SANTA ROSA, Calif. - Redwood Empire Bancorp, reeling from rising interest rates and a highly competitive mortgage market, reported a net loss for the fourth quarter of $3.74 million, or $1.45 a share.

Included in the results was a nonrecurring charge of $1.59 million pretax for additional restructuring of the company's mortgage operations, which began in the third quarter of 1994.

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