---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-001434"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T21:52:29.073907+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Patriot National Bancorp enters OCC agreement over unsafe practices; bank now in 'troubled condition'

## Summary
- OCC found unsafe/unsound practices and BSA/AML, credit, and strategic planning violations; Bank must take corrective actions.
- By Feb 28, 2025, Bank must achieve minimum capital: CET1 10%, Tier1 10%, Total 11.5%, Leverage 9%.
- OCC designated Bank as 'troubled condition'; prior individual minimum capital ratios terminated Jan 17, 2025.
- David Finn appointed permanent CFO (effective Jan 14, 2025); previously interim CFO since Oct 2024; no compensation change.
- Multiple plans (strategic, capital, BSA/AML, risk management) must be submitted to OCC within 30-90 days.

## SEC filing metadata
- accession: 0001437749-25-001434
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000143774925001434/0001437749-25-001434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000143774925001434/pnbk20250117_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-001434
- JSON: https://secwatch.observer/filing/0001437749-25-001434.json
- Plain text: https://secwatch.observer/filing/0001437749-25-001434.txt

## Key facts
- Executive change
  David Finn was appointed as Chief Financial Officer at PATRIOT NATIONAL BANCORP INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Effective on January 14, 2025, David Finn was appointed as Chief Financial Officer of Patriot and the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1098146/000143774925001434/0001437749-25-001434-index.htm

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