Shares of Redwood Empire Bancorp are hot again amid rumors that the Santa Rosa, Calif., company is on the selling block.

Redwood Empire stock rose 9% Friday in heavy trading, to $26.875, and is up 55% since the beginning of the year. Though it retreated somewhat this week, to $25 at midday Wednesday, sources said the $434 million-asset company is a target of two California banks and one from elsewhere.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.