<SEC-DOCUMENT>0001437749-18-001949.txt : 20180207
<SEC-HEADER>0001437749-18-001949.hdr.sgml : 20180207
<ACCEPTANCE-DATETIME>20180207172443
ACCESSION NUMBER:		0001437749-18-001949
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20180207
DATE AS OF CHANGE:		20180207
GROUP MEMBERS:		MICHAEL A. CARRAZZA
GROUP MEMBERS:		PNBK SPONSOR LLC

SUBJECT COMPANY:	

	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:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-58533
		FILM NUMBER:		18582024

	BUSINESS ADDRESS:	
		STREET 1:		900 BEDFORD ST
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
		BUSINESS PHONE:		2033247500

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PNBK Holdings LLC
		CENTRAL INDEX KEY:			0001501924
		IRS NUMBER:				271503906

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O PATRIOT NATIONAL BANCORP, INC.
		STREET 2:		900 BEDFORD STREET
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
		BUSINESS PHONE:		203-324-7500

	MAIL ADDRESS:	
		STREET 1:		C/O PATRIOT NATIONAL BANCORP, INC.
		STREET 2:		900 BEDFORD STREET
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>pnbkhld20180207_sc13da.htm
<DESCRIPTION>SCHEDULE 13D/A
<TEXT>
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	<title>pnbkhld20180207_sc13da.htm</title>

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<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

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<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>UNITED STATES</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Washington, D.C. 20549</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>SCHEDULE 13D</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Under the Securities Exchange Act of 1934</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(Amendment No.<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;2</font></b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>)*</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:Times New Roman, Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>Patriot National Bancorp, Inc.</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(Name of Issuer)</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Common Stock, par value $0.01</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(Title of Class of Securities)</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>70336F203</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(CUSIP Number)</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Richard A. Krantz, Esq.</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Robinson<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&amp; Cole LLP</font></b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>666 Third Avenue, 20</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><sup><b>th</b></sup></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>&nbsp;Floor</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>New York, NY 10017</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(212) 451-2962</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>January 4, 2018</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(Date of Event Which Requires Filing of This Statement)</b></p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&#9744;</font></p>

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<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Note</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

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			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">*</p>
			</td>
			<td style="vertical-align:top;width:96%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">The remainder of this cover page shall be filled out for a reporting person<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</font></p>
			</td>
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<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">The information required on the remainder of this cover page shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;18 of the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">CUSIP No<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;<b>70336F203</b></font></p>
			</td>
			<td style="vertical-align:bottom;width:2%;">&nbsp;</td>
			<td style="vertical-align:top;width:47%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:right;"><b>Page 2 of 7</b></p>
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<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-collapse: collapse;">

		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(1)&nbsp;</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Names of Reporting Persons.</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">I.R.S. Identification Nos. of above persons (entities only).</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>PNBK Holdings LLC; I.R.S. Identification No.: 27-1503906</b></p>
			</td>
		</tr>
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			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(2)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the Appropriate Box if a Member of a Group (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(a)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&#9744;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&#9744;</font></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(3)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">SEC Use Only</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(4)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Source of Funds (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>WC</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(5)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9744;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(6)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Citizenship or Place of Organization</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Delaware</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align: bottom; border-bottom: 1px rgb(0, 0, 0); width: 13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Number<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;of</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(7)&nbsp;</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Sole Voting Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,000 </b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>*</b></font></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:middle;border-bottom: 1px #000000;;width:13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Shares</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Beneficially</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Owned<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;by</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(8)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shared Voting Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>0</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:middle;border-bottom: 1px #000000;;width:13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Each</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Reporting</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Person</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(9)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Sole Dispositive Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,000 </b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>*</b></font></p>
			</td>
		</tr>
		<tr style="border-bottom: 1px solid rgb(0, 0, 0);">
			<td colspan="3" style="vertical-align: top; border-bottom: 1px rgb(0, 0, 0); width: 13.1%; text-align: center;">With</td>
			<td style="vertical-align:bottom;border-bottom: 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(10)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom: 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shared Dispositive Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>0</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(11)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Aggregate Amount Beneficially Owned by Each Reporting Person</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,000 </b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>*</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(12)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check if the Aggregate Amount in Row (11)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;Excludes Certain Shares (See Instructions)</font></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9746;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(13)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Percent of Class Represented by Amount in Row (11)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>56.34</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>%</b><b> **</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(14)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Type of Reporting Person (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>OO</b></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>* </i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>T</i><i>he voting and dispositive power over 325,000 shares of the 2,520,000</i><b><i> </i></b><i>shares owned by PNBK Holdings LLC (&ldquo;</i><u><i>Holdings</i></u><i>&rdquo;) have been assigned by Holdings, PNBK Sponsor LLC and Michael A. Carrazza to </i><i>an individual</i><i> pursuant to that certain</i><i> Voting and Disposition Agreement, dated as of April&nbsp;8,&nbsp;2015, by and among </i><i>the parties</i><i> (filed as an exhibit to Amendment No. 1 to Schedule 13D filed with the SEC on April 9, 2015)</i><i>. </i><i>The Reporti</i><i>ng Person</i><i> expressly disclaim</i><i>s</i><i> beneficial ownership of such securities, however Holdings remains the registered holder of such </i><i>325,000 shares </i><i>and it retains the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, such </i><i>325,000 shares</i><i>.</i></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>** Calculated based on </i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>3,895,720</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>&nbsp;</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>shares of Common S</i><i>tock of </i><i>Patriot National Bancorp, Inc. (the &ldquo;</i><u><i>Issuer</i></u><i>&rdquo;)</i><i> outstanding</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i> as of </i><i>November 6, 2017</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>, as reported in </i><i>the Issuer&rsquo;s</i><i> Quarterly </i><i>Report</i><i> on Form 10-Q filed with the SEC </i><i>on November 9, 2017</i><i>.</i></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

