---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-016722"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2022-07-06T23:59:59+00:00"
generated_at: "2026-06-24T20:25:58.359202+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Patriot National Bancorp receives conditional OCC approval for merger with American Challenger and $875M capital raise

## Summary
- OCC conditionally approved Patriot Bank's asset composition change on June 30, 2022.
- Approval terminates if merger not consummated within six months unless OCC extends.
- Merger of American Challenger into Patriot requires shareholder approval.
- Capital raise of at least $875 million and commercial loan portfolio acquisition are ongoing.
- Chairman cites OCC approval as significant milestone toward creating a digital-forward bank.

## SEC filing metadata
- accession: 0001437749-22-016722
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2022-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000143774922016722/0001437749-22-016722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000143774922016722/pnbk20220706_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-016722
- JSON: https://secwatch.observer/filing/0001437749-22-016722.json
- Plain text: https://secwatch.observer/filing/0001437749-22-016722.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.