NewTek Welcomes New Vice-President

Rowe will assume responsibility for all aspects of the Company’s investor relations functions. Mr. Rowe joins the Company with 25 years of experience as an equity research analyst covering small-cap banks and business development companies (BDCs). Most recently, Bryce was a senior equity research analyst at B. Riley Securities. Mr. Rowe holds a B.A. from the University of Virginia and was awarded the Chartered Financial Analyst (CFA) designation in 2003.

CEO Barry Sloane said, “We are thrilled to have acquired the talents of Mr. Rowe. As a former research analyst with existing institutional relationships, Mr. Rowe will be responsible for our continuing efforts to create awareness and understanding of the Company among the investor community, including current and potential investors. Mr. Rowe will be attending investor relations conferences, including the upcoming B. Riley Securities 25th Annual Institutional Investor Conference and the 37th Annual Roth Conference.

“We are excited to have attracted Mr. Rowe with his talents in the analytical areas of banking. In short order, Mr. Rowe has experienced a tremendous grasp of the NewtekOne business model and strategy and was extremely helpful in his attending the recent SFVegas asset-backed securities conference in Las Vegas. We look forward to introducing Mr. Rowe to our equity analysts as well as institutional investors.”

NEWT shares dipped 10 cents to $12.89.