Barry Sloane Archives

Newtek Bank Hires Merritt as Chief Operating Officer of Digital Banking Operations

NewtekOne and its bank subsidiary, Newtek Bank, hired Jennifer Merritt as chief operating officer of digital banking operations. Merritt joined Newtek Bank with more than a decade of banking experience with specific focuses on digital banking and banking product development. Most recently, Merritt was senior vice president and strategic operations lead at Live Oak Bank.

Newtek Receives Approval From the OCC to Acquire National Bank of New York City

Newtek Business Services received conditional approval from Office of the Comptroller of the Currency (OCC) to complete its acquisition of the National Bank of New York City (NBNYC).

December 2, 2022 Barry Sloane | National Bank of New York City | Newtek Business Services Ian Koplin

Newtek Business Services Acquires National Bank of New York City

Newtek Business Services, an internally managed business development company, entered into an agreement to acquire National Bank of New York City for $20 million in cash. The acquisition is part of a plan to reposition Newtek as a bank holding company.

Newtek Business Lending Closes $100MM Credit Facility with Deutsche Bank

Newtek Business Lending, a portfolio company of Newtek Business Services that originates and funds SBA 504 loans, closed a $100 million credit facility with Deutsche Bank. The facility will be used to fund SBA 504 loans and has an initial two-year term.

March 23, 2021 Barry Sloane | Deutsche Bank | Newtek Business Lending | Newtek Business Services Phil Neuffer

Newtek Signs LOI for New $75MM SBA Facility with Capital One

Newtek Business Services signed a letter of intent for a proposed $75 million senior secured revolving credit facility through Capital One.

March 30, 2018 Barry Sloane | Capital One | Newtek Business Services ABF Journal

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Tag Archives: Barry Sloane

Newtek Bank Hires Merritt as Chief Operating Officer of Digital Banking Operations

Newtek Receives Approval From the OCC to Acquire National Bank of New York City

Newtek Business Services Acquires National Bank of New York City

Newtek Business Lending Closes $100MM Credit Facility with Deutsche Bank

Newtek Signs LOI for New $75MM SBA Facility with Capital One