Patriot Bank and Hana Small Business Lending Call Off Acquisition
The parent company of Stamford-based Patriot Bank is no longer pursuing the acquisition of Los Angeles-based Hana Small Business Lending.
The parent company of Stamford-based Patriot Bank is no longer pursuing the acquisition of Los Angeles-based Hana Small Business Lending.
Despite a bad loan and problems with federal regulators, the parent company of Stamford-based Patriot Bank managed to have a profitable fourth quarter of 2018.
The parent company of Stamford-based Patriot Bank has raised $10 million in a private placement offering, a portion of which will be used to acquire Hana Small Business Lending.
After a year of record earnings and an acquisition, Patriot Bank and its parent company are not slowing down.