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0 0 0 0 0 0.0104463437796771 0.0346628679962013 0.0303893637226969
Stock impact report

NewtekOne, Inc. Announces Peter Downs has been named President of Newtek Bank, N.A.

Newtek Business Services Corp. (NEWT) 
Last newtek business services corp. earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.newtekbusinessservices.com
Company Research Source: GlobeNewswire
BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- Boca Raton, FL, April 23, 2025 - NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) announced that Peter Downs has been named President of Newtek Bank, N.A. (the “Bank”). In addition, Frank M. DeMaria has been named Chief Financial Officer of the Company, with Scott Price maintaining the role as Chief Financial Officer of Newtek Bank, focusing on developing and executing the Bank's financial strategy. Barry Sloane, CEO, President and Chairman, said, “We acquired National Bank of New York City on January 6, 2023, and, after a relatively condensed nine operating quarters, couldn’t be more pleased with our progress. We integrated and transformed a single-branch, OCC-chartered, manual-process bank in Flushing, NY, into what we believe to be a state-of-the-art, technology-enabled digital bank with a national presence. The Bank’s 42% efficiency ratio, 6% return on assets, and 40%+ return on tangible common equity for 2024 clearly speaks vo Show less Read more
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