PNBK Holdings LLC Acquires Controlling Interest In Patriot National Bancorp, Inc.
Patriot National Bancorp, Inc.
Patriot National Bancorp, Inc. (NASDAQ: PNBK), operates as the holding company for Patriot National Bank, which provides consumer and commercial banking services to individuals, small and medium-sized businesses and professionals. Its deposit products include checking accounts, NOW accounts, money market accounts, time certificates of deposit, savings accounts, individual retirement accounts and health savings accounts. The bank's lending portfolio comprises commercial mortgage and construction loans; working capital loans; equipment loans; real estate loans, including home mortgages, home improvement loans, bridge loans, and home equity lines of credit; other personal loans, such as lines of credit, installment loans, and credit cards; commercial loans, including secured and unsecured loans to service companies, real estate developers, manufacturers, restaurants, wholesalers, retailers, and professionals; and residential mortgage loans. Currently, the bank operates 19 branches in Darien, Fairfield, Greenwich, Milford, Norwalk, Old Greenwich, Southport, Stamford, Stratford, Trumbull, Westport and Wilton, CT; Bedford and Scarsdale, New York and Manhattan’s West Side. Patriot National Bank was founded in 1994 and the Company was founded in 1999.
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition, we set forth certain risks in our reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and Quarterly Reports on 10-Q filed thereafter, which could cause actual results to differ materially from those projected. We undertake no obligation to update such forward-looking statements except as required by law.
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