Newtek Business Services AcquiresInsurance Agency

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NEW YORK - (08/03/04) -- Newtek Business Services Inc., whichprovided small business lending services for credit unions, said ithas completed the acquisition of Vistar Insurance Services, aninsurance agency doing business as Financial Keyosk. FinancialKeyosk is an alternative insurance distributor which helps creditunions and community banks establish or expand insuranceoperations. The company is licensed to do business in 49 states andhas a complete line of life, health, property, casualty, disabilityand employee benefits coverage. The company published 'How to SellInsurance from Credit Unions,' and 'How to Sell Insurance formBank,' earlier this year. The deal follows Newtek's recentacquisition of CrystalTech Web Hosting, wich provides web hostingservices for small and medium sized companies.

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