Patriot National Bancorp Announces Completion of $12 Million Senior Debt Offering

December 21, 2022

https://www.globenewswire.com/news-release/2022/12/21/2578277/31179/en/Patriot-National-Bancorp-Announces-Completion-of-12-Million-Senior-Debt-Offering.html

STAMFORD, Conn., Dec. 21, 2022 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ:PNBK), the parent company of Patriot Bank, National Association (the “Bank”), today announced the issuance and sale (the “Offering”) of $12 million in aggregate principal amount of 8.50% Fixed-Rate Senior Notes due 2026 (the “Notes”). The Company used the proceeds from the Offering to repay in full its 7.50% Senior Notes, due on December 31, 2022.

Read more at globenewswire.com

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