Patriot National Bancorp

Patriot Bank, N.A.

Company type	Public
Industry	Banking
Founded	1994-08-31
Headquarters	Stamford , United States
Area served	Fairfield County, Connecticut; New Haven County, Connecticut; Westchester County, New York
Products	Retail and commercial banking

Patriot Bank, N.A. (ticker symbol PNBK) functions as the bank holding company for Patriot Bank NA, which is headquartered in Stamford, Connecticut and publicly traded on the NASDAQ under the symbol PNBK.

The institution provides both retail and commercial banking solutions through a network of nine branches: seven located within Fairfield County, Connecticut, one situated in New Haven County, Connecticut, and another in Westchester County, New York.

History

Originally chartered as a community bank, Patriot National Bank commenced operations on August 31, 1994. Five years later, in 1999, Patriot National Bancorp, Incorporated was formed as a bank holding company based in Stamford. Subsequently, in 2003, the Patriot National Statutory Trust I was established to issue trust preferred securities, utilizing the capital raised to invest in subordinated debentures issued by the corporation.

In 2006, the bank expanded its footprint into New York by acquiring an existing branch and launching two additional branches. The institution further strengthened its community banking footprint in Connecticut through a definitive merger agreement signed in August 2017 to acquire Prime Bank of Orange, CT.

The organization adopted the "Patriot Bank" brand name in September 2015. Additionally, it reinstated quarterly dividend payments to shareholders in July 2017 for the first time since 2008.