NewtekOne, Inc. Announces Peter Downs has been named President of Newtek Bank, N.A.
NewtekOne (NASDAQ: NEWT) has announced key leadership changes, with Peter Downs appointed as President of Newtek Bank, N.A. and Frank M. DeMaria as CFO of the Company. The announcement follows the bank's successful transformation since acquiring National Bank of New York City in January 2023.
The bank has achieved notable performance metrics in 2024, including a 42% efficiency ratio, 6% return on assets, and 40%+ return on tangible common equity. Additional appointments include Thomas Soucy as Chief Credit Officer, Nicholas Leger as CFO of non-bank subsidiaries, and Andrew Kaplan joining the bank's board.
The company continues to leverage its technology platform, including The Newtek Advantage®, NewTracker®, and Newtek File Vault™, to provide business and financial solutions to independent business owners through their 24/7/365 service model.
NewtekOne (NASDAQ: NEWT) ha annunciato importanti cambiamenti nella leadership, con la nomina di Peter Downs a Presidente di Newtek Bank, N.A. e Frank M. DeMaria come CFO della società. L'annuncio segue la trasformazione di successo della banca dopo l'acquisizione della National Bank of New York City nel gennaio 2023.
La banca ha raggiunto risultati significativi nel 2024, tra cui un rapporto di efficienza del 42%, un ritorno sugli attivi del 6% e un ritorno superiore al 40% sul capitale tangibile comune. Tra le altre nomine figurano Thomas Soucy come Chief Credit Officer, Nicholas Leger come CFO delle controllate non bancarie e Andrew Kaplan che entra nel consiglio di amministrazione della banca.
L’azienda continua a sfruttare la sua piattaforma tecnologica, inclusi The Newtek Advantage®, NewTracker® e Newtek File Vault™, per offrire soluzioni finanziarie e commerciali ai proprietari di imprese indipendenti attraverso il loro modello di servizio disponibile 24/7/365.
NewtekOne (NASDAQ: NEWT) ha anunciado cambios clave en su liderazgo, nombrando a Peter Downs como Presidente de Newtek Bank, N.A. y a Frank M. DeMaria como CFO de la compañía. El anuncio sigue a la exitosa transformación del banco tras la adquisición del National Bank of New York City en enero de 2023.
El banco ha logrado métricas destacadas en 2024, incluyendo un índice de eficiencia del 42%, un retorno sobre activos del 6% y un retorno superior al 40% sobre el capital tangible común. Otras designaciones incluyen a Thomas Soucy como Chief Credit Officer, Nicholas Leger como CFO de las subsidiarias no bancarias y Andrew Kaplan que se une al consejo de administración del banco.
La compañía continúa aprovechando su plataforma tecnológica, incluyendo The Newtek Advantage®, NewTracker® y Newtek File Vault™, para ofrecer soluciones financieras y comerciales a propietarios de negocios independientes mediante su modelo de servicio 24/7/365.
NewtekOne (NASDAQ: NEWT)는 주요 임원 인사를 발표하며 Peter Downs를 Newtek Bank, N.A.의 사장으로, Frank M. DeMaria를 회사의 CFO로 임명했습니다. 이번 발표는 2023년 1월 National Bank of New York City 인수 이후 은행의 성공적인 변화를 반영합니다.
은행은 2024년에 42% 효율성 비율, 6% 자산 수익률, 40% 이상 유형 보통주 자본 수익률 등 뛰어난 성과 지표를 달성했습니다. 추가 임명으로는 Thomas Soucy가 최고 신용 책임자, Nicholas Leger가 비은행 자회사 CFO, Andrew Kaplan이 은행 이사회에 합류했습니다.
회사는 The Newtek Advantage®, NewTracker®, Newtek File Vault™ 등 기술 플랫폼을 지속적으로 활용하여 24시간 연중무휴 서비스 모델을 통해 독립 사업주에게 비즈니스 및 금융 솔루션을 제공하고 있습니다.
NewtekOne (NASDAQ : NEWT) a annoncé des changements clés dans sa direction, avec la nomination de Peter Downs en tant que Président de Newtek Bank, N.A. et Frank M. DeMaria en tant que CFO de la société. Cette annonce fait suite à la transformation réussie de la banque depuis l'acquisition de la National Bank of New York City en janvier 2023.
La banque a atteint des indicateurs de performance remarquables en 2024, notamment un ratio d'efficacité de 42%, un rendement des actifs de 6% et un rendement supérieur à 40% sur les capitaux propres tangibles. Parmi les autres nominations figurent Thomas Soucy en tant que Chief Credit Officer, Nicholas Leger en tant que CFO des filiales non bancaires, et Andrew Kaplan qui rejoint le conseil d'administration de la banque.
L'entreprise continue d'exploiter sa plateforme technologique, comprenant The Newtek Advantage®, NewTracker® et Newtek File Vault™, pour offrir des solutions commerciales et financières aux propriétaires d'entreprises indépendantes grâce à leur modèle de service 24/7/365.
NewtekOne (NASDAQ: NEWT) hat wichtige Führungswechsel bekannt gegeben, wobei Peter Downs zum Präsidenten der Newtek Bank, N.A. und Frank M. DeMaria zum CFO des Unternehmens ernannt wurde. Die Ankündigung folgt auf die erfolgreiche Transformation der Bank seit der Übernahme der National Bank of New York City im Januar 2023.
Die Bank erzielte 2024 bemerkenswerte Leistungskennzahlen, darunter eine Effizienzquote von 42%, eine Rendite auf Vermögenswerte von 6% und eine Rendite von über 40% auf das materielle Stammkapital. Weitere Ernennungen umfassen Thomas Soucy als Chief Credit Officer, Nicholas Leger als CFO der Nicht-Bank-Tochtergesellschaften und Andrew Kaplan, der dem Vorstand der Bank beitritt.
Das Unternehmen nutzt weiterhin seine Technologieplattform, darunter The Newtek Advantage®, NewTracker® und Newtek File Vault™, um unabhängigen Geschäftsinhabern durch ihr 24/7/365-Service-Modell Geschäfts- und Finanzlösungen anzubieten.
- Strong financial performance with 42% efficiency ratio
- Impressive 6% return on assets
- High 40%+ return on tangible common equity
- Successful transformation from single-branch to national digital bank
- Recent successful ALP securitization completed
- None.
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
Mr. Sloane continued, “We will continue to make management changes with a focus on helping to grow and shape the Company in our quest to embrace technology and provide financial and business solutions to our independent business owner clients. We are also thrilled to have, today, reported another successful ALP securitization and look forward to reporting and discussing our quarterly financial results and anticipated progress for the rest of 2025.”
About NewtekOne, Inc.
NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com).
Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. Information regarding loan and deposit metrics consist of preliminary estimates and are subject to change with our filings with regulatory agencies and the filing of the Company's Form 10-Q for the period ended March 31, 2025. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 / browe@newtekone.com
FAQ
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