<SEC-DOCUMENT>0001193125-17-104330.txt : 20170330
<SEC-HEADER>0001193125-17-104330.hdr.sgml : 20170330
<ACCEPTANCE-DATETIME>20170330171702
ACCESSION NUMBER:		0001193125-17-104330
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170330
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170330
DATE AS OF CHANGE:		20170330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PATRIOT NATIONAL BANCORP INC
		CENTRAL INDEX KEY:			0001098146
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				061559137
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29599
		FILM NUMBER:		17726879

	BUSINESS ADDRESS:	
		STREET 1:		900 BEDFORD ST
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
		BUSINESS PHONE:		2033247500
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d371030d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event Reported):&nbsp;March 30, 2017 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>PATRIOT NATIONAL BANCORP, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in Charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Connecticut</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>000-29599</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>06-1559137</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification Number)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>900 Bedford Street, Stamford, Connecticut 06901 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(203) 324-7500 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;7 &#150; Regulation FD </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;7.01. Regulation FD Disclosure </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On
March&nbsp;30, 2017, Patriot National Bancorp, Inc. (&#147;Patriot&#148; or the &#147;Company&#148;) issued a press release, attached hereto as Exhibit 99.1, regarding a material payment made by its fidelity insurer on March&nbsp;29, 2017 in
connection with a claim of loss submitted by the Company&#146;s bank subsidiary, Patriot Bank N.A. (the &#147;Bank&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The payment is in connection
with the material charge to the Bank&#146;s&nbsp;loan loss reserve disclosed in a Current Report on Form 8-K filed by the Company on September&nbsp;19, 2016 and is considered a successful recovery action sought by the Company, and will be recognized
as a gain for the quarter ending March&nbsp;31, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information contained herein and the exhibit attached herewith shall be deemed furnished and
not filed. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&nbsp;9.01. Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Exhibits. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release of Patriot National Bancorp, Inc., dated March 30, 2017</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>PATRIOT NATIONAL BANCORP, INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;March 30, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Neil McDonnell</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:&nbsp;Neil McDonnell</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:&nbsp;Executive Vice President &amp; Chief Financial Officer</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d371030dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g371030001.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Contact:</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Patriot Bank, N.A.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Michael Carrazza</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Neil M. McDonnell</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">900 Bedford Street</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CEO &amp; Chairman</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">EVP &amp; CFO</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stamford,&nbsp;CT&nbsp;06901</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">203-251-8230</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">203-252-5938</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>www.BankPatriot.com</U></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Patriot Bank Collects nearly $2.8 Million on Loan Recovery </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>March&nbsp;30, 2017 </B>&#151; Patriot National Bancorp, Inc. (&#147;Patriot&#148; or the &#147;Company&#148;) announced that it has reached and concluded
a favorable resolution with its fidelity insurer in connection with a claim of loss submitted by its bank operating subsidiary, Patriot Bank, NA (the &#147;Bank&#148;). Patriot Bank received full payment on March&nbsp;29, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The payment was a result of an insurance claim pursued by Patriot in connection with a previously reported loan loss that arose from a borrower fraud. The
bankruptcy of the borrower, coupled with uncertainty of collection, led to the Bank&#146;s loan loss as reported on Form 8-K on September&nbsp;19, 2016. At that time, the Bank was unable to obtain confirmation from its insurer that any amounts would
be covered under its policy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Michael Carrazza, Patriot&#146;s Chairman and interim CEO said</B>, &#147;We are pleased to bring this arduous recovery
effort to a satisfactory conclusion. The result is immediately and materially accretive for Patriot and its shareholders, and this event complements the positive momentum Patriot has been experiencing.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The payment stems from a $3 million bridge loan provided by Patriot to Seaboard Realty, LLC, in conjunction with the construction of a Marriott Residence Inn
