Patriot National Bancorp
 | |
| 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]
History
[edit]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]
References
[edit]- ^ traded symbols
- ^ "Foundation time".
- ^ "time of incorporated".
- ^ a b c "Selected Financial Data".
- ^ number of employees
- ^ "PNBK".
- ^ "Branches & ATMs | Southern CT Bank Near Me | Patriot Bank". Patriot Bank. Archived from the original on 2023-02-27. Retrieved 2023-10-11.
- ^ "PATRIOT NATIONAL BANCORP INC (Form: S-1, Received: 08/22/2006 17:22:22)". www.nasdaq.com. Retrieved 2016-04-21.
- ^ "EDGAR Pro". yahoo.brand.edgar-online.com. Retrieved 2016-04-21.
- ^ "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.
- ^ Missakian, Natalie (13 April 2018). "Patriot merger with Prime Bank nearly complete". Hartford Business Journal. Retrieved 2024-10-11.
- ^ "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.
- ^ "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.