Welcome to our dedicated page for Patriot Natl news (Ticker: PNBK), a resource for investors and traders seeking the latest updates and insights on Patriot Natl stock.
Patriot National Bancorp reports news as the bank holding company for Patriot Bank, N.A., a community banking institution providing consumer and commercial banking services. Its business includes deposit accounts, commercial mortgage and construction loans, commercial loans, home equity lines, personal loans, online and mobile banking, cards, ATMs and related banking services for individuals, small and medium-sized businesses, professionals and municipalities.
Recurring company updates cover quarterly operating results, loan and deposit trends, credit reserves, liquidity, capital raises and balance-sheet actions. News also includes board and senior leadership changes, banking operations, digital banking and payments initiatives, and developments affecting Patriot Bank’s lending platform and client-service strategy.
Patriot Bank (NASDAQ:PNBK) is expanding its high-net-worth banking platform in Greenwich and Fairfield County, Connecticut. The bank appointed DeWitt Hutchins as Senior Vice President and Market President for its High Net Worth Banking Division and added bankers Sophia Salinas and Robert Black to the Greenwich team.
Patriot will also expand and upgrade its Mason Street branch, including a Founders Club lounge, with renovations expected to finish in Q1 2027. According to Patriot, it has $1.2 billion in total assets and is focusing on bespoke services for high-net-worth clients.
Patriot Bank (NASDAQ: PNBK) announced board leadership changes effective Oct 30, 2025: Thedora Nickel is named Chair of the Patriot Bank Board of Directors and Steven Sugarman, president and CEO, is named Chair of the Patriot National Bancorp board. Ms. Nickel has served on the Patriot Bank board since May 19, 2025 and brings 30+ years of banking operations and transformation experience, including senior roles at Banc of California and Bank of America.
Michael Carrazza transitions to Chairman Emeritus and remains a director; the board cites recent capital transactions and strengthened management as drivers of the change.
Patriot Bank (NASDAQ: PNBK) has announced significant expansion of its leadership team with three new board members and four senior executive appointments. The new directors include Richard Smith, bringing 40 years of private banking expertise, Jeffrey Seabold, a seasoned entrepreneur with 30 years in corporate strategy and banking, and Thedora Nickel, with over 30 years in banking operations.
The executive appointments include Paul Simmons as EVP and Chief Credit Officer, Nicole L. Wells as SVP and Head of Operations, Rebecca Mais as SVP of High Net Worth and Specialty Deposits, and Raquel Gillett as SVP of Digital Transformation and Risk Analytics. These appointments strengthen Patriot Bank's focus on serving high-net-worth clients and their fiduciaries.
Patriot National Bancorp (NASDAQ: PNBK) has secured over $50 million through a private placement, issuing common stock and non-voting preferred stock to accredited investors. The capital raise aims to strengthen the balance sheet and capital ratios of both the Company and Patriot Bank NA.
The company announced leadership changes with CEO David Lowery's planned departure by April 15, 2025, while President Steven Sugarman has entered into a long-term employment agreement. Sugarman, former Founder and CEO of Banc of California, will lead the company forward.
The private placement was co-led by Sugarman and FlyHouse Management affiliates, with Performance Trust Capital Partners serving as strategic advisor and placement agent. The securities offered in this private placement have not been registered under the Securities Act of 1933.
Summary not available.
Summary not available.
Summary not available.
Patriot National Bancorp (NASDAQ: PNBK) has announced the promotion of David Lowery to President and CEO of Patriot Bank, effective late April 2023, succeeding Robert Russell. Russell is leaving to pursue another career opportunity after enhancing earnings and operations during his tenure. Lowery, who served as Chief Lending Officer for two years, has significantly contributed to the bank's growth in commercial and consumer sectors. The Board of Directors has expressed unanimous support for Lowery's promotion and is committed to providing resources for continued growth.
Patriot National Bancorp reported Q4 2022 net income of $1.8 million ($0.45 per share), down from $2.3 million in Q3 2022. Annual net income rose to $6.2 million for 2022, a 21.6% increase from 2021. Pre-tax income grew 95% to $7.8 million, excluding non-recurring items. Notable growth in loans (14.7%) and deposits (14.9%) was achieved, with net interest margin increasing to 3.77% in Q4 2022. Total assets reached $1 billion, while non-interest income declined to $3.6 million due to lower SBA loan sales. Shareholders' equity decreased to $59.6 million, resulting in a book value of $15.03 per share.