$30M Capital Boost: NewtekOne Strengthens Position as Patriot Financial Converts Shares & Makes Fresh Investment

Patriot Financial Partners, L.P. Exchanges NewtekOne, Inc. Convertible Preferred Shares for Common Equity and Makes $10 Million Incremental Investment - NewtekOne (NASDAQ:NEWT)

BOCA RATON, Fla., Sept. 17, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("NewtekOne" or the "Company") (NASDAQ:NEWT) and Patriot Financial Partners, L.P. ("Patriot") announced today that they have completed a transaction pursuant to which in exchange for all of Patriot's 20,000 shares of the Company's convertible preferred stock, Series A, $0.02 par value per share (the "Series A Preferred Stock") and $10.0 million in cash, the Company issued to Pa…

$30M Capital Boost: NewtekOne Strengthens Position as Patriot Financial Converts Shares & Makes Fresh Investment

NewtekOne issues 2.3M common shares to Patriot Financial, boosting CET1 capital to $286M. Transaction includes preferred stock conversion and $10M new investment with 2-year lock-up period.