RegulatoryJul 13, 2026, 06:51 AM
Patriot Bank No Longer Deemed 'Troubled' by OCC
AI Summary
Patriot National Bancorp announced that its wholly-owned subsidiary, Patriot Bank, N.A., received a letter from the Office of the Comptroller of the Currency (OCC) on July 7, 2026. The letter states that the OCC no longer considers the Bank to be in "troubled condition." This follows the termination of a Formal Agreement between the OCC and the Bank, which was previously disclosed on July 1, 2026.
Key Highlights
- Patriot Bank, N.A. received a letter from the OCC on July 7, 2026.
- The OCC no longer considers Patriot Bank to be in "troubled condition" as of July 7, 2026.
- The Bank's prior designation as "troubled condition" was disclosed on January 21, 2025.
- The termination of the related Formal Agreement with the OCC was disclosed on July 1, 2026.
Price Impact
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