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Posted 29 March, 2023

PATRIOT NATIONAL BANCORP INC appointed Mr. Russell as new CEO

Nasdaq:PNBK appointed new Chief Executive Officer Mr. Russell in a 8-K filed on 29 March, 2023.


  In conjunction with Mr. Russell's resignation, David Lowery, Executive Vice President and Chief Lending Officer of Patriot Bank, was promoted by the Board of Directors to serve as President, Chief Executive Officer and Director of the Company and Patriot Bank on March 26, 2023, to be effective as of April 21, 2023.  

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Overview of PATRIOT NATIONAL BANCORP INC
Financial Services • Banking
Patriot National Bancorp, Inc. operates as a bank holding company. The firm offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, savings, prepaid deposit, online national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry services. Its loan portfolio consists of commercial real estate, commercial business, SBA, construction, purchased residential real estate, and various consumer loans. The company also offers automated clearing house transfers, lockbox, Internet banking, bill payment, remote deposit capture, debit cards, money orders, traveler's checks, and automatic teller machine services. The company was founded in 1999 and is headquartered in Stamford, CT.
Market Cap
$15.8M
View Company Details
PATRIOT NATIONAL BANCORP INC by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On March 23, 2023, Robert G. Russell, Jr. tendered his resignation as President, Chief Executive Officer and Director of Patriot National Bancorp, Inc. (the "Company") and Patriot Bank, N.A., a wholly-owned subsidiary of the Company ("Patriot Bank"), to be effective as of April 21, 2023.

In conjunction with Mr. Russell's resignation, David Lowery, Executive Vice President and Chief Lending Officer of Patriot Bank, was promoted by the Board of Directors to serve as President, Chief Executive Officer and Director of the Company and Patriot Bank on March 26, 2023, to be effective as of April 21, 2023.

Mr. Lowery, age 48, joined Patriot Bank in April 2021 as Head of Lending, and became Executive Vice President and Chief Lending Officer of Patriot Bank in September 2021. Mr. Lowery is leading Patriot Bank's SBA division, Commercial Real Estate, C&I and Consumer Lending areas. Prior to joining Patriot Bank, Mr. Lowery served in various senior capacities with several institutions, including Senior Vice President at IBERIABANK from December 2018 to February 2021, Head of Commercial Real Estate at Metropolitan Commercial Bank from September 2015 to July 2018, and Vice President at M&T Bank where he worked from January 2008 to July 2015. Mr. Lowery earned his MBA from Loyola University in Maryland where he also received his undergraduate degree in Economics.