NewtekOne, Inc. Announces that its Bank Subsidiary, Newtek Bank, N.A., has Declared a Dividend of $2.0 Million Payable to NewtekOne, Inc.
21 August 2023 - 2:55PM
NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today
that the Board of Directors of its bank subsidiary, Newtek Bank,
N.A,. has declared a dividend of $2.0 million, payable to
NewtekOne.
Barry Sloane, Chairman, President and Chief Executive Officer
said, “We are pleased to report that the Board of Directors of
Newtek Bank has declared a $2.0 million dividend, payable to
NewtekOne, Newtek Bank’s publicly traded financial holding company.
Newtek Bank’s swift ascension to profitability for the six months
ended June 30, 2023, after being acquired by NewtekOne on January
6, 2023, is a testimony to the dedicated teams of executives and
employees at NewtekOne and Newtek Bank. The dividend declaration is
indicative of the commitment that we have to all of our
stakeholders at both the Bank and financial-holding-company to
consistently meet our goals, while simultaneously delivering the
highest quality of business and financial solutions to our
independent business owner customer base. We look forward to
continuing to pay dividends, from both NewtekOne to shareholders,
and from Newtek Bank to NewtekOne, based upon our expectations and
hopeful performance.”
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 the small- and medium-sized business (“SMB”)
market. Since 1999, NewtekOne has provided state-of-the-art,
cost-efficient products and services and efficient business
strategies to SMB relationships 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, Technology
Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT
Consulting), eCommerce, Accounts Receivable Financing &
Inventory Financing, Insurance Solutions, Web Services, and Payroll
and Benefits Solutions.
Newtek®, NewtekOne®, Newtek Bank, National
Association™, Your Business Solutions Company® and One Solution for
All Your Business Needs® 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. These statements are based on management’s current
expectations and are subject to uncertainty and changes in
circumstances. These statements are not guarantees of future
results or occurrences. Actual results and capital and other
financial conditions may differ materially from those included in
these statements due to a variety of factors. Factors that could
cause NewtekOne, Inc’s actual results to differ materially from
those described in the forward-looking statements can be found in
NewtekOne, Inc.’s Annual Report on Form 10-K for the year ended
December 31, 2022, filed with the Securities and Exchange
Commission and are available on NewtekOne, Inc’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, Inc.
speak only as to the date they are made, and NewtekOne, Inc. 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
RelationsContact: Jayne Cavuoto Telephone: (212) 273-8179
/ jcavuoto@newtekone.com
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