STOCK TITAN

Patriot Bank elevates leader in payments to Executive Vice President and Chief Payment Officer

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Patriot National Bancorp, Inc. (NASDAQ: PNBK) announced the promotion of Al Botta, Jr. to Executive Vice President and Chief Payments Officer. Botta, who joined Patriot Bank in 2018, has over 20 years of experience in the payments industry, significantly growing the Bank's payments division. President and CEO Robert Russell praised Botta's leadership and expressed confidence in enhancing the Bank's revenue streams. Founded in 1994, Patriot provides banking solutions to individuals and small businesses across the U.S., emphasizing community involvement and client relationships.

Positive
  • Al Botta's promotion to Executive VP and Chief Payments Officer indicates strong leadership within the payments division.
  • Botta's extensive experience is expected to drive further growth in the Bank's payments services.
Negative
  • None.

STAMFORD, Conn., Sept. 23, 2022 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. ("Patriot") (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the "Bank"), today announced that the Bank has promoted Al Botta, Jr. to Executive Vice President and Chief Payments Officer.

Mr. Botta joined Patriot Bank in 2018 as SVP, Director of Payments. He brings with him over twenty years of experience in the payments and prepaid market space and has been responsible for the growth of the Bank’s payments division. Mr. Botta’s industry knowledge and experience have translated to significant growth in the Bank’s payments division. Mr. Botta has served in various senior capacities with several institutions including BankMobile, Customers Bank and Metropolitan Commercial Bank. He has developed strong relationships within the industry. Mr. Botta studied at Adelphi University focusing in Business Administration and Operations. "I am very excited to be a part of a dynamic management team that I've worked so closely with for the last several years. I welcome the opportunity to continue to expand the payments division successfully with Patriot," stated Mr. Botta.

''I am extremely pleased to be able to strengthen the Bank's leadership team. Al is an established and successful leader in payments. I look forward to building on the successful efforts Al has started and creating an even stronger, diversified revenue stream for Patriot," commented President and CEO Robert Russell.

About the Company

Founded in 1994, Patriot National Bancorp, Inc. ("Patriot" or "Bancorp") is the parent holding company of Patriot Bank N.A. ("Bank"), a nationally chartered bank headquartered in Stamford, CT. Patriot operates with full- service branches in Connecticut and New York and provides lending products and services nationally. Patriot's mission is to serve its local community and nationwide customer base by providing a growing array of banking solutions to meet the needs of individuals and small businesses owners. Patriot places great value in the integrity of its people and how it conducts business. An emphasis on building strong client relationships and community involvement are cornerstones of our philosophy as we seek to maximize shareholder value.

Contact:
Patriot Bank, N.A.
900 Bedford Street
Stamford, CT 06901
Robert G. Russell, Jr. President
& Chief Executive Officer
203-252-5900
  
www.BankPatriot.com 
 
Source: Patriot National Bancorp Inc.

FAQ

What recent management change occurred at Patriot National Bancorp?

Patriot National Bancorp promoted Al Botta, Jr. to Executive Vice President and Chief Payments Officer.

What experience does Al Botta bring to his new role at PNBK?

Al Botta has over 20 years of experience in the payments industry, having grown the Bank's payments division since joining in 2018.

How will Al Botta's promotion impact Patriot National Bancorp's revenue?

His leadership is expected to strengthen the payments division and diversify revenue streams at Patriot.

When was Patriot National Bancorp founded?

Patriot National Bancorp was founded in 1994.

Patriot National Bancorp Inc

NASDAQ:PNBK

PNBK Rankings

PNBK Latest News

PNBK Stock Data

14.77M
3.98M
39.29%
42.14%
0.07%
Banks - Regional
National Commercial Banks
Link
United States of America
STAMFORD