---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-022212"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2026-07-01T10:09:49+00:00"
generated_at: "2026-07-01T10:15:05.658686+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# OCC terminates Formal Agreement with Patriot Bank; regulatory overhang removed

## Summary
- OCC terminated Formal Agreement effective June 30, 2026, citing safety and soundness no longer requires it.
- Patriot spent over $5M on compliance since 2025; expects costs to decline sharply going forward.
- Assets grew from $1.1B to $1.3B in H1 2026; loan originations >$40M/month at ~7% yield.
- Beverly Hills location has >$100M in deposits; expansion into Greenwich and Palm Beach underway.
- Board decided not to pursue reverse stock split; targeting $2B in assets for further scale.

## SEC filing metadata
- accession: 0001437749-26-022212
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2026-07-01T10:09:49+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000143774926022212/0001437749-26-022212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000143774926022212/pnbk20260701_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-022212
- JSON: https://secwatch.observer/filing/0001437749-26-022212.json
- Plain text: https://secwatch.observer/filing/0001437749-26-022212.txt

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