Company type | Public |
---|---|
Nasdaq: PNBK [1] | |
Industry | Financial services |
Founded | 1999[2] [3] |
Headquarters | Stamford, Connecticut, U.S. |
Key people | Michael Carrazza (chairman) Robert G. Russell, Jr. (president & CEO) |
US $25.408 million (2016) [4] | |
Total assets | US $756.654 million (2016) [4] |
Total equity | US $62.570 million (2016) [4] |
Number of employees | 115 (2017) [5] |
Website | bankpatriot |
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]
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 of “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]
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