0001437749-22-022986.txt : 20220923 0001437749-22-022986.hdr.sgml : 20220923 20220923165024 ACCESSION NUMBER: 0001437749-22-022986 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20220921 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220923 DATE AS OF CHANGE: 20220923 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: 221262826 BUSINESS ADDRESS: STREET 1: 900 BEDFORD ST CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2033247500 8-K 1 pnbk20220923_8k.htm FORM 8-K pnbk20220923_8k.htm
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): September 21, 2022
 
 
PATRIOT NATIONAL BANCORP, INC.
(Exact name of registrant as specified in its charter)
 
Connecticut    000-29599   06-1559137
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)
                 
 
900 Bedford Street, Stamford, Connecticut 06901
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number including area code: (203) 252-5900
 
(Former name or former address, if changed since last report): Not Applicable
 
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:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.01 per share   PNBK   NASDAQ Global Market
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 
 
 

 
Section 5 - Corporate Governance and Management
 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On September 21, 2022, Patriot Bank, N.A. (the “Bank”), a wholly-owned subsidiary of Patriot National Bancorp, Inc. (the “Company”), promoted Al Botta, Jr. to Executive Vice President and Chief Payments Officer.
 
Mr. Botta, age 50, joined the Bank in 2018 as Senior Vice President, Director of Payments. He brings with him over twenty years of experience in the payments and prepaid market space and has been responsible for the growth of the Bank’s payments division. Prior to joining the Bank, from 2014 to 2017, Mr. Botta served as Chief Revenue Officer and Director of Payments of BankMobile Technologies, Inc. (previously a wholly-owned subsidiary of Customers Bank). From July 2011 to September 2014, Mr. Botta served as Senior Vice President of Metropolitan Commercial Bank and Chief Executive Officer of CashZone (the retail check cashing division of Metropolitan Commercial Bank). From January 2010 to July 2011, Mr. Botta served as Senior Vice President of National Sales Operations in PreCash, Inc. From October 2007 to January 2010, Mr. Botta served as Chief Marketing Officer and Chief Revenue Officer in PreCommunications Inc. From January 2001 to September 2007, Mr. Botta also served as Senior Vice President of Prepaid Operations in IDT Corporation. Mr. Botta studied at Adelphi University focusing in Business Administration and Operations.
 
Section 7 Regulation FD
 
Item 7.01. Regulation FD Disclosure.
 
On September 23, 2022, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing Mr. Botta’s appointment.
 
The information contained in this Current Report on Form 8-K (including the exhibit) is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
 
Section 9 Financial Statements and Exhibits
 
Item 9.01. Financial Statements and Exhibits.
 
(c) Exhibits
 
Exhibit No.
Description
   
99.1
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
SIGNATURE
 
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.
 
Patriot National Bancorp, Inc.
September 23, 2022
By:
/s/ Robert G. Russell
Name:
Robert G. Russell
Title:
Chief Executive Officer
 
 
EX-99.1 2 ex_426269.htm EXHIBIT 99.1 ex_426269.htm

Exhibit 99.1

 

 

Patriot Bank elevates leader in payments to Executive Vice President and Chief Payment Officer

Company Release - 9/22/2022 4:05 PM ET

 

STAMFORD, Conn., September 23, 2022 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. ("Patriot") (NASDAQ:PNBK), the parent company of Patriot Bank, N.A. (the "Bank"), today announced that the Bank has promoted Al Botta, Jr. to Executive Vice President and Chief Payments Officer.

 

Mr. Botta joined Patriot Bank in 2018 as SVP, Director of Payments. He brings with him over twenty years of experience in the payments and prepaid market space and has been responsible for the growth of the Bank’s payments division. Mr. Botta’s industry knowledge and experience have translated to significant growth in the Bank’s payments division. Mr. Botta has served in various senior capacities with several institutions including BankMobile, Customers Bank and Metropolitan Commercial Bank. He has developed strong relationships withing the industry. Mr. Botta studied at Adelphi University focusing in Business Administration and Operations. "I am very excited to be a part of a dynamic management team that I've worked so closely with for the last several years. I welcome the opportunity to continue to expand the payments division successfully with Patriot ", stated Mr. Botta.

 

''I'm extremely pleased to be able to strengthen the Bank's leadership team. Al is an established and successful leader in payments. I look forward to building on the successful efforts Al has started and creating an even stronger, diversified revenue stream for Patriot", commented President and CEO Robert Russell.

 

 

 

 

About the Company

 

Founded in 1994, Patriot National Bancorp, Inc. ("Patriot" or "Bancorp") is the parent holding company of Patriot Bank N.A. ("Bank"), a nationally chartered bank headquartered in Stamford, CT. Patriot operates with full- service branches in Connecticut and New York and provides lending products and services nationally. Patriot's mission is to serve its local community and nationwide customer base by providing a growing array of banking solutions to meet the needs of individuals and small businesses owners. Patriot places great value in the integrity of its people and how it conducts business. An emphasis on building strong client relationships and community involvement are cornerstones of our philosophy as we seek to maximize shareholder value.

 

Contact:

 

Patriot Bank, N.A. 900 Bedford Street

 

Stamford, CT 06901

Robert G. Russell, Jr. President & Chief Executive Officer

203-252-5900

 

www.BankPatriot.com

 

Source: Patriot National Bancorp Inc.

 

 
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