Tag Archives: Barry Sloane

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 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.