CEO Russell to Resign From Patriot Bank
Patriot Bank President and CEO Robert Russell Jr. plans to resign next month “to pursue another career opportunity,” the bank said in a statement yesterday.
Patriot Bank Saw 2022 Earnings Increase
Stamford-based Patriot Bank saw full-year 2022 earnings increase 20 percent, and the bank continues to evaluate its next strategic moves.
Patriot Bank Takes Steps to Maximize Shareholder Value
Stamford-based Patriot Bank could decide to sell itself if other strategies for maximizing shareholder value do not pan out.
Patriot Bank Hires Chief Credit Officer
Patriot Bank has hired Thomas E. Slater to be its next chief credit officer.
Patriot Bank Saw Third Quarter Earnings Increase
Stamford-based Patriot Bank saw third quarter earnings increase by 75 percent year-over-year as the bank has seen its loan portfolio grow nearly 17 percent in 2022.
Patriot Bank Adds Chief Payments Officer to Leadership Team
Stamford-based Patriot Bank has added to its executive leadership team with a position focused on payments.
Patriot Bank Continues Discussions With American Challenger
The parent company of Patriot Bank continues to discuss a possible deal with American Challenger Development Corp. weeks after the two Stamford-based companies called off their merger.
American Challenger Could Sell Itself After Merger Called Off
After the termination of its planned merger with Patriot Bank, Stamford-based American Challenger Corp. could put itself up for sale.
Patriot Bank, American Challenger Merger Called Off
Just weeks after receiving regulatory approval to merge, the parent company of Patriot Bank and American Challenger Development Corp. have terminated their merger agreement.
Patriot Bank Sees Benefits from Debit Card Program
Stamford-based Patriot Bank continues to see a positive impact on its financial results from a pre-paid debit card program the bank acquired nearly two years ago.
Patriot Bank Amends Merger Agreement with American Challenger
Patriot Bank’s parent company will now be the surviving entity following its merger with American Challenger Development Corp., a change from the original merger agreement between the two Stamford-based companies.
Patriot Bank Had First Profitable Year Since 2018
Stamford-based Patriot Bank ended 2021 with positive earnings after two years of losses.
Patriot Bank Expects Tech to Drive Cost Efficiencies After Merger
After Patriot Bank and American Challenger Development Corp. combine in a reverse subsidiary merger that is expected to close next year, Patriot will convert to the technology platform that American Challenger has been building for its digital bank.
Patriot Bank to Acquire American Challenger
The parent company of Stamford-based Patriot Bank has agreed to acquire American Challenger Development Corp. in a reverse subsidiary merger.
Prepaid Debit Card Program Helps Drive Patriot Bank’s Earnings
A prepaid debit card program that Patriot Bank acquired last year has helped drive the Stamford-based bank’s performance in 2021.
Patriot Bank Director Raymond Smyth Dies at 75
Raymond B. Smyth, a long-time director of Stamford-based Patriot Bank, died this week at the age of 75.
Patriot Bank No Longer Subject to OCC Agreement
The Office of the Comptroller of the Currency has ended a formal agreement with Stamford-based Patriot Bank that had required the bank to make changes to develop standards for executive compensation and policies around conflicts of interest.
Patriot Bank Parent Reports Second Quarter Income of $1M
Patriot National Bancorp Inc., the parent company of Stamford-based Patriot Bank, reported net income of $1 million in the second quarter of 2021, compared to a net loss of $1.3 million in Q2 2020.
Patriot Bank Has First Profitable Quarter Since 2019
Stamford-based Patriot Bank just had its first profitable quarter since 2019, as the bank saw first quarter net income of $854,000, or $0.22 basic and diluted earnings per share, compared to a net loss of $1.1 million in the first quarter of 2020.
Trombly Joins Patriot Bank
Stamford-based Patriot National Bank has hired Patrick Trombly as its senior vice president and deputy chief credit officer.
