Highest-materiality recent filing
Entered indemnification agreements with directors Anahit Magzanyan, Jonathan Roth, Mario De Tomasi, Carlos P. Salas, and Jeffrey Seabold.
Raised nearly $100M in common equity in 2025; Tier 1 capital ratio >18% as of Sept 30, 2025.
Patriot National Bancorp EVP and CIO Steven Grunblatt Passes Away
Steven Grunblatt, Executive Vice President and Chief Information Officer, died on December 18, 2025.
Offering consists of 19.2M voting common shares and 12.8M non-voting shares (via warrants), plus warrants for additional shares.
Patriot National Bancorp dismisses RSM, taps Baker Tilly as auditor; CEO Sugarman to become Chairman
RSM US LLP dismissed as auditor on Aug 22, 2025; Baker Tilly appointed for fiscal 2025. No disagreements or reportable events.
Patriot National Bancorp appoints Salas CFO, converts $2.8M debt to equity; De Tomasi named director
Unity and AmBank converted $2.8M aggregate principal/interest into 3.7M shares at $0.75/share.
Patriot National Bancorp completes $10.7M registered direct offering at $1.25/share
Gross proceeds of $10,655,200 from sale of 8,524,160 shares at $1.25 per share.
Patriot National Bancorp raises ~$10.5M in registered direct offering of 8.5M shares at $1.25/share
Issued 8,524,160 shares at $1.25 each in registered direct offering to accredited investors.
Patriot National Bancorp appoints new directors, C-suite officers; $1.9M debt converted to equity
Converted $1.9M in Senior Notes into 2.5M common shares; includes Chairman's entity.
The Company has previously reported that Angie Miranda was appointed as the Executive Vice President and Chief Risk Officer of the Bank, to be effective as of May 6, 2025, and that the compensation to Ms. Miranda was being negotiated.
On May 13, 2025, William Paul Simmons was appointed as the Executive Vice President and Chief Credit Officer of Patriot Bank, N.A., the Company’s wholly-owned subsidiary (the “Bank”).
Max materiality 0.80 · Median 0.55 · Most common event other_material