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FBI issues search warrant against Newtek-backed banc-serv Partners

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FBI issues search warrant against Newtek-backed banc-serv Partners

ADR Partners LLC, a Newtek Business Services Corp. portfolio company, has been served with a search warrant by the Federal Bureau of Investigation at its offices in Westfield, Ind.

ADR Partners operates as banc-serv Partners LLC. Newtek made a $5.4 million investment in the provider of outsourced solutions for the U.S. Small Business Administration lending process in June 2016. Newtek said it is cooperating fully with the authorities.