PATRIOT NATIONAL BANCORP INC
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See all $PNBK insider activity →Patriot Bank, a wholly owned subsidiary of Patriot National Bancorp (NASDAQ: PNBK), said its OCC Formal Agreement dated Jan. 14, 2025 was terminated effective June 30, 2026, per an OCC order. Patriot Bank expects reduced regulatory costs and fees. Patriot Bank reported $1.3B in total assets.
De Tomasi Mario purchased 85,000 shares of PATRIOT NATIONAL BANCORP INC (PNBK) at $0.96 on 2026-05-27.
Patriot National Bancorp director Mario De Tomasi recently purchased 87,719 shares of the company's common stock for $100,876, increasing his direct ownership to 102,719 shares. This comes as the stock trades at $1.07, an 82% decrease over the past year, and is considered overvalued with "WEAK" financial health by InvestingPro. Additionally, Mr. De Tomasi was granted 66,667 Restricted Stock Units set to vest over three years, while the company has also announced executive team changes, including the departure of Frederick Staudmyer.
Recent PNBK coverage spans financial news, regulation and insider activity.
Termination of the OCC Formal Agreement should lower compliance burden and regulatory overhang for Patriot National Bancorp (via Patriot Bank), supporting sentiment and potentially improving earnings visibility.
The filing is a routine insider buy with limited incremental signal, since it is not tied to new company fundamentals or guidance.
Recent insider stock purchase by director Mario De Tomasi suggests potential confidence in the company's future prospects, despite overall weak financial health and significant stock decline.
The proposed reverse stock split aims to improve stock price and marketability, which could positively influence investor perception. However, the company's recent net loss indicates underlying financial challenges.
Patriot National Bancorp's latest 10-K reveals a net loss of $12.7 million amid increased non-interest income and improved credit trends. The decline in net interest income due to lower loan balances and higher operating expenses suggests cautious outlook. The company's focus on liquidity and balance sheet restructuring may support future stability, but current profitability concerns persist.
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Patriot Bank, a wholly owned subsidiary of Patriot National Bancorp (NASDAQ: PNBK), said its OCC Formal Agreement dated Jan. 14, 2025 was terminated effective June 30, 2026, per an OCC order. Patriot Bank expects reduced regulatory costs and fees. Patriot Bank reported $1.3B in total assets.
3 min readDe Tomasi Mario purchased 85,000 shares of PATRIOT NATIONAL BANCORP INC (PNBK) at $0.96 on 2026-05-27.
1 min readPatriot National Bancorp director Mario De Tomasi recently purchased 87,719 shares of the company's common stock for $100,876, increasing his direct ownership to 102,719 shares. This comes as the stock trades at $1.07, an 82% decrease over the past year, and is considered overvalued with "WEAK" financial health by InvestingPro. Additionally, Mr. De Tomasi was granted 66,667 Restricted Stock Units set to vest over three years, while the company has also announced executive team changes, including the departure of Frederick Staudmyer.
4 min readPatriot National Bancorp (PNBK) is seeking shareholder approval for several key items at its 2026 annual meeting on May 20, 2026, including the election of seven incumbent directors, authorization of a reverse stock split, and ratification of Baker Tilly US, LLP as its independent auditor. The proposed reverse stock split, at a ratio between 1-for-10 and 1-for-20, aims to boost the stock's per-share price to meet Nasdaq's minimum bid requirement and enhance marketability. The company reported a 2025 net loss of $12.7 million and 117,085,713 common shares outstanding as of April 7, 2026.
3 min readPatriot National Bancorp (PNBK) reported total interest and dividend income of $47.8 million and a net loss of $12.7 million, or $(0.17) per share. Despite an increase in non-interest income and improved credit trends, higher operating expenses and lower loan balances led to a decline in net interest income. The company focused on balance sheet repositioning and liquidity enhancement, resulting in an improved net loss compared to the prior year.
2 min readPatriot National Bancorp's President and CEO, Steven Sugarman, received 2,089,043 shares of voting common stock from the vesting of 4,049,593 restricted stock units (RSUs) on March 25, 2026. The remaining 1,960,550 RSU shares were withheld to cover tax obligations. Following this transaction, Sugarman directly holds 2,089,043 shares, with an additional 9,019,978 shares held indirectly through a living trust.
2 min readPatriot National Bancorp Inc announced significant progress in 2025, including raising nearly $100 million in equity to support growth and appointing a new executive team and board members. The company launched a strategic restructuring focusing on high-net-worth clients in key U.S. markets, reporting a Tier 1 capital ratio of over 18% as of September 2025. This information is based on their SEC filing on December 31, 2025.
3 min readSTAMFORD, Conn., June 05, 2025 ( GLOBE NEWSWIRE ) -- Patriot National Bancorp, Inc. ( NASDAQ: PNBK ) ( the "Company" ) , the parent company of Patriot Bank, N.A., today announced that it has successfully completed a registered direct offering of 8,524,160 shares of its common stock at a purchase ...
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