NewtekOne (NASDAQ:NEWT) is a financial holding company that provides banking and business services to small and medium-sized businesses throughout the United States. Through its banking operations and specialized subsidiaries, the company offers commercial lending, deposit products, payment processing, payroll services, insurance solutions, and technology services.
The company’s lending activities include Small Business Administration (SBA) loans and other financing products designed to support business expansion, working capital needs, equipment purchases, and acquisitions. Its business services platform also helps clients manage payments, payroll, information technology, and insurance requirements through integrated solutions.
Founded in 1999, NewtekOne was previously known as Newtek Business Services Corp. and operated as a business development company before transitioning to a financial holding company. The company completed the acquisition of National Bank of New York City in 2023, and the bank now operates as Newtek Bank, National Association. NewtekOne is led by Barry Sloane, who serves as chairman, president, and chief executive officer, and is headquartered in Boca Raton, Florida.
