Newtek Business Services Corp. (NEWT) News

Newtek Business Services Corp. (NEWT): $18.57

0.04 (+0.22%)

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NEWT News Highlights

  • For NEWT, its 30 day story count is now at 5.
  • Over the past 18 days, the trend for NEWT's stories per day has been choppy and unclear. It has oscillated between 1 and 3.

Latest NEWT News From Around the Web

Below are the latest news stories about NEWTEK BUSINESS SERVICES CORP that investors may wish to consider to help them evaluate NEWT as an investment opportunity.

NewtekOne Raises $50M in Private Note Offering

BOCA RATON, Fla., Jan. 24, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) (the “Company”), announced that on January 23, 2023, the Company completed an exempt private offering of $50.0 million aggregate principal amount of its 8.125% notes due 2025 (the “Notes”). The Notes were issued to institutional accredited investors in a private placement. The Notes will mature on February 1, 2025, will bear interest at a rate of 8.125% per year and will be the Company’s direct uns

Yahoo | January 24, 2023

Newtek to rebrand after $20 million acquisition of New York bank

Newtek Business Services Corp. (NASDAQ: NEWT) announced Jan. 6 it completed its acquisition of the National Bank of New York City, now named Newtek Bank, N.A. The Boca Raton-based company paid $20 million in an all-cash deal for the $206 million-asset bank after receiving regulatory approval from the Office of Comptroller of the Currency and the Federal Reserve in the fourth quarter of 2022, according to files registered with the Securities and Exchange Commission. The company will begin operating as a financial holding firm and change its name from Newtek Business Services Corp. to NewtekOne in the next two weeks, according to a news release. "We are beyond thrilled to be announcing this momentous and much-anticipated occasion for Newtek, which we believe will benefit the company’s ...

Yahoo | January 9, 2023

Newtek Business Services Corp. Completes Acquisition of National Bank of New York City

Newtek Business Services Corp. Becomes a Financial Holding CompanyBOCA RATON, Fla., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT) (“Newtek”) announced that on January 6, 2023, it completed its acquisition of the National Bank of New York City (“NBNYC”), a 59-year-old national bank regulated and supervised by the Office of the Comptroller of the Currency, and converted to a financial holding company. NBNYC has been renamed Newtek Bank, National Association™ (“New

Yahoo | January 6, 2023

Newtek Business Services Corp. to Hold Investor Conference Call on Tuesday, January 17, 2023 at 8:30 am ET

Will Release Financial and Operational Projections and Targets to the Investor and Analyst Community for 2023 and 2024 BOCA RATON, Fla., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), today announced that Barry Sloane, Chief Executive Officer, will hold a conference call on Tuesday, January 17, 2023 at 8:30 am ET, to discuss financial and operational projections and targets for 2023 and 2024 for the publicly traded financial holding company and its wholly owned

Yahoo | January 6, 2023

Newtek Business Services Corp. to Hold Investor Conference Call on Wednesday, January 18, 2023 at 8:30 am ET to Discuss the Company’s NewtekOne® Rebranding Strategy and the Relaunch and Redesign of the Corporate Website

Will Provide Demonstration of the Newtek Advantage™BOCA RATON, Fla., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), today announced that Barry Sloane, Chief Executive Officer, will host a conference call on Wednesday, January 18, 2023 at 8:30 am ET, to discuss details of its rebranding strategy, as Newtek will change its name to NewtekOne® as well as the relaunch and redesign of its corporate website at www.newtekone.com. In addition, it will provide a demonstr

Yahoo | January 6, 2023

Is the Options Market Predicting a Spike in Newtek Business Services (NEWT) Stock?

Investors need to pay close attention to Newtek Business Services (NEWT) stock based on the movements in the options market lately.

Yahoo | December 23, 2022

Freedom Bank Partners with Newtek Insurance to Offer Clients a Full Range of Insurance Solutions

The Freedom Bank of Virginia ("Freedom Bank") announced today that it has partnered with Newtek Insurance to offer a full range of insurance solutions to business and consumer clients. In association with Newtek Insurance, Freedom Bank clients will enjoy access to commercial and personal insurance including property, general liability and workers compensation, home, renters, disability, individual life, as well as group health and employee benefits options.

Yahoo | December 15, 2022

10 Best BDC Stocks To Buy

In this article, we discuss 10 best BDC stocks to buy now. You can skip our detailed analysis of business development companies and their returns in the past, and go directly to read 5 Best BDC Stocks To Buy. A Business Development Company, or BDC, is a unique investment option that combines features of both […]

Yahoo | December 15, 2022

Newtek Business Services Corp. to Hold Investor Conference Call on Wednesday, December 14, 2022 at 8:30 am ET

Will Provide Update on the Financial Illustration of the Bank Holding Company and the Bank on a Go-Forward Basis Subsequent to the Acquisition of the National Bank of New York CityBOCA RATON, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Barry Sloane, Chief Executive Officer, will hold a conference call on Wednesday, December 14, 2022 at 8:30 am ET, to provide an update on t

Yahoo | December 12, 2022

Newtek Secures Approximately $300 Million in Debt Financing to Further its Growth and Objectives for 2023

BOCA RATON, Fla., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT) today announced that its new joint venture, Newtek-TSO II Conventional Credit Partners, LP, has closed a $150 million leverage facility from a well-known investment bank to be used to fund the acquisition of non-conforming conventional loans made to middle-market companies as well as small businesses. In addition, Newtek’s portfolio company Newtek Business Lending, LLC, has entered into amendments a

Yahoo | December 7, 2022


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