NEWT - Newtek Bank N.A. Hires Chief Operating Officer of Digital Banking Operations | Benzinga
BOCA RATON, Fla., Nov. 28, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT), today announced that its bank subsidiary, Newtek Bank, N.A., has hired Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations, effective November 27, 2023.
Ms. Merritt comes to Newtek Bank with over a decade of banking experience with specific focuses on digital banking and banking-product development. Most recently, Jennifer was Senior Vice President, Strategic Operations Lead at Live Oak Bank, where she co-created a strategic operations team, focused on improving operational efficiencies. In addition, she was a business leader and subject-matter expert for the building of an integrated digital online banking platform with digital account opening and online banking solutions and software. Jennifer has also managed deposit operations, customer service initiatives, and ensured regulatory compliance. Earlier in her career, Jennifer held management and staff positions in both front-office and back-office operations at First Bank and Wells Fargo. Jennifer holds a B.S. in Business Administration with a concentration in Marketing from the University of North Carolina, Wilmington, and is a NACHA Accredited Payments Risk Professional (APRP), and North Carolina School of Banking Graduate.
Barry Sloane, Chairman, President and Chief Executive Officer said, "We couldn't be more pleased to announce the acquisition of Jennifer Merritt's talents for the role of Chief Operating Officer of digital banking operations at Newtek Bank. We believe that with Jennifer's leadership, the success that Newtek Bank has experienced raising deposits, primarily through consumer high-yield savings and time-deposit opportunities, will transform into more and lower-cost transactional ...