Redwood Capital Bancorp Announces Appointment of Jennifer P. Budwig, Senior Vice President and Chief Operating Officer to Board of Directors

Core Viewpoint - Redwood Capital Bancorp has appointed Jennifer P. Budwig to the Boards of Directors of both the Company and Redwood Capital Bank, effective January 21, 2026, reflecting the organization's commitment to strong leadership and succession planning [1][5]. Group 1: Leadership Appointment - Jennifer P. Budwig has been with Redwood Capital Bank since July 24, 2006, and has held various positions, demonstrating operational expertise and strategic insight [2][3]. - Budwig has served as Senior Vice President and Chief Operating Officer since November 20, 2024, overseeing critical operational functions and supporting long-term growth [3][4]. - The Board of Directors expressed strong confidence in Budwig's leadership and operational expertise, highlighting her respect within the organization [5]. Group 2: Future Leadership Transition - The Board anticipates that Budwig will transition into the role of President in the second quarter of 2026, while John E. Dalby will continue as Chief Executive Officer [5]. - In her future role, Budwig will assist in developing the Bank's strategic objectives and remain actively involved in community service [5][6]. - Dalby will oversee the overall performance of the Bank and provide mentorship and guidance to ensure the execution of the Company's mission and strategic initiatives [6].