Patriot National Bancorp CEO Robert Russell resigns; David Lowery named successor effective April 21

PATRIOT NATIONAL BANCORP INC

Robert G. Russell, Jr. resigned as President, CEO and Director, effective April 21, 2023.
David Lowery, previously EVP and Chief Lending Officer, promoted to President, CEO and Director effective April 21.
Lowery joined Patriot Bank in April 2021 and led lending growth; prior roles at IBERIABANK, Metropolitan Commercial Bank, M&T Bank.
Russell is leaving to pursue another career opportunity; transition period through late April.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

David Lowery

President, Chief Executive Officer and Director

PNBK · PATRIOT NATIONAL BANCORP INC

Effective: 2023-04-21
Filed: March 29, 2023, 7:59 PM ET

David Lowery, Executive Vice President and Chief Lending Officer of Patriot Bank, was promoted by the Board of Directors to serve as President, Chief Executive Officer and Director of the Company and Patriot Bank on March 26, 2023, to be effective as of April 21, 2023.

Departed

Robert G. Russell, Jr.

President, Chief Executive Officer and Director

PNBK · PATRIOT NATIONAL BANCORP INC

Effective: 2023-04-21
Successor: David Lowery
Filed: March 29, 2023, 7:59 PM ET

On March 23, 2023, Robert G. Russell, Jr. tendered his resignation as President, Chief Executive Officer and Director of Patriot National Bancorp, Inc. (the “Company”) and Patriot Bank, N.A., a wholly-owned subsidiary of the Company (“Patriot Bank”), to be effective as of April 21, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Lowery was appointed as President, Chief Executive Officer and Director at PATRIOT NATIONAL BANCORP INC.

Action: promoted
Role: President, Chief Executive Officer and Director

Exact text from the filing

David Lowery, Executive Vice President and Chief Lending Officer of Patriot Bank, was promoted by the Board of Directors to serve as President, Chief Executive Officer and Director of the Company and Patriot Bank on March 26, 2023, to be effective as of April 21, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert G. Russell, Jr. resigned as President, Chief Executive Officer and Director at PATRIOT NATIONAL BANCORP INC.

Action: resigned
Role: President, Chief Executive Officer and Director

Exact text from the filing

On March 23, 2023, Robert G. Russell, Jr. tendered his resignation as President, Chief Executive Officer and Director of Patriot National Bancorp, Inc. (the “Company”) and Patriot Bank, N.A., a wholly-owned subsidiary of the Company (“Patriot Bank”), to be effective as of April 21, 2023.

View on SEC.gov

PATRIOT NATIONAL BANCORP INC filing history →

Source: SEC EDGAR

accession 0001171843-23-001969

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