Patriot National Bancorp

Patriot National Bancorp, Inc. operates as a bank holding company. The firm offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, savings, prepaid deposit, online national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry services. Its loan portfolio consists of commercial real estate, commercial business, SBA, construction, purchased residential real estate, and various consumer loans. The company also offers automated clearing house transfers, lockbox, Internet banking, bill payment, remote deposit capture, debit cards, money orders, traveler's checks, and automatic teller machine services. The company was founded in 1999 and is headquartered in Stamford, CT.

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STAMFORD, Conn., April 29, 2021 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot”) (NASDAQ:PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced it has two executive hires and a promotion. Karen Rojeski has joined Patriot as its Executive Vice President and Chief Credit Officer. Steven Grunblatt has been promoted to Executive Vice President and Chief Information Officer. David Lowery has been hired as Head of Lending.

Patriot Bank announces key additions to executive leadership in credit, lending and information technology

STAMFORD, Conn., April 02, 2021 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced a net loss of $1.4 million, or $0.35 basic and diluted loss per share for the quarter ended December 31, 2020, compared to a net loss of $87 thousand reported in the third quarter of 2020. The net loss for the year ended December 31, 2020 was $3.8 million, or $0.97 per fully diluted share, as compared to a net loss of $2.8 million, or $0.72 per fully diluted shares in the fiscal year 2019. The Bank's loan loss provision on a year over year basis is down $2.8 million, or 56.3% to $2.2 million for the twelve months ended December 31, 2020.

Patriot Reports 2020 Year end Results

STAMFORD, Conn., Feb. 19, 2021 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot”) (NASDAQ:PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced the reorganization of the SBA team to strengthen its nationwide SBA Business Lending Unit platform. The Bank believes this will assist more Small Businesses in obtaining needed capital.

Patriot Bank Announces Significant Upgrade to SBA Team

STAMFORD, Conn., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot”) (NASDAQ: PNBK ), the parent company of Patriot Bank, N.A. (the “Bank”), today announced it has appointed a seasoned credit administrator, Patrick Trombly, as its Senior Vice President and Deputy Chief Credit Officer.

Patriot Bank announces key addition: Senior Vice President & Deputy Chief Credit Officer

STAMFORD, Conn., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced a net loss of $87,000, or $0.02 basic and diluted loss per share for the quarter ended September 30, 2020, compared with a net loss of $1.3 million reported in the second quarter of 2020. The improvement compared with the second quarter of 2020 resulted from a lower provision for loan losses and higher net interest and non-interest income.

Patriot Reports Minimal Net Loss of $87 thousand ($.02 per share) for third quarter 2020 – Loan Loss Provisions lowered; Net Interest and Non-interest Income Improve

STAMFORD, Conn., Aug.  25, 2020  (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced a pre­tax loss of $1.7 million (net loss of $1.3 million), or $0.32 basic and diluted loss per share for the quarter ended June 30, 2020.

Patriot Reports 2nd Quarter 2020 Net Loss

STAMFORD, Conn., July  21, 2020  (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced that it has closed on a transaction to acquire pre-paid debit card deposits from a prominent national provider and processor of prepaid debit cards for corporate, consumer, and government clients.  Balances associated with this acquisition are expected to total approximately $52 million within the next week, and to grow from that initial level over time

Patriot Bank Closes $52 million Pre-Paid Debit Card Transaction

STAMFORD, Conn., July  13, 2020  (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced that Robert G. Russell, Jr. has been named President and CEO of both the Bank and its parent company, Patriot.

Patriot Bank Names New President & CEO

Management’s strategic investment in digital banking plays key role in servicing throughout COVID-19 period Management’s strategic investment in digital banking plays key role in servicing throughout COVID-19 period

Patriot Reports 1st Quarter 2020 Loan Growth, and Deposit Growth offset by impact of COVID-19 Precautions and Provisions

STAMFORD, Conn., Aug.  23, 2019  (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced a pre-tax loss of $2.29 million, and net loss of $1.66 million, or $0.42 per fully diluted share for the quarter ended June 30, 2019, even as bank assets, loans, deposits and investment in its retail and SBA lending network continues to expand.

Patriot reports second quarter 2019 net loss of $1.66 million; Assets Up 5% as loans and deposits expand & SBA lending business grows; Declares quarterly dividend  

News for Patriot National Bancorp Stock (PNBK)