On May 14, 2026, Redwood Captial Bancorp, the only locally owned and operated community bank holding company in Humboldt County, announced the completion of a planned leadership transition.
Effective May 14, 2026, Jennifer P. Budwig has assumed the role of President of Redwood Capital Bank and Redwood Capital Bancorp, while John E. Dalby, the bank’s founding President and Chief Executive Officer, continues in the role of Chief Executive Officer.
Ms. Budwig joined Redwood Capital Bank in 2006 and has served in a variety of leadership roles, most recently as Senior Vice President and Chief Operating Officer. She brings extensive operational experience, strategic insight and a deep understanding of the bank’s mission, culture and community-focused operations. As President, Ms. Budwig will oversee the strategic direction and day-to-day management of the bank and assist in developing long-term strategic objectives.
In his role as Chief Executive Officer, Mr. Dalby will continue to oversee the overall operations and performance of Redwood Capital Bank and Redwood Capital Bancorp, provide executive supervision of senior management, support the Boards of Directors in governance oversight and offer mentorship and strategic guidance to executive leadership.
John E. Dalby, Chief Executive Officer stated, “This transition reflects five years of thoughtful planning and leadership development. Jennifer’s experience, judgment and commitment to our community make her exceptionally well suited to lead the bank into its next chapter.”
Board Chairman J. William McAuley added, “The Board of Directors is confident that this planned transition positions Redwood Capital Bank for long-term success. Jennifer Budwig’s leadership, operational expertise and deep knowledge of the bank make her well-prepared to serve as President.”
President, Jennifer Budwig stated, “I am truly honored to step into the role of President of Redwood Capital Bank and Redwood Capital Bancorp. Having spent more than 30 years in banking – and nearly two decades here at Redwood Capital Bank, this moment is both humbling and deeply meaningful to me. This is not just a new chapter in my career, but a continuation of the work I care so deeply about: serving our customers, supporting our community and working alongside an incredible team. I look forward to continuing to build on our strong foundation while staying true to the values that have guided us since 2004.”