on Atlantic Street in Stamford, CT. Seaboard Realty LLC, along with its&nbsp;affiliates, owned and was constructing multiple, well-located, high profile properties in downtown Stamford. These included the Courtyard Marriott on Summer Street, the 1
Atlantic Street office building, as well as the Park Square residential development on </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">1 | Page </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g371030001.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Summer Street. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Today&#146;s announcement comes on the heels of Patriot recently announcing 28% earnings growth in the 4th quarter, following 29% earnings growth in the 3<SUP
STYLE="font-size:85%; vertical-align:top">rd</SUP>&nbsp;quarter 2016. Just last week Patriot announced that net income for the fourth quarter ending December&nbsp;31, 2016&nbsp;was $1,045,000 or $0.27 diluted income per share, with total assets up
11%; net loans up 4%; and deposit growth of&nbsp;12%. Those results are credited as a&nbsp;direct result of ongoing performance enhancing strategies introduced when Mr.&nbsp;Carrazza assumed the role of interim CEO in August 2016. This recovery will
be recognized as a gain in the results of operations for the three months ending March&nbsp;31, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"># # # </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About the Company</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Patriot National Bancorp, Inc. is
headquartered in Stamford, Connecticut and the Bank has 10 full service branches, eight in Connecticut and two in New York. Since opening its doors in 1994, the Company&#146;s mission has been to serve our local communities by helping our neighbors
and neighborhood businesses thrive. All lending is handled locally and is specific to each borrower, and the commitment to local businesses goes further to connect, support and grow businesses in both the for-profit and nonprofit sectors, along with
municipalities. Patriot believes a well-connected community is a strong community&#151;and that together, all will prosper. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>&#147;Safe Harbor&#148;
Statement Under Private Securities Litigation Reform Act of 1995</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain statements contained in Bancorp&#146;s public statements, including this one,
may be forward looking and subject to a variety of risks and uncertainties. These factors include, but are not limited to, (1)&nbsp;changes in prevailing interest rates which would affect the interest earned on Bancorp&#146;s interest earning assets
and the interest paid on its interest bearing liabilities, (2)&nbsp;the timing of repricing of Bancorp&#146;s interest earning assets and interest bearing liabilities, (3)&nbsp;the effect of changes in governmental monetary policy, (4)&nbsp;the
effect of changes in regulations applicable to Bancorp and the Bank and the conduct of its business, (5)&nbsp;changes in competition among financial service companies, including possible further encroachment of non-banks on services traditionally
provided by banks, (6)&nbsp;the ability of competitors that are larger than Bancorp to provide products and services which it is </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">2 | Page </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g371030001.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
impracticable for Bancorp to provide, (7)&nbsp;the state of the economy and real estate values in Bancorp&#146;s market areas, and the consequent effect on the quality of Bancorp&#146;s loans,
(8)&nbsp;recent governmental initiatives that are expected to have a profound effect on the financial services industry and could dramatically change the competitive environment of the Company, (9)&nbsp;other legislative or regulatory changes,
including those related to residential mortgages, changes in accounting standards, and Federal Deposit Insurance Corporation (&#147;FDIC&#148;) premiums that may adversely affect the Company, (10)&nbsp;the application of generally accepted
accounting principles, consistently applied, (11)&nbsp;the fact that one period of reported results may not be indicative of future periods, (12)&nbsp;the state of the economy in the greater New York metropolitan area and its particular effect on
the Company&#146;s customers, vendors and communities and other such factors, including risk factors, as may be described in Bancorp&#146;s other filings with the SEC. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">3 | Page </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g371030001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g371030001.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ 60"X P$1  (1 0,1 ?_$ *@  0 " P$! 0
M       &!P0%" (# 0$!  ,! 0$               (#! $%!A   0,# P$$
M!04*"PD!     0(#!  %!A$2!R$Q42(306$R% AQ@;)S%9%"4F(CLS06-C>A
ML=%R@C-TE'56%_"B0U.#DR0E-1@1  (" @$"! 8" P$!       ! @,1!#$A
M$D%1<3)A@2(3,Q1"4I&Q!='A_]H # ,!  (1 Q$ /P#JF@% * K7FG/'<68L
M28RRE]^>V^^D'J8T<@N)/J5N K1KU]V3-LV]N/4L=A]I]AM]I6YIU*5MJ'I2
MH:@_<K.T:4SW0"@% * 4 H!0"@% * 4 H!0"@% * 4 H!0"@% <J<[Y#]L<@
M2F$*W1K4A,-O3LWCQN_[RM/FKT]:.(>IY6U/,_0N[A#(C>>/H <7ODV[6$_K
MV_DO8/\ VRFL>Q'$S;K3[H+X$]J@T"@% * 4 H!0"@% * 4 H!0"@% * 4 H
M!0 D#MH#\<6E"%+6H(2D$J43H !Z3K0%)3.,>%D.R9EVR?SGWGEN/.*G,).]
M:B5#1 [S5_[C7D5+_FMOB1,.-QQA;),JU8;.$IUX)>EH:<=DH&T;0I2_$V@G
MY1K54[^]]2Y:;J6<81O\OSK&<1A)E7N6&?,.C,= WO.'\1L=3IW]E5RDER6T
MT2L>(H@$GXFL)2M2(L"X25=C6C:$[U'L !7N_@J'WD:U_P RSQ:+'Q>\W.\6
MQ$Z?:7;.7>K460M*WMI^^6E'L?(>M61>3%;!1>$\FWKI6* 4 H!0"@% * 4
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MFV',XUYG*C,PI++8#I;E.I"67 RL(/EJU\6NNO9T]-<E7A$HV=S)#598* 4
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(% * 4 H#_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
