RWCB Redwood Capital Bancorp (CA) featured news, full reports, and detailed charts
Redwood Capital Bancorp (CA) (RWCB/RWCB.OB) Wrap Up:
Redwood Capital Bancorp operates as the holding company for Redwood Capital Bank, which provides commercial, industrial, agricultural, personal credit, and other banking services in California. The bank offers various deposit products, checking accounts, savings accounts, negotiable order of withdrawal accounts, and money markets accounts, as well as business checking and savings accounts. Its lending products include real estate mortgage and commercial loans, commercial loans, agricultural loans, and installment and other loans to individuals. In addition, the bank provides online banking and merchant banking services. The company was incorporated in 2003 and is headquartered in Eureka, Cal...Redwood Capital Bancorp (CA) (RWCB:OTC Bulletin Board Market)
Snapshot of Redwood Capital Bancorp (CA) (RWCB)
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OPEN
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PREVIOUS CLOSE
$5.10
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/25/08 - $12.00
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52 WEEK LOW
10/21/09 - $4.55
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MARKET CAP
8.4M
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AVERAGE VOLUME 3 mo
213.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
1.7M
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RWCB Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
RWCB Top Compensated Officers
Executives, Board Directors
Key developments for Redwood Capital Bancorp (CA) (RWCB)
Redwood Capital Bancorp (CA) reported earnings results for the third quarter ended September 30, 2009. For the quarter, the company reported interest income was $2,308,000 compared to $2,189,000 for the same period a year ago. Income before taxes was $363,000 compared to loss before taxes of $688,000 for the same period a year ago.
Redwood Capital Bancorp (CA) reported earnings results for the second quarter ended June 30, 2009. Net interest income for the quarter ended June 30, 2009 totaled $1,638 000, up a sharp 17% from the $1,406,000 for the quarter ended June 30, 2008. Net income before loan loss provisions and loan related expenses for the quarter was $554,000, up 26% from the $440,000 reported for the quarter ended June 30, 2008. Net income before provision was $110 million compared to $307 million for the quarter ended June 30, 2008. Loss before taxes for the period was $688 million compared to income before taxes of $186 for the same period last year.
On June 23, 2009, Redwood Capital Bancorp (CA) announced the appointment of James R. Seiler to the Board of Directors of Redwood Capital Bancorp and Redwood Capital Bank, respectively. Mr. Seiler will be joining the existing Board of Directors including John E. Burke, Chairman of the Board, John Gierek Jr., Vice-Chairman of the Board, Russ Britt, Larry DeBeni, Bill McAuley, Craig Perrone, Jack Selvage, Steve Strombeck, and John Dalby who have served on the Board of Directors since inception of the bank.
RWCB Competitors
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Industry Analysis
| Valuation | RWCB | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | 13.1x |
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| TEV/Sales | -- | Not Meaningful |
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RWCB transactions
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| No transactions in the last 6 months. | ||
More Recent News About Redwood Capital Bancorp (CA)
More news for RWCB
Redwood Capital Bancorp Reports Strong Growth and Earnings
Redwood Capital Bancorp Selected Consolidated Financial Results - Unaudited (In Thousands)      Period Ended %  9/30/2009   6/30/2009  Change  Balance Sheet Data (at period end) Total assets $ 190,679 $ 176,320 8% Total deposits 173,953 ...Click here to read the whole Article (external link)