The Board of Directors of Redwood Capital Bancorp declared a quarterly cash dividend of $0.07 per share, payable on November 13, 2018, to shareholders of record at the close of business on October 29, 2018.

Redwood Capital Bancorp announced the promotion of Renee Byers from Senior Vice President/Interim Chief Financial Officer to Senior Vice President/Chief Financial Officer. She has been with Redwood Capital Bank since 2008 and has more than 25 years of financial industry experience. Additionally, the company announced the promotion of Michael McCoy to Senior Vice President/Risk Manager and David Tierney to Senior Vice President/IT Director. Both Michael and Dave have been with Redwood Capital Bank since 2006. Tammy Brown, SVP/Chief Credit Officer, Jennifer Budwig, SVP/Chief Lending Officer.