Patriot National Bancorp filings document the regulatory disclosures of a Connecticut bank holding company and its wholly owned banking subsidiary, Patriot Bank, N.A. The record includes current reports on Regulation FD presentations, material agreements, director indemnification arrangements, board appointments and departures, officer changes, capital actions and debt-related matters.
Proxy filings describe annual meeting proposals, director elections, auditor ratification and capital-structure voting matters. Other disclosures address common stock, preferred stock, senior notes, completed note repayment and conversion activity, governance procedures, executive compensation arrangements, and shareholder voting mechanics tied to the company’s public-company and bank holding company status.
Patriot National Bancorp Inc. (PNBK) reports that President and CEO Steven Sugarman was granted 293,098 restricted stock units on October 14, 2026, as a third-quarter equity award under his employment agreement. The RSUs vest in 12 equal monthly installments from October 14, 2026, through October 14, 2027, and are scheduled to settle on October 14, 2027, when the one-year restricted period expires.
Patriot National Bancorp Inc. reported that President and CEO Steven Sugarman's 1,147,031 restricted stock units settled on October 1, 2026, after the restricted period expired; the issuer delivered common shares without consideration paid by Sugarman. The issuer withheld 583,609 shares at $1.00 per share to satisfy tax obligations; those shares were not delivered to him. The direct position after settlement was 133,884 restricted stock units, and the Steven and Ainslie Sugarman Living Trust held 9,019,978 common shares indirectly. No Rule 10b5-1 plan is reported.
Patriot National Bancorp Inc. (PNBK) reported a debt offering under Rule 506(c), with $10,000,000 sold and $0 remaining. The first sale was September 18, 2026, and the notice lists $0 in finders' fees.
Patriot National Bancorp, Inc. (PNBK) is offering 5,739,130 shares of Common Stock, including 4,782,608 shares of Voting Common Stock and 956,522 Warrant Shares issuable upon exercise of five-year warrants. It will sell Voting Common Stock directly to accredited investors at $1.15 per share and issue one warrant for every five shares purchased; warrants are exercisable beginning six months after issuance at an initial exercise price of $1.25 per Warrant Share. Delivery is anticipated on or about September 24, 2026, subject to customary closing conditions, and the offering has no placement agent or underwriter.
PNBK estimates gross proceeds to it of $5,499,999.20 before expenses and net proceeds of approximately $5.15 million; full warrant exercise would provide approximately $1.2 million in additional net proceeds. It intends to use the proceeds for general corporate purposes, including capital expenditures, working capital, debt repayment, repayment of intercompany payables and administrative expenses, and expects at least two-thirds to be contributed to the Bank during the first year following closing. Common Stock outstanding was 118,742,200 shares as of September 23, 2026; the offering table states 123,524,808 shares immediately after closing.
Patriot National Bancorp, Inc. (PNBK) entered into securities purchase agreements dated September 23, 2026, with accredited investors for a registered direct offering of common stock and warrants. The company agreed to issue and sell the securities, subject to customary closing conditions. The common stock sale price is $1.15 per share, and one warrant will be issued for every five shares purchased.
Expected proceeds are approximately $5.5 million before estimated offering expenses of $350,000. The company intends to invest proceeds in its wholly owned bank subsidiary, Patriot Bank NA, and use them for general corporate purposes, which may include capital expenditures, working capital, interest payments, and general or administrative expenses.
The warrants are exercisable no earlier than six months after closing at $1.25 per Warrant Share. The underlying shares are Non-Voting Common Stock and may be exchanged for Voting Common Stock when a holder meets certain Non-Control Conditions. No underwriter or placement agent participated in the offering.
Patriot National Bancorp, Inc. (PNBK) issued and sold $10.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes on September 18, 2026. The unsecured notes mature on September 30, 2036, are obligations of the company only, and are not guaranteed by its subsidiaries. They rank junior in right of payment to the company’s current and future senior indebtedness and are intended to qualify as Tier 2 capital for regulatory capital purposes.
The notes bear interest at a fixed annual rate of 8.5%, payable semi-annually in arrears to but excluding September 30, 2031. From that date to but excluding maturity or early redemption, the rate resets quarterly to three-month SOFR plus 416 basis points; if three-month SOFR is below zero, it is deemed to be zero. Interest is then payable quarterly in arrears. The company may redeem all or part of the notes on or after September 30, 2031, subject to prior regulatory approval to the extent required; certain events permit redemption in whole but not in part. The notes have no sinking fund, are not convertible or exchangeable, and are not redeemable at holders’ option.
PATRIOT NATIONAL BANCORP INC (PNBK) director Mario De Tomasi reported purchasing 63,000 shares of common stock on September 8, 2026 in an open-market transaction at an average price of $0.96 per share, increasing his direct holdings to 272,941 shares.
The transaction was reported as a direct ownership purchase and was not reported as made under a Rule 10b5-1 trading plan.
PATRIOT NATIONAL BANCORP INC (symbol: PNBK) is the issuer of record for a Form 4 filing submitted to the SEC.
Patriot National Bancorp, Inc. reported that on August 17, 2026 it posted a presentation covering certain Q2 2026 financial information on its Investor Relations website. The same presentation is furnished as Exhibit 99.1 to this report as a Regulation FD disclosure.
The company states that this information, including the exhibit, is being furnished rather than filed under the Securities Exchange Act, and therefore is not subject to Section 18 liabilities or automatically incorporated into other securities law filings.
Patriot National Bancorp, Inc. reported much stronger results for the quarter ended June 30, 2026, posting net income of $143 thousand versus a net loss of $5.0 million a year earlier, as net interest income more than doubled to $8.96 million and the provision for credit losses declined. For the first six months, the company still recorded a net loss of $1.61 million, but this was significantly improved from a $7.78 million loss in the prior-year period.
Total assets rose to $1.32 billion, driven by strong loan growth, with net loans increasing to $877.4 million from $585.7 million, funded largely by deposit growth to $1.20 billion. Digital payments income continued to be an important revenue source, contributing $5.35 million year-to-date.
Credit quality remains a focus: non-accrual loans totaled $25.0 million, and the allowance for credit losses on loans increased to $8.47 million. The company also recorded a $5.5 million fair value write-down on certain credit card receivables, partly offset by $5.34 million of recoveries via indemnification and setoff rights. Rising rates pushed unrealized losses on available-for-sale securities to $21.0 million, contributing to a year-to-date comprehensive loss of $5.88 million.
Regulatory capital remained solid. As of June 30, 2026, the bank’s total capital ratio was 14.15%, above “well capitalized” thresholds, and the OCC formally terminated its prior agreement, lifting heightened capital and operational constraints.