leadership
confidence high
sentiment positive
materiality 0.75
Patriot National Bancorp appoints new directors, C-suite officers; $1.9M debt converted to equity
PATRIOT NATIONAL BANCORP INC
- Converted $1.9M in Senior Notes into 2.5M common shares; includes Chairman's entity.
- Appointed William Paul Simmons as EVP/Chief Credit Officer; salary $400k, 1M RSU initial award.
- Appointed Angie Miranda as EVP/Chief Risk Officer; salary $350k, 450k RSU initial award.
- Elected three new bank directors: Richard Smith, Jeff Seabold, Thedora Nickel.
- Annual meeting set for June 26, 2025; record date May 16; shareholder proposal deadline May 23.
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