NEWT - Mergers and acquisitions

BOCA RATON, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) announced today the following deposit metrics of Newtek Bank, N.A. ("Newtek Bank" or the "Bank"), its technology-enabled banking subsidiary, at December 31, 2024: $1.03 billion in total deposits at December 31, 2024, which represents a 97.0% increase in total deposits over the year ended December 31, 2023, and growth of $884 million in total deposits since its acquisition in January 2023.Insured deposits represent approximately 78% of total deposits at December 31, 2024.Core business deposits were $216 million at December 31, 2024, an increase of $106 million, or 96%, over the same period in

BOCA RATON, Fla., Nov. 28, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT), today announced that its bank subsidiary, Newtek Bank, N.A., has hired Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations, effective November 27, 2023. Ms. Merritt comes to Newtek Bank with over a decade of banking experience with specific focuses on digital banking and banking-product development. Most recently, Jennifer was Senior Vice President, Strategic Operations Lead at Live Oak Bank, where she co-created a strategic operations team, focused on improving operational efficiencies. In addition, she was a business leader and subject-matter expert for the buildi