NewtekOne, Inc. and Patriot Financial Partners, L.P. completed a transaction where Patriot exchanged 20,000 shares of Series A Preferred Stock and $10 million for 2,307,692 shares of the Company’s common stock. This boosts the Company’s common equity tier one capital by $30 million and grows CET1 capital from $256 million to $286 million as of June 30, 2025. Additionally, the transaction increases tier one capital to $335 million and tangible book value per common share to approximately $10.74. Patriot expressed confidence in NewtekOne’s business strategy and management, with a two-year lock-up on the Common Shares exchanged.

Patriot Financial Partners exchanged Series A Preferred Stock for NewtekOne common equity, made an additional $10 million investment in NewtekOne common shares, and retained its position as a long-term shareholder. Patriot believes NewtekOne’s operational execution since converting to a financial holding company in early 2023 has been impressive. They see NewtekOne’s business strategy and operating model as leading in the banking industry, with an ideal positioning for evolving banking environments.

NewtekOne, Inc., a financial holding company, provides business and financial solutions to independent business owners nationwide. Their solutions include banking, business lending, SBA lending, electronic payment processing, insurance solutions, and payroll and benefits solutions. NewtekOne also offers technology solutions through Intelligent Protection Management Corp. The company’s trademarks include Newtek, NewtekOne, Newtek Bank, National Association, Your Business Solutions Company, One Solution for All Your Business Needs, and Newtek Advantage.

Read more at GlobeNewswire: Patriot Financial Partners, L.P. Exchanges NewtekOne, Inc.