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Patriot National Bancorp

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American bank holding company
Patriot Bank, N.A.
Company typePublic
Traded asNasdaq: PNBK
IndustryFinancial services
Founded1999; 26 years ago (1999)
HeadquartersStamford, Connecticut, U.S.
Key peopleMichael Carrazza (chairman)
Robert G. Russell, Jr.
(president & CEO)
Operating incomeIncrease US $25.408 million (2016)
Total assetsIncrease US $756.654 million (2016)
Total equityIncrease US $62.570 million (2016)
Number of employees115 (2017)
Websitebankpatriot.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.

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.

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.

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. 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.

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

References

  1. traded symbols
  2. "Foundation time".
  3. "time of incorporated".
  4. ^ "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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