Patriot National Bancorp, Inc. operates as the holding company for Patriot National Bank that provides a range of consumer and commercial banking services with an emphasis on serving the needs of individuals, small and medium-sized businesses, and professionals. The bank has nine branch offices in Connecticut. The bank conducts business at its main office located in Stamford, Connecticut and at other Connecticut branch offices located in Darien, Fairfield, Greenwich, Milford, Norwalk, Southport, Trumbull, and Westport. In New York State, the bank conducts business at branch offices located in Bedford and Scarsdale. The bank also operates a loan origination office in Stamford, Connecticut. The bank offers consumer and commercial deposit accounts that include checking accounts, interest-bearing ‘NOW’ accounts, insured money market accounts, time certificates of deposit, savings accounts, individual retirement accounts, and health savings accounts. Other services include Internet banking, bill paying, remote deposit capture, debit cards, money orders, traveler’s checks, and automated teller machines. The bank is a member of Certificates of Deposit Account Registry Service whereby customers could obtain complete Federal Deposit Insurance Corporation (FDIC) insurance coverage by placing large deposits into smaller-denomination CDs in multiple institutions. Loans The bank offers commercial loans to small and medium-sized businesses, including secured and unsecured loans to service companies, manufacturers, restaurants, wholesalers, retailers, and professionals doing business in the region. Other personal loans include lines of credit, installment loans, overdraft protection, and credit cards. Real estate loans made to individuals include home mortgages, home improvement loans, bridge loans and home equity loans and lines of credit. Other loans offered include commercial real estate loans to area businesses. In addition to offering residential real estate mortgage loans for its own portfolio, the bank solicits and processes mortgage loan applications from consumers on behalf of permanent investors and originates loans. Investments As of December 31, 2012, the company’s investment portfolio included U.S. government agency bonds, U.S. government agency mortgage-backed securities, and corporate bonds. Supervision and Regulation The company’s operations are subject to regulation, supervision, and examination by the Board of Governors of the Federal Reserve Board (the ‘Federal Reserve Board’). Under the Bank Holding Company Act of 1956, as amended, the company is required to file annually with the Federal Reserve Board a report of its operations. The company, the bank, and any other subsidiaries are subject to examination by the Federal Reserve Board. The company is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), and in accordance with the Exchange Act, files periodic reports, proxy statements and other information with the Securities and Exchange Commission. The bank’s operations are subject to regulation, supervision, and examination by the Comptroller of the Currency and the FDIC. The bank is a member of the Federal Reserve System and as such, is subject to applicable provisions of the Federal Reserve Act and regulations thereunder. The bank is subject to the federal regulations promulgated pursuant to the Financial Institutions Supervisory Act to prevent banks from engaging in unsafe and unsound practices, as well as various other federal and state laws and consumer protection laws. The bank is also subject to the comprehensive provisions of the National Bank Act. In addition to other laws and regulations, the company and the bank are subject to the Community Reinvestment Act, which requires the federal bank regulatory agencies, when considering certain applications involving the company or the bank, to consider the company’s and the bank’s record of helping to meet the credit needs of its entire community, including low- and moderate-income neighborhoods. History Patriot National Bancorp, Inc. was founded in 1994.
patriot national bancorp inc
900 Bedford Street
Stamford, CT 06901
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