Patriot National Bancorp exits OCC enforcement order, expects $5M+ cost savings

Filed July 1, 2026 · Period ending July 1, 2026 · ~2 min read

Key Changes

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  OCC terminated Patriot Bank's Formal Agreement on June 30, 2026, removing regulatory restrictions in place since January 2025 and restoring operational flexibility for growth initiatives.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Company expects sharp decline in remediation costs exceeding $5 million annually (consultants, auditors, advisors, incremental staffing) plus reduced regulatory and FDIC fees, improved wholesale funding access, and restored Federal Reserve primary credit window access.

  Exhibit 99.2 view on EDGAR →
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  Bank grew assets from $1.1 billion to $1.3 billion in H1 2026 with new loan originations exceeding $40 million monthly at ~7% yield; management estimates growing to $2 billion assets could generate $1 million additional monthly net income.

  Exhibit 99.2 view on EDGAR →