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<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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		<tr>
			<td style="vertical-align:top;width:51%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">CUSIP No<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;<b>70336F203</b></font></p>
			</td>
			<td style="vertical-align:bottom;width:2%;">&nbsp;</td>
			<td style="vertical-align:top;width:47%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:right;"><b>Page 3 of 7</b></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-collapse: collapse;">

		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(1)&nbsp;</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Names of Reporting Persons.</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">I.R.S. Identification Nos. of above persons (entities only).</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>PNBK Sponsor LLC; I.R.S. Identification No.: 27-1503852</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(2)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the Appropriate Box if a Member of a Group (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(a)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&#9744;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&#9744;</font></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(3)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">SEC Use Only</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(4)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Source of Funds (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>AF</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(5)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9744;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(6)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Citizenship or Place of Organization</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Delaware</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align: bottom; border-bottom: 1px rgb(0, 0, 0); width: 13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Number<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;of</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(7)&nbsp;</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Sole Voting Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>815</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:middle;border-bottom: 1px #000000;;width:13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Shares</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Beneficially</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Owned<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;by</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(8)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shared Voting Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,000 *</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:middle;border-bottom: 1px #000000;;width:13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Each</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Reporting</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Person</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(9)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Sole Dispositive Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>815</b></p>
			</td>
		</tr>
		<tr style="border-bottom: 1px solid rgb(0, 0, 0);">
			<td colspan="3" style="vertical-align: top; border-bottom: 1px rgb(0, 0, 0); width: 13.1%; text-align: center;">With</td>
			<td style="vertical-align:bottom;border-bottom: 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(10)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom: 1px #000000;;width:0.2%;">&nbsp;</td>
			<td style="vertical-align:top;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shared Dispositive Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,000 *</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(11)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Aggregate Amount Beneficially Owned by Each Reporting Person</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,815</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b> *</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(12)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check if the Aggregate Amount in Row (11)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;Excludes Certain Shares (See Instructions)</font></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9746;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(13)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Percent of Class Represented by Amount in Row (11)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>56.36</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>%</b><b>**</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(14)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Type of Reporting Person (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>OO</b></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>* </i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>This number does not include </i><i>325,000 shares owned by Holdings with respect to which the voting and dispositive power has been assigned</i><i> to an individual</i>. </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>The Reporti</i><i>ng Person</i><i> expressly disclaim</i><i>s</i><i> beneficial ownership of such securities, however Holdings remains the registered holder of such </i><i>325,000 shares </i><i>and it retains the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, such </i><i>325,000 shares</i><i>.</i></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>** Calculated based on </i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>3,895,720</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>&nbsp;</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>shares of </i><i>Common S</i><i>tock </i><i>of </i><i>the Issuer</i><i> outstanding</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i> as of </i><i>November 6, 2017</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>, as reported in the Issuer&rsquo;s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2017.</i></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

