NewtekOne Inc (NAS:NEWT)
$ 13.415 -0.045 (-0.33%) Market Cap: 348.31 Mil Enterprise Value: 856.74 Mil PE Ratio: 6.81 PB Ratio: 1.36 GF Score: 70/100
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Newtek Business Services Corp to Acquire National Bank of New York City - M&A Call Transcript

Aug 03, 2021 / 11:30AM GMT
Release Date Price: $25.13 (-27.35%)
Operator

Good morning, ladies and gentlemen and welcome to the Newtek Investor and Analyst Call. (Operator Instructions) I would now like to turn the conference over to your host, Bobby Sloane -- I'm sorry, Barry Sloane.

Please begin, sir.

Barry Scott Sloane
Newtek Business Services Corp. - Chairman, President & CEO

Thank you, Bobby, is a nice name, too. But I appreciate that, operator. And good morning, everybody, and thank you for joining at this early hour. Obviously, we scaled those a little bit late and didn't want to interfere with other earnings calls. We appreciate all the investors and analysts attending at a 7:30 Eastern call. Primary reason, obviously, for the call is we announced last night, the Newtek Business Service Corp. entered into an agreement to acquire National Bank of New York City, a watershed and exciting moment in time for Newtek Business Service Corp. And the thrust of today's call will be to talk about that acquisition, explain its purpose and give the rationale for it.

Before we get into the data, the information on

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