Patriot National Bancorp

Last updated
Patriot Bank, N.A.
Company type Public
Nasdaq:  PNBK [1]
Industry Financial services
Founded1999;26 years ago (1999) [2] [3]
Headquarters Stamford, Connecticut, U.S.
Key people
Michael Carrazza (chairman)
Robert G. Russell, Jr.
(president & CEO)
Increase2.svg US $25.408 million (2016) [4]
Total assets Increase2.svg US $756.654 million (2016) [4]
Total equity Increase2.svg US $62.570 million (2016) [4]
Number of employees
115 (2017) [5]
Website bankpatriot.com

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK. [6]

The bank provides retail and commercial banking services and operates seven locations in Fairfield County, Connecticut, one in New Haven County, Connecticut, and one in Westchester County, New York. [7]

History

On August 31, 1994, Patriot National Bank obtained its charter and opened for business as a community bank. In 1999, Patriot National Bancorp, Incorporated was organized as a Bank Holding Company headquartered in Stamford, Connecticut. The Patriot National Statutory Trust I was founded on March 11, 2003, to issue trust preferred securities and invest the proceeds in subordinated debentures issued by the company. [8]

In 2006, Patriot National Bank purchased a branch office and opened two new branch offices in New York, expanding its geographical footprint into New York State. [9] In August 2017, Patriot announced the signing of a definitive merger agreement pursuant to acquire Prime Bank of Orange, CT, expanding its community banking presence in Connecticut. [10] [11]

In September 2015, the bank announced the bank announced its new name “Patriot Bank”. [12] In July 2017, Patriot announced the resumption of quarterly dividends for shareholders in July 2017, for the first time since 2008. [13]

References

  1. ↑ traded symbols
  2. ↑ "Foundation time".
  3. ↑ "time of incorporated".
  4. 1 2 3 "Selected Financial Data".
  5. ↑ number of employees
  6. ↑ "PNBK".
  7. ↑ "Branches & ATMs | Southern CT Bank Near Me | Patriot Bank". Patriot Bank. Archived from the original on 2023-02-27. Retrieved 2023-10-11.
  8. ↑ "PATRIOT NATIONAL BANCORP INC (Form: S-1, Received: 08/22/2006 17:22:22)". www.nasdaq.com. Retrieved 2016-04-21.
  9. ↑ "EDGAR Pro". yahoo.brand.edgar-online.com. Retrieved 2016-04-21.
  10. ↑ "Patriot National Bancorp (NASDAQ: PNBK) To Acquire Prime Bank" (Press release). Stamford, Conn and Orange, Conn. GlobeNewswire. 2017-08-02. Archived from the original on 2017-08-04. Retrieved 2023-10-11.
  11. ↑ Missakian, Natalie (13 April 2018). "Patriot merger with Prime Bank nearly complete". Hartford Business Journal. Retrieved 2024-10-11.
  12. ↑ "Patriot National Bank Announces Name Change to "Patriot Bank, N.A."" (Press release). Stamford, Conn. GlobeNewswire. 2015-09-28. Archived from the original on 2016-09-25. Retrieved 2016-04-21.
  13. ↑ "Patriot National Bancorp, Inc. Announces Quarterly Cash Dividend for Shareholders" (Press release). Stamford, Conn. GlobeNewswire. 2017-07-17. Archived from the original on 2017-07-19. Retrieved 2023-10-11.
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