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<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:51%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">CUSIP No<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;<b>70336F203</b></font></p>
			</td>
			<td style="vertical-align:bottom;width:2%;">&nbsp;</td>
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			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:right;"><b>Page 4 of 7</b></p>
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<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-collapse: collapse;">

		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(1)&nbsp;</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Names of Reporting Persons.</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">I.R.S. Identification Nos. of above persons (entities only).</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Michael A. Carrazza</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(2)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the Appropriate Box if a Member of a Group (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(a)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&#9744;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&#9744;</font></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(3)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">SEC Use Only</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(4)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Source of Funds (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>AF</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(5)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9744;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(6)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Citizenship or Place of Organization</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>United States</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align: bottom; border-bottom: 1px rgb(0, 0, 0); width: 13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Number<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;of</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.1%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(7)&nbsp;</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.1%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Sole Voting Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>29,761*</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:middle;border-bottom: 1px #000000;;width:13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Shares</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Beneficially</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Owned<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;by</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.1%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(8)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.1%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shared Voting Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,000</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>**</b></font></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:middle;border-bottom: 1px #000000;;width:13.1%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Each</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Reporting</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;">Person</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.1%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:3.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;(9)</font></p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.1%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:82.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Sole Dispositive Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>29,761*</b></p>
			</td>
		</tr>
		<tr style="border-bottom: 1px solid rgb(0, 0, 0);">
			<td colspan="3" style="vertical-align: top; width: 13.1%; text-align: center; border-bottom: thin solid rgb(0, 0, 0);">With</td>
			<td style="vertical-align: bottom; width: 0.1%;">&nbsp;</td>
			<td style="vertical-align: top; width: 3.9%; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(10)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom: 1px #000000;;width:0.1%;">&nbsp;</td>
			<td style="vertical-align: top; width: 82.6%; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shared Dispositive Power</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,195,000</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>**</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(11)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Aggregate Amount Beneficially Owned by Each Reporting Person</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>2,</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>224,761**</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(12)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check if the Aggregate Amount in Row (11)<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;Excludes Certain Shares (See Instructions)</font></p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9746;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(13)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Percent of Class Represented by Amount in Row (11)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>57.11</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>%</b><b>***</b></font></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:5.5%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(14)</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:1.3%;">&nbsp;</td>
			<td colspan="5" style="vertical-align:top;border-bottom:solid 1px #000000;;width:93.2%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Type of Reporting Person (See Instructions)</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>IN</b></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>* This number includes </i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>22,431 shares of Common Stock owned directly by the Reporting Person, and 7,330 shares of Common Stock owned indirectly by the Reporting Person through Solaia Capital Management Profit Sharing Plan FBO Michael A. Carrazza</i><i> (&ldquo;</i><u><i>Solaia Capital</i></u><i>&rdquo;)</i><i>.</i></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>*</i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>*</i><i> </i><i>This number does not include </i><i>325,000 shares owned by Holdings with respect to which the voting and dispositive power has been assigned</i><i> to an individual</i>. </font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>The Reporti</i><i>ng Person</i><i> expressly disclaim</i><i>s</i><i> beneficial ownership of such securities, however Holdings remains the registered holder of such </i><i>325,000 shares </i><i>and it retains the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, such </i><i>325,000 shares</i><i>.</i></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>**</i><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>*</i><i> Calculated based on </i><i>3,895,720</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>&nbsp;</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>shares of </i><i>Common S</i><i>tock </i><i>of </i><i>the Issuer</i><i> outstanding</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i> as of </i><i>November 6, 2017</i></font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><i>, as reported in the Issuer&rsquo;s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2017.</i></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">This statement, dated <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">February 7, 2018, constitutes Amendment No.&nbsp;2 to the Schedule 13D, dated October&nbsp;15, 2010 (the &ldquo;<u>Schedule</u>&rdquo;), regarding the reporting persons&rsquo; ownership of certain securities of Patriot National Bancorp, Inc. (the &ldquo;<u>Issuer</u>&rdquo;). All capitalized terms used herein and otherwise undefined shall have the meanings ascribed in the Schedule.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Item<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;5. Interest in Securities of the Issuer</font></b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:middle;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(a)</p>
			</td>
			<td style="vertical-align:top;width:92%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">As a result of certain relationships, each of the Reporting Persons may be deemed to directly and/or indirectly beneficially own <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">2,195,000 shares of Common Stock, representing in the aggregate approximately 56.34% of the issued and outstanding shares of Common Stock, based upon the disclosure in Issuer&rsquo;s most recent Quarterly Report on Form 10-Q&nbsp;for the period ended September 30, 2017, filed on November 9, 2017 that there were 3,895,720&nbsp;shares of Common Stock issued and outstanding as of November 6, 2017. In addition, as of the date hereof, Sponsor also directly owns 815 shares of Common Stock; and Carrazza also directly owns 22,431 shares of Common Stock and indirectly owns 7,330 shares of Common Stock through Solaia Capital.</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;">Due to their relationship with each another, the Reporting Persons may be deemed to constitute a &ldquo;group&rdquo; under Section<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;13(d)(3) of the Securities Exchange Act of 1934, as amended (the &ldquo;<u>Act</u>&rdquo;), with respect to their beneficial ownership of the shares of Common Stock. The Reporting Persons, however, expressly disclaim such status and declare that the filing of this Schedule 13D is not and should not be deemed an admission that any Reporting Person, for purposes of Section&nbsp;13(d)(3) of the Act or otherwise, is the beneficial owner of the shares of Common Stock held by any other Reporting Person.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;</font></p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:middle;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(c)</p>
			</td>
			<td style="vertical-align:top;width:92%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Other than as reported in this Schedule 13D, none of the Reporting Persons has effected any transactions involving the Common Stock in the 60 days prior to filing this Schedule 13D.</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:middle;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(d)</p>
			</td>
			<td style="vertical-align:top;width:92%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">No other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock.</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:middle;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(e)</p>
			</td>
			<td style="vertical-align:top;width:92%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Not Applicable.</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Item<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</font></b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Effective on <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">January 4, 2018, Holdings conducted an in-kind distribution (the &ldquo;<u>In-Kind Distribution</u>&rdquo;) of 840,000 shares of Common Stock of the Issuer to shareholders of Holdings. Sponsor, Carrazza and Solaia Capital received 815 shares, 9,781 shares and 1,630 shares of Common Stock in the In-Kind Distribution, respectively. </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Effective on <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">January 11, 2018, Carrazza was granted 11,200 shares of Common Stock of the Issuer, which will vest quarterly in equal installments over a four-year period commencing from January 1, 2018, under the Issuer&rsquo;s 2012 Stock Plan, as amended.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Other than as reported in this Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or between such Reporting Persons and any person with respect to any securities of the Issuer.</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Item<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;7. Material to be Filed as Exhibits</font></b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">None.</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SIGNATURE</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:24.5pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:24.5pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</p>

