Patriot National Bancorp milestone as Patriot Bank’s OCC Formal Agreement terminated; $1.3B assets

Patriot National Bancorp announced termination of Patriot Bank’s OCC Formal Agreement, noting immediate regulatory and cost benefits.

Key Highlights:

• OCC terminated the Formal Agreement with Patriot Bank effective June 30, 2026, removing prior regulatory restrictions.
• Patriot Bank has $1.3 billion in total assets and expects reduced regulatory costs and fees to benefit shareholders.
• Company reported H1 2026 asset growth from $1.1B to $1.3B and new loan originations > $40M/month at ~7% yield.
• Beverly Hills branch already holds > $100M in deposits; expansion planned in Greenwich, Palm Beach, and New York.
• Board will not pursue a reverse stock split; management targets $2B in assets and expects improved profitability and capital metrics.

Original SEC Filing:

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