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Patriot Bank Announces New Board Chairs

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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) ha annunciato cambiamenti nella leadership del consiglio efficaci dal 30 ottobre 2025: Thedora Nickel è nominata Presidente del Consiglio di Patriot Bank e Steven Sugarman, presidente e CEO, è nominato Presidente del consiglio di Patriot National Bancorp. La signora Nickel è membro del consiglio di Patriot Bank sin dal 19 maggio 2025 e porta oltre 30 anni di esperienza nelle operazioni bancaria e trasformazione, compresi ruoli di alto livello presso Banc of California e Bank of America.

Michael Carrazza passa al ruolo di Chairman Emeritus e rimane consigliere; il consiglio cita le recenti operazioni di capitale e una gestione rafforzata come motori del cambiamento.

Patriot Bank (NASDAQ: PNBK) anunció cambios en el liderazgo de la junta directiva con efecto a partir del 30 de octubre de 2025: Thedora Nickel fue nombrada Presidenta del Consejo de Patriot Bank y Steven Sugarman, presidente y CEO, fue nombrado Presidente de la junta de Patriot National Bancorp. La Sra. Nickel ha formado parte de la junta de Patriot Bank desde el 19 de mayo de 2025 y aporta más de 30 años de experiencia en operaciones bancarias y transformación, incluyendo cargos de alto nivel en Banc of California y Bank of America.

Michael Carrazza pasa a Chairman Emeritus y permanece como director; la junta cita las recientes transacciones de capital y la gestión fortalecida como motores del cambio.

Patriot Bank (NASDAQ: PNBK) 이사회의 리더십 변화가 2025년 10월 30일부로 시행됩니다: Thedora Nickel이 Patriot Bank 이사회 의장으로 임명되었고 Steven Sugarman, 사장 겸 CEO가 Patriot National Bancorp 이사회 의장으로 임명되었습니다. Nickel 양은 2025년 5월 19일부터 Patriot Bank 이사회에서 근무해 왔으며 30년이 넘는 은행 운용 및 전환 경험을 보유하고 있으며 Banc of California 및 Bank of America에서의 선임 직책을 포함합니다.

Michael Carrazza는 명예회장(Chairman Emeritus)으로 전환하고 이사회 이사는 계속합니다; 이사회는 최근의 자본 거래와 강화된 경영진을 변화의 원동력으로 언급합니다.

Patriot Bank (NASDAQ: PNBK) a annoncé des changements de leadership au sein du conseil, effectifs au 30 octobre 2025: Thedora Nickel est nommée Présidente du conseil de Patriot Bank et Steven Sugarman, président-directeur général, est nommé Président du conseil de Patriot National Bancorp. Mme Nickel siège au conseil de Patriot Bank depuis le 19 mai 2025 et apporte plus de 30 années d'expérience dans les opérations bancaires et la transformation, notamment à des postes de direction chez Banc of California et Bank of America.

Michael Carrazza devient Chairman Emeritus et demeure administrateur; le conseil indique que les récentes transactions de capital et une direction renforcée sont les moteurs du changement.

Patriot Bank (NASDAQ: PNBK) gab Veränderungen in der Führung des Vorstands bekannt, wirksam ab dem 30. Oktober 2025: Thedora Nickel wird Vorsitzende des Patriot Bank-Vorstands und Steven Sugarman, Präsident und CEO, wird Vorsitzender des Vorstands von Patriot National Bancorp. Frau Nickel gehört dem Patriot Bank-Vorstand seit dem 19. Mai 2025 an und verfügt über mehr als 30 Jahre Erfahrung in Bankbetriebsführung und Transformation, einschließlich leitender Positionen bei Banc of California und Bank of America.

Michael Carrazza wird Chairman Emeritus und bleibt als Direktor tätig; der Vorstand nennt jüngste Kapitaltransaktionen und gestärkte Führung als Treiber der Veränderung.

