leadership
confidence high
sentiment neutral
materiality 0.30
NewtekOne elects Thomas Cestare to Board of Directors, expands board to eight
NewtekOne, Inc.
- Board increased from seven to eight directors; Cestare elected as Class I director, term through 2027 annual meeting.
- Cestare is partner and COO of Patriot Financial Partners, over 35 years banking experience (former CFO Beneficial Bancorp, former KPMG partner).
- Cestare's election follows prior related-party transaction: Patriot exchanged Series A Preferred + $10M cash for 2.3M common shares in Sept 2025.
- Cestare will receive standard director fees and serve on the Audit Committee.