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When your investors don't want you to become a bank

Published: March 8, 2022

Newtek, the No. 2 originator of Small Business Administration 7(a) loans, is buying a single-branch bank in New York. The news sent its stock price tumbling as shareholders revolted, but CEO Barry Sloane is staying the course.

Source: americanbanker.com

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New YorkUnited StatesBoca RatonSan FranciscoLibby GreeneVincent CurottoRaymond JamesRobert DoddBarry SloaneNational BankNewtek Business ServicesOffice Of The ComptrollerSmall Business AdministrationNewtek BankNew York CitySmall Business BankingCommunity BankingM Amp A