Patriot National Bancorp (PNBK) Announces $50M Private Placement
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Patriot National Bancorp Announces Over $50 Million Private Placement
March 20, 2025 5:00 PM EDTEquity recapitalization is expected to result in strong balance sheet and robust capital ratiosPresident Steven Sugarman entered into long-term employment agreementCEO David Lowery announces his decision to depart the CompanyPatriot Bank remains committed to enhancing its digital payments platform and to empowering the entrepreneurs, business leaders, and investors throughout the tri-state community.
STAMFORD, Conn., March 20, 2025 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (the Company) (NASDAQ: PNBK) announced today that it has entered into securities purchase agreements to raise over $50 million in a... More
