---
schema_version: "secwatch.filing_event.v1"
accession: "0001587987-23-000028"
form_type: "8-K/A"
ticker: "NEWT"
cik: "0001587987"
company_name: "NewtekOne, Inc."
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:14:17.130571+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NewtekOne completes $20M acquisition of NBNYC, transforms from BDC to financial holding company

## Summary
- Acquired National Bank of New York City for $20M cash; renamed Newtek Bank, N.A.
- Ceased BDC status; now regulated as financial holding company by Federal Reserve and OCC.
- Contributed $31M cash plus subsidiaries NBL and SBL to Newtek Bank at closing.
- Pro forma combined assets $1.09B, net assets $223M as of Sep 30, 2022.
- Pro forma net income for 9mo 2022: $18.74M ($0.77 EPS); full year 2021: $30.52M.

## SEC filing metadata
- accession: 0001587987-23-000028
- form_type: 8-K/A
- ticker: NEWT
- cik: 0001587987
- company_name: NewtekOne, Inc.
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587987/000158798723000028/0001587987-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587987/000158798723000028/newt-20230106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587987-23-000028
- JSON: https://secwatch.observer/filing/0001587987-23-000028.json
- Plain text: https://secwatch.observer/filing/0001587987-23-000028.txt

## Key facts
- M&A Transactions
  NewtekOne, Inc. completed an acquisition involving NBNYC shareholders for $20 million (closed 2023-01-06).
  - Action: acquisition
  - Counterparty: NBNYC shareholders
  - Consideration: $20 million
  - Closing: 2023-01-06
  source text: On January 6, 2023, NewtekOne, Inc. (formerly known as Newtek Business Services Corp.) (the “Company”) completed the previously announced acquisition of the National Bank of New York City (“NBNYC” and the “Acquisition,” respectively), a national bank regulated and supervised by the Office of the Comptroller of the Currency, pursuant to which the Company acquired from the NBNYC shareholders all of the issued and outstanding stock of NBNYC for $20 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587987/000158798723000028/0001587987-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.