Patriot National Bancorp launches strategic review, hires Performance Trust

PATRIOT NATIONAL BANCORP INC

Engaged Performance Trust Capital Partners to explore capital raise, partnership, sale, or M&A.
Process follows termination of merger with American Challenger Development Corp. in July 2022.
No decision made; no assurance any transaction will occur or its terms/timing.
Bank continues focusing on non-interest income businesses while evaluation is ongoing.

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