Patriot Bank (NASDAQ: PNBK) أعلن تغييرات في قيادة مجلس الإدارة سارية المفعول اعتباراً من 30 أكتوبر 2025: Thedora Nickel ستُعين رئيسة مجلس إدارة Patriot Bank وSteven Sugarman، رئيسها التنفيذي، سيُعين رئيس مجلس Patriot National Bancorp. السيدة نيكل تشغل مقعداً في مجلس Patriot Bank منذ 19 مايو 2025 وتتمتع بخبرة تزيد عن 30 عاماً في عمليات البنوك والتحول، بما في ذلك أدوار عليا في Banc of California و Bank of America.

Michael Carrazza ينتقل إلى منصب Chairman Emeritus ويبقى عضواً في المجلس؛ ويشير المجلس إلى صفقات رأس المال الأخيرة وتعزيز الإدارة كعوامل محركة للتغيير.

Positive
  • Thedora Nickel named Chair of Patriot Bank board (effective Oct 30, 2025)
  • Steven Sugarman named Chair of Patriot National Bancorp board while serving as president and CEO
  • Michael Carrazza retains board role as Chairman Emeritus for continuity
  • Board adds 30+ years of banking operations and transformation experience via Nickel
Negative
  • None.

STAMFORD, Conn., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Patriot Bank, N.A. (“Patriot Bank”) and its holding company Patriot National Bancorp, Inc. (NASDAQ: PNBK) are pleased to announce Thedora Nickel as the new Chair of the Patriot Bank Board of Directors and President and Chief Executive Officer Steven Sugarman as Chair of the Patriot National Bancorp Inc. Board of Directors.

Thedora Nickel has served on the Board of Patriot Bank since May 19, 2025, and has over 30 years of bank experience, with deep expertise in operations, client service, and organizational transformation. She currently serves as Executive Director of The Change Company and Change Lending. Prior to this role, Ms. Nickel was Chief Administrative Officer at Banc of California where she led the strategic direction of key enterprise and operational functions. She previously held several senior leadership positions at Bank of America, most recently as SVP, Group Operations Executive, overseeing national research, resolution, and reconcilement functions in support of the bank’s bank centers, capture sites, and cash vaults. Earlier, she led the Transaction Services West Region with responsibility for over two thousand employees and five processing units.

A certified Six Sigma Executive, Ms. Nickel mentors MBA students at the University of California, Irvine and serves on the board of The Whole Child, a non-profit organization serving vulnerable families in Los Angeles County.

Michael Carrazza, who has served as Chairman of both Patriot National Bancorp, Inc. and Patriot Bank since 2010, commented, “I’m confident that the recent capital transactions and enhanced management capabilities brought by Steven Sugarman and his operating team will bring great value to Patriot and its shareholders. I’m thrilled to welcome both Steven and Thedora to assume these roles.” Mr. Carrazza has been named Chairman Emeritus and will continue to serve as a Director of both entities.

For more information about Patriot Bank, please visit www.bankpatriot.com

Media Contact:

Kirsten Hoekman
Patriot Bank, N.A.
Phone: (203) 252-5912
Email: khoekman@bankpatriot.com

        


FAQ

Who became Chair of the Patriot Bank board on Oct 30, 2025 for PNBK?

Thedora Nickel was named Chair of the Patriot Bank Board of Directors effective Oct 30, 2025.

Who is Chair of Patriot National Bancorp (PNBK) after the Oct 30, 2025 announcement?

Steven Sugarman, the company’s president and CEO, was named Chair of the Patriot National Bancorp board.

What role will Michael Carrazza hold after the Oct 30, 2025 leadership change at PNBK?

Michael Carrazza was named Chairman Emeritus and will continue to serve as a director of both entities.

How long has Thedora Nickel served on the Patriot Bank board before becoming Chair of PNBK?

Thedora Nickel has served on the Patriot Bank board since May 19, 2025.

Does the Oct 30, 2025 announcement indicate changes to Patriot Bank management responsibilities?

The announcement names new board chairs and notes Steven Sugarman remains president and CEO while assuming the holding company chair role.
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