureka, California.

The Redwood Capital Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11452

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.



            

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