Redwood Capital Bancorp Unveils New Stock Buyback Initiative
Stock Repurchase Program Announcement: Redwood Capital Bancorp has authorized a third stock repurchase program for up to $1 million, replacing previous programs and reflecting the company's commitment to shareholder value.
Completion of Previous Programs: The company successfully completed its prior two repurchase programs, acquiring a total of 78,612 shares of common stock.
Program Duration and Conditions: The new repurchase program is effective immediately and will last until February 28, 2026, with the possibility of suspension or modification based on various factors.
Funding and Compliance: The program will be funded primarily through internal resources and dividends from its subsidiary, Redwood Capital Bank, while adhering to federal and state securities laws.
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