Redwood Capital Bank Selects Apiture Digital Banking Platform

EUREKA, CALIFORNIA – On January 10, 2024, Redwood Capital Bank, a community bank serving small businesses, individuals, and families in Humboldt County, California and the wholly-owned subsidiary of Redwood Capital Bancorp, (OTCQX:RWCB), announced the selection of Apiture Digital Banking Platform to power its online and mobile banking solutions.

As a growing number of customers prefer to bank using digital channels, Redwood Capital Bank sought an upgraded digital banking platform to complement the outstanding service it delivers in person, via branch locations and over the telephone. The Apiture Digital Banking Platform will empower the bank to provide a more modern, fully featured digital banking experience through integrations with hundreds of fintech partners and a customer-driven development approach.

John E. Dalby, President and CEO of Redwood Capital Bank commented, “Apiture has garnered significant industry recognition for its features and user interface, which will benefit our customers. Additionally, Apiture’s commitment to service and support aligns with our business values and mission to provide the best service to our customers. This is also a benchmark for our technology partners and we believe Apiture is the best choice to achieve that mission.”

Dave Tierney, SVP/Chief Information Officer for Redwood Capital Bank added, “With Apiture, business and consumer users can look forward to a more robust mobile experience. It will allow people to track and manage their credit scores, provide personal finance management capabilities and many other enhancements. As always, data security is at the forefront of our digital applications and Apiture’s platform will help us deliver these solutions in a secure and reliable environment. We look forward to introducing this to our customers by the end of 2024.”

For more information regarding Redwood Capital Bank, please visit our website at, contact John Dalby, President and CEO at (707) 444-9833, or stop by our headquarters and main office at 402 “G” Street, Eureka, California 95501. Redwood Capital Bancorp (OTCQX:RWCB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real- Time Level 2 quotes for Redwood Capital Bancorp on

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 Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank’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 Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.