Business Briefs | Cal Poly Group Announces Grants; Redwood Capital Announces Quarterly Results – Times-Standard

Announcement of Cal Poly Humboldt Scholarship Winners

Cal Poly Humboldt Emeritus and Retired Faculty and Staff Association has announced the winners of small scholarships supporting professional development.

Winners include:

  • Sintana E. Vergara, Assistant Professor of Environmental Resource Engineering, received funding for “A Drop in the Bucket? Greenhouse Gas Emissions from Stored Food Waste Prior to Composting » Prize will go towards the purchase of a Valco Flowpath Selector1 to measure emissions from 16 different sources.
  • Silvia E. Pavan, Assistant Professor, Department of Biological Sciences, has received funding for the conservation and installation of Timothy Lawlor’s Peromyscine Legacy Collection at Cal Poly’s Vertebrate Museum.
  • Rouhollah Aghasaleh, Assistant Professor, School of Education, received funding for “COmmunity REsponsive Computational Thinking with Latinx Youth (CORECTLY): Taking Teacher Education to Rural Areas” by connecting trainee teachers and young Latinos through culture-appropriate learning, language and community experiences.
  • Lecturer in Education Amy K. Conley received funding for “Translanguaging in K-12 Public Schools” by bringing Yurok, Hupa, Karuk, and Spanish into Trinity Valley Elementary classrooms to greet students with local animal names.
  • Stefanie Israel De Souza, Assistant Professor, Sociology, Criminology, and Justice Studies, received funding to investigate the “Comparative War on Drugs” to place the United States’ War on Drugs in a comparative perspective by examining the forms and consequences of drug wars in other countries. .
  • Toyon staff member and speaker Marcos Hernandez has received funding for the “Toyon Volume 69 Literary Translation Project”. The price only covers the printing costs.

Redwood Capital announces its results

Redwood Capital Bancorp this week announced unaudited financial results for the quarter ending March 31.

Total assets as of March 31 were $579.5 million, an increase of 6% over the same period last year. The company also reported reduced unearned net income to $337.1 million as of March 31, down 7% from the same quarter last year. The reduction was attributed to the cancellation of PPP loans, the company said in a press release.

Net interest income for the quarter ending March 31 totaled $3.5 million, down from $3.9 million reported for the three months ending March 2021. The company said a net income after tax in the first quarter of 2022 of $823,000. As of March 31, the company’s book value had increased 1% to $19.06 per common share from the three months ended March 31, 2021.

The company also announced that Redwood Capital Bank has received the distinction of being one of California’s top performing banks by The Findley Reports and the five-star designation from Bauer Financial, Inc. The designations are the highest ratings available. with businesses.

In addition, the board declared a quarterly cash dividend of $0.07 per share, payable May 10 to shareholders of record at the close of business April 25. The annualized dividend of $0.28 combined with the appreciation in tangible book value from March 31, 2021 to March 31, 2022 was 2.76%. RWCB’s market value was $22.60 per share as of the close of business on March 31, 2022.

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