<p style="font-family:Times New Roman, Times, serif;font-size:18pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:Times New Roman, Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:middle;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:middle;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:middle;width:2.9%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:middle;width:44.8%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Dated as of <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">February 7, 2018</font></p>
			</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td colspan="3" style="vertical-align:top;width:48.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>PNBK Holdings LLC</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:45.8%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:4.7%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:3.7%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:45.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:2.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">By:</p>
			</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:44.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">PNBK Sponsor LLC</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Its Managing Member</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:45.8%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:4.7%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:3.7%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:45.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:2.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">By:</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:44.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">/s/ Michael A. Carrazza</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:2.9%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:44.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Name: Michael A. Carrazza</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:2.9%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:44.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Title: Managing Member</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:45.8%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:4.7%;">&nbsp;</td>
			<td colspan="4" style="vertical-align:middle;width:49.4%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td colspan="3" style="vertical-align:top;width:48.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>PNBK SPONSOR LLC</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:45.8%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:4.7%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:3.7%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:45.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:2.9%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">By:</p>
			</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:44.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">/s/ Michael A. Carrazza</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:2.9%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:44.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Name: Michael A. Carrazza</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:2.9%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:44.8%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Title: Managing Member</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:45.8%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:4.7%;">&nbsp;</td>
			<td colspan="4" style="vertical-align:middle;width:49.4%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;border-bottom:solid 1px #000000;;width:0.8%;">&nbsp;</td>
			<td colspan="3" style="vertical-align:top;border-bottom:solid 1px #000000;;width:48.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">/s/ Michael A. Carrazza</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:45.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:3.8%;">&nbsp;</td>
			<td style="vertical-align:bottom;width:0.8%;">&nbsp;</td>
			<td colspan="3" style="vertical-align:top;width:48.6%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Michael A. Carrazza</p>
			</td>
		</tr>

</table>

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