EX-99.1 2 ex_99-1.htm EXHIBIT 99-1 PRESS RELEASE Exhibit 99-1 Press Release


 

   
 
Contact:
Patriot National Bank
900 Bedford Street
Stamford, CT 06901
Charles F. Howell
President and CEO
Robert F. O’Connell
SEVP & CFO
(203) 324-7500


FOR IMMEDIATE RELEASE



PATRIOT NATIONAL BANCORP, INC. ANNOUNCES ITS QUARTERLY DIVIDEND


Stamford, CT, JUNE 7, 2007. Patriot National Bancorp, Inc. (NASDAQ Global Market "PNBK"), the parent of Patriot National Bank, announced that it has declared a quarterly dividend on its Common Stock.
 
The dividend, in the amount of $0.045 per share, will be payable on July 17, 2007 to shareholders of record as of the close of business on July 3, 2007.

During the second quarter the Bank opened a branch in Bedford, New York. The Bank has opened four branches in 2007 and currently has 14 branches in Connecticut and two in New York. The Bank has received regulatory approval to open four additional branch locations and anticipates opening two of these branches, in Westport, Connecticut and Scarsdale, New York before year end 2007.