Newtek Business Services Corp. Hires Brent Ciurlino as Senior Vice President, Risk and Operations
April 30 2019 - 1:14PM
Newtek Business Services Corp., (NASDAQ: NEWT), an internally
managed business development company (“BDC”), today announced that
it has recruited and hired Mr. Brent Ciurlino as Senior Vice
President, Risk and Operations. Mr. Ciurlino comes to Newtek with
an extensive background in regulation, compliance, and risk, most
recently as EVP, Chief Operating and Risk Officer at Freedom
Mortgage Corporation. Prior to Freedom, Mr. Ciurlino was Senior
Advisor, Lending and Risk Management Services at Waterfall Asset
Management. In addition, Brent has worked directly as a
Senior Regulatory Executive for federal regulatory entities such as
the Office of Credit Risk Management for the U.S. Small Business
Administration, the Federal Deposit Insurance Corporation, and the
Resolution Trust Corporation.
Barry Sloane, Chief Executive Officer, said, “We
are extremely pleased to have retained the talent of Brent Ciurlino
as Senior Vice President, Risk and Operations. Brent has had a long
and distinguished career working for entities like the RTC, FDIC,
Farm Credit Administration, and the Office of Credit Risk
Management for the Small Business Administration, as well as many
other commercial enterprises. Brent’s knowledge of the regulatory
environment and risk issues relating to SMB and middle-market
lending is at the highest levels. Brent will be reporting directly
to the Company’s Chief Lending Officer and will be advising the
boards of directors of the Company and our various lending
portfolio companies, and supervising and monitoring portfolio and
risk positions. We are thrilled to have Brent join our team.”
About Newtek Business Services Corp.Newtek
Business Services Corp., Your Business Solutions Company®, is an
internally managed BDC, which along with its controlled portfolio
companies, provides a wide range of business and financial
solutions under the Newtek® brand to the small- and medium-sized
business (“SMB”) market. Since 1999, Newtek has provided
state-of-the-art, cost-efficient products and services and
efficient business strategies to SMB relationships across all 50
states to help them grow their sales, control their expenses and
reduce their risk.
Newtek’s and its portfolio companies’ products
and services include: Business Lending, SBA Lending Solutions,
Electronic Payment Processing, Technology Solutions (Cloud
Computing, Data Backup, Storage and Retrieval, IT Consulting),
eCommerce, Accounts Receivable Financing & Inventory
Financing, Insurance Solutions, Web Services, and Payroll and
Benefits Solutions.
Newtek® and Your Business Solutions Company®,
are registered trademarks of Newtek Business Services Corp.
Note Regarding Forward Looking
StatementsThis press release contains certain
forward-looking statements. Words such as “believes,” “intends,”
“expects,” “projects,” “anticipates,” “forecasts,” “goal” and
“future” or similar expressions are intended to identify
forward-looking statements. All forward-looking statements involve
a number of risks and uncertainties that could cause actual results
to differ materially from the plans, intentions and expectations
reflected in or suggested by the forward-looking statements. Such
risks and uncertainties include, among others, intensified
competition, operating problems and their impact on revenues and
profit margins, anticipated future business strategies and
financial performance, anticipated future number of customers,
business prospects, legislative developments and similar matters.
Risk factors, cautionary statements and other conditions, which
could cause Newtek’s actual results to differ from management’s
current expectations, are contained in Newtek’s filings with the
Securities and Exchange Commission and available through
http://www.sec.gov/. Newtek cautions you that forward-looking
statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected
or implied in these statements.
SOURCE: Newtek Business Services Corp.
Investor Relations & Public
RelationsContact: Jayne Cavuoto Telephone: (212) 273-8179
/ jcavuoto@newtekone.com
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