UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
Form 8-K
_____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): February 19, 2021
PATRIOT NATIONAL BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)
| Connecticut | 000-29599 | 06-1559137 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 900 Bedford Street, Stamford, Connecticut 06901 |
| (Address of Principal Executive Offices) (Zip Code) |
(203) 252-5900
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol | Name of each exchange on which registered | ||
| Common Stock | PNBK | NASDAQ Global Market |
Section 7 Regulation FD
Item 7.01. Regulation FD Disclosure.
On February 19, 2021, Patriot National Bancorp, Inc. announced the reorganization of Patriot Bank, N.A.’s SBA team to strengthen its nationwide SBA Business Lending Unit platform. A copy of the press release is attached hereto as Exhibit 99.1. The information contained in this Current Report on Form 8-K (including the exhibit) is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
Section 9 Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(c) ExhibitsExhibit No. Description 99.1 Press Release dated February 19, 2021
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PATRIOT NATIONAL BANCORP, INC. | ||
| Date: February 19, 2021 | By: | /s/ Robert G. Russell, Jr. |
| Robert G. Russell, Jr. | ||
| President and Chief Executive Officer | ||
EXHIBIT 99.1
Patriot Bank Announces Significant Upgrade to SBA Team
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.
Mr. Gary Griffin has been hired as the National SBA Sales Manager. Mr. Griffin brings over 30 years of extensive SBA and leadership experience. Mr. Griffin holds degrees in Finance from University of Denver and Accounting from Georgia State University.
Mr. Michael Green to serve as Vice President, Business Development Officer working out of Georgia. Mr. Green brings over 25 years of experience in the SBA industry. Mr. Green holds a degree in Accounting from Howard University.
Mr. Ty Barksdale to serve as Vice President, Business Development Officer working out of Ohio. Mr. Barksdale comes to Patriot with over 15-years of experience in SBA and USDA lending. Mr. Barksdale holds degrees in Economics and Mathematics from Hampden-Sydney College.
Mr. Skip Canavan to serve as Vice President, Business Development Officer working out of Florida. Mr. Canavan has over 20 years of experience in SBA and USDA lending. Mr. Canavan has a degree in Business Management from El Camino College and a degree in Lied Institute of Commercial Real Estate Studies from University of Las Vegas.
Ms. Rebecca Puglia to serve as Vice President, Senior Portfolio Manager and Underwriter. Ms. Puglia brings over 17 years of extensive experience in underwriting, portfolio management in the SBA and commercial lending fields. Ms. Puglia has a degree in Business Administration from Rowan College.
Ms. Susan Raizer to serve as Vice President, Senior Underwriter. Ms. Raizer brings over 23 years of extensive underwriting and portfolio management experience in SBA and commercial Lending. Ms. Raizer holds a Master of Arts Degree from Hunter College, a Master of Science Degree in Business Administration from Fordham University, and a Master of Science Degree from the University of North Dakota.
“I’m excited to welcome our new SBA team to Patriot and I look forward to the benefit they will bring to the Small Business community and Patriot”, commented President and CEO Robert Russell. “These individuals have been successful in developing new business opportunities and are very skilled in Small Business Lending.
About the Company
Founded in 1994, Patriot National Bancorp, Inc. (“Patriot” or “Bancorp”) is the parent holding company of Patriot Bank N.A. (“Patriot”), a nationally chartered bank headquartered in Stamford, CT. Patriot operates with full-service branches in Connecticut and New York and provides lending products and services nationally. Patriot’s mission is to serve its local community and nationwide customer base by providing a growing array of banking solutions to meet the needs of individuals and small businesses owners. Patriot places great value in the integrity of its people and how it conducts business. An emphasis on building strong client relationships and community involvement are cornerstones of our philosophy as we seek to maximize shareholder value.
| Contact: | ||
| Patriot Bank, N.A. 900 Bedford Street Stamford, CT 06901 www.BankPatriot.com | Frederick K. Staudmyer EVP & Chief Administrative Officer 203-252-5921 | Robert G. Russell, Jr. President & Chief Executive Officer 203-252-5939 |