NewtekOne, Inc. (NEWT)

11.00 +0.05 (+0.46%) At close: 04:00PM EDT

NewtekOne, Inc.

4800 T-Rex Avenue
Suite 120
Boca Raton, FL 33431
United States
212 356 9500
https://www.newtekone.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 528

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Barry Scott Sloane	President, Chairman & CEO	700k	N/A	1960
Ms. Halli Razon-Feingold	Senior VP of Human Resources, Chief Administrative Officer & Director	N/A	N/A	1989
Mr. Michael Adam Schwartz	Chief Legal Officer, Chief Compliance Officer & Secretary	650k	N/A	1961
Mr. Nicholas J. Leger	Senior VP & Treasurer	525k	N/A	1981
Mr. Peter Mathison Downs	Chief Lending Officer, President of Newtek Small Business Finance & Director	800k	N/A	1965
Mr. Michael Scott Price	Chief Financial Officer	N/A	N/A	1978
Mr. Frank M. DeMaria	Executive VP & Chief Accounting Officer	N/A	N/A	1990
Mr. Taylor Quinn	Senior VP & Chief Risk Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing services, check approval services, processing equipment, and software, as well as cloud-based Point of Sale systems for a various restaurant, retail, assisted living, taxi cabs, parks, and golf course businesses. In addition, it offers wholesale brokerage insurance agency services; and payroll management, and related payment and tax reporting services to independent business owners. Further, the company provides website hosting, dedicated server hosting, cloud hosting, web design and development, internet marketing, ecommerce, data storage, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients as well as SMBs. The company was formerly known as Newtek Business Services Corp. and changed its name to NewtekOne, Inc. in January 2023. NewtekOne, Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.

Corporate governance

NewtekOne, Inc.’s ISS governance QualityScore as of 1 April 2024 is 8. The pillar scores are Audit: 8; Board: 8; Shareholder rights: 9; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.