Newtek Bank, N.A. Reaches Over $1.0 Billion in Deposits

Grows Total Deposits by $884 Million in its First Two Years of OperationsBOCA RATON, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company”) (NASDAQ: NEWT) announced today the following deposit metrics of Newtek Bank, N.A. (“Newtek Bank” or the “Bank”), its technology-enabled banking subsidiary, at December 31, 2024: $1.03 billion in total deposits at December 31, 2024, which represents a 97.0% increase in total deposits over the year ended December 31, 2023, and growth of $884 million in to ...