Patriot National Bancorp
Patriot National Bancorp is a Connecticut-based bank holding company whose principal banking subsidiary provides retail and commercial banking services.
Last updated August 26, 2026
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Overview
Patriot National Bancorp is a bank holding company headquartered in Stamford, Connecticut. Its principal subsidiary is Patriot Bank, N.A., historically referred to as Patriot National Bank, a community bank serving customers in Connecticut and neighboring Westchester County, New York. The banking subsidiary provides retail and commercial banking services through a branch network concentrated in Fairfield County and New Haven County in Connecticut, together with a location in Westchester County, New York. The operating bank began as a community institution on August 31, 1994, when Patriot National Bank received its charter and opened for business. The holding-company structure was established in 1999 with the organization of Patriot National Bancorp, Incorporated. This structure placed the bank within a corporate parent designed to hold and support the banking business while allowing the institution to operate as a locally oriented community bank. The company expanded beyond its original Connecticut footprint in 2006. During that year, Patriot National Bank acquired a branch office and opened two additional branches in New York, extending its presence into the state and establishing the basis for its later service area in Westchester County. The expansion remained geographically regional rather than national, consistent with the institution’s community-banking orientation. The organization also developed a capital-markets structure through Patriot National Statutory Trust I, established on March 11, 2003. The trust was created to issue trust-preferred securities and invest the proceeds in subordinated debentures issued by the company. This was a financing and capital-structure initiative rather than a separate consumer-facing banking business. In September 2015, the bank announced a new operating name, Patriot Bank. The rebranding distinguished the customer-facing bank identity from the holding-company name Patriot National Bancorp. In August 2017, the company announced a definitive agreement to acquire Prime Bank of Orange, Connecticut. The proposed transaction was intended to strengthen Patriot’s community-banking presence in Connecticut. The available reference material does not establish the final completion or later outcome of that transaction. In July 2017, Patriot announced that it would resume quarterly dividends to shareholders. The announcement marked the first resumption of quarterly dividends since 2008. The available material does not provide the dividend amount, subsequent payment history, or the company’s current ownership, operating status, or financial condition. Accordingly, the present-day status of Patriot National Bancorp cannot be determined from the supplied sources alone.
History
Patriot National Bancorp’s operating history began with the formation of Patriot National Bank as a community bank. On August 31, 1994, the bank obtained its charter and opened for business. Its initial model was regional and community oriented, with retail and commercial banking serving customers in Connecticut. In 1999, Patriot National Bancorp, Incorporated was organized as a bank holding company headquartered in Stamford, Connecticut. The holding company became the corporate structure associated with Patriot National Bank, N.A., allowing the banking subsidiary to conduct its operating activities under a parent organization. The available reference does not identify the individuals who founded or led either the original bank or the holding company. The company added a capital-raising vehicle in 2003. Patriot National Statutory Trust I was established on March 11, 2003, to issue trust-preferred securities. The trust invested the proceeds in subordinated debentures issued by Patriot National Bancorp. This arrangement formed part of the company’s financing and regulatory-capital structure and was separate from the bank’s branch-based customer services. Patriot expanded its geographic reach in 2006 by purchasing a branch office and opening two new branch offices in New York. The move extended the bank’s footprint outside Connecticut into New York State, while retaining a regional concentration. The later branch network described in the reference consisted of seven locations in Fairfield County, Connecticut, one in New Haven County, Connecticut, and one in Westchester County, New York. In September 2015, the bank announced a new name, Patriot Bank. The change applied to the bank’s operating identity and did not replace the holding-company name Patriot National Bancorp. The rebranding gave the institution a shorter name for its retail and commercial banking activities while preserving the separate corporate identity of the parent company. The company pursued further Connecticut expansion in August 2017, when it announced a definitive merger agreement to acquire Prime Bank of Orange, Connecticut. The stated purpose was to expand Patriot’s community-banking presence in Connecticut. The supplied reference material does not document the closing of the agreement, any regulatory approval, or the final effects on the branch network. Also in July 2017, Patriot announced the resumption of quarterly dividends for shareholders. The announcement was notable because it represented the first resumption of quarterly dividends since 2008. No dividend amount or later distribution history is provided in the available material. Patriot National Bancorp is therefore documented primarily as a regional bank holding company connected to Patriot Bank, N.A. Its known development pattern includes community-bank formation, creation of a holding-company structure, a trust-preferred securities financing vehicle, geographic expansion into New York, operating-name rebranding, a proposed Connecticut bank acquisition, and a return to quarterly dividends. The supplied sources do not establish the company’s current operating status, current executives, present ownership, current financial condition, or the final outcome of the Prime Bank transaction.
- 2017
Patriot announced a proposed Prime Bank acquisition
[1]The company announced a definitive merger agreement to acquire Prime Bank of Orange, Connecticut.
- 2017
Quarterly dividends were announced for resumption
[1]Patriot announced the resumption of quarterly dividends, reportedly the first resumption since 2008.
- 2015
The operating bank adopted the Patriot Bank name
[1]The bank announced a new operating name, Patriot Bank.
- 2006
The bank expanded into New York
[1]Patriot purchased a branch office and opened two additional New York branch offices.
- 2003
Patriot National Statutory Trust I was established
[1]The statutory trust was formed on March 11 to issue trust-preferred securities and invest the proceeds in subordinated debentures issued by the company.
- 1999
Patriot National Bancorp was organized
[1]The bank holding company Patriot National Bancorp, Incorporated was organized with headquarters in Stamford, Connecticut.
- 1994
Patriot National Bank began operations
[1]Patriot National Bank obtained its charter on August 31 and opened as a community bank.
Products and positioning
A regional community-banking organization focused on retail and commercial banking services in southwestern Connecticut, selected areas of Connecticut, and neighboring Westchester County, New York.
Consumer financial services
Retail banking
Patriot Bank’s retail banking business serves individual customers through a regional branch network. The supplied reference identifies retail banking as one of the bank’s principal activities but does not enumerate specific account types, digital services, fee schedules, or other detailed consumer offerings.
Business financial services
Commercial banking
Commercial banking is a core activity of Patriot Bank, supporting the bank’s community-business orientation. The available source confirms the service category but does not provide a detailed list of commercial deposit, credit, treasury, or cash-management products.
Branch banking · 1994
Community banking
Community banking describes the institution’s regional operating model: branch-based retail and commercial banking concentrated in Connecticut and Westchester County, New York. The model is reflected in the bank’s local geographic footprint and its stated expansion of community-banking presence.
Brand decisions
2017
Proposed acquisition of Prime Bank of OrangeM&ABackground
Patriot aimed to enlarge its community-banking presence in Connecticut.
Action taken
The company announced a definitive merger agreement to acquire Prime Bank of Orange, Connecticut.
Aftermath
The supplied material does not establish whether the agreement closed or describe its subsequent effect.
2017
Resumption of quarterly dividendsOtherBackground
The company had not resumed quarterly dividends since 2008.
Action taken
Patriot announced that quarterly dividends to shareholders would resume.
Aftermath
The announcement marked the first resumption of quarterly dividends since 2008; later payment details are not provided.
2015
Adoption of the Patriot Bank operating nameStrategyBackground
The bank used a shorter customer-facing identity while the holding company retained the Patriot National Bancorp name.
Action taken
The bank announced the new name Patriot Bank.
Aftermath
The bank’s operating identity became Patriot Bank, while the holding-company identity remained distinct.
2006
Expansion into New YorkStrategyBackground
Patriot sought to extend its regional community-banking footprint beyond Connecticut.
Action taken
The bank purchased a branch office and opened two new branch offices in New York.
Aftermath
The available reference identifies the expansion but does not quantify its financial or customer impact.
Recent events
- 2017
Patriot National Bancorp announced a definitive agreement to acquire Prime Bank of Orange[1]
M&A
The proposed acquisition was intended to expand Patriot’s community-banking presence in Connecticut. The supplied reference does not confirm whether the transaction was completed.
- 2017
Patriot announced the resumption of quarterly dividends[1]
Other
Patriot announced that it would resume quarterly shareholder dividends, marking the first such resumption since 2008.
- 2015
Patriot Bank announced a new name[1]
Other
The bank announced that it would use the name Patriot Bank, creating a customer-facing identity distinct from the Patriot National Bancorp holding-company name.
Sources1 sources
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