Newtek Bank, N.A. hires COO of Digital Banking Operations

NewtekOne, Inc. (the “Company”), 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...

J.P. Morgan Private Bank announces new Fund Banking Group

J.P. Morgan Private Bank announced the launch of its Fund Banking Group, a division of the U.S. Private Bank’s business focused on the banking, lending and investing needs of private equity and venture capital funds and their principals. This new division combines the experience of First Republic’s historical fund business with the Private Bank’s extensive history serving some of the country’s largest funds and their C-suites. “The Private Bank has been serving the private and...

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