Newtek Bank, N.A. hires Vik Mahajan as Chief Investment Officer to enhance loan sales.

From GlobeNewswire: 2025-03-05 11:28:03

NewtekOne, Inc. (NASDAQ: NEWT) announced the hiring of Vaibhav “Vik” Mahajan as Chief Investment Officer for Newtek Bank. With 25 years of experience in investment banking, Mr. Mahajan will enhance loan sales execution and source opportunities for the bank. Newtek’s President, Chairman, and CEO, Barry Sloane, expressed confidence in Mr. Mahajan’s abilities to maximize loan outcomes and optimize the bank’s portfolio. Mr. Mahajan looks forward to contributing to NewtekOne’s growth and success with its innovative business model. NewtekOne provides financial solutions nationwide to independent business owners, offering a range of services like banking, lending, and insurance solutions.



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