Redwood Capital Bancorp announced John E. Dalby, has returned as President and CEO of Redwood Capital Bancorp and its subsidiary, Redwood Capital Bank, following a temporary medical leave of absence.

"I would like to take this opportunity to express my sincere gratitude to the Board of Directors and the entire Redwood Capital Bank team,” Dalby said. “While there are many people to thank, I would like to acknowledge Jennifer Budwig for her leadership as Acting CEO during my leave. Jennifer never wavered in her commitment to the company, our customers, shareholders and staff. She excelled in both her roles as Acting CEO and Chief Lending Officer. In addition, I would like to recognize Redwood Capital Bank’s executive team, including, Renee Byers, Senior Vice President/Chief Financial Officer; Tammy Brown, SVP/Chief Credit Officer; Michael McCoy, SVP/Risk Manager; and Dave Tierney, SVP/IT Director for their abilities to continue to implement the companies’ mission and strategy. Finally, thank you to VP/Executive Assistant Cindy Conn for her dedication and in-depth knowledge during this challenging time. I could not be happier to be home and back to work with this fantastic group of people in this amazing community."

John Gierek, Jr., Board Chairman, added, "The Board of Directors is excited to have the entire management team back together. During Mr. Dalby’s absence, Jennifer Budwig as Acting CEO, led the management team - maintaining the top-notch service our customers have come to expect, as well as continuing our premiere financial performance."

Redwood Capital Bank was founded in 2004 with the support of more than 600 local shareholders. The company launched with 16 founding employees at one branch, located in downtown, Eureka. Over the past 18 years, Redwood Capital Bank has grown to nearly 80 employees at four, full-service branches in Eureka, Fortuna, Arcata and Henderson Center.