“Since we opened our doors in March, 2004, we have never wavered from our commitment to be the best full-service bank on the North Coast.” John Dalby, President/CEO, Redwood Capital Bank
In March, 2003, Redwood Capital Bank filed its application for charter with the FDIC. This was the first significant step in the process of establishing a community bank in Humboldt County. That June, the bank’s Board of Directors hosted a groundbreaking ceremony at the corner of 4th and G Streets in downtown, Eureka, formerly known as Daly’s Department Store and the soon to be home of Redwood Capital Bank. The bank was capitalized in January, 2004 through the sale of stock to 600 local individuals. The company was thrilled with the community’s response to the offering and by the excitement surrounding the bank. In March 2004, Redwood Capital Bank opened its doors and has not looked back. In 2007, Redwood Capital Bank expanded into the Eel River Valley market by adding a second branch in Fortuna. This expansion furthered the company’s mission to provide the community a local alternative to existing area banks. 2014 was a celebratory year for Redwood Capital Bank. In March, the company marked ten years in business, followed in July with the highly-anticipated opening of a third branch in Arcata. In November, Redwood Capital Bank was recognized as the “Best Bank to Work for” in California and rated #8 nationally by American Banker Magazine. Today, Redwood Capital Bank has grown to more than $280 million in assets and remains proud to be the local choice for banking and lending in Humboldt County.
Photos taken by Gary Todoroff