Patriot National Bancorp

On August 31, 1994, Patriot National Bank obtained its charter and opened for business as a community bank. In 1999, Patriot National Bancorp, Incorporated was organized as a Bank Holding Company headquartered in Stamford, Connecticut. The Patriot National Statutory Trust I was founded on March 11, 2003, to issue trust preferred securities and invest the proceeds in subordinated debentures issued by the company.^[8]

In 2006, Patriot National Bank purchased a branch office and opened two new branch offices in New York, expanding its geographical footprint into New York State.^[9] In August 2017, Patriot announced the signing of a definitive merger agreement pursuant to acquire Prime Bank of Orange, CT, expanding its community banking presence in Connecticut.^[10][11]

In September 2015, the bank announced the bank announced its new name “Patriot Bank”.^[12] In July 2017, Patriot announced the resumption of quarterly dividends for shareholders in July 2017, for the first time since 2008.^[13]