OCC removes Patriot Bank's 'troubled condition' designation after Formal Agreement exit

Filed July 13, 2026 · Period ending July 7, 2026 · ~1 min read

Key Changes

• high

  OCC notified Patriot Bank on July 7, 2026 that it no longer considers the bank in 'troubled condition' under federal banking regulations, following the June 2026 termination of the related Formal Agreement.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• medium

  The troubled condition designation was originally disclosed in January 2025, meaning approximately 18 months elapsed between designation and removal.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• high

  The Formal Agreement termination (July 1, 2026) and troubled condition removal (July 7, 2026) occurred within six days, signaling successful remediation of regulatory concerns.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →