PATRIOT NATIONAL BANCORP INC
Close on Oct 19, 2026
- Market cap
- $93.98M
- P/E (TTM)
- –
- Dividend yield
- –
About Patriot National Bancorp
National Commercial Banks, SIC 6021
Patriot National Bancorp, Inc. operates as a bank holding company whose primary business is Patriot Bank, N.A. The institution delivers relationship-based banking, treasury management, institutional banking, and digital payments services. It provides standard deposit offerings such as checking, savings, money market accounts, and certificates of deposit, along with lending products that include commercial real estate financing, lines of credit for businesses and high-net-worth clients, and asset-backed facilities. Its institutional banking arm serves financial technology companies, payment processors, and program managers with money movement, debit and credit card program sponsorship, and settlement operations. Targeted client groups comprise entrepreneurs, corporate leaders, family offices, fiduciaries, institutional entities, and underbanked individuals.
The company is headquartered in Stamford, Connecticut. It operates an eight-branch network consisting of seven locations in Connecticut and one branch in New York, while maintaining a representative banking office in Beverly Hills, California to serve the Los Angeles market. Additionally, its primary historical footprint covers the Tri-State region.
Summary of the business section of Patriot National Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- PATRIOT NATIONAL BANCORP INC
- Founded
- 1994
- Headquarters
- Stamford, CT
- Address
- 900 Bedford St 06901
- Phone
- (203) 324-7500
- Website
- bankpatriot.com
- Employees
- 107, Dec 31, 2025
- Industry
- National Commercial Banks
- Incorporated in
- Connecticut
- Fiscal year ends
- December 31
- Auditor
- Baker Tilly US, LLP, New York, New York
Stock & identifiers
- Ticker
- PNBK
- Exchange
- Nasdaq
- IPO date
- Aug 31, 1994
- Shares outstanding
- 119M, Aug 14, 2026
- Public float
- $71.20M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-10 reverse, Apr 1, 2015; 1-for-10 reverse, Mar 4, 2015
- SEC CIK
- 1098146
- CUSIP
- 70336F203
- ISIN
- US70336F2039
- LEI
- 549300T1270P6QIGPD23
- EIN
- 06-1559137
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Steven Sugarman | President and CEO, Director | 11,358,087 |
| Carlos P. Salas | EVP & Chief Financial Officer, Director | 1,666,667 |
| Michael A. Carrazza | Chairman of the Board, Director | 933,244 |
| William Paul Simmons | EVP & Chief Credit Officer | 333,333 |
| Angie Miranda | EVP & Chief Risk Officer | 93,282 |
| Tomasi Mario De | Director | 272,941 |
| Anahit Magzanyan | Director | 26,512 |
| Edward N. Constantino | Director | 43,542 |
| Jonathan Paul Roth | Director | 13,825 |
| Jeffrey T. Seabold | Director | 133,583 |
| Ida Haung Liu | Director | – |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 David Lowery | $187.96K | $187.96K | $1.36M | $18 | – |
| FY2025 Robert GRussell | $0 | $0 | $1.36M | $18 | – |
| FY2025 Steven ASugarman | $7.30M | $9.82M | $1.36M | $18 | – |
| FY2024 David Lowery | $659.89K | $537.82K | $598.58K | $15 | – |
| FY2024 Robert GRussell | $0 | $0 | $598.58K | $15 | – |
| FY2024 Steven ASugarman | $0 | $0 | $598.58K | $15 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company had 107 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 26, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 31, 2025 | Late filing | Notification of late filing |
| Nov 15, 2024 | Late filing | Notification of late filing |
| May 15, 2018 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 19, 2017 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 16, 2015 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Apr 13, 2015 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jan 10, 2014 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Dec 1, 2011 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Mar 29, 2011 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 19, 2010 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 10, 2010 | Late filing | Notification of late filing |
| Mar 13, 2009 | Late filing | Notification